Union Jack Oil (GB:UJO) has released an update.
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Union Jack Oil plc, an onshore hydrocarbon production company, has acknowledged the findings of the West Newton Gas Export Feasibility Study by CNG Services Ltd, indicating that a single well development could expedite production and revenue with minimal investment. The revised work program for the West Newton project, part of PEDL183 in which Union Jack holds a 16.665% interest, has received approval from the North Sea Transition Authority. This development could serve as a precursor to the full field development of West Newton.
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