Union Jack Oil (GB:UJO) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Union Jack Oil plc has announced encouraging outcomes from the drilling of the Andrews 2-17 well in Oklahoma, USA, revealing significant hydrocarbon presence in the Hunton Limestone reservoir. The company, which holds a 45% working interest in the well, has successfully drilled to a total depth of 4,850 feet and plans to start completion and production testing within the next two weeks. Funded by the company’s cash resources, the success at Andrews 2-17 represents a potential new growth phase for Union Jack Oil’s transatlantic ventures.
For further insights into GB:UJO stock, check out TipRanks’ Stock Analysis page.