Union Jack Oil (GB:UJO) has released an update.
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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.
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