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Union Jack Oil ( (GB:UJO) ) has issued an update.
Union Jack Oil plc has announced an update on its Sark well in Central Oklahoma, where it holds a 60% interest. The well was drilled to a depth of 5,391 feet, and the Prue interval was identified as hydrocarbon-bearing. Temporary production facilities are being installed, and a 30-day test program is set to commence in early October 2025, with results to be reported upon completion.
More about Union Jack Oil
Union Jack Oil plc is a UK and USA focused onshore hydrocarbon company involved in production, development, exploration, and investment. The company holds a significant interest in various projects, including a 60% stake in the Sark well located in Central Oklahoma, USA.
Average Trading Volume: 657,623
Technical Sentiment Signal: Sell
Current Market Cap: £7.47M
For an in-depth examination of UJO stock, go to TipRanks’ Overview page.