Union Jack Oil Plc is an onshore oil and gas exploration company with a focus on drilling,development and investment opportunities in the United Kingdom hydrocarbon sector listed on the London Stock Exchange AIM market (Ticker: UJO).The Company currently has four licences in the East Midlands Basin and remains in negotiation with several established companies to acquire licence interests in suitable projects.The four licences are Biscathorpe / Burton on the Wolds / North Kelsey / Wressle.


PEDL 180 & PEDL 182

Union Jack Oil hold a net interest of 8.33% in PEDL 180.

The Wressle Prospect was originally identified and mapped using vintage 2D seismic data and subsequently defined on proprietary 3D seismic acquired by Egdon in 2012. The Wressle Prospect is located on trend with a number of discoveries such as Crosby Warren, Broughton-1 and Brigg along a sequence of faults that trend generally in a North West – South East direction.It has been designed to intersect a number of prospective Upper Carboniferous age sandstone reservoirs in a structurally favourable position near the crest of the Wressle structure.

Drilling commenced on 19th July 2014 at PEDL 180 ( Wressle Prospect ) The planned well will be drilled as a deviated well to a total depth of
about 2,300 metres.Results are expected from wednesday 27th august onwards.

Following drilling at Wressle,operations are due to commence immediately on PEDL 182 in a "back to back" drilling program.

JazzT - yes the stakes they have in those licences are pretty good for a sub £5m
market cap company,the area around wressle has proven hydrocarbon bearing rocks
and also oil production for the last 30 years so i am optimistic on this drill.I also
think the following drills at PEDL 201 and Biscathorpe will be very exciting indeed.
In terms of upsides i think there is far more on offer here compared to egdon who
are the operator,who already have alot of the future already priced in.


From a recent statement:


Two conventional exploration wells, Burton on the Wolds-1 and Wressle-1 located within PEDL’s 201 and 180 respectively, are expected to be drilled during June/July 2014.

The Burton on the Wolds Prospect, located within PEDL201 is a four way dip closed, footwall structure and is situated on the southern boundary of the Widmerpool Gulf, a geological basin with proven oil generation and on trend with the Rempstone and Long Clawson producing oil fields.

The total mean Prospective Resource volumes for the target objectives at Burton on the Wolds are, according to Molten, estimated to be 4.83 million barrels of oil.
The Wressle Prospect within PEDL180 is located in Lincolnshire, on the margin of the Humber Basin and is on trend with the producing Crosby Warren oil field and the Brigg-1 oil discovery, situated to the immediate northwest and southeast of the licence respectively.

The total mean Prospective Resource volumes at Wressle, as calculated by Molten Limited, are estimated to be 2.13 million barrels of oil

I was looking at a local lincs residents forum earlier and found an interesting
conversation from yesterday,they are residents of brigg and broughton.

Very interesting if they have applied for permanent oil storage ?



Jbabe - 25/8/14 6.22pm

Thanks peter


Peter D - 25/8/14 5.56pm

Jbabe once they are in production there will only be a few lorries a week
coming through the village to collect oil etc.I was against this at first
but now i see this as good for the local economy.


Jbabe - 25/8/14 5.02pm

Thanks drew i suppose it is good for the area to have a new oil field
and some new jobs.



Drew Smith - 25/8/14 4.12pm

Jbabe they must be near finished the drilling now,according to the wifes
sister who works for council the company applied for a permanent oil
storage licence for lodge farm on friday morning.




Jbabe - 25/8/14 3.32pm

Does anyone know what is going on up at lodge farm last few days there seems
to be twice the amount of lorries going through village.

Very interesting stuff, Mack R.

Do you have a link for the residents forum?

Cheers

Has anyone found this residents forum referred to by Mack R ?

Have any of you guys seen this on the Scunthorpe Telegraph ? i noticed the poster made a very accurate comment previously a number of days before they issued the Rns on the 2/9/2014.So this latest comment has caught my interest!


http://www.scunthorpetelegraph.co.uk/Drilling-oil-start-North-Lincolnshire/story-21000242-detail/story.html



Comment | September 11 2014, 1:55AM


I started back at lodge farm yesterday,the tech and analysis guys are very excited about a 15 metre section they think is 85% certain to be oil bearing.They have identified two separate large gas accumulations and another interesting 6 metre section they think will be oil bearing lower down.We are certainly looking at a multi horizon play here of both oil and gas and it could be the biggest discovery in Lincolnshire to date.

I have added more today! exciting few weeks ahead.

Will be joining you guys here next week - although speculative i can see some
tasty upside coming here.By the look of the early results on the wressle drill
it could be a big find.The chart also looking good for a move to 0.50p nearterm.

Mikel

Welcome aboard,you have chosen a great time to enter as i think this share will
become a steady and sharp gainer during the next few weeks.Also i think you
may see alot of money flowing into uk onshore oil and gas plays as a result of
the scots vote and possibly some new tax incentives offered by the uk gov to
onshore uk developments.

Even if there is a narrow NO vote you can bet the SNP will table another vote within
the next year or two,so the shrewd investors know that and will start to back uk
onshore companies and UJO will be one of the safer bets around.You could easily
see this company valued three or four times higher by the end of 2014 imvho.

Either way uk onshore is the place to be right now!

sp consolidating nicely b4 news due

A well of water and being plugged.

RNS
RNS Number : 7037V
Union Jack Oil PLC
30 October 2014


Union Jack Oil plc

(AIM: UJO)

Completion of drilling operations - Burton on the Wolds-1 exploration well (PEDL201)

Union Jack Oil plc ("Union Jack" or "the Company"), an onshore oil and gas exploration company with a focus on drilling and development opportunities in the United Kingdom hydrocarbon sector, notes that Egdon Resources plc ("Egdon") has released an RNS in respect of the conventional Burton on the Wolds-1 exploration well. Union Jack holds a 10.00 per cent interest in this well.

Egdon's RNS contained the following information:



Egdon Resources plc (AIM:EDR) announces the completion of drilling operations at the Burton on the Wolds-1 conventional exploration well in UK Onshore Licence PEDL201 in Leicestershire.

The Burton on the Wolds-1 well was spudded on 18 October 2014 and reached a total depth of 1086 metres on 28 October 2014. The well penetrated only thin sands in the primary reservoir objective, the Rempstone Sandstone group, while the deeper secondary objective was encountered as non-reservoir rock.

Electric wireline logs have now been acquired in the well. Although weak hydrocarbon shows were observed while drilling through the Rempstone sands, interpretation of the log data indicates the thin sands to be water bearing.

The well is currently being plugged before the drilling rig is released from contract and, in due course, the well-site will be restored to its original condition as agricultural land.

The interests in Licence PEDL201 and the Burton on the Wolds-1 well are:



Egdon Resources U.K. Limited 32.50% (Operator)

Celtique Energie Petroleum Limited 32.50%

Terrain Energy Limited 12.50%

Corfe Energy Limited 12.50%

Union Jack Oil plc 10.00%



As a result of previously announced farm-outs, Egdon's net share of the Burton on the Wolds-1 well cost is 15%.

Commenting on the Burton on the Wolds-1 result, Mark Abbott, Managing Director of Egdon said:

"Whilst we are naturally disappointed with the results of Burton on the Wolds-1, I am pleased to report that operations to date have been successfully completed with no safety incidents or impact on either the local environment or the local community. Furthermore, the drilling of the well has been accomplished ahead of schedule and within budget.

Egdon recognised that the principal pre-drill risks associated with the Burton on the Wolds prospect were the local development of the Rempstone sands and the presence of reservoir quality rocks at the deeper objective. In line with the Company's strategy, we were able to mitigate our exposure to these risks by bringing new partners into the licence group.

Egdon will now use information gained from Burton on the Wolds-1 to evaluate the remaining prospectivity of the acreage held under licence PEDL201. In the meantime Egdon is progressing its plans to commence flow testing the Wressle-1 well in PEDL180/182 in Lincolnshire and we will update shareholders with results of this in due course."For further information please contact the following:





Union Jack Oil plc

David Bramhill

Disapointing.