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Union Jack Oil says well at Wressle flowing continuously
StockMarketWire.com
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Oil company Union Jack Oil said work on the Wressle oilfield development in North Lincolnshire had been completed, with a key well placed on continuous test production.
The development was located within licences PEDL180 and PEDL182 of which it held a 40% economic interest.
Operations to re-complete the well and re-perforate a reservoir interval had been completed successfully, safely and on schedule, the company said.
Free-flow of oil had commenced and the well had been placed on continuous 24-hour test production.
The well was in normal clean-up phase as carefully being brought on-stream.
The joint venture will provide a further detailed update when flow rates have stabilised on completion of clean-up, Union Jack said.
At 9:17am: (LON:UJO) Union Jack Oil Plc share price was 0p at 0.15p
Story provided by StockMarketWire.com
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