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Union Jack Oil PLC - Bath, England-based UK-focused onshore hydrocarbon production, development, and exploration company - Reports its material landmark net revenues is in excess of $16 million in the Wressle hydrocarbon development located in North Lincolnshire, since production recommenced in August 2021. Union Jack Oil has a 40% economic interest in this development. Says oil production stable at 780 barrels per day, compared to 750 barrels on June 20, 2022. Chair David Bramhill: ‘Revenues from Wressle continue to bolster the company’s balance sheet, complemented by cash-flow from the Keddington oilfield where planning is in place and a side-track well is planned to be drilled.’ Current share price: 28.88 pence, up 2.2% 12-month change: up 7.0% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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