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IN BRIEF: Union Jack Oil abandons non-commercial well in Oklahoma

ALN

Union Jack Oil PLC - UK- and US-focused onshore oil and gas company - Says testing at the Crossroads well in Garvin County, Oklahoma, has concluded the discovery is non-commercial. As a result, the well, in which the firm holds a 43% interest, will be plugged and abandoned.

Current stock price: 3.75 pence each, down 8.5% on Friday afternoon in London

12-month change: down 59%

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