The project is advancing towards drilling the main well.
() told investors that the rig and equipment have been mobilised to the West Newton B-1 well site.
The company, in a statement, said that the preceding programme to drill and set was completed down to a depth of 74 metres.
READ: Union Jack raises £7mln as West Newton advances
Rigging up for the main well will take one to two weeks, before a borehole is sunk down to a depth of 2,000 metres. The programme will take six to ten weeks to complete.
West Newton B-1 is targeting the same conventional reservoirs that were encountered in the recently drilled West Newton A-2 well.
Results are expected to inform a subsequent programme of well testing to establish the well’s productive capability and future drill operations.
Union Jack owns a 16.665% interest in PEDL183 which hosts the West Newton project.
NO INVESTMENT ADVICE
This record is published on behalf of Union Jack Oil PLC, which is a paid client of ProactiveInvestors. You understand that ProactiveInvestors receives either monetary or securities compensation for our services,…
ProactiveInvestors is a publisher. You understand and agree that no content in this record or published on ProactiveInvestors’ website (the “Site”) constitutes a recommendation that any particular security,…
-350x250.jpg)
Leave a Reply