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Union Jack Oil plc announced that the Crossroads Well was spudded by Reach Oil and Gas Company Inc. (the Operator) on 5 May 2026. Union Jack holds a 43% interest in the project, with its share of drilling costs funded from existing cash resources, and the drilling period is expected to be approximately 10 days.
| Date | 6 May 2026 |
| Time | 07:00:05 |
| Category | Miscellaneous |
| ID | 1317D |
6 May 2026
Union Jack Oil plc
("Union Jack" or the "Company")
Spudding of Crossroads Well Oklahoma USA
Union Jack Oil plc (AIM: UJO), a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, is pleased to announce that, further to the update on 1 May 2026, the Company has been informed by Reach Oil and Gas Company Inc. (the "Operator"), that the Crossroads Well was spudded on 5 May 2026. The drilling period is expected to be approximately 10 days and shareholders will be informed of the results in due course.
Union Jack currently holds a 43% interest in the project. The Company's share of the drilling costs have been funded from its existing cash resources.
For further information, please contact:
Union Jack Oil plc [email protected]
David Bramhill
SP Angel Corporate Finance LLP +44 (0)20 3470 0470
Nominated Adviser and Joint Broker
Matthew Johnson
Richard Hail
Jen Clarke
Zeus Capital Limited +44 (0)20 3829 5000
Joint Broker
Antonio Bossi
Simon Johnson
George Duxberry
Gneiss Energy Limited + 44 (0)20 3983 9263
Financial Adviser
Jon Fitzpatrick
Harbour Access +1 (475) 477 9402
USA Investor Relations
Jonathan Paterson