24th Sep 2025 19:08
Union Jack Oil PLC - UK and US focused onshore hydrocarbon, production, development, exploration firm - Says Sark well in central Oklahoma was drilled to a total depth of 5,391 feet, with the Prue interval highlighted on electric logs as hydrocarbon bearing following evaluation. The Prue interval was perforated from 4,586 to 4,600 feet, meanwhile oil was recovered during swabbing. "Temporary production facilities are being installed and Sark will undergo a 30-day test programme, commencing early October 2025," Union Jack Oil says.
Current stock price: 5.00 pence each, closed 2.0% lower on Wednesday in London
12-month change: down 66%
By Tom Budszus, Alliance News slot editor
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