Crossroads Well Southern Oklahoma USA Update
Union Jack Oil plc has announced a minor delay in the spudding of the Crossroads well in Southern Oklahoma due to rig maintenance, with the Operator confident drilling will commence before the end of April 2026. The company holds a 43% interest in the well, and its share of the drilling costs has already been covered by existing cash resources.
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Union Jack Oil plc (AIM: UJO), a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, announces that, following the update on 8 April 2026, Reach Oil and Gas Company Inc. (the "Operator"), has informed the Company that there has been a short delay to the spud date for the Crossroads well, located in Southern Oklahoma, USA as a result of rig maintenance requirements. The Operator is confident that the well will be spudded before the end of April 2026.
Union Jack currently holds a 43% interest. The Company's share of the drilling costs have already been funded from the Company's existing cash resources.
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