Spudding of Crossroads Well Oklahoma USA
Union Jack Oil plc announced that the Crossroads Well in Oklahoma, USA, was spudded on May 5, 2026, with drilling expected to take approximately 10 days. The company holds a 43% interest in this project, and its share of the drilling costs has been funded from existing cash resources. Shareholders will be updated on the well's results in due course.
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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.
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