Union Jack Oil Spuds Sark Well in Oklahoma
The onshore oil and gas company has spudded the Sark well in Central Oklahoma, USA.
The onshore oil and gas company has spudded the Sark well in Central Oklahoma, USA.
The non-executive director of the oil and gas company has purchased additional shares, increasing their stake.
The oil and gas company plans to use gas from its West Newton project to power an on-site cryptocurrency mining operation, aiming to generate early cash flow ahead of full field development.
The onshore oil and gas company is holding a general meeting to authorize the issuance of warrants related to a recent fundraising.
The oil and gas company has announced that one of its non-executive directors has purchased additional shares in the business.
The oil and gas exploration company has raised £2 million through a placing at a 30% discount, signaling potential issues with investor confidence.
The oil and gas company has signed a farm-in agreement to acquire a 60% working interest in the Sark well project in Oklahoma, USA, with estimated recoverable resources of 1.44 million barrels of oil.
The oil and gas company has restarted production at its Keddington Oilfield site following upgrades, with initial output of over 1,450 barrels of oil.
The oil and gas company reported a decline in profits and revenue for 2024, despite expansion into USA operations. Regulatory challenges in the UK and execution risks in new ventures overshadow some positive developments.
The onshore oil and gas company has appointed Zeus Capital Limited as a new Joint Broker, working alongside its existing Nominated Adviser and Broker.