West Newton

PEDL183 – West Newton

Union Jack holds a 16.67% interest (subject to contract and regulatory approval) in PEDL183,located within the Western sector of the Southern Zechstein Basin.

PEDL183 contains the West Newton A-1 gas discovery (Best Estimate 186 Bcf).

The West Newton A-1 gas discovery is on trend with the prolific Hewett gasfield complex which had Original Gas in Place of 419 Bcf. Regionally, West Newton and Hewett are located in the Southern Permian Basin which contains approximately 419 Bcf of gas and 250 MMbbls of combined in production areas in Poland, Germany and the Netherlands.

The West Newton conventional appraisal well is defined from 3 component 3D seismic and is planned to be drilled in Q1 2019.

Further information on this project can be found in the Rathlin Opportunity presentation published on this website.

The percentage interest holdings are as follows:

Holders

Holding (%)

Rathlin Energy UK Limited (Operator)

66.67

Union Jack Oil

16.665

Humber Oil & Gas

16.665

 

100.0