Andrews 1-17 – West Bowlegs Oklahoma

This project marked Union Jack’s initial project expansion into the United States.

  • INTEREST: 45% interest in the Andrews 1-17 well, located within Seminole County, Oklahoma
  • OPERATOR: Oklahoma based Reach Oil and Gas
  • TREND: The well is on trend with the producing Hunton Limestone, one of the primary hydrocarbon reservoirs in Oklahoma
  • SPUDDED: March 2024
  • MAY 2024 – Declared commercial discovery; Installation of permanent production facilities underway
  • UPCOMING: Secondary well location in planning phase, with readiness for early drilling
LicenceAndrews 1-17
LocationSeminole County, Oklahoma
OperatorReach Oil & Gas
Next ActivityInstallation of permanent production facilities

Diana 1 – Oklahoma

  • INTEREST: 75% interest
  • OPERATOR: Oklahoma based Reach Oil and Gas
  • UPCOMING: Expected Q3 2024 drilling campaign to begin
  • OBJECTIVE: Footwall Fold Prospect in the Wilzetta Fault which has significant potential
  • UPSIDE: The prolific fault plays are the site of numerous oilfields across central Oklahoma
  • DATA: 3D seismic data supports the decision for the Diana-1 well and have used the data to identify several potential drilling sites along the Wilzetta Fault to minimise risk
LocationWilzetta Fault, Oklahoma, USA
OperatorReach Oil & Gas
Next ActivityDrilling

Rogers Enhanced Oil Recovery Project – Oklahoma

  • INTEREST: 45% interest
  • OPERATOR: Oklahoma based Reach Oil and Gas
  • UPCOMING: Project commencement July 2024
  • OBJECTIVE: Enhanced Oil Recovery
  • UPSIDE: Internal Rate of Return 79%
LicenceRogers Enhanced Oil Recovery Project
LocationSeminole County, Oklahoma, USA
OperatorReach Oil & Gas
Next ActivityCommencement of project July 2024

Mineral Royalties, Texas and North Dakota

  • INTEREST: 165 wells throughout the prolific regions of the Permian Basin, Bakken Shale, and Eagle Ford Shale
  • MINERAL ROYALTIES: Acquired package of six quality mineral royalties in 2023-2024 in the USA within Texas and North Dakota
  • KEY OPERATORS: Includes majors such as Chevron, Hess, XTO, COG Operating, Burlington Resources, Continental, and more
  • ATTRACTIVE ASSETS: Due to the exposure to active basins, ability to gain monthly income with no development or operational costs, no forward liabilities or obligations, and royalties have a long economic life and in some cases over 26 years
  • VISION: To continue the expansion of their mineral royalty portfolio when appropriate acquisition opportunities arise
Mineral RoyaltiesTexas and North Dakota
Six UnitsInterest in 165 wells

USA Corporate Quarterly Information