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
| Licence | Andrews 1-17 |
|---|---|
| Interest | 45% |
| Location | Seminole County, Oklahoma |
| Operator | Reach Oil & Gas |
| Type | Conventional |
| Next Activity | Installation 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
| Licence | Diana-1 | |
|---|---|---|
| Interest | 75% | |
| Location | Wilzetta Fault, Oklahoma, USA | |
| Operator | Reach Oil & Gas | |
| Type | Conventional | |
| Next Activity | Drilling |
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%
| Licence | Rogers Enhanced Oil Recovery Project | |
|---|---|---|
| Interest | 45% | |
| Location | Seminole County, Oklahoma, USA | |
| Operator | Reach Oil & Gas | |
| Type | Conventional | |
| Next Activity | Commencement 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 Royalties | Texas and North Dakota | |
|---|---|---|
| Six Units | Interest in 165 wells |
