AIM-listed Union Jack Oil, a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, has announced that, following the update on 8 April 2026, Reach Oil and Gas Company Inc. (the 'Operator'), has informed the Company that there has been a short delay to the spud date for the Crossroads well, located in Southern Oklahoma, USA as a result of rig maintenance requirements. The Operator is confident that the well will be spudded before the end of April 2026.
Union Jack currently holds a 43% interest. The Company's share of the drilling costs have already been funded from the Company's existing cash resources.
Source: Union Jack Oil
