Union Jack Oil plc sign farm-in agreement with Reach Oil and Gas for the Sark Drilling Project
Oilfield Technology
JULY 14, 2025
3D supported Sark well will drill a dip and fault closed large structure of 156 acres area and 40 ft relief Estimated recoverable resources of 1 440 000 bbls of oil gross. Estimated success case of NPV10% circa US$10 900 000 net, based on a US$65/bbl oil price.
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