Union Jack Oil PLC’s (LON:UJO) David Bramhill discusses with Proactive London’s Andrew Scott the findings of a new assessment of the Biscathorpe project including an economic review which has found it’s a financially robust project at current oil prices.
It confirms the value of Westphalian, the project’s principal target, which is estimated to potentially be worth £55.6mln, meanwhile, the secondary Dinantian Carbonate target is described as a “commercially viable play” with 24.3mln barrels.