Union Jack Oil plc 是一家专注于英国和美国陆上碳氢化合物生产、开发、勘探和投资的公司,该公司宣布已与 Reach Oil and Gas Inc (Reach) 签署了一项农场协议,以收购位于美国俄克拉荷马州中部的 Sark 油井 60% 的工作权益(支付 80%),该油井计划于 2025 年第三季度初进行钻探。
3D 支持的 Sark 井将钻探一个倾角和断层封闭的大型结构,面积为 156 英亩,地形高 40 英尺,估计可采资源量为 1,440,000 桶石油。
Union Jack Oil plc, a UK and US focused onshore hydrocarbon, production, development, exploration, and investment company has announced that the Company has signed a farm-in agreement with Reach Oil and Gas Inc (Reach) to acquire a 60% working interest (paying 80%) in the Sark well, planned to be drilled early 3Q25, located in Central Oklahoma, US.
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.
Cost to drill, complete and develop circa US$1 100 000 net, including back costs of US$236 800.
Estimated success case of NPV10% circa US$10 900 000 net, based on a US$65/bbl oil price.
Counter-regional fault down to the east in the Graben formed by the Wilzetta Fault with
structural closure at Arbuckle level with further upside potential of 1 500 000 bbls of oil
gross.
Hunton and 2nd Wilcox formations are the objective targets with Total Depth estimated at
5500 ft.
Secondary targets productive in the immediate area include the Prue Sands, Red Fork and
Base Pennsylvanian Sands.
Adjacent to an oilfield that produced circa 1 600 000 bbls of oil from the Hunton and 2nd
Wilcox sands.
Chance of Success of finding movable hydrocarbons in this robust, multiple target structure is
65%.
Sark is an untested Hunton and Wilcox structure with two main and several secondary targets present, adjacent to a producing oilfield. Closure exists throughout the prospective sequence beneath the 2nd Wilcox and the well will be drilled to the Arbuckle formation.
David Bramhill, Executive Chairman of Union Jack, commented: “We are pleased to be able to announce a further agreement with our partners, Reach, on the high-impact Sark well that on success will be another material oil development project for Union Jack.
“Sark is the next welcome addition to our rapidly growing portfolio of activities in Oklahoma and follows the successful oil discovery at Moccasin where such play types are now designated a high chance of success.
“In just over 15 months the Company has drilled four consecutive discoveries and compiled a portfolio of what we believe to be dynamic projects, forming the foundations of a second valuable commercial business in the US, complementing our sound and profit-making revenues from Wressle in the UK.
“The recent success at Moccasin has been a catalyst and Union Jack is now entering into a period of sustained activity in Oklahoma, where we have every reason to be confident following the Board's decision to expand operations into the US.”
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