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We are still in the early stages of the process of unlocking the significant upside potential at Wressle which is continuously improving as the site upgrades take effect, the future monetisation of the natural gas at the Ashover Grit reservoir and the substantial upside potential offered by the Contingent Resource present in the Penistone Flags reservoir that remains untapped,' says Executive Chair David Bramhill.īy Dayo Laniyan 2022 Alliance News Limited. 'The revenues from the Wressle development have created a sea change in the financial robustness of Union Jack, as the figures above illustrate. Union Jack currently holds a 40% economic interest in Wressle. Union Jack Oil PLC - Bath, England-based oil and gas company with operations across the UK - Achieves net revenue generation of USD4 million from the Wressle hydrocarbon development, located within licences PEDL180 and PEDL182 in North Lincolnshire.

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