Union Jack Oil expects Crossroads well to spud before end of April

Union Jack Oil flagged a fresh delay to the Crossroads well in southern Oklahoma, with operator Reach Oil and Gas pushing back progress. The update is negative for near-term operational timing and execution, but the article provides no indication of a material financial impact or change in longer-term asset value.

Analysis

Union Jack Oil flagged a fresh delay to the Crossroads well in southern Oklahoma, with operator Reach Oil and Gas pushing back progress. The update is negative for near-term operational timing and execution, but the article provides no indication of a material financial impact or change in longer-term asset value.