Union Jack Oil's Crossroads Well Drilled On-Budget to 4,600ft, Mid-June Testing Ahead

Union Jack Oil (WLDOIL) announced its Crossroads well in Garvin County, Oklahoma, reached a target depth of 4,600 feet on budget, with electric logs identifying hydrocarbon shows across several intervals. The AIM-listed firm, holding a 43% interest, selected four zones for mid-June production testing: Middle McLish, Basal McLish, Cisco, and Hoxbar sandstones, after running and cementing production casing. Operator Reach Oil and Gas will lead the tests, with management citing nearby productive wells and 'excellent upside potential.' This operational milestone builds investor optimism, pending commercial flow confirmation.