AIM-listed Union Jack Oil, a UK focused onshore hydrocarbon production, development and exploration company, has announced the appointment of Frazer Lang as a Non-Executive Director of the Company with immediate effect.
Frazer is also an Executive Director of Union Jack's Commercial Partner, Humber Oil & Gas, with whom Union Jack established a relationship in March 2018, whereby both parties seek to co-invest in UK onshore hydrocarbon opportunities.
Since entering into the partnership, three significant commercial collaborations have taken place between Humber and Union Jack, acquiring joint interests in PEDL253 Biscathorpe, where site work is nearly complete for the drilling of the Biscathorpe-2 appraisal well, expected to be spudded during December 2018, PEDL183 containing the major West Newton-1 gas discovery, where an appraisal well is planned to be drilled in Q1 2019, and PEDLs 180/182 containing the Wressle-1 discovery, where permission for oil field development is being sought.
David Bramhill, Executive Director of Union Jack, commented: 'The appointment of Frazer Lang to the Board of Union Jack reflects the close alliance between the Company and Humber and is a logical progression for the future.
We welcome Frazer to the team and look forward to what could be transformational times in the near term for both Union Jack and Humber given our joint interests in two potential high impact projects at Biscathorpe and West Newton where appraisal wells are imminent and the proposed oil field development of the Wressle-1 discovery.'
Frazer Lang, Non-Executive Director of Union Jack, commented: 'I am delighted to join the board of Union Jack and I look forward to working closely with the team to maximise value for all shareholders by advancing our near term projects and evaluating new, value accretive opportunities.
We have an exciting time ahead of us and success in any one of our projects will be transformational for our Company.'
