Union Jack Oil plc (AIM:UJO)'s planned spud of the Crossroads Well in southern Oklahoma remains delayed as the rig is still undergoing maintenance and repair and a spud date will be provided in early May.
Reach Oil and Gas Company, the operator of the project, informed Union Jack of the ongoing maintenance, and Union Jack Oil is a UK and USA-focused onshore hydrocarbon production, development, exploration and investment company.
Union Jack holds a 43% interest in the Crossroads project and the company's share of the drilling costs has already been funded from existing cash resources.
