Union Jack Oil plc announced the commencement of drilling operations at Biscathorpe-2, located within PEDL253 in Lincolnshire, in which Union Jack has a 22% license interest. The Biscathorpe-2 well was spudded at 12:30 p.m. January 7, 2019. The well will be drilled to a total depth of approximately 2,100 meters below ground level and is expected to take circa 30 days to reach TD. Biscathorpe-2 will target a structural/stratigraphic trap at a depth of over 1,800 meters below Mean Sea Level, defined on re-processed three-dimensional seismic data. The targeted Basal Westphalian sandstone reservoir is expected to thicken at the well location to the north of the crest of the 'structural high'. This structural high was drilled by BP at Biscathorpe-1 in 1987 and encountered a 1.2 meters thick, oil saturated section of the sandstone reservoir.