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David Bramhill, of Union Jack Oil PLC (LON: UJO), tells Proactive that Andrew Scott's badysis of the Biscathorpe-2 well in Lincolnshire showed that it was much more promising than what had been indicated previously.
The APT consultant conducted a sample taken at 20 intervals, indicating the presence of a 35-meter column of good quality oil at a depth of 1,980 meters, with more possibilities below 2,133 meters.
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