Union Jack provides investors with exposure to an unhedged portfolio of oil and gas production and development assets onshore UK. Following the start-up of the Wressle field (40% WI) in 2021, the Company is now cash flow positive and fully funded for its next leg of growth represented by the West Newton development (16.7% WI).
07 Sep 2022
Union Jack Oil* (UJO LN) - Wressle production drives maiden profit
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Union Jack Oil* (UJO LN) - Wressle production drives maiden profit
Union Jack Oil Plc (UJO:LON) | 25.2 -0.3 (-4.7%) | Mkt Cap: 26.9m
- Published:
07 Sep 2022 -
Author:
David Mirzai -
Pages:
2
Union Jack provides investors with exposure to an unhedged portfolio of oil and gas production and development assets onshore UK. Following the start-up of the Wressle field (40% WI) in 2021, the Company is now cash flow positive and fully funded for its next leg of growth represented by the West Newton development (16.7% WI).