Union Jack Oil PLC’s (LON:UJO) David Bramhill tells Proactive London's Andrew Scott they're fully funded for all its current drilling and well testing commitments.
He says they had £5.5mln cash in the bank at the start of May and remains debt-free.
Bramhill is confident the company can achieve its goal of increasing production 'materially' and become what he describes as a significant mid-tier UK onshore producer in the medium term.
