Union Jack Oil PLC's (LON:UJO) David Bramhill caught up with Proactive London's Andrew Scott after announcing it's expanding its ownership of the Wressle oil field development project.
UJO's secured a deal to acquire an additional 12.5% interest from Humber Oil & Gas Limited for an initial upfront payment of £500,000.
Wressle's expected to achieve ‘first oil’ and begin production later this year.