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Wressle discovery a “sea change” for Union Jack, says executive chairman

Published: 12:10 06 Sep 2016 BST

Union Jack Oil PLC (LON:UJO) executive chairman David Bramhill has hailed the Wressle oil and gas discovery as a “sea change” for the AIM-listed firm.

“The highlights really are all about the Wressle discovery,” Bramhill tells Proactive.

“It’s going to make a lot of difference to us…The cash flow from that will just make a completely different company of Union Jack,” he adds.

As well as getting some cash in to the company, Bramhill tells investors that Union Jack is “very strict on costs”.

He also explains that there are always good deals out there", and should the right opportunity come along, the board "wouldn't be slowing in taking [it] up."

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Union Jack Oil PLC (AIM:UJO) executive chair David Bramhill speaks to Thomas Warner from Proactive after the UK-focused onshore oil and gas company released its interim results for the six months to 30 June 2023. Bramhill starts by highlighting the company's rude financial health, describing...

on 11/9/23