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Union Jack Oil PLC - Response to UK Government Shale Gas Moratorium

RNS Number : 0623S
Union Jack Oil PLC
04 November 2019
 

Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement

 

4 November 2019

 

Union Jack Oil plc

("Union Jack" or the "Company")

Operations Unaffected Following Government Shale Gas Moratorium

 

Union Jack Oil plc (AIM: UJO), a UK focused onshore conventional hydrocarbon production, development and exploration company, notes the announcement issued by the Department of Business, Energy and Industrial Strategy on behalf of the UK Government, on 2 November 2019, in respect of a shale gas moratorium.

This statement will have no impact on Union Jack's continuing and planned future production, development and exploration operations which are exclusively conventional.

The Company has no intent to engage in hydraulic fracturing operations in England, neither now nor in the future.

 

For further information, please contact:

Union Jack Oil plc

+44 (0)7787 160 682

David Bramhill


SP Angel Corporate Finance LLP

+44 (0)20 3470 0470

Nominated Adviser and Broker


Richard Morrison


Richard Hail


Stephen Wong


 


Blytheweigh Communications Limited

+44 (0)20 7138 3204

Financial PR

 

Tim Blythe

 

Megan Ray

 

Jane Lenton

 

Cassiopeia Services Ltd

+44 (0)7949 690 338

Public Relations


Stefania Barbaglio


 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Price: 0.1669

Market: AIM
Market Cap: £25.77 m
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