Union Jack Oil PLC (AIM:UJO) executive chair David Bramhill joined Proactive's Stephen Gunnion with details of the company's annual results for 2022, which revealed oil revenues up by 340% and profits of £3.6 million.
Bramhill highlighted the impressive performance of the Wressle well, which has shown no signs of decline and maintains significant untapped potential.
He also touched on the sale of its non-core 2.5% interest in the Claymore Area Royalty Agreement, for an 'above average return' on its original investment.