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'Sweet deal' sees Union Jack Oil up stake in Wressle discovery to 27.5%

David Bramhill, executive chairman of Union Jack Oil PLC (LON:UJO), tells Proactive's Andrew Scott they've acquired a further 12.5% in the PEDL180 and PEDL182 licences in North Lincolnshire, which are home to the Wressle discovery and the Broughton North prospect.

The additional stake takes Union Jack’s total interest in the licences to 27.5%.

Quick facts: Union Jack Oil PLC

Price: 0.15625 GBX

AIM:UJO
Market: AIM
Market Cap: £24.13 m
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