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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: 0.27 GBX

AIM:UJO
Market: AIM
Market Cap: £41.69 m
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Union Jack Oil expects to be drilling at West Newton within weeks

Union Jack Oil PLC's (LON:UJO) David Bramhill tells Proactive London's Andrew Scott drilling is due to kick off in the next few weeks at the West Newton project, where an appraisal well will follow up last year’s successful discovery. The plan also includes the combined testing of the new well,...

1 day, 7 hours ago

2 min read