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Union Jack's David Bramhill welcomes strong show of support for £2.25mln raise

Union Jack Oil PLC's (LON:UJO) David Bramhill spoke to Proactive London's Andrew Scott soon after announcing they'd raised £2.25mln as the firm works to follow up the West Newton appraisal success with an extended well test.

Bramhill says he's looking forward to the results of the planned extended well test in the third quarter of 2019 that will be expanded to test the liquid and/or gas intervals evident in the well.

Quick facts: Union Jack Oil PLC

Price: 0.1725 GBX

AIM:UJO
Market: AIM
Market Cap: £20.89 m
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Investor Update: Union Jack's West Newton potential confirmed

Headlines from the Proactive UK newsroom. Union Jack Oil (LON:UJO) has been informed by the operator that the Kirkham Abbey reservoir in the West Newton project area contains a base case 146mln barrels of oil and up to 283mln barrels in a best case. The liquid element is much higher than...

1 week, 1 day ago

2 min read