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Union Jack Oil 'has all the right ingredients for a highly positive 2020' - David Bramhill

Union Jack Oil PLC’s (LON:UJO) David Bramhill tells Proactive London's Andrew Scott they're fully funded for all its current drilling and well testing commitments.

He says they had £5.5mln cash in the bank at the start of May and remains debt-free.

Bramhill is confident the company can achieve its goal of increasing production 'materially' and become what he describes as a significant mid-tier UK onshore producer in the medium term.

Quick facts: Union Jack Oil PLC

Price: 0.155 GBX

Market: AIM
Market Cap: £30.71 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,...

on 4/8/20

2 min read