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.
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Union Jack Oil PLC's (LON:UJO) David Bramhill talks to Proactive London about the latest updates on Wressle field, in Lincolnshire as well as the ongoing drilling operation at the West Newton B-1 appraisal well project in East Yorkshire. Bramhill firstly starts with the Wressle field, news...
