Union Jack Oil acquires North Sea royalty with 'superior investment returns'

Union Jack Oil's (LON:UJO) David Bramhill talks Proactive's Andrew Scott through the news it's purchased from Cambridge Petroleum Royalties a 2.5% cash generating royalty interest over 20% of the revenues from oil and gas production from the Claymore, Piper and Scapa oilfields located in the Central North Sea. Bramhill says the move plays strongly to their technical and analytical strengths in oil and gas and represents a low-risk entry strategy to the North Sea while generating what he describes as superior investment returns.