Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

Union Jack Oil "over the moon" with latest Wressle stake acquisition

David Bramhill, chairman at Union Jack Oil (LON:UJO) talks to Proactive Investors after the company increased its stake in the Wressle field.

Given the project's potential, Bramhill feels the company paid "a very nice price for this".

"The cashflow we'll be getting from this will make a big difference to our balance sheet.

"We are over the moon with this acquisition, and make no secret we'd like more" he says.

 
Meet Anglo Asian Mining PLC, Jersey Oil and Gas PLC, Europa Oil & Gas (Holdings) Plc, ANGLE plc and Eurasia Mining plc at our event, Dublin , 22 November 2018. Register here »
View full UJO profile View Profile

Union Jack Oil PLC Timeline

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use