Union Jack Oil PLC (AIM:UJO) David Bramhill Interview & Corporate Video

 

Union Jack Oil PLC (AIM: UJO) Final Results for the Year Ended 31 December 2017

https://www.share-talk.com/share-news/union-jack-oil-plc-aimujo-final-results-for-the-year-ended-31-december-2017/

Union Jack Oil plc (AIM: UJO) an onshore exploration and production company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector, is pleased to announce its audited results for the year ended 31 December 2017.

Operational Highlights

  •  Portfolio expanded with selective, value accretive asset transactions through further interests in Wressle and Biscathorpe
  • Proven resources and reserves increased
  • Oil production profile expanded via acquisition of interests in Fiskerton Airfield and Keddington oilfields
  • Prepared for the drilling of two significant conventional prospects Biscathorpe-2 and Holmwood-1

 

Financial Highlights

  •   Cash balance in excess of £2.0 million as at 30 April 2018
  • £1.25 million (before expenses) raised in March 2018 to expand further the Company’s asset portfolio
  •    The Company remains debt free

 

David Bramhill, Executive Chairman, commented: 

“Considerable progress was made in the year under review and in the period up to the signing of these financial statements.

I am enthusiastic in respect of the year ahead and I look forward to reporting progress with our current projects and new acquisitions during 2018 and beyond.

The objective of your Board remains to build a sustainable and profitable conventional onshore hydrocarbon production and development business.”

 



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