{"id":45916,"title":"David Bramhill  Executive Chairman-Union Jack Oil PLC (AIM:UJO)","publisher":"Share Talk","author":"sharetalk","published":"2018-05-01T11:06:27+00:00","modified":"2019-01-27T19:19:30+00:00","canonical_url":"https://www.share-talk.com/david-bramhill-executive-chairman-union-jack-oil-plc-aimujo/","markdown_url":"https://www.share-talk.com/david-bramhill-executive-chairman-union-jack-oil-plc-aimujo.md","json_url":"https://www.share-talk.com/david-bramhill-executive-chairman-union-jack-oil-plc-aimujo.json","category":"Podcasts","categories":["Podcasts"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":"Union Jack Oil PLC (AIM:UJO) Final Results for the Year Ended 31 December 2017\n\n[http://physio4motion.wpinfy.xyz/share-news/union-jack-oil-plc-aimujo-final-results-for-the-year-ended-31-december-2017/](http://physio4motion.wpinfy.xyz/share-news/union-jack-oil-plc-aimujo-final-results-for-the-year-ended-31-december-2017/)\n\n**Operational Highlights**\n\ná Portfolio expanded with selective, value accretive asset transactions through further interests in Wressle and Biscathorpe\n\ná Proven resources and reserves increased\n\ná Oil production profile expanded via acquisition of interests in Fiskerton Airfield and Keddington oilfields\n\ná Prepared for the drilling of two significant conventional prospects Biscathorpe-2 and Holmwood-1\n\n**Financial Highlights**\n\ná Cash balance in excess of £2.0 million as at 30 April 2018\n\ná £1.25 million (before expenses) raised in March 2018 to expand further the Company’s asset portfolio\n\ná The Company remains debt free\n\n**David Bramhill, Executive Chairman, commented:**\n\n“Considerable progress was made in the year under review and in the period up to the signing of these financial statements.\n\nI 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.\n\nThe objective of your Board remains to build a sustainable and profitable conventional onshore hydrocarbon production and development business.”"}