Union Jack Oil PLC (AIM:UJO) £1,000,000 Loan Repayment to Union Jack by Europa

Union Jack Oil plc (AIM: UJO) a UK focused onshore hydrocarbon production, development and exploration company, announces that in accordance with the terms of the loan facility and charge agreements (“Loan Facility”) executed between Union Jack and Europa Oil & Gas (Holdings) plc (“Europa”) as announced on 9 September 2022.

Europa has repaid the principal of £1,000,000 and applicable interest in full.

Accordingly, the Loan Facility has been cancelled and the security held by Union Jack will now be released.

For further information, please contact

Union Jack Oil plc

[email protected]

David Bramhill

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