{"id":99980,"title":"Union Jack Oil PLC (AIM:UJO) Capital Reduction Update","publisher":"Share Talk","author":"sharetalk","published":"2022-08-09T06:42:49+00:00","modified":"2022-08-09T06:42:49+00:00","canonical_url":"https://www.share-talk.com/union-jack-oil-plc-aimujo-capital-reduction-update-2/","markdown_url":"https://www.share-talk.com/union-jack-oil-plc-aimujo-capital-reduction-update-2.md","json_url":"https://www.share-talk.com/union-jack-oil-plc-aimujo-capital-reduction-update-2.json","category":"Energy","categories":["Energy"],"tags":["3D seismic data","Biscathorpe","Biscathorpe-2","Claymore","David Bramhill","development","EDR","Egdon Resources","Egdon Resources U.K","EOG","Europa Oil & Gas","Fiskerton Airfield","gas","Graham Bull","Humber Basin","Humber Oil & Gas Limited","HYDROCARBON","Keddington","North Sea","oil","oilfield","onshore","onshore hydrocarbon","PEDL253 licence","Piper","production","Scapa","side-track","South Humber Basin","UJO","UKOOG","Union Jack Oil","Union Jack Oil plc","Weald Basin","West Newton","West Newton A-2","Wressle","Wressle-1"],"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)** a UK focused onshore hydrocarbon production, development and exploration company is pleased to announce a further update on the reduction of capital exercise that is being pursued following the passing of a special resolution of the Company at its Annual General Meeting on 23 June 2022 (“Capital Reduction”).\n\nAn application to the High Court of Justice has been made and an initial hearing has been scheduled for 12 August 2022. A final hearing for the Court to consider the Capital Reduction has been scheduled for 30 August 2022. The timing and approval of the Capital Reduction remains at the discretion of the Court.\n\nThe Company will announce any further developments in due course.\n\n**For further information, please contact**\n\nUnion Jack Oil plc [info@unionjackoil.com](mailto:info@unionjackoil.com)\n\nDavid Bramhill"}