{"id":107850,"title":"Union Jack Oil PLC – Sale of Interest in the Claymore Royalty Agreement","publisher":"Share Talk","author":"sharetalk","published":"2023-05-04T06:32:43+00:00","modified":"2023-05-04T06:32:43+00:00","canonical_url":"https://www.share-talk.com/union-jack-oil-plc-sale-of-interest-in-the-claymore-royalty-agreement/","markdown_url":"https://www.share-talk.com/union-jack-oil-plc-sale-of-interest-in-the-claymore-royalty-agreement.md","json_url":"https://www.share-talk.com/union-jack-oil-plc-sale-of-interest-in-the-claymore-royalty-agreement.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 hydrocarbon","PEDL253 licence","Piper","production","Scapa","Share Talk","side-track","South Humber Basin","UJO","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/2022/03/st-holder.jpg?fit=1536%2C1024&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 the disposal of its 2.5% interest in the Claymore Area Royalty Agreement.\n\n**David Bramhill,** Executive Chairman of Union Jack Oil, commented: “The Company is pleased with the price and terms and conditions of the sale, which has generated an above average return on our original investment.\n\n“Union Jack remains committed to becoming a mid-tier producer, with Wressle being the first step on that journey. The upcoming appraisal well at West Newton, planned drilling at Keddington and the other opportunities currently under evaluation all evidence significant progress towards our goal.”\n\nOil & Gas Advisors Limited acted as a financial adviser to the Company regarding this transaction.\n\nFor further information, please contact:\n\nUnion Jack Oil plc[info@unionjackoil.com](mailto:info@unionjackoil.com)"}