Union Jack Oil plc (AIM: UJO), a UK focused onshore conventional hydrocarbon production, development and exploration company, notes recent market speculation.
And confirms that it is considering a potential equity fundraising to assist principally the funding of the proposed purchase of a further 25% interest in the Claymore Piper Complex Royalty Units as disclosed in the Interim Results released on Monday 13 September 2021, to upgrade certain producing assets to enhance cashflow and to progress the Company’s other appraisal projects.
There is no certainty that the potential fundraising will proceed. A further announcement will be made in due course.
For further information, please contact:
Union Jack Oil plc
+44 (0)7801 540 358
David Bramhill
