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Union Jack Oil 'has all the right ingredients for a highly positive 2020' - David Bramhill

Union Jack Oil PLC’s (LON:UJO) David Bramhill tells Proactive London's Andrew Scott they're fully funded for all its current drilling and well testing commitments.

He says they had £5.5mln cash in the bank at the start of May and remains debt-free.

Bramhill is confident the company can achieve its goal of increasing production 'materially' and become what he describes as a significant mid-tier UK onshore producer in the medium term.

Quick facts: Union Jack Oil PLC

Price: 0.2225 GBX

AIM:UJO
Market: AIM
Market Cap: £34.36 m
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Union Jack's David Bramhill hails green credentials for its West Newton project

Union Jack Oil Plc's (LON:UJO) David Bramhill speaks to Proactive's Andrew Scott after revealing the highlights of a GaffneyCline authored Carbon Intensity Study on the West Newton project, onshore East Yorkshire. The study had positive conclusions including an AA rating for carbon intensity for...

3 weeks, 5 days ago

2 min read