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Union Jack Oil

Localisation is key to meeting oil and gas supply chain export targets

Contrary to what many believe, the success or failure of launching a new overseas venture  or the reboot of an existing one is rarely due to lack of market demand or because of a poor quality product or service. It lies in the planning stages and the point at which a firm selects the local partner it will work with.

The Middle East, for example, is a vibrant and exciting region. But it has an entirely different approach and culture when it comes to commercial transactions one that can be a minefield for those who have not experienced it before.

 

Union Jack Oil (LON:UJO), The directors believe that significant opportunities exist to invest in, or acquire, a company or companies or businesses or assets in the hydrocarbon sector.
The investment strategy will have a heavy emphasis on acquiring late stage exploration projects where planning consent has been approved for drilling wells and to acquire minority production working interests onshore and/or offshore in the UK.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.