Union Jack Oil Plc (LON:UJO) Executive Chairman David Bramhill talks to DirectorsTalk about the acquisition of a 7.5% economic interest in PEDL143 within the Weald Basin. David explains the logic behind the deal, the highlights, the criteria when considering and what investors should be looking out for in news flow over the coming months.
Union Jack Oil plc is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector listed on the London Stock Exchange AIM market. Their strategy is the rapid appraisal and exploitation of the assets currently owned. Simultaneous with this process, the Company’s management expect to continue to use their expertise to acquire further licence interests over areas where there is a short lead time between the acquisition of the interest and either exploration drilling or initial production from any oil or gas fields that may be discovered.
