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Union Jack Oil

What’s the future for UK oil industry after Brexit?

There seems to be an acceptance – or sense of resignation – that the sector is simply “along for the ride”, and will wait for an outcome before making concrete plans.

But whatever shape Brexit takes, the overriding feeling is that the UK oil and gas industry is sophisticated and global enough in its approach to clear most hurdles without too much fuss.

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.