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In Brief:
Union Jack Oil* (LON:UJO – 0.17p) – $4.9mm – $33.6mm (0.11p – 0.74p) – A Bigger Slice of Wressle
In Brief
Union Jack Oil* (LON:UJO – 0.17p) – $4.9mm – $33.6mm (0.11p – 0.74p) – A Bigger Slice of Wressle: Todays news that the Company has completed the acquisition of an additional 3.34% interest in PEDL180 and PEDL182 for ~$0.75mm, and provides the Company with access to cash flows (once the field is commissioned), which in turn provides it with greater flexibility. The valuation remains $33.6mm (0.74p), of which $4.9mm (0.11p) is core.