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Union Jack Oil sees 'game-changing upside' in Biscathorpe after upping stake

David Bramhill, executive chairman of Union Jack Oil PLC (LON:UJO) tells Proactive the company's increased its stake in the drill-ready Biscathorpe prospect ahead of an exploration well in mid-2018.

The deal was agreed in tandem with Humber Oil & Gas, a private company, which is teaming up with Union Jack through a new commercial tie-up focused on acquisitions.

Quick facts: Union Jack Oil PLC

Price: 0.158 GBX

AIM:UJO
Market: AIM
Market Cap: £31.31 m
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Sigh of relief from Union Jack Oil after Wressle re-submission

David Bramhill, executive chairman of Union Jack Oil PLC (LON:UJO), talks to Proactive's Andrew Scott after Egdon Resources Plc (LON:EDR), the operator of the Wressle project in which UJO and Europa Oil & Gas PLC (LON:EOG) have stakes, submitted a new planning application for the...

on 9/7/18

2 min read