Audio Interviews

Union Jack Oil Plc – DLC

10 Apr 2015 | by: Patricia Miller

Union Jack Oil is a junior company which invests strategically within the UK Onshore Oil & Gas space, during the last year the company has raised and traded at a significant premium to today’s share price. Whilst I believe we should be cautious toward Oil & Gas plays with the spot price so low, we have to understand the low economic uplift costs UK Onshore presents. Union Jack Oil, as with many O&G onshore UK, are able to secrete a barrel of oil competitively $12-15p/bl, with the newly found buzz and momentum from Horse hill circulating coupled to a tidy set of recent updates and advances from within the UK Onshore particularly Union Jack Oil, I felt compelled to catch up with David Bramhill of UJO.

  • Low uplift costs, thus making extremely cheap (economical) to produce
  • An exciting period for the UK Onshore Oil & Gas space, with recent high impact news developments from HH
  • Cash heavy company with a strong management team who are looking at potential asset / acquisitions
  • Field development plan and potential reserve upgrade post testing period ending – Confirmation yet to come
  • Initial encouraging signs from Wressle without down hole pumps or stimulation (encouragement)

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This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

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