Today’s guest on the ValueTheMarkets podcast is David Bramhill, Executive Chairman of Union Jack oil (LSE:UJO)
Union Jack has a substantial portfolio of assets and licenses spanning the UK and the last few months have been dominated with excitement surrounding the West Newton A-2 appraisal well, with initial results exceeding expectations. West Newton has a best estimate of 189 BcF of contingent gas equivalent which David says would be ‘transformational’ for the company. The firm raised £2.25m in a placing in late June and extended testing of the A-2 well will commence later this year.
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