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Union Jack Oil remains bullish on prospects for Wressle well after strong 2022 performance

Union Jack Oil PLC executive chair David Bramhill joined Proactive's Stephen Gunnion with details of the company's annual results for 2022, which revealed oil revenues up by 340% and profits of £3.6 million. Bramhill highlighted the impressive performance of the Wressle well, which has shown no signs of decline and maintains significant untapped potential. He also touched on the sale of its non-core 2.5% interest in the Claymore Area Royalty Agreement, for an 'above average return' on its original investment.

Contact Details

Proactive UK Ltd

Proactive UK Ltd

+44 20 7989 0813

uk@proactiveinvestors.com

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