The UK government will keep oil and gas taxes at their current level to support the industry and help the oil and gas industry continue its recovery from the 2014 oil price crash, also to protect jobs, and ensure the UK is attractive for new investment, whilst giving the nation a fair return for its natural resources.
Union Jack Oil (LON:UJO), The directors believe that significant opportunities exist to invest in, or acquire, a company or companies or businesses or assets in the hydrocarbon sector.
The investment strategy will have a heavy emphasis on acquiring late stage exploration projects where planning consent has been approved for drilling wells and to acquire minority production working interests onshore and/or offshore in the UK.
