It is that time of year when the lull in real business action for the festive period gives many people the time to pause and reflect on what has been achieved or what is in the pipeline. It is the time for predictions and reports.
One such report that hit my desk recently was the annual survey published by Deloitte and Oil and Gas UK, and the central theme was a topic that has been a staple of the event calendar this year, namely collaboration.
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.
