With production at a flagship field soaring as it becomes clear the energy supply crisis will be with us for some time to come, UK focused onshore oil and gas production, development and exploration company Union Jack Oil is well positioned to take advantage of Britain’s continued – and immediate – need for fossil fuels.
Full speed ahead at Wressle
UJO has holdings in a cluster of producing and exploratory assets around the Humber, a key UK energy hub, home to a web of world-scale chemical and energy operations, and nearly a third of Britain’s oil refinery capacity. It has significant stakes in several assets operated by exploration and production independent Egdon Resources (EDR:LON), the most lucrative being a 40pc interest in the PEDL180 and PEDL182 fields at Wressle, on-trend with the producing Crosby Warren oilfield and the Broughton B-1 and Brigg-1 oil discoveries.
Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.
