Union Jack Investment Summary
• Low-risk onshore strategy focused on conventional drill-ready projects and value creation
• Balanced portfolio of production, development, appraisal and exploration projects
• Portfolio activity generates near-term news flow and value drivers
• The West Newton appraisal programme is poised to deliver a major onshore hydrocarbon development
• Significant upgraded volumetrics on West Newton project
• Biscathorpe Westphalian prospect remains untested, sidetrack well planned
• Wressle discovery anticipated to provide material cash flow during H2 2020
• Three major projects positioned to deliver growth in reserves, production and asset value
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.