Union Jack Oil CEO Bramhill discusses diversification plans, profit focus, and Wressle success

Bramhill talks about Chevron with its $286 billion market cap becoming a neighbour. He also talks about his company’s share price coming under pressure, hence the diversification into the States and Oklahoma, which he considers a safe bet particularly as drilling is inexpensive compared to home and there’s a 75% chance of success on the earmarked well. “We have to have some cash flow. All I’m interested in is profit.” Not that Union Jack Oil is under financial pressure in the U.K. which Bramhill says has been very good to the company. The ‘cash cow’ Wressle remains so having given the company revenue of £19 million since 2021.


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.
Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn
Union Jack Oil

More articles like this

Union Jack Oil

Oil prices rise amid sanctions reversal

Oil markets remain resilient amid geopolitical tensions. Prices edged up on Monday despite supply concerns, with Brent crude reaching $78.88 a barrel.

Union Jack Oil

Oil markets edge up as investors weigh China’s growth promise

Oil prices gained modest ground as 2025 began, reflecting cautious optimism among investors analysing China’s economic outlook and fuel demand. A commitment from Chinese President Xi Jinping to implement growth-focused policies has prompted speculation about potential