Union Jack Oil ‘has all the right ingredients for a highly positive 2020’ – David Bramhill

Union Jack Oil ‘has all the right ingredients for a highly positive 2020’ – David Bramhill

Union Jack Oil PLC’s (LON:UJO) David Bramhill tells Proactive London’s Andrew Scott they’re fully funded for all its current drilling and well testing commitments.

He says they had £5.5mln cash in the bank at the start of May and remains debt-free.

Bramhill is confident the company can achieve its goal of increasing production ‘materially’ and become what he describes as a significant mid-tier UK onshore producer in the medium term.

Published at Mon, 11 May 2020 08:20:00 +0000-Union Jack Oil ‘has all the right ingredients for a highly positive 2020’ – David Bramhill