Union Jack Oil Announces Wressle Success and Upcoming Dividend
Company Announcements

Union Jack Oil Announces Wressle Success and Upcoming Dividend

Union Jack Oil (GB:UJO) has released an update.

Union Jack Oil has reported a successful operational period for its Wressle hydrocarbon development, with production surpassing expectations and yielding net revenues exceeding US$19 million. The company is preparing to further enhance production and revenue through planned drilling of additional wells and development of gas export facilities, pending regulatory approval. Shareholders can anticipate the announcement of a dividend in May, following the release of the company’s audited results for 2023.

For further insights into GB:UJO stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskUnion Jack Oil Faces Setback in Wressle Development
TipRanks UK Auto-Generated NewsdeskUnion Jack Oil Expands U.S. Operations with New Well
TipRanks UK Auto-Generated NewsdeskUnion Jack Oil Faces Legal Challenge at Wressle Site
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App