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Union Jack Oil ( (GB:UJO) ) just unveiled an update.
Union Jack Oil plc announced its unaudited results for the first half of 2025, reporting a gross profit of £454,401 but an operating loss of £489,674, attributed to declining oil prices and a weakening US dollar against Sterling. Despite these challenges, the company remains debt-free and financially robust, with successful drilling activities in Oklahoma and ongoing upgrades at its UK sites, including the Wressle production site. The company raised £2,000,000 through institutional share placing to fund its drilling program in Oklahoma, indicating a strategic focus on expanding production and development in both the UK and USA.
More about Union Jack Oil
Union Jack Oil plc is a company focused on onshore oil and gas production, development, and exploration, with operations primarily in the USA and UK. The company maintains a balanced portfolio of production assets and is engaged in various drilling and development projects across both regions.
Average Trading Volume: 713,570
Technical Sentiment Signal: Sell
Current Market Cap: £7.11M
For detailed information about UJO stock, go to TipRanks’ Stock Analysis page.