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An update from Union Jack Oil ( (GB:UJO) ) is now available.
Union Jack Oil plc announced a positive update on its Moccasin 1-13 well in Oklahoma, where it holds a 45% working interest. The well has been drilled to a depth of 5,690 feet, and several zones of interest have been identified. The company is financially stable, having covered all major costs, and looks forward to the potential impact of the Moccasin evaluation, which could significantly influence its growth strategy. The company’s operations in both the UK and USA, including revenues from the Wressle project and US mineral royalties, position it strongly for future growth.
More about Union Jack Oil
Union Jack Oil plc is a hydrocarbon production, development, exploration, and investment company with a focus on onshore operations in the USA and UK. The company holds significant interests in various projects, notably in the Wressle field in the UK and the Moccasin well in Oklahoma, USA, and is engaged in generating material revenues from these operations.
YTD Price Performance: 11.35%
Average Trading Volume: 262,621
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £11.99M
For an in-depth examination of UJO stock, go to TipRanks’ Stock Analysis page.
