Union Jack Oil (GB:UJO) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Union Jack Oil PLC has announced a successful expansion into the U.S. market with Andrews 2-17 well declared a commercial discovery and the acquisition of a 45% interest in upcoming drilling programs at Taylor and Moccasin wells. The company has seen significant oil and gas production from the Andrews wells and is now aiming to optimize production rates. Financing for these developments has been sourced from the company’s existing cash reserves, indicating a solid financial position.
For further insights into GB:UJO stock, check out TipRanks’ Stock Analysis page.
