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Union Jack Oil Says Second Requisition Notice Withdrawn Before Market Open

Story Highlights
  • Union Jack Oil deemed a second requisition notice from ex-director Craig Howie invalid after legal review.
  • The requisition was withdrawn before market open, making related media reports premature and limiting governance impact.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Union Jack Oil Says Second Requisition Notice Withdrawn Before Market Open

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The latest update is out from Union Jack Oil ( (GB:UJO) ).

Union Jack Oil has disclosed that it received a second purported requisition notice for a general meeting from former director Craig Howie, which, after legal review, the board deemed invalid. The company further reported that Howie formally withdrew the notice before the market opened on 20 January 2026, rendering subsequent media commentary about the requisition premature and limiting any immediate governance or strategic implications for shareholders.

The most recent analyst rating on (GB:UJO) stock is a Hold with a £3.00 price target. To see the full list of analyst forecasts on Union Jack Oil stock, see the GB:UJO Stock Forecast page.

Spark’s Take on GB:UJO Stock

According to Spark, TipRanks’ AI Analyst, GB:UJO is a Neutral.

The score is primarily supported by a strong, low-risk balance sheet (zero debt) and sustained profitability since 2022, but is held back by the recent deterioration in operating profitability and persistently negative/volatile free cash flow. Technicals further weigh on the score due to a pronounced downtrend and negative momentum, while valuation signals are weak/unclear given the negative P/E and no stated dividend yield.

To see Spark’s full report on GB:UJO stock, click here.

More about Union Jack Oil

Union Jack Oil plc is a UK-based oil and gas exploration and production company listed on AIM and OTCQB, focused on developing and investing in onshore hydrocarbon assets.

Average Trading Volume: 668,253

Technical Sentiment Signal: Sell

Current Market Cap: £4.1M

See more data about UJO stock on TipRanks’ Stock Analysis page.

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