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An announcement from Union Jack Oil ( (GB:UJO) ) is now available.
Union Jack Oil plc announced the withdrawal of its planning appeal for a side-track drilling operation and oilfield development at Biscathorpe, part of PEDL253, due to commercial considerations, regulatory uncertainty, and strengthened legislative duties. This decision reflects the company’s adaptation to changing macro-economic conditions and aligns with its broader objectives, including future projects in Wressle and Oklahoma.
More about Union Jack Oil
Union Jack Oil plc is a company focused on onshore hydrocarbon production, development, exploration, and investment, with operations in the UK and USA.
Average Trading Volume: 582,606
Technical Sentiment Signal: Sell
Current Market Cap: £4.03M
Learn more about UJO stock on TipRanks’ Stock Analysis page.