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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Union Jack Oil Plc | LSE:UJO | London | Ordinary Share | GB00BLH1S316 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.00 | -7.92% | 23.25 | 23.00 | 23.50 | 25.25 | 23.25 | 25.25 | 903,934 | 15:54:22 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Oil And Gas Field Expl Svcs | 8.51M | 3.61M | 0.0320 | 7.27 | 26.21M |
From Apr 2019 to Apr 2024
TIDMUJO
RNS Number : 6417T
Union Jack Oil PLC
15 November 2019
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement
15 November 2019
Union Jack Oil plc
("Union Jack" or the "Company")
Response to Market Speculation
Union Jack Oil plc (AIM: UJO), a UK focused onshore conventional hydrocarbon production, development and exploration company, notes recent market speculation relating to a potential fundraising, pursuant to an equity placing with certain existing and new investors.
The Company confirms that it is in the process of taking market soundings from investors in regard to an equity placing of up to GBP5 million. It is intended that the majority of the proceeds will be used to fund further drilling activity at the Company's flagship asset, West Newton, including one vertical well and one horizontal well, and acquire and reprocess new seismic data at West Newton. A portion of the proceeds may also be allocated to drill a new side-track well at Biscathorpe.
Further announcements will be made in due course.
For further information, please contact:
Union Jack Oil plc +44 (0)7801 540 358 David Bramhill SP Angel Corporate Finance LLP +44 (0)20 3470 0470 Nominated Adviser and Broker Richard Morrison Richard Hail Stephen Wong Blytheweigh Communications Limited +44 (0)20 7138 3204 Financial PR Tim Blythe Megan Ray Jane Lenton Cassiopeia Services Ltd +44 (0)7949 690 338 Public Relations Stefania Barbaglio
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
RSPEAKFSFDFNFFF
(END) Dow Jones Newswires
November 15, 2019 11:33 ET (16:33 GMT)
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