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Pin to quick picksUnion Jack Share News (UJO)

Share Price Information for Union Jack (UJO)

London Stock Exchange
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Share Price: 23.50
Bid: 23.00
Ask: 24.00
Change: 0.25 (1.08%)
Spread: 1.00 (4.348%)
Open: 23.25
High: 23.50
Low: 23.25
Prev. Close: 23.25
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AIM WINNERS & LOSERS: Zoltav falls amid warning over future on AIM

Mon, 04th Oct 2021 10:58

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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AIM - WINNERS

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Aura Energy Ltd, up 20% at 13.36 pence, 12-month change 2.13p-23p. Trading on Australian Securities Exchange halted pending release of an announcement relating to "finalisation of an offtake agreement". Share trading on AIM continues.

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Falanx Group Ltd, up 19% at 1.25p, 12-month range 0.51p-2.0p. Launches new cyber security assessment tool, Falanx: Cyber Exposure Level. It is sold on a subscription basis and is expected to generate "high quality" recurring revenue. "Various large channel partners have already expressed their interest in deploying this into their customer bases. Consequently, the board believes that there is potential for growth, not only from sales of f:CEL itself, but also through incremental follow-on sales of cyber security services such as monitoring and penetration testing," it says.

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Reabold Resources PLC, up 16% at 0.221p, 12-month range 0.15p-0.87p. Extends gains after 19% rally on Friday. Planning permission has been refused to enlarge its oil and gas drilling site in Yorkshire, but operator Rathlin Energy UK Ltd believes there is "strong basis for a successful appeal". The East Riding of Yorkshire Council Planning Committee rejected an application for the West Newton A well site expansion, which was refused by a narrow margin. Reabold holds a majority interest in Rathlin, the operator of the asset and majority shareholder in the project. Union Jack Oil also holds a minority stake. Union Jack shares are down 2.0%, having lost 1.9% on Friday.

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AIM - LOSERS

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Zoltav Resources Inc, down 31% at 23.55p, 12-month range 15p-60.99p. The Russia-focused oil and gas company says subsidiary Diall Alliance LLC enters into two non-revolving credit facilities with PJSC Sberbank of Russia. Financing has conditions restricting intra group transfers and cash outflows from Zoltav's main operating subsidiary, Diall. As such, says it needs to cut costs and it may be "challenging" to maintain its licence obligations with regards to the Koltogor Licences, its offshore corporate structure, and the listing of shares on AIM. "The board and management will conduct a thorough and comprehensive analysis of alternative options...However, given the company has for some time been unable to attract either public or bank finance, it is likely that the company will be unable to maintain the listing of its ordinary shares on AIM beyond the next few months," it says.

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Quadrise Fuels International PLC, down 10% at 3.55p, 12-month range 1.61p-6.66p. For financial year to June 30, the residual oil technology licensor records revenue of GBP17,000 versus none a year before, while pretax loss slims to GBP4.4 million from GBP5.0 million. Says that it has the resources in place to reach forecast sustainable commercial revenue in the first quarter of 2023. Anne Crow, director at Edison Group, notes that management's estimated timescale for commercial revenue has "slipped from July 2022 to CY Q123".

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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IN BRIEF: Union Jack Oil swings to profit; says future looks "bright"

Union Jack Oil PLC - UK-focused hydrocarbon production, development and exploration company - Swings to a pretax profit in 2022 as its full-year revenue multiplies. Pretax profit in the year swings to GBP3.1 million from a loss of GBP853,013 the year prior. Revenue multiplies to GBP8.5 million from USD1.9 million in 2021. Explains this increase was mainly due to elevated cash flow from its Wressle project, as well as "robust" oil prices and increased hydrocarbon production in the year. Declares an interim dividend of 0.3 pence per share. Looking forward, Executive Chair David Bramhill says the company will remain focused on the development of its flagship projects, Wressle and West Newton, moving forward. "The future of Union Jack remains bright," he adds.

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TRADING UPDATES: Datalex renews partnership; Live Co sells tours

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10 May 2023 13:14

Union Jack Oil achieves $15m revenue landmark from Wressle

(Sharecast News) - Union Jack Oil announced on Wednesday that it has achieved material landmark net revenues of over $15m from the Wressle hydrocarbon development, located within licences PEDL180 and PEDL182 in North Lincolnshire, on the western margin of the Humber Basin.

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Union Jack Oil disposes of interest on Claymore Area royalty

(Sharecast News) - UK-focussed onshore hydrocarbon producer, developer and explorer Union Jack Oil updated the market on the sale of its interest in the Claymore Area royalty agreement on Thursday.

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TRADING UPDATES: Eqtec wins French contract, Union Jack revenue boost

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday not separately reported by Alliance News:

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27 Mar 2023 15:07

Union Jack Oil reaches $14m revenue at Wressle

(Sharecast News) - Union Jack Oil, a UK onshore hydrocarbon producer, developer, and explorer, announced a significant milestone on Monday, with revenues exceeding $14m from the Wressle development in North Lincolnshire.

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6 Feb 2023 14:06

IN BRIEF: Union Jack Oil touts "landmark" revenue at Wressle project

Union Jack Oil PLC - Bath, England-based oil and gas company - Notes landmark revenue of USD13.0 million from the Wressle hydrocarbon development, since the re-commencement of production on August 19, 2021. Wressle is located within licences PEDL180 and PEDL182 in North Lincolnshire, England on the western margin of the Humber Basin. The well continues to produce under natural flow with zero water cut, with site upgrades including installation of microturbines and associated equipment ongoing.

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TRADING UPDATES: Genel Energy likes high oil price; Cooks Coffee grows

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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4 Jan 2023 15:51

Union Jack reaches $12m in Wressle revenues since restart

(Sharecast News) - UK-focussed onshore hydrocarbon explorer, developer and producer Union Jack Oil announced on Wednesday that material landmark net revenues of $12m have been achieved from the Wressle development, within licences PEDL180 and PEDL182 in North Lincolnshire, on the western margin of the Humber Basin.

Read more

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