13 years of zioch3 Jul 2022 14:35
Union Jack was incorporated on 18 January 2011 and was admitted to the ISDX Growth Market on 20 December 2012. Since February 2013, Union Jack has farmed into four Licences onshore UK.
The Board considers that the UK, with its stable economy, well regulated hydrocarbon market and established licensing system is an attractive country for direct investment in hydrocarbon projects, both onshore and offshore. The Board's strategy is to:
• build a conventional production and exploration company, primarily onshore UK;
• develop a portfolio of drill-ready exploration assets which provide significant potential upside;
• maintain a low cost base with a focus on shareholder value; and
• consider, where appropriate, offshore ventures in the North Sea and Ireland.