Ujo start up or just after30 Jan 2025 09:01
Anyone remember reading this explorer not a driller
Cash balance in excess of £2.0 million as at 30 April 2017
· £700,000 before expenses raised in September 2016 to further expand the Company's asset portfolio
· The Company remains debt free
David Bramhill, Executive Chairman, commented: "2016 was a year that your Board regards as one of solid progress where our Company made significant headway in the face of the continuing low oil price and volatile stock markets. Noteworthy were value adding transactions and operating events that resulted in an expansion of our portfolio of licence interests, transforming the status of Union Jack from a pure exploration company into one with actual oil and gas reserves.
I am enthusiastic in respect of the year ahead and I look forward to reporting progress with our projects and new acquisitions during 2017 and beyond."