RE: $9m26 Aug 2022 08:05
The very proud........
'Executive Chairman of Union Jack, David Bramhill, commented: "The revenues of in-excess of US$9,000,000 from the Wressle development continue to have a positive impact on the Company's Balance Sheet.
"Since the last production update published during July 2022, another impressive production performance from the Wressle-1 well has been recorded and the trend remains positive.
"Cash balances are expanding significantly on a monthly basis, and we are funded for G&A, OPEX and contracted or planned CAPEX costs, including any drilling activities for at least the next 12 months.
"We look forward to reporting a positive set of Half Yearly Results for the period ending 30 June 2022, recording a maiden profit, in mid-September 2022."