10 Sep 2020 13:48
Market Abuse Regulation (MAR) DisclosureCertain 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
10 September 2020
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. Union Jack is funded for drilling at West Newton and for the associated extended well test activity, and to first oil production at the Wressle development expected in Q4 2020, and it is intended that the proceeds of any such fundraising will principally be used to continue to fund the Company's flagship and other projects, and additional opportunities.
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 | |
Caroline Rowe | |
Cassiopeia Services Ltd | +44 (0)7949 690 338 |
Public Relations | |
Stefania Barbaglio |
Union Jack (UJO)