Today’s guest on the ValueTheMarkets podcast is David Bramhill, Executive Chairman of Union Jack oil (LSE:UJO)
Union Jack has a substantial portfolio of assets and licenses spanning the UK and the last few months have been dominated with excitement surrounding the West Newton A-2 appraisal well, with initial results exceeding expectations. West Newton has a best estimate of 189 BcF of contingent gas equivalent which David says would be ‘transformational’ for the company. The firm raised £2.25m in a placing in late June and extended testing of the A-2 well will commence later this year.
All opinions expressed are those of ValueTheMarkets and the respective guests unless otherwise stated and should not be construed as investment advice or a recommendation to buy shares in any featured Company. Listeners are advised to do their own extensive research before buying shares which, as with all small-cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of a qualified investment adviser or stockbroker as they deem appropriate.
