Union Jack Oil sees early success in US ventures

Proactive - Interviews for investors

Union Jack Oil PLC (AIM:UJO, OTCQB:UJOGF) executive chairman David Bramhill takes Proactive's Stephen Gunnion through the significant strides in expanding its portfolio, particularly focusing on its US assets. Bramhill highlighted the commercial success achieved in the Andrews 1 well, where over 6,500 barrels of oil have already been sold. He emphasised the speed and efficiency of operations in the U.S., contrasting it with the slower processes in the UK. The conversation also covered the company's strong UK asset base, particularly Wressle, which continues to generate substantial cash flow. Bramhill pointed out the added value of UK assets due to the limited issuance of new licenses. Further, he detailed the ongoing diversification in the US, mentioning the successful drilling in the Andrews field and the optimistic outlook for upcoming wells, including Taylor, Moccasin, and Diana-1. Despite challenges such as increased taxation in the UK, Bramhill expressed confidence in the company's financial position and future prospects. Bramhill also discussed Union Jack Oil’s recent listing on the OTCQB market and the steps being taken to engage with US investors. Visit Proactive’s YouTube channel for more insights into Union Jack Oil’s developments, and don't forget to like, subscribe, and enable notifications for future updates. #UnionJackOil #USAssets #OilIndustry #EnergySector #DavidBramhill #OilProduction #InvestmentOpportunities #ProactiveInvestors #EnergyNews #OTCQB #ProactiveInvestors #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews