Union Jack Oil plc (AIM: UJO), a UK-based onshore hydrocarbon production, development, and exploration company, has announced a strategic farm-in agreement with Reach Oil & Gas Company Inc (“Reach”) to acquire a 45% working interest in the upcoming drilling of the Andrews-1 well. This venture, aimed to test the West Bowlegs Prospect located in Seminole […]
In a major development signaling its growth strategy, Union Jack Oil plc (AIM: UJO) announces its investment in Beacon Energy plc (AIM: BCE). The investment represents a strategic addition to Union Jack’s portfolio, with the UK-based company acquiring 3.22% of Beacon’s issued share capital. This comes on the heels of Beacon’s successful recent fundraise. Union […]
