Union Jack Oil (LSE:UJO)
One pint sized AIM listed stock is positioning itself as a highly efficient and productive oil company operating exclusively onshore UK.
Currently capped at less than £6 million, it’s got near term production coming online next quarter, giving the company material cash flows.
With £2 million in the bank and no debt, this company is now fully funded for its upcoming drilling and testing programmes.
Beyond near term production, this AIM listed company has seven projects spread across two regions of the UK, and with 3 exploration wells planned for 2017; there is likely to be plenty of newsflow and share price catalysts to come.
The company has an overarching plan to use the proceeds from this upcoming production well to springboard into drilling across a number of exploration opportunities, all conventional onshore UK assets.
Brexit has cast serious doubts relating to the UK’s long-term energy security and raised the possibility of the UK having to source more of its energy from home.
As the UK political brains-trust pushes through with disentangling the UK from Europe, positioning yourself as a highly efficient and productive oil company operating exclusively onshore UK could in hindsight prove to be a masterstroke strategic manoeuvre.
The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
This AIM listed stock is looking to build its own British empire and the combination of near term production and follow-on development opportunities could see it forge its own expansion over the coming weeks and months.
UJO on Track to Drill Two Fully Funded Conventional Wells in 2017
Mar 20, 2017
Oil exploration, as well as oil production, is all about timing. Drilling for a productive source of crude oil requires extensive preparation, sifting through geological assessments and as many oil sector investors also know, a bit of luck.
Related Union Jack Oil (LSE:UJO) articles
CPH Gets Green Light to Distribute its Innovative CBD Based Nutraceutical Products in the UK
Jan 18, 2018