Market Abuse Regulation (MAR) Disclosure
Certain 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
16 April 2019
Union Jack Oil plc
("Union Jack" or the "Company")
Sale of 7.5% Interest in PEDL143 (Holmwood) to
Union Jack Oil plc (AIM:UJO), a
The aggregate purchase price by UKOG for the Licence Interest is
A further announcement will be made on completion.
David Bramhill, Executive Chairman of Union Jack commented:
"Union Jack's strategy is to focus on what we consider to be near term drilling and production opportunities in the
"Our modest investment in Holmwood was made with a view to capitalising on the increasing activity within the Weald Basin.
"This agreement allows Union Jack to now concentrate totally on our focused areas of the
"Payment in UKOG shares allows Union Jack to not only benefit from UKOG's increased interest in Holmwood, but also exposure to UKOG's wider Weald Basin assets and other projects."
For further information, please contact:
Union Jack Oil plc |
+44 (0)7787 160 682 |
David Bramhill |
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SP Angel Corporate Finance LLP |
+44 (0)20 3470 0470 |
Nominated Adviser |
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Lindsay Mair |
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Richard Hail |
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Cassiopeia Services Ltd |
+44 (0)7949 690 338 |
Public Relations |
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Stefania Barbaglio |
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