(AIM: UJO)
Completion of Acquisition of Interest in PEDL005(R) Incorporating the Keddington Oilfield
Further to the announcement of
Following completion of the Acquisition the interests in PEDL005(R) are now:
|
Keddington Oilfield |
PEDL005(R) Excluding Keddington |
|
45% |
65% |
|
10% |
10% |
|
35% |
15% |
|
10% |
10% |
"We are pleased to complete the acquisition of our interest in Keddington, in line with our strategy to move from a pure exploration company to a production company. The Board believes Keddington, which is currently in production, provides Union Jack with the opportunity to be involved in a relatively low-risk oil production and development play with significant upside potential."
For further information please contact the following:
|
+44 (0) 77871 60682 |
Shore Capital Nominated Adviser Bidhi Bhoma Corporate Broking
|
+44 (0) 20 7408 4090 |
SP Angel
|
+44 (0) 20 3470 0470 |
Public Relations
|
+44 (0)7768 537 739
|
This information is provided by RNS