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Alan Green talks to David Bramhill, Executive Chairman at Union Jack Oil (AIM: UJO), a company engaged in onshore hydrocarbon production and development in the UK.
David discusses progress at key projects including West Newton, Wressle, Biscathorpe and Keddington before we look at the acquisition of the Piper Complex Royalty Units from Cambridge Petroleum announced today.
David discuses the recent share consolidation before we take a look at the what the year ahead holds for Union Jack Oil.
Alan Green talks to David Bramhill, Executive Chairman at Union Jack Oil (AIM: UJO), a company engaged in onshore hydrocarbon production and development in the UK. David discusses key projects including Wressle and the additional stake acquisition which takes the UJO stake to 45.5%. He also discusses West Newton and Biscathorpe, and with over £5m in the company kitty, he provides a bullish outlook for the oil price. David looks at value inflection points for the company as we emerge from the COVID crisis, and provides key takeaway points for investors.
A lot can be gained from talking to any CEO, Directors of AIM Oil & Gas listed companies to see if they really do have an understanding of the Industry. Having worked in the game myself all my career, it is very hard to try and play lip services to an experienced industry guy.
Having talked to David Bramhill, Executive Chairman of Union Jack Oil (LON: UJO) on various occasions about UJO and his personal background in the industry. We know he has directed and managed several energy companies, OilQuest Resources plc, subsequently acquired by EnCore Oil plc. Executive director of Nighthawk Energy plc and a non-executive chairman of Wessex Exploration plc.