Union Jack Oil appoint Shore Capital as joint broker

Union Jack Oil plc (LON:UJO) a UK focused onshore hydrocarbon production, development and exploration company has announced the appointment of Shore Capital as Joint Broker to the Company, with immediate effect.

SP Angel will continue as Nominated Adviser and as Joint Broker to Union Jack.

Executive Chairman of Union Jack commented: “Following a period of strong growth, which has transformed Union Jack into a cash generative producer with a robust balance sheet and no debt, we are delighted to add Shore Capital to our roster of advisers.
“Shore Capital enjoys a strong reputation in the AIM E&P sector and we are confident that this appointment will enhance and broaden Union Jack’s profile amongst institutional investors in particular.”

Share on:

You might also enjoy reading Unlocking untapped potential in American energy

Written by: Giles

Find more news, interviews, share price & company profile here for:
Union Jack Oil

Latest Company News

Union Jack Oil confirms spudding of Sark well in Oklahoma

Union Jack Oil has confirmed that the Sark well in Central Oklahoma has been spudded, with the company holding a 60% interest. The well is operated by Reach Oil and Gas Inc., and follows the recent success of the producing Moccasin well.

Union Jack Oil director increases shareholding

Union Jack Oil Non-Executive Director Craig Howie has acquired 122,000 shares at 5.075 pence each, raising his total holding to 3,377,000 shares, representing 2.21% of the company’s issued share capital.

Union Jack Oil explores Bitcoin mining to monetise West Newton gas

Union Jack Oil has announced early-stage plans to monetise gas from its West Newton discovery by powering on-site Bitcoin mining operations. A non-binding LOI has been signed with Texas-based 360 Energy to develop a gas-to-crypto solution, aiming to generate near-term revenue while full field development progresses.

Union Jack Oil calls General Meeting to approve fundraising warrants

Union Jack Oil has scheduled a General Meeting for 26 August 2025 to seek shareholder approval for the issue of warrants linked to its recent fundraising. The meeting will be held at The Bristol Hotel, with full details available on the company’s website.

Union Jack Oil raises £2m to fund three-well Oklahoma programme

Union Jack Oil has raised £2 million via a placing and subscription of 40,000,000 new shares at 5p, with one 8p warrant per share subject to shareholder approval. Proceeds will fund a three-well Oklahoma drilling programme costing about US\$3 million. Admission is expected on 29 July 2025, leaving 146,565,896 voting shares.

Union Jack Oil to acquire 60% stake in Sark well, Central Oklahoma

Union Jack Oil has signed a farm-in agreement with Reach Oil and Gas to acquire a 60% working interest, paying 80%, in the Sark well planned for drilling in early Q3 2025 in Central Oklahoma, USA.