Today’s guest on the ValueTheMarkets podcast is David Bramhill, Executive Chairman of Union Jack oil (LSE:UJO)

 

Union Jack has a substantial portfolio of assets and licenses spanning the UK and the last few months have been dominated with excitement surrounding the West Newton A-2 appraisal well, with initial results exceeding expectations. West Newton has a best estimate of 189 BcF of contingent gas equivalent which David says would be ‘transformational’ for the company. The firm raised £2.25m in a placing in late June and extended testing of the A-2 well will commence later this year.

Disclosure: The author does not own shares in the company mentioned above.  The author was not paid for this piece

 

All opinions expressed are those of ValueTheMarkets and the respective guests unless otherwise stated and should not be construed as investment advice or a recommendation to buy shares in any featured Company. Listeners are advised to do their own extensive research before buying shares which, as with all small-cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of a qualified investment adviser or stockbroker as they deem appropriate.