Union Jack Oil (GB:UJO) has released an update.
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Union Jack Oil has reported a successful operational period for its Wressle hydrocarbon development, with production surpassing expectations and yielding net revenues exceeding US$19 million. The company is preparing to further enhance production and revenue through planned drilling of additional wells and development of gas export facilities, pending regulatory approval. Shareholders can anticipate the announcement of a dividend in May, following the release of the company’s audited results for 2023.
For further insights into GB:UJO stock, check out TipRanks’ Stock Analysis page.
