Union Jack Oil Reports Strong Half-Year Growth

Union Jack Oil (GB:UJO) has released an update.

Union Jack Oil PLC reports a robust half-year financial performance for 2024, recording a net profit of £788,996 and remaining debt-free, with significant growth from its UK and USA operations. The company’s Wressle project received planning consent for further development, which along with other projects like the Andrews field discovery and Rogers project acquisition in the USA, positions Union Jack for potential exceptional growth. Shareholders were rewarded with a dividend post the reported period, highlighting the company’s confidence in sustained profitability and expansion.

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