Union Jack Oil plc has said it planned to consolidate its share capital to avoid price volatility, increase liquidity and to enhance the perception of the company. The company’s proposals include consolidating the existing ordinary shares in issue so that every 200 existing ordinary shares will be consolidated into one consolidated ordinary share. Union Jack […]
Tag: Union Jack Oil plc
Union Jack increases stake in Biscathorpe for £1m
Union Jack Oil plc (UJO) today said it now held 45% interest in the Biscathorpe joint venture project PEDL253 after buying a 15% stake from Humber Oil & Gas for £1 million. TERMS Other shareholders of the licence include operator Egdon Resources UK Ltd with 35.8% and Montrose Industries Ltd 19.2%. UJO will pay £500,000 […]