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Union Jack - Wressle knockback, market over-reacts: buy

By HotStockRockets | Sunday 29 January 2017


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Union Jack (UJO) announced a couple of weeks ago that the planning committee at North Lincolnshire County Council had served up an adverse ruling in respect of the development of the Wressle Oil Field in North Lincolnshire licences PEDL180 and PEDL182. Union Jack holds an 11.67% stake in both licenses.


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