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Union Jack Oil – equity raise, though for a farm-in which adds to material potential catalysts; Buy

By HotStockRockets | Saturday 6 October 2018


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 Oil (UJO) is “pleased to announce that the company has agreed terms… on a proposed farm-in for a 16.667% licence interest in PEDL183… located onshore UK in East Yorkshire”, with this accompanied by a £2.25 million equity raise…

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