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An announcement from Union Jack Oil ( (GB:UJO) ) is now available.
Union Jack Oil plc announced its audited results for the year ended December 31, 2024, highlighting significant operational and financial achievements. The company reported a gross profit of £1.97 million and a net profit of £649,213, maintaining a debt-free status. Key operational successes include a 263% upgrade in 2P reserves at Wressle, successful oil and gas discoveries in Oklahoma, and strategic acquisitions in the USA that have delivered returns exceeding 25%. The company remains optimistic about future growth opportunities in both the UK and USA, with plans for further expansion and development activities.
More about Union Jack Oil
Union Jack Oil plc is a profitable UK and USA-focused company involved in onshore hydrocarbon production, development, exploration, and investment. The company is engaged in projects across the UK and USA, with a focus on generating revenue through its flagship projects like Wressle in the UK and various ventures in Oklahoma, USA.
Average Trading Volume: 202,838
Technical Sentiment Signal: Sell
Current Market Cap: £9.86M
For an in-depth examination of UJO stock, go to TipRanks’ Stock Analysis page.