About Union Jack Oil Ltd
Union Jack Oil plc is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector listed on the London Stock Exchange AIM market (UJO).
Its strategy is the rapid appraisal and exploitation of the assets currently owned. Simultaneous with this process, the Company’s management expects to continue to use their expertise to acquire further licence interests over areas where there is a short lead time between the acquisition of the interest and either exploration drilling or initial production from any oil or gas fields that may be discovered.
The Company currently has four licences in the UK’s East Midlands Basin and remains in negotiation with several established companies to acquire licence interests in suitable projects.
AWE currently has six main producing assets:
Tui oil fields – offshore Taranaki basin, New Zealand (AWE 42.5% operator)
BassGas project – offshore Bass Strait, Tasmania (AWE 46.25%)
Cliff Head oil field – offshore Perth basin, Western Australia (AWE 57.5%)
Casino gas project – offshore Otway basin, Victoria (AWE 25%)
Onshore Perth Basin interests, Western Australia (AWE 33-100%)
Onshore US shale gas, Texas (AWE10%)