Oil & Gas Advisors is pleased to announce that we have acted as an advisor to Union Jack Oil plc (AIM:UJO) on its purchase of a 2.5% interest in the Claymore and Piper Complex Royalty for $130,000, which is comprised of a working capital adjustment and consideration for the forward cash flows.
The Claymore and Piper Complex is located in Quads 14 and 15 the UK sector of the North Sea, and has been on production since 1976, producing over 1.7bn bbl of liquids.
Following completion of the Acquisition, Union Jack Oil plc will hold a 2.5% interest in the Royalty.
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 (Ticker: UJO).
Oil & Gas Advisors is delighted to provide further support to the management team at Union Jack Oil as it expands its portfolio.
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