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 3% interest in Biscathorpe (PEDL253) from Montrose Industries Limited and for a consideration £115,000 (the "Acquisition"), and its receipt of and further interest from Humber Oil & Gas Limited as part of its settlement agreement with the PELD253 partners (the "Settlement").
Following completion of the Acquisition and Settlement, Union Jack Oil plc will hold a 30% interest in PEDL253.
More information on the transaction is available from UJO's website here.
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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