Business
Unaudited Results for 6 months ended 30 June 2025
Union Jack Oil PLC reported unaudited results for the six months ended June 30, 2025. The company's oil and gas revenues were £1,286,742, down from £2,338,710 in 2024, with a gross profit of £454,401 compared to £1,338,776 the previous year. A net loss of £489,674 was reported, a shift from a profit of £788,996 in 2024. Net assets decreased slightly to £21,381,077 from £22,281,627. The Mineral Royalties portfolio delivered an 18% return on investment. Post balance sheet, an institutional share placing raised £2,000,000. The Keddington Oilfield is back online, and upgrades are underway at the Wressle site. A three-well drilling program commenced in Oklahoma, with the Sark well undergoing production testing. Disclaimer*
About this update from Union Jack Oil Plc
[{"type":"text","content":"\n\n\nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \n29 September 2025\n \nUNION JACK OIL PLC\n\n(\"Union Jack\" or the \"Company\")\n\nUnaudited Results for the Six Months Ended 30 June 2025\n\nUnion Jack Oil plc (AIM: UJO and OTCQB: UJOGF), a USA and UK focused onshore oil and gas production, development and exploration company, is pleased to announce its unaudited results for the six months ended\n30 June 2025.\n \nFINANCIAL AND OPERATIONAL HIGHLIGHTS\n· Oil and gas revenues £1,286,742 (2024: £2,338,710)\n· Gross profit £454,401 (2024: £1,338,776)\n· Reported net loss £489,674 (2024: profit £788,996)\n· Net assets £21,381,077 (2024: £22,281,627)\n· Mineral Royalties portfolio delivers 18% return on investment\n· Zero debt\n· Moccasin well was successfully drilled and brought onto production in Oklahoma\nPost Balance Sheet Events:\n· Institutional share placing raised gross proceeds of £2,000,000\n· Keddington Oilfield, onshore UK, back online after extensive site upgrades\n· Significant upgrades underway at flagship Wressle production site onshore UK\n· Three well 2025 H2 drilling programme commenced in Oklahoma with the Sark well currently undergoing production testing\n \nDavid Bramhill, Executive Chairman, commented: \"The Half Yearly results are operationally positive with the Company remaining in a strong position, free of debt, retaining a robust balance sheet and holding a balanced portfolio of production assets on both sides of the Atlantic, complemented with numerous drilling and development projects that are either currently active or are planned for the near future.\n\"Union Jack's asset strategy and geographical diversification delivers durability across its key projects, encompassing both the UK and the USA.\n\"In the six month period under review, although the Company recorded a gross profit of £454,401, an operating loss of £489,674 was...