Business
United States Producing Mineral Royalties Purchase
United States Producing Mineral Royalties Purchase.
About this update from Union Jack Oil Plc
[{"type":"text","content":"\n\n12 March 2024\n Union Jack Oil plc\n (\"Union Jack\" or the \"Company\")\n United States Producing Mineral Royalties Purchase\n \nUnion Jack Oil plc, (AIM: UJO), a United Kingdom (\"UK\") and United States of America (\"United States\" or \"USA\") onshore focused, production, development and exploration company is pleased to announce details of a further expansion of the Company's Mineral Royalty (\"Royalties\") portfolio, via the acquisition of three additional packages, brokered by the Company's Oklahoma City, USA and Aberdeen, UK, based agent and adviser, Reach Oil & Gas Inc (\"Reach\").\nThe Royalties purchased are located within the Bakken Shale, North Dakota, Permian Basin, Texas and the Eagle Ford Shale, Texas.\n \nNew Royalties Purchased\n· Top tier, Bakken Shale, Williston Basin, diversified producing 96 well interest package, located in Dunn, McKenzie and Williams Counties, North Dakota (Effective payment date March 2024)\n- Strong cash-flow generating asset ...