Source - SMW
Union Jack Oil has narrowed its H1 pretax loss, and said it is well placed with a number of development, appraisal and drilling projects underway that were fully funded from available cash resources.

Loss before tax was £0.25m, from a year-ago loss of £0.26m.

"We are not deviating from our strategy and we are continuing to see an escalation of the rewards of that focus," said CEO David Bramhill.