20 September 2021
Union Jack Oil plc
("Union Jack" or the "Company")
Response to Market Speculation
Union Jack Oil plc (AIM: UJO), a UK focused onshore conventional hydrocarbon production, development and exploration company, notes recent market speculation surrounding the vendors of a 25% interest in the Claymore Piper Complex Royalty Units that the Company intends acquiring that was first disclosed in the Interim Results released on Monday 13 September 2021. The Company confirms that the vendors in the proposed transaction are two North American financial entities that are not associated with Cambridge Petroleum Royalties Limited and that no related party considerations apply to the proposed transaction.
For further information, please contact:
| Union Jack Oil plc | info@unionjackoil.com |
| David Bramhill | |
| SP Angel Corporate Finance LLP | +44 (0)20 3470 0470 |
| Nominated Adviser and Broker | |
| Richard Morrison | |
| Richard Hail | |
| Caroline Rowe | |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
