Union Jack Oil PLC Government Ends Moratorium on Hydraulic Fracturing (8161Y)
08 September 2022 - 10:58PM
UK Regulatory
TIDMUJO
RNS Number : 8161Y
Union Jack Oil PLC
08 September 2022
8 September 2022
Union Jack Oil plc
("Union Jack" or the "Company")
Government Ends Moratorium on Hydraulic Fracturing Onshore
UK
Union Jack Oil plc (AIM: UJO), the UK focused onshore
hydrocarbon production, development and exploration company, notes
today's announcement by the Prime Minister, Liz Truss of the
lifting of the moratorium on hydraulic fracturing in the UK
onshore, where there is local support.
The directors of Union Jack welcome today's announcement as it
could have a material and positive benefit when applied to
progressing the Company's ongoing development, appraisal and
exploration activities across its various UK onshore licence
interests.
The directors highlight that the lifting of the moratorium is
expected to positively change both the technical and commercial
dynamics in respect of certain of Union Jack's licence interests
going forward.
Union Jack now looks forward to obtaining expanded details on
today's significant decision and a further update will be provided
in due course.
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 Joint Broker
Matthew Johnson
Richard Hail
Caroline Rowe
Shore Capital
+44 (0)20 7408 4090
Joint Broker
Toby Gibbs
Iain Sexton
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