Financial Fox

Oil investor Chris Oil is very excited about his investment in the AIM listed Union Jack Oil, a development and exploration oil & gas company in the UK. The next catalyst is the drilling of Biscathorpe-2 conventional well planned later this month. “The potential of this asset is substantial and it represents a game changer for UJO” said Chris Oil. ”Biscathorpe is one of the UK's largest onshore conventional oil prospects with mean prospective resources of 3.1mln barrels net to Union Jack and a high geological chance of success of 40%,” said David Bramhill, Union Jack executive chairman.