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Union Jack Oil acquires royalty interest in Claymore, Piper oilfields
StockMarketWire.com
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Oil company Union Jack Oil said it had bought a royalty interest from Cambridge Petroleum Royalties over production from the Claymore, Piper and Scapa oilfields in the Central North Sea for $130,000 (£93,730).
The 2.5% cash generating royalty interest was part of a royalty unit over 20% of the assets' revenues from oil and gas production.
At 8:47am: (LON:UJO) Union Jack Oil Plc share price was 0p at 0.15p
Story provided by StockMarketWire.com
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