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Union Jack Oil posts loss on West Newton development costs
StockMarketWire.com
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Oil company Union Jack Oil reported a full-year loss, as it and partners continued to develop the West Newton prospect in England.
Pre-tax losses for the year through December amounted to £1.87 million, compared to year-on-year losses of £1.69 million.
Revenue edged up to £0.16 million, from £0.14 million.
Union Jack had a cash balance in excess of £5.7 million at 1 May, not including loan receivables and royalty accruals of over £1 million due during 2021 and 2022.
At 8:03am: (LON:UJO) Union Jack Oil Plc share price was 0p at 0.15p
Story provided by StockMarketWire.com
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