Union Jack Oil PLC’s (LON:UJO) has confirmed the onshore UK firm is fully funded for all its current drilling and well testing commitments in its full-year 2019 results statement.
The AIM-quoted company told investors it had a £5.5mln cash balance at the start of May 2019 and it remains debt-free.
"My confidence in respect of Union Jack’s future remains highly positive,” executive chairman David Bramhill said in the statement.