Union Jack Oil PLC 161.9% Potential Upside Indicated by SP Angel

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Union Jack Oil PLC with EPIC/TICKER (LON:UJO) an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at SP Angel. Union Jack Oil PLC are listed in the Oil & Gas sector within AIM. SP Angel have set a target price of 0.55 GBX on its stock. This is indicating the analyst believes there is a potential upside of 161.9% from the opening price of 0.21 GBX. Over the last 30 and 90 trading days the company share price has increased 0.05 points and increased 0.12 points respectively. The 1 year high for the stock price is 0.29 GBX while the year low stock price is currently 0.08 GBX.

Union Jack Oil PLC has a 50 day moving average of .16 GBX and a 200 day moving average of .12. There are currently 12,107,572,999 shares in issue with the average daily volume traded being 317,141,991. Market capitalisation for LON:UJO is £25,801,510 GBP.

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Union Jack Oil plc reports a successful drilling update for the Taylor 1-16 well in Oklahoma, finding hydrocarbon-rich Hunton Limestone at 4,168 feet.
Union Jack Oil plc is set to enhance its US operations with new drilling projects in Oklahoma, aiming to boost production volumes and revenue growth.
Union Jack Oil plc announces the imminent spudding of the Taylor-1 well in Oklahoma, USA, focusing on promising onshore hydrocarbon prospects.
Union Jack Oil plc (LON:UJO) is advancing in the UK and US, solidifying its presence in onshore oil and gas. SP Angel upholds a BUY rating with a 66p target.
Union Jack Oil plc updates on West Newton gas project, noting Rathlin Energy's application for West Newton A-2 well recompletion, a key step in UK's low-carbon transition.

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