Membership of United Kingdom Onshore Oil and Gas

RNS Number : 2891N

Union Jack Oil PLC

31 May 2022

 

31 May 2022

Union Jack Oil plc

("Union Jack" or the "Company")

Membership of United Kingdom Onshore Oil and Gas

Union Jack Oil plc (AIM: UJO) a UK focused onshore hydrocarbon production, development and exploration company, is pleased to announce that the Company has been admitted as an Associate Member of United Kingdom Onshore Oil and Gas ("UKOOG").

UKOOG is the representative body for the UK onshore oil and gas industry, including exploration and production.

The key objectives of UKOOG are as follows:

· to enhance the profile of the whole onshore industry (both conventional and unconventional)

· to promote better and more open dialogue with key stakeholders

· to deliver industry wide initiatives and programmes

· to ensure the highest possible standards in safety, environment management and operations.

In joining UKOOG, Union Jack has become part of an organisation that continues to build a unique presence across the entire supply and service chains, enhancing the ability to talk to government, regulators and the public in an informed, transparent and engaging manner. In return, UKOOG hope to continue to deliver an industry that can provide employment, energy and economic benefits to both the country and its members.

Charles McAllister, Director at UK Onshore Oil and Gas commented: "We are very pleased to welcome Union Jack Oil into the UKOOG group, the trade body for the industry.

"Following a very successful period for UJO, we look forward to working together to build on this excellent progress and further the development of the UK's abundant onshore oil and gas resources.

"Developing the UK's identified and proven onshore hydrocarbon resources is of evident geopolitical, environmental and economic benefit to the UK.

 "The UK Government should take all necessary action to facilitate the growth of our industry, which has safely produced oil and gas for over 170 years in the UK.

"There is a very bright future for the UK onshore oil and gas industry in the transition to a net zero economy and as the trade body for the industry we look forward to spearheading that development with the Union Jack Oil team, alongside our wider membership."

David Bramhill, Executive Chairman of Union Jack commented: " We are delighted to be able to work with UKOOG and assist in promoting the benefits of the UK onshore hydrocarbon industry.

"Without doubt, the UK onshore arena is beginning to show activity on several fronts, evidenced by a number of new developments progressing, all of which facilitate the growth of an extremely well regulated and important part of the UK energy sector."

For further information, please contact 

Union Jack Oil plc  [e-mail]

David Bramhill

SP Angel Corporate Finance LLP   [phone]

Nominated Adviser and Broker

Matthew Johnson

Richard Hail

Caroline Rowe

 

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