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Union Jack Oil – West Newton update and company chat, remains a Buy

By HotStockRockets | Thursday 2 September 2021

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

“West Newton Update” announcement follows, not entirely accurate, comment from Brokerman Dan and bulletin board mutterings. A first point is that West Newton is operated by Rathlin Energy (UK) Limited, with Union Jack Oil (UJO) having a 16.665% economic interest, and therefore not having direct ownership of the situation. So what is the latest update?

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