RNS Number : 3658M

Union Jack Oil PLC

20 September 2021

20 September 2021

Union Jack Oil plc

("Union Jack" or the "Company")

Response to Market Speculation

Union Jack Oil plc (AIM: UJO), a UK focused onshore conventional hydrocarbon production, development and exploration company, notes recent market speculation surrounding the vendors of a 25% interest in the Claymore Piper Complex Royalty Units that the Company intends acquiring that was first disclosed in the Interim Results released on Monday 13 September 2021. The Company confirms that the vendors in the proposed transaction are two North American financial entities that are not associated with Cambridge Petroleum Royalties Limited and that no related party considerations apply to the proposed transaction.

For further information, please contact:

Union Jack Oil plc                  info@unionjackoil.com 
David Bramhill 
SP Angel Corporate Finance 
 LLP                                  +44 (0)20 3470 0470 
Nominated Adviser and Broker 
Richard Morrison 
Richard Hail 
Caroline Rowe 

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(END) Dow Jones Newswires

September 20, 2021 12:05 ET (16:05 GMT)

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