Union Jack Oil PLC 2022 AR2
The report outlines Union Jack Oil plc's financial and operational performance for the fiscal year ended December 31, 2022. The company achieved a maiden net profit of £3,606,624 post-tax, driven by a 340% increase in oil revenues primarily from its flagship Wressle development. Union Jack remained debt-free, initiated a share buy-back programme, and distributed a Maiden Special Dividend of 0.8 pence per share. Operationally, the company advanced its key projects at Wressle and West Newton, including upgrading site facilities with gas microturbines to reduce emissions.
Company: Union Jack Oil PLC
Sector: Energy
Country: United Kingdom
Year: 2022
Type: AR2
Pages: 80
Union Jack Oil PLC
Annual Report And Financial Statements
The report outlines Union Jack Oil plc's financial and operational performance for the fiscal year ended December 31, 2022. The company achieved a maiden net profit of £3,606,624 post-tax, driven by a 340% increase in oil revenues primarily from its flagship Wressle development. Union Jack remained debt-free, initiated a share buy-back programme, and distributed a Maiden Special Dividend of 0.8 pence per share. Operationally, the company advanced its key projects at Wressle and West Newton, including upgrading site facilities with gas microturbines to reduce emissions.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Net Zero Target
Employees