Union Jack Oil upgrades Wressle project reserves by 263% and declares a 0.25p final dividend.

Union Jack Oil, an onshore hydrocarbon production and investment company in the UK and US, reports a 263% upgrade in Wressle project reserves and declares a final dividend of 0.25p per share. The company sold a 2.5% interest in the North Sea Claymore Area Royalty and acquired US mineral royalties and drilling activity in Oklahoma. Plans for 2024 involve drilling and development in both regions.