UNION JACK OIL PLC

1. UNION JACK OIL PLC 2012-08-23 → present
2. UNION JACK OIL LIMITED 2011-01-18 → 2012-08-23

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

Crowe U.K. LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the Financial Statements.”

Group structure

1. UNION JACK OIL PLC · parent
   1. Hydrocarbon Ventures Limited · dormant

Significant events

• “During January 2025, the Moccasin 1-13 well (Moccasin), located in Pottawatomie County, Oklahoma, USA was spudded and drilled to a Total Depth of 5,690 feet.”
• “Subsequently the 1st Wilcox was perforated and the formation flowed at an open hole rate equating to 621 barrels of oil per day.”
• “Moccasin is now in test production under a restricted choke.”
• “The Bartlesville and Red Fork sands await completion.”
• “During February 2024, a farm-in agreement was announced with Reach to drill the West Bowlegs Prospect in Oklahoma, USA.”
• “In February 2024, the Company acquired a 75% working interest in the Wilzetta drilling project comprising the Diana-1 well in Oklahoma, USA.”
• “During March 2024, the Company acquired Mineral Royalty packages located within the Bakken Shale, North Dakota, Permian Basin, Texas and the Eagle Ford Shale Texas, all in the USA.”
• “In April 2024, the Company obtained a trading facility on the OTCQB Venture Market in the USA.”
• “During May 2024, the Company announced the intent to pay a 0.25 pence dividend in July 2024 to all qualifying shareholders.”
• “In April 2024, Craig Howie joined the Board of Union Jack as an independent non-executive director.”
• “During May 2024, a Carbon Intensity Study on the West Newton gas development project, compiled by GaffneyCline was published showing an AA rating.”
• “In June 2024, the Company acquired a 45% interest in the Rogers Secondary Recovery project in Oklahoma, USA.”
• “In June 2024, Ray Godson, non executive director retired from the Board at the Annual General Meeting.”
• “During October 2024, planning approval for further development at Wressle was rescinded by North Lincolnshire Council as a consequence of the Supreme Court Finch ruling in June 2024.”
• “In November 2024, the Taylor 1-16 well in Oklahoma, USA was drilled and awaits completion in the Hunton and Cromwell formations during H1 2025.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

1

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -22.4%

  £5,065,679 → £3,929,722

• Cash

  -51.4%

  £5,198,303 → £2,527,831

• Net assets

  -0.1%

  £21,896,746 → £21,870,751

• Employees

  +25%

  4 → 5

• Operating profit

  -93.3%

  £1,184,509 → £79,864

• Profit before tax

  -70.2%

  £1,361,323 → £406,218

• Wages

  -13.7%

  £680,833 → £587,500

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers