Union Jack Oil the company has seen significant financial transformations with positive indicators and substantial revenues update, including Oil revenues increased by over 1,000% during 2021

Share Talk invited David Bramhill, Executive Chairman, of Union Jack Oil (AIM: UJO) into the London studio to update holders and explained what the future holds for the company.

Union Jack reported in its final results that oil sales of £1.894m for FY21, an increase from £0.158m for FY20, had had a “dramatic effect” on the company’s income statement.

This has led to the company reporting its first gross profit. It also reported that the company’s FY21 revenues have already been comfortably exceeded by net revenues of £2.877.