Union Jack Oil

What Union Jack Oil does

Union Jack Oil plc is an AIM-listed onshore oil and gas exploration and production company headquartered in Bath, England. The company holds working interests in 13 UK onshore petroleum licences across the East Midlands, Humber Basin, and East Yorkshire, plus two Oklahoma licences acquired in 2024, encompassing producing assets (Wressle 40%, Keddington 55%, Fiskerton 20%), development projects (West Newton 16.665%, Biscathorpe 45%), and exploration prospects (North Kelsey 50%). The core technical approach relies on conventional industry methods — 3D seismic interpretation, petrographic and geochemical analysis (conducted by Applied Petroleum Technology UK), and corelab inspection — applied to de-risk drilling and appraisal targets. The most significant undeveloped asset is West Newton, where independent analysis estimates 146.4 mmbbl OIIP and 211.5 bcf GIIP base case, rated AA carbon intensity by GaffneyCline.

The business model is commodity-price-exposed hydrocarbon production sold under long-term contracts to UK refineries — primarily Phillips 66 Humber and Immingham — via road-tanker haulage. Additional revenue streams include passive mineral royalty interests in Texas and North Dakota, and periodic asset disposals/farm-outs. The company operates as a non-operator across most UK assets, partnering with Egdon Resources (operator of Wressle, Biscathorpe, Keddington, Fiskerton, North Kelsey) and Rathlin Energy (operator of West Newton), which limits capex but constrains direct operational control. Marketing and capital-raising are conducted via RNS announcements, investor presentations, broker relationships (SP Angel), and listings on AIM, OTCQB, and Aquis Market. As of April 2026 the market capitalisation was £5.86M with 152.87M ordinary shares outstanding.

The strategic situation is defined by a pending all-share takeover offer from Reabold Resources plc (received 15 June 2026), a co-investor in the West Newton project that is also exploring a 100MW 'wellhead-to-data centre' co-location development. Under UK takeover rules Reabold must announce a firm intention or withdraw by 13 July 2026. The board comprises Executive Chairman David Bramhill (43+ years natural resources experience), Executive Director Joseph O'Farrell, and Independent Non-executive Director Dr Zac Phillips. The company is non-operator, micro-cap, and presently reinvesting modest equity raises into development drilling and US diversification.

Name

Union Jack Oil

Legal name

Union Jack Oil plc

Website

https://unionjackoil.com

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

1–10 employees

Short description

Union Jack Oil plc is an AIM-listed micro-cap UK onshore oil and gas exploration and production company holding minority working interests across 13 UK licences and 2 Oklahoma licences, generating revenue from crude sales to Phillips 66 Humber and Immingham refineries while developing the West Newton gas project.

Ownership category

akta.pro rank

Product category

Onshore Oil and Gas Exploration & Production

NAICS

Crude Petroleum Extraction (21112), Natural Gas Extraction (21113)

SIC

Crude Petroleum & Natural Gas (1311), Mineral Royalty Traders (6795)

akta.pro primary industry

Real Assets — Oil & Gas / Energy Royalties (Mineral Rights, Midstream Royalties) (FSAHAIAL)

akta.pro secondary industry

Production Services & Artificial Lift (ESP, Rod Lift, Gas Lift, Chemicals) (EUALABAH)

Keywords

• Onshore oil production
• Gas exploration development
• Hydrocarbon asset investment
• Uk petroleum licences
• Crude oil extraction

Headquarters

HQ city

Bath

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Infrastructure, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Oil and Gas Production: Union Jack Oil generates revenue from the sale of hydrocarbons produced from its UK onshore assets. Produced oil from the Wressle Oilfield is sold under existing sales contracts to Phillips 66 Humber refinery. Keddington Oilfield produces approximately 25 barrels of oil per day sold to nearby refineries. Fiskerton production is sold to the Immingham refinery. Revenue is commodity-price-exposed and production-volume-driven.
2. Mineral Royalties (USA): The company holds mineral royalty interests in Texas and North Dakota in the United States, generating passive royalty income from production on those mineral interests.
3. Asset Disposal and Farm-Outs: The company generates income through farm-out agreements and asset transactions, such as the sale of interests in the Claymore Area Royalty Agreement and periodic asset rationalisation.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Union Jack Oil plc is an AIM-listed onshore oil and gas exploration, development and production company with interests in 13 UK licences across the East Midlands, Humber Basin and East Yorkshire, plus two Oklahoma (USA) licences. The company generates revenue from sale of crude oil produced at Wressle, Keddington and Fiskerton oilfields to UK refineries, holds royalty interests in US mineral acreage, and develops gas (West Newton) and oil (Biscathorpe, North Kelsey) prospects via farm-in and joint venture partnerships.

Product overview

Union Jack Oil is an onshore oil and gas exploration and production company with a portfolio of producing assets, development projects, and exploration prospects in the United Kingdom and the United States of America. The company's UK operations span multiple licences in the East Midlands, Humber Basin, and East Yorkshire, including West Newton (gas), Wressle (oil), Biscathorpe (oil), Keddington (oil production), Fiskerton (oil production), and North Kelsey (oil exploration). US operations include interests in Oklahoma oil projects. The portfolio is balanced across production (cash-generating), development (near-term value), and late-stage exploration (high-value potential).

Differentiator

Problem solved

Functional benefit

Products and services

• Wressle Oilfield Wressle is a producing onshore oilfield in Lincolnshire producing from three conventional reservoirs, with crude sold to the Phillips 66 Humber refinery under existing sales contracts; the asset has generated cumulative net revenues exceeding US$18 million.
• West Newton Gas Development West Newton is a conventional onshore gas and condensate development project targeting the Kirkham Abbey formation, designed to supply the Humber industrial energy cluster and potentially co-locate a 100MW wellhead-to-data-centre power facility.
• Biscathorpe Oil Project Biscathorpe is an appraisal-stage onshore oil project with stacked conventional reservoir targets, planning consent secured in November 2023 and contingent on next-phase drilling and well testing.
• Keddington Oilfield Keddington is an onshore producing oilfield in Lincolnshire generating approximately 25 bopd of high-quality crude from Carboniferous sandstone reservoirs, sold to nearby UK refineries.
• Fiskerton Oilfield Fiskerton is a stable-producing onshore oilfield in Lincolnshire whose crude is sold and tankered to the Immingham refinery.
• North Kelsey Prospect

Quantifiable outcome

• West Newton Base Case: 146.4 mmbbl OIIP and 211.5 bcf GIIP; Upside Case: 283 mmbbl OIIP and 265.9 bcf GIIP (confirmed by independent APT analysis)
• +5 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Rathlin Energy U.K. LimitedcoreStrategic or Co-development Partner · 1 January 2013Rathlin Energy U.K. Limited is the operator of PEDL183 containing the West Newton gas discovery. Union Jack holds a 16.665% interest alongside Reabold Resources (16.665%), with Rathlin holding the remaining 66.67% and operatorship. West Newton was discovered in 2013 by the West Newton-1 well (A-1) and further appraised by A-2, B-1, and B-1Z wells. The Environment Agency issued a permit variation to Rathlin in February 2026 for reservoir stimulation and recompletion work on the WNA-2 well.
• Egdon ResourcescoreStrategic or Co-development PartnerEgdon Resources is the operator of multiple Union Jack licences: PEDL180/PEDL182 (Wressle, 40% UJO), PEDL253 (Biscathorpe, 45% UJO), PEDL005(R) (Keddington, 55% UJO), EXL294 (Fiskerton, 20% UJO), and PEDL241 (North Kelsey, 50% UJO). Egdon operates all of Union Jack's UK producing and development assets except West Newton.
• Europa Oil & Gas LimitedcoreStrategic or Co-development PartnerEuropa Oil & Gas Limited is a 30% partner in the Wressle Oilfield (PEDL180/PEDL182), alongside Union Jack Oil (40%, operator Egdon Resources) and Egdon Resources (30%). The partnership has advanced Wressle to production with cumulative net revenues exceeding US$18 million.
• Data Centre Operators (Unnamed)minorOthersReabold Resources, Union Jack's co-investor in West Newton, is actively seeking data centre partners to co-locate a facility of up to 100MW on site at the West Newton A well near Hull. The proposed project, described as Europe's first 'wellhead-to-data centre' development, would be powered directly by gas extracted from the West Newton estimated 8 billion cubic metres of reserves using mini-fracking, eliminating the need for a grid connection. Discussions with unnamed data centre firms are ongoing.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Serica Energy: Larger UK-focused upstream oil and gas producer operating primarily in the UK North Sea with broader portfolio scope. Broader incumbent with UK upstream focus, comparable regulatory and market context though larger scale.
• EnQuest: Mid-cap UK-listed independent upstream oil and gas producer with UK North Sea-focused operations. A larger, established UK upstream peer operating in a related but offshore-dominated asset base.

Direct peers

• UK Oil & Gas (UKOG): UK onshore oil and gas exploration company focused on the Weald Basin. AIM-listed micro-cap with the same onshore UK licensing model, regulatory exposure, and capital-raise-driven strategy.
• IGas Energy: UK onshore oil and gas exploration and production company with licences in the East Midlands, Weald Basin, and North Wales. Same onshore UK E&P model and same regulatory environment as UJO.
• Parkmead Group: AIM-listed UK and Netherlands-focused upstream oil and gas company with onshore UK production assets and a mix of operated and non-operated interests, comparable in scale and model to UJO.
• Deltic Energy: AIM-listed UK North Sea and onshore gas exploration company. Comparable as a small-cap UK upstream gas exploration company with non-operated working interests in similar licence structures.
• Egdon Resources: UK-focused onshore oil and gas exploration and production company and operator of multiple UJO licences (Wressle, Biscathorpe, Keddington, Fiskerton, North Kelsey). Direct peer as a UK onshore E&P with the same asset geography and overlapping licence interests.
• Europa Oil & Gas: UK onshore oil and gas company and 30% co-investor with UJO in the Wressle Oilfield. Identical asset geography, AIM-listed micro-cap profile, and similar onshore UK E&P business model make it a direct comparable.
• Reabold Resources: AIM-listed UK-focused upstream oil and gas investment company and 16.665% co-investor with UJO at West Newton; currently the offeror in the June 2026 acquisition approach. Operates the 'small-cap co-investment in UK onshore' model that is the closest analogue to UJO.
• Rathlin Energy: Operator of the West Newton licence (PEDL183) and partner with UJO. UK onshore-focused operator with adjacent acreage in East Yorkshire, comparable in focus and regulatory context.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/UnionJackOilplc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Union Jack Oil