FinancialFox: Serial oil & gas investor Chris Oil talks about his recent investment in the London listed Union Jack Oil PLC (LSE: UJO). The small-cap company is one of the few oil companies boastING high-impact, low-risk assets in the UK which could significantly uplift the company valuation and share price. Drilling for both Biscathorpe-2 appraisal and West Newton conventional appraisal wells is currently planned for Q1 2019. Analysts at SPAngel reiterated a 0.64p target price on UJO shares.
