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Union Jack Oil says deals like Laughton can be "very lucrative"

Published: 08:49 26 Jan 2016 EST

David Bramhill, executive chairman at Union Jack Oil (LON:UJO), discusses the reasons why the company has decided to acquire a 10% interest in the Laughton prospect in the East Midlands.

He says that due to the low cost involved, projects like this can be "very lucrative" and that the group is currently in "a good situation".

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