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Union Jack Oil posted a first-half loss as it continued to prove up oil discoveries in the UK.
Pre-tax losses for the six months through June amounted to £0.48m, compared to losses of £0.42m on-year.
The company's cash balance at 20 September was in excess of £2.8m.
At 9:58am: (LON:UJO) Union Jack Oil Plc share price was 0p at 0.26p