Union Jack’s losses widen

Aim-listed energy explorer Union Jack Oil’s pre-tax losses widened to £238,246 in the first half of 2013, almost doubling from losses of £142,573 the previous year. The firm also revealed in yesterday’s first-half results statement that it had made no revenues over the period, which was flat on last year. However, the company said that it had acquired four onshore UK exploration interests and was making progress on exploiting the acquired assets.