Royalties from the Petroleum Holding Fund (PHF) dropped from $1,428,760,076.93 in 2022 to $1,062,323,419.12 in 2023 representing a 25.65% decrease from the previous year.
AIM-listed Union Jack Oil, a predominantly UK onshore focused production, development and exploration company, has announced details of its initial expansion into the United States of America, with the purchase of three Mineral Royalty packages, brokered by the Company’s agent and adviser, Reach Oil & Gas Inc.