union jack oil plc on wednesday said its 2022 revenue was boosted by its wressle hydrocarbon development which made 12 million in net revenue since production restarted at the site in august the londonlisted energy company which has a 40 interest in the north lincolnshire development said revenue for the year to dec 30 came in above 84 million pounds 101 million compared with gbp19 million a year prior as of jan 2 its cash balances shortterm receivables and liquidity investments stood at gbp99 million the group continues to be cash flow positive and is funded for at least the next 12 months it added since the last production update another impressive production performance from the wressle1 well has been recorded and the trend as seen throughout 2022 and the start of 2023 remains positive said executive chairman david bramhill