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UJO Union Jack Oil Plc

16.25
0.25 (1.56%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Union Jack Oil Plc LSE:UJO London Ordinary Share GB00BLH1S316 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.25 1.56% 16.25 205,447 08:00:00
Bid Price Offer Price High Price Low Price Open Price
16.00 16.50 16.25 16.25 16.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 8.51M 3.61M 0.0320 5.08 18.32M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:56:53 O 26 16.00 GBX

Union Jack Oil (UJO) Latest News

Union Jack Oil (UJO) Discussions and Chat

Union Jack Oil Forums and Chat

Date Time Title Posts
18/3/202414:20Moderated Union Jack Oil Thread22,376
12/3/202408:12Union Jack Oil - Can David Bramhill do it again?10,569
06/2/202307:22UNION JACK OIL7
11/11/202215:59UJO sycophantic thread32
07/11/202207:30Financial Fox. All eyes on UJO. The small-cap oil stock sets to wow investors.20

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Union Jack Oil (UJO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-03-18 15:56:5316.00264.16O
2024-03-18 15:49:1316.0540,0006,420.00O
2024-03-18 15:48:1516.0310,0001,602.50O
2024-03-18 15:48:0816.17123,04919,893.95O
2024-03-18 14:49:1716.186,182999.94O

Union Jack Oil (UJO) Top Chat Posts

Top Posts
Posted at 18/3/2024 08:20 by Union Jack Oil Daily Update
Union Jack Oil Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker UJO. The last closing price for Union Jack Oil was 16p.
Union Jack Oil currently has 112,715,896 shares in issue. The market capitalisation of Union Jack Oil is £18,316,333.
Union Jack Oil has a price to earnings ratio (PE ratio) of 5.08.
This morning UJO shares opened at 16.25p
Posted at 15/3/2024 09:07 by maxwell
Tax on profits - use all or most of income to expand the base of the company?
Then the underlying value grows relatively quickly without necessarily paying to
much tax.

So taking an interest in various USA drillings plus activities just might give a greater mass & hence a higher share price valuation. That is what I hope otherwise
it might as well just put cash in bank.
Posted at 05/3/2024 14:01 by maxwell
More interested in UJO share price as that is similar to value lost since floated (ie:- 50p)
Posted at 27/2/2024 14:35 by greypanther2
Today’s RNSs from UJO and Reabold contain some interesting points but, rather unfortunately IMO, neither of them mentions the expected cost of the directional well, other than saying its “offering significant cost savings compared with a horizontal well”. The gross cost of the horizontal well was originally expected to be of the order of £12 million, or £2.0 million net to UJO’s and Reabold’s 16.665% equity share. However, RBD’s presentation for their Edinburgh meeting tonight reveals slightly more about the directional well’s expected cost: £6.4 million for the well plus £3.0 million to test it, or £9.4 million in total. Of this smaller sum UJO’s and RBD’s share would be “only” £1.57 million and Rathlin’s 66.67% share would be about £6.27 million. So I suppose Reabold could conceivably bail out Rathlin by using the greater part of £9.1 million of cash that they say they have in the bank after receiving the final payment from Shell for Victory. But will they, I wonder? In their RNS UJO also said “An additional material secondary target in the deeper Permian Rotliegend Sandstone will also be evaluated during drilling of the WN-A3 or by the re-entry of WN-A1”. IMO the last point could be very important as the published data for the WN-A1 well shows that the well was suspended with only a 7 inch casing / liner over the Rotliegend gas-bearing interval. That could mean that re-entering the A1 well could be done quickly and quite cheaply, probably for about £0.5 to less than £1.0 million by using a much cheaper work-over rig. This could mean that an A1 re-entry well in 2024 is still a strong possibility.
Posted at 18/2/2024 09:55 by currypasty
Share_Talk ™
@Share_Talk
·
27m
Why do some CEOs remain silent as the share price tanks? There’s often reasons you are not party to — and nobody wants to be kept in the dark. On the other hand, some boards are clearly a bit lazy.
via
@share_talk


surely not... anyone think of any examples?
Posted at 16/2/2024 10:47 by 1347
law In case you haven't figured it out yet, they can't really lose. They know it's coming several weeks in advance, so those in the know sell down, the bent MMs and Brokers move the share price up, the company puts out some 'good news' and retail pile in.

So those 'in the know' are selling down (or shorting) above the placing price. Then comes the (often heavily) discounted placing, when they can buy back, or just bank the profit, or, if they've gone short (MMs are allowed to and Brokers are often also MMs themselves) then they can cover.

Those not 'in the know' need to be either very lucky or very skilful to spot, time and trade the placing pump and dump. AIM BoDs know this all too well so they play the market to keep them in their cushy job as lifestyle directors, then they can play hot shot with their jam tomorrow stories. They don't care about value (or reputational) destruction, they get well paid for doing relatively little anyway and little to nothing is performance related so they are laughing all the way to the bank, at least until the wheels fall completely off.

I'm afraid until AIM is reformed and this rinse and repeat game is stopped I've come to the conclusion that it's just not worth 'investing' in such companies, it's just a rigged casino and less fun than a real one. This is to the detriment of those few AIM companies that do have serious prospects, but I don't know any in the O&G sector. All my opinion, no problem if others see it differently.
Posted at 13/2/2024 09:16 by greypanther2
Having bought a few more UJO shares last week at 17.5p, today’s RNS is excellent news as it shows that we are making real progress in the USA with Reach, and by using our existing cash resources. So no borrowing or placing is required. To mind the Wilzetta prospect’s stated 35% Chance of Success (CoS) seems a bit low for a well defined, combined Hunton and Wilcox prospect which is covered by 3D seismic, when UJO gave a 75% CoS to the West Bowlegs prospect last week. The latter is also a Hunton prospect covered by 3D seismic. Quite interestingly, UJO has taken a 75% interest in Wilzetta, compared to only 45% at West Bowlegs, so some might query this aspect of the deal. I suspect that the estimated 35% CoS is actually for both targets being successful, so the odds of either the Hunton or the Wilcox working here is probably closer to 60%, IMO. The Wilzetta play has most of the factors required for success, and by that the source rock presence and its maturity, and the structural validity have already been demonstrated, so only the reservoir quality needs to be established in the two target horizons. Maybe the younger Pennsylvanian channel sands will also prove profitable if they are present here. Time will tell,of course, but we should know by Q3 2024. This is a heck of a lot quicker than it would be in the UK.
Posted at 06/2/2024 19:14 by 1347
Bionic For me mid is pretty much meaningless as the MMs move the spread about to suit themselves. What's more important for me is what the trades are going through at and what the share price direction is over a few days (I'm not a day trader). Still each to their own. I see the closing mid price on LSE is now 17.5 anyway, which is down on the day whichever way you look at it.
Posted at 31/1/2024 18:28 by karina
It is HEYCO , if you haven't worked it out by now Joking ! They obviously have paid out cash to borrow (from a person/company who was given the shares and wants to make money by renting them out) millions of UJO to use over a couple of years or so, to sell when there are other buyers in the market, so as to keep the share price depressed. Makes sense if your aim is to buy the company at a low price. Also, HEYCO are in total control of the pace and have intimate knowledge of the operational flows at the Wressle, Bisc and Ked developments. It could be a fantastic leverage position to be in if you wanted to make a move on UJO at some stage in the next year or so? Their clever strategy could be working nicely? Another year of the HEYCO delays will get the long term shareholder very frustrated but absolutely nothing can be done? EOG and UJO directors will be tearing their hair out this time next year and only too pleased to sell at a knock down price?
Posted at 29/1/2024 08:53 by 1347
Royalties may or may not be a good deal, we'll have to see, but I didn't invest in UJO for Royalties, I invested because they were going to grow their UK onshore assets, but all they are doing is kicking cans. Waiting over three years for a fairly simple side track at Keddington for which they've had permissions for ages. Now they are spinning around with opportunistic deals, in Germany and the USA etc. I see no clear strategy here and the share price is well below what it was three years ago.
Posted at 19/12/2023 12:13 by ashkv
No info on water cut concerning and also no info since early September on the cash position at UJO - nearing 4 months.

UJO while cheap on an absolute basis on a relative basis appears more than fairly valued as compared to other AIM Hydrocarbon firms - for example STAR Energy.

Brent: $78.00
UJO Share Price: 19.50p
SP Compared to 52W High of 36.75p on 4 Nov 22: -46.94%
SP Compared to 52W Low of 18p on 31 Oct 23: 7.69%
Total Voting Rights: ( ) 106,565,896
Market Cap GBP: £20,780,350
GBPUSD: 1.27
Market Cap USD: $26,391,044
Total (GBP) Net Cash + Inv + Rec (8 Sep 23): £9,250,000
Total (USD) Net Cash + Inv + Rec: $11,747,500
Enterprise Value (USD): $14,643,544
UJO Current Production (40% of 670 boe/d): 268
EV/BARREL-USD : $54,640
UJO Cash + Receivables + Investments % of SP: 44.51%
UJO Cash + Receivables + Investments share price Component: 8.68p
Union Jack Oil share price data is direct from the London Stock Exchange

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