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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Union Jack Oil Plc | UJO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 24.00 | 07:36:40 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 24.00 | 24.00 | 24.00 | 24.00 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 28/03/2023 | Interim | GBP | 0.003 | 06/07/2023 | 07/07/2023 | 28/07/2023 |
| 24/10/2022 | Special | GBP | 0.008 | 17/11/2022 | 18/11/2022 | 16/12/2022 |
| Top Posts |
|---|
Posted at 17/4/2024 10:39 by maxwell From Zeus extract :-2023 results, which are now scheduled for 20 May. The company has previously paid out special dividends based on its Wressle cash flows, and we would expect any further payment to continue to balance shareholder returns. And UJO recently reported the successful initial result of its Andrews-1-17 well on the West Bowlegs prospect in Oklahoma. In the coming weeks we expect the result of flow testing activities on this well, on success potentially heralding new production volumes and drilling opportunities for the company. Forecasts and valuation. We have adjusted our forecasts to reflect the Q1 Wressle production outturn, and timing of the new Wressle drilling programme (where we move new volumes into H2 2024). This leaves our 2023 numbers unchanged, and our 2024 numbers adjusted but we do not yet include the expected 2024 dividend payment in our numbers. Hence Our total risked NAV remains unchanged at 75p. |
Posted at 17/4/2024 07:58 by likeawalrus my LSE postI'm confused...is 530 bp the av. for nov/dec/jan as EOG says, or Q1 as UJO says? Europa says "Over the three months to January 2024, after the completion of the jet pump installation at Wressle, production has averaged over 530 boepd (net 160 boepd to Europa), which is above the forecast upside case from the recent independent technical report" UJO says "Production for Q1 2024 averaged circa 530 barrels of oil per day (gross) with an average water cut of 24.3%, which is easily disposed of at a nearby facility at negligible cost" |
Posted at 17/4/2024 07:50 by ashkv Brent: $89.50UJO Share Price: 22.50p SP Compared to 52W High of 33.1p on 21 June 23: -32.02% SP Compared to 52W Low of 14p on 28 Mar 24: 37.78% Total Voting Rights: ( ) 106,565,896 Market Cap GBP: £23,977,327 GBPUSD: 1.25 Market Cap USD: $29,971,658 Total (GBP) Net Cash + Inv + Rec (12 Jan 24):[Sub USA Inv - 28 Mar 24) £9,450,000 Total (USD) Net Cash + Inv + Rec: $11,812,500 Enterprise Value (EV) (USD): $18,159,158 UJO Wressle Q1 24 Production (40% of 530 boe/d): 212 EV/BARREL-USD : $85,656 |
Posted at 08/4/2024 09:25 by likeawalrus UJO holds 6.3m shares in Treasury - 2 thoughts spring to mind.Could UJO sell them to a US broker to supply the US market? Alternatively, could UJO swap them for more oil rights with Reach? |
Posted at 22/3/2024 15:58 by aspect100 This expansion into the USA seems like a different strategy for UJO.Comparing the ease to start a new oil well in the US,and the stupid regulatory system we have in the UK then it is very likely to be profitable for the company.I think it will be years before UJO makes a dollar from WN,so apart from Wressle,why don't they sell the lot,and use the proceeds to invest all of it in the USA. |
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 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 11:23 by currypasty MalcyI wrote about this move by UJO very recently and I am sure that it is a very wise diversification and maybe and more importantly, a sensible and rewarding use of revenues coming from other operations. I think that UJO, in buying such royalties and of course generating cash through drilling wells such as this one, creates enough beta via the incredibly fast return, as if proven up can be on production within one month. The idea of such a thing happening in the UK with our endless red tape and nimbyism is laughable and demonstrates that this move by UJO not only provides a very good return on investment but as it is done so swiftly makes it a smart move. |
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 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 |
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