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UJO Union Jack Oil Plc

14.50
-0.50 (-3.33%)
28 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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -3.33% 14.50 14.00 15.00 15.25 14.25 15.25 619,997 14:14:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 8.51M 3.61M 0.0320 4.53 16.34M
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 15p. Over the last year, Union Jack Oil shares have traded in a share price range of 14.25p to 33.00p.

Union Jack Oil currently has 112,715,896 shares in issue. The market capitalisation of Union Jack Oil is £16.34 million. Union Jack Oil has a price to earnings ratio (PE ratio) of 4.53.

Union Jack Oil Share Discussion Threads

Showing 4551 to 4568 of 33000 messages
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DateSubjectAuthorDiscuss
13/8/2019
11:51
Today, @DDS_DocHoliday caught up with independent Oil analyst @mgrahamwood once again to discuss all the latest Junior Oil & Gas News......Malcy highlights his ten-bagger valuation on a well known company amongst : #RRE #ECO #RBD #MATD #BLOE #UJO #AMERhttps://total-market-solutions.com/2019/08/13/malcy-talks-oil-gas-xiii/
burtond1
13/8/2019
11:50
Along wait now.
baz33
13/8/2019
08:42
When are we expecting news
matunde24
13/8/2019
08:21
Let's be honest. If this does get good results it will go to .50 and back down to .30 in a flash. AIM is shocking.
baz33
13/8/2019
07:31
Good logic. Lets hope we get good results and then we can all make some decent returns. I am in for the long run. Over the years I have lost so much. Rmp and Angs are my big losses.
baz33
13/8/2019
07:22
Slow start volume low but at least mainly buys......
maxwell
13/8/2019
07:20
It dont msnd no sense for him to sell yet. He would prob sell at.30- .40. The results are not for another 4 weeks
baz33
13/8/2019
07:13
Baz33 - if you don’t know his Chris guys “entry position or point” (to begin with! 🤦‍a94;️)...then what makes you so sure...that he indeed isn’t selling ? 💭💭💭...whilst perhaps telling the punters “otherwiseR21; ? 🧐🤨

The only “mutual interests” you punters have, with this Chris guy, is UJO itself - however, you both have: different stakes, nominal values, and points of entry, involved, and so you therefore require separate “personal objectives or targets set” 🎯 (...whilst the journey continues in the same direct, all that you have is this same “mutual interest” stock). Imagine, we are all on the same bus journey, merely getting off at different stops (...some early, some late) ! 😉

atino
13/8/2019
07:07
What a stupid comment. Why we he sell. Top idiot
baz33
12/8/2019
18:25
Chrisoil offloading again?
4sta
12/8/2019
17:37
3hrs ago 12/8/19 - Union Jack Oil PLC West Newton A-2 Update

Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company, notes that Rathlin Energy (UK) Limited (“Rathlin”).

The operator of PEDL 183, today communicated the following to local residents as part of its participation in the West Newton Community Liaison group. Union Jack holds a 16.665% interest in this licence containing the West Newton A-1 discovery well and the recently successful West Newton A-2 conventional appraisal well.

“Rathlin began mobilising a service rig and associated testing equipment to the West Newton A-2 site today, 12 August 2019.

“Over the coming days, the West Newton A-2 well will be equipped for the perforation/completion of a select interval within the Kirkham Abbey conventional reservoir.

“The well test equipment will be spotted, assembled and commissioned for well testing operations.

“Once the well test operations have commenced, they are anticipated to run over the next 4-8 weeks, 24 hours per day.”

“The information gathered during the well test operations will aid in evaluation of the Kirkham Abbey reservoir and help inform any further programme of work in the area.

“Rathlin`s planning permission and EA permits provide for the drilling and testing of two wells on the West Newton A site.

“Permissions are also in place for the construction of the West Newton B site and the drilling and testing of two additional wells.

“Separate planning permissions, environmental permits and OGA approvals would be required for any field development and production.”

atino
12/8/2019
14:11
...munch


...brunch


...CRUNCH 😶🥴

atino
12/8/2019
09:31
Oh dear Bazz, where does this negativity come from? Come on, talk it up!!
tasklfelix
12/8/2019
08:06
Rig turned up
theblackbaron
12/8/2019
08:05
Rig turned up
theblackbaron
12/8/2019
07:43
It cant even get by .30 - keep dreaming! Will probably be a disaster.
baz33
12/8/2019
07:34
(Quote 9 Aug 2019) Rathlin Energy - West Newton 🙇

In November 2018, Reabold signed a subscription agreement with Rathlin Energy (UK) Limited; a wholly owned subsidiary of Calgary based Connaught Oil & Gas, to invest £3.0m for an equity interest of 37.08% in Rathlin. Rathlin is operator of UK onshore licence PEDL183 in East Yorkshire, UK which contains the West Newton A-1 gas discovery. Upon completion of the investment, Reabold’s cash
injection provided Rathlin with sufficient funds to drill the West Newton A-1 appraisal well.
Rathlin holds a 66.67% interest in PEDL183 and Reabold’s interest in Rathlin implies an indirect interest of 24.7% in the licence for Reabold. The balance of direct interests in PEDL183 is comprised of Union Jack Oil plc (AIM: UJO) and private company, Humber Oil & Gas Ltd which hold a working interest of 16.7% each.

Pre-drill resource estimates:
West Newton A-1 discovery was estimated to hold pre-drill gross Best Estimate Contingent Resources of 189 BCF of gas with a 72% chance of success. This estimate was provided by Connaught’s internal estimates supported by a 2017 competent person’s report (CPR)

Additional upside on PEDL183, represented by the deeper reef flank Cadeby formation oil prospect, was ascribed gross contingent resources of 79.1 mmbbls and a pre-drill estimated chance of success of 24%.

We note Connaught’s management resource estimates were based on economic evaluations run by Deloitte LLP for the CPR. In 2017, Deloitte prepared a CPR incorporating data from the West Newton discovery well and subsequently acquired 3D seismic over the field. The contingent gas resource is assigned to the Kirkham Abbey gas formation, the source of management assessments.

Drilling success
The West Newton A-2 appraisal well was spudded on 26 April 2019 and reached a total depth of 2,061 metres on 9 June 2019. A 28 metre core was extracted successfully from the primary Kirkham Abbey formation and logging operations were successfully completed. Preliminary data from the well suggests that the discovery is at least as big as the pre-drill estimate implying that West Newton could be the largest onshore UK gas field discovered since 1973, assuming that subsequent testing confirms the scale of the resource.

The well encountered a 65 metre hydrocarbon saturated interval from the Kirkham Abbey formation indicating a substantial hydrocarbon accumulation, including a significant liquids component. Drilling operations have now concluded and production casing has been set in preparation for testing the formation. A subsequent extended well test, expected to commence in Q3 2019, will determine flow rates and set the basis for a forward work programme.

In early August 2019, Rathlin announced that it had mobilised a wireline unit and associated equipment to the West Newton A-2 well site in order to conduct logging activities within the cased wellbore prior to the main phase of testing. When testing commences, the operator expects that activities will take approximately 4-8 weeks.

Reabold notes that initial data obtained from the West Newton A-2 well correlates positively with the petrophysical results from the initial West Newton A-1 well and volume expectations will be updated after further core and log analysis. The well also encountered hydrocarbon shows from a secondary deeper target, the Cadeby formation with an oil saturated core. This is very encouraging and this formation is planned to be intersected from the West Newton B location where optimal reservoir development is expected and planning permission is already in place.

Market for gas already established
Reabold notes that West Newton is located in an area of abundant production infrastructure near the city of Hull. Consequently, we believe that material volumes of gas could be developed quickly for delivery into local markets at comparatively low cost.

atino
12/8/2019
07:25
3p plus in sight......Gla :-)
moneymunch
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