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UJO Union Jack Oil Plc

23.25
-2.00 (-7.92%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Union Jack Oil Plc UJO London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-2.00 -7.92% 23.25 15:54:22
Open Price Low Price High Price Close Price Previous Close
25.25 23.25 25.25 23.25 25.25
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Union Jack Oil UJO Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
28/03/2023InterimGBP0.00306/07/202307/07/202328/07/2023
24/10/2022SpecialGBP0.00817/11/202218/11/202216/12/2022

Top Dividend Posts

Top Posts
Posted at 26/4/2024 09:14 by likeawalrus
NSTA says 609bpd for Jan, UJO says 530bpd for Q1, which means Feb/Mar must have been about 490bpd...so currently about 200bpd net to UJO

If the US well comes in at 150bpd that's 68bpd net to UJO

it's easy to see how the US could surpass Wressle if we have 2 or 3 producing wells
Posted at 23/4/2024 11:03 by thetoonarmy2
Maxwell you are right MMs hold very few if any shares in UJO and I hope Bramhill isn’t feeding shares out from the treasury shares held, I would much prefer him to cancel those shares take them out of any potential sale of them and in future rather give dividends than buy backs.
Posted at 22/4/2024 08:59 by greypanther2
A very useful addition to UJO's board was announced this morning: "Union Jack Oil plc (AIM: UJO, OTCQB: UJOGF), a UK and USA focused onshore hydrocarbon production, development and exploration company, is pleased to announce the appointment of Craig Howie as an independent Non-Executive Director with effect from 22 April 2024. The Company also announces that Raymond Godson, Non-Executive Director, will retire from the Board following the Annual General Meeting to be held on 27 June 2024.
To facilitate his appointment to Union Jack's Board, Craig will shortly be stepping down from his current role as lead E&P analyst at Shore Capital, where he has had responsibility for oil and gas equity research for 14 years. Craig has been actively involved with Union Jack since its IPO in 2013 and has wide-ranging financial markets experience. He previously spent five years at Blue Oar Securities, where he became a director of equity research and spent two years on secondment at subsidiary Rowan Dartington's headquarters in Bristol. He holds several securities industry qualifications and is a member of the Society of Petroleum Engineers." As well as being an excellent appointment in itself, I'd guess it lowers the board's average age by 4-5 years. But please don't say I'm being ageist!
Posted at 20/4/2024 08:36 by markfrankie
Just my thoughts; When heyco were taking over egdon at a price some thought a steal and ujo also at a low sp, ujo's sbb's helped the share price and prevented a cheeky offer from heyco, I don't mind having those shares in treasury as a (keep your powder dry) back up, if at some point an insti wants in it'll go straight in to the coffers
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 post

I'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: $89.50
UJO 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 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 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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