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UJO Union Jack Oil Plc

9.75
0.00 (0.00%)
14 Jan 2025 - 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
  0.00 0.00% 9.75 51,720 08:00:00
Bid Price Offer Price High Price Low Price Open Price
9.50 10.00 9.75 9.75 9.75
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 5.07M 859k 0.0081 12.04 10.39M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:09:06 O 5,000 9.75 GBX

Union Jack Oil (UJO) Latest News

Union Jack Oil (UJO) Discussions and Chat

Union Jack Oil Forums and Chat

Date Time Title Posts
14/1/202516:42Union Jack oil485
08/1/202517:18Union Jack Oil - Can David Bramhill do it again?10,650
01/12/202423:08Moderated Union Jack Oil Thread24,223
07/11/202408:04Union Jack Oil12
06/2/202307:22UNION JACK OIL7

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Union Jack Oil (UJO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2025-01-14 17:09:069.755,000487.50O
2025-01-14 16:26:049.9310,035995.97O
2025-01-14 16:16:199.935,000496.25O
2025-01-14 10:54:429.974,924490.92O
2025-01-14 10:08:169.5321,0402,004.06O

Union Jack Oil (UJO) Top Chat Posts

Top Posts
Posted at 13/1/2025 09:09 by currypasty
Union Jack Oil plc
@UnionJackOilplc
·
1h
#ujo $UJO #ujogf #OTCQB

Picture from the Moccasin well as we continue towards our Target Depth of 5,500 feet.💪
Posted at 10/1/2025 12:47 by 1347
Kim We know UJO can't force them, but that is not the point. Your comment was that "nothing UJO can do about that..". I disagree, DB should get out of Greggs put his big boy pants on and have a go at Mark Abott until he does something. DB's job is to represent the interests of UJO shareholders, not sit around with his feet up waiting for Abbott to call. After all it was Eggedon that have promised to drill Ked for several years now. Hold him to account, or at least come clean and admit that they'll never drill it.

law Exactly, that was obviously misleading investors. In answer to your question, who knows but I doubt it as they would have said that. It's things like this that's caused me to have totally gone off this company, having been 'invested' for 5 years. It's simply not grown but rather just crawled along.
Posted at 09/1/2025 12:45 by currypasty
Union Jack Oil plc
@UnionJackOilplc
Union Jack’s reasons for pursuing investment opportunities in USA drilling and mineral royalty programs:

✅ Targeting significant stakes in projects with upcoming drilling plans.

✅ Strong potential for success, with the ability to significantly increase cash flow.

✅ Complements our existing portfolio of profitable production and development ventures.

hashtag#UJO hashtag#Royalties hashtag#Investment 🇺🇸 $UJOGF 🇬🇧 $UJO
Posted at 07/1/2025 09:57 by 1347
"If a company has a clear business plan providing attractive return"

Stop right there, focus on the word IF. UJO shareholders have done several cycles of jam tomorrow placings and look where we are now, share price is pretty much at an all low low. Personally I'm not supporting that charade for another 5 year cycle.
Posted at 27/12/2024 10:32 by maxwell
On Share Talk - interesting companies for 2025 but not anything new
For UJO although at least giving a summary of sorts………………….

Union Jack Oil: Navigating Growth in UK and US Energy Markets

Union Jack Oil plc (Ticker: UJO) continues to solidify its position as a leading onshore energy company, focused on production and exploration in both the United Kingdom and the United States. With a carefully balanced portfolio of assets, the company is leveraging opportunities in oil and gas while maintaining a disciplined approach to exploration, production, and financial management. Recent updates and strategic decisions highlight a company poised to deliver long-term shareholder value while navigating the complexities of the global energy market.

UK Operations: A Foundation for Stability and Growth

Wressle Oilfield: Delivering Record Revenues
The Wressle Oilfield, located in Lincolnshire, remains a cornerstone of Union Jack’s operations in the UK. The company’s 40% interest in PEDL180 and PEDL182 has proven highly lucrative, with the site generating over $20 million in revenue since the Ashover Grit reservoir came online. This consistent performance has positioned Wressle as one of the UK’s most productive onshore oilfields.

Planning permission for a gas export pipeline, initially granted in September 2024, was recently rescinded due to new environmental requirements stemming from the Supreme Court Finch ruling. Union Jack is working with its partner Egdon Resources to address these challenges by providing updated analysis of Scope 3 greenhouse gas emissions. Once resolved, this development could significantly reduce flaring and open a new revenue stream, further enhancing Wressle’s profitability. Future drilling activities are also planned to maximize resource extraction and secure long-term production.

West Newton: Unlocking Strategic Energy Potential
Union Jack holds a 16.7% interest in PEDL183, home to the West Newton discovery in East Yorkshire. This project is strategically significant due to its location within the Humber region, the UK’s largest energy hub. With base case estimates of 146.4 million barrels of oil and 211.5 billion cubic feet of gas, West Newton represents a critical opportunity for low-carbon hydrocarbon production.

Recent appraisal work continues to de-risk the Kirkham Abbey reservoir, with additional activities planned for 2025. These efforts aim to support the UK’s energy security by leveraging domestic resources in a region traditionally reliant on imports. For Union Jack, West Newton is a key component of its growth strategy, offering both environmental and economic benefits.

Biscathorpe, Keddington, and Other UK Projects
Biscathorpe remains one of Union Jack’s most exciting exploration targets. Preparations are underway for the B-2Z side-track well, which will test both the Dinantian Carbonate and Basal Westphalian Sandstone reservoirs. Estimates suggest up to 36 million barrels of oil in place under the upside case scenario. Planning permission granted in November 2023 provides a clear path for further exploration and potential long-term production.

Keddington Oilfield, meanwhile, continues to deliver stable production, with opportunities for in-fill drilling to increase output. Fiskerton Oilfield and North Kelsey add further diversity to Union Jack’s UK portfolio, with the latter offering potential multi-reservoir production opportunities.

US Ventures: Expanding Beyond UK Shores

Union Jack’s recent entry into the US oil and gas market marks an exciting new chapter. Partnering with Reach Oil & Gas, the company has begun drilling the Taylor-1 well in Oklahoma. Targeting multiple hydrocarbon-bearing intervals, early results indicate promising resource potential.

This diversification reflects Union Jack’s proactive approach to mitigating regulatory and fiscal challenges in the UK, such as the Energy Profits Levy. The US venture not only broadens the company’s revenue base but also offers exposure to a more flexible regulatory environment, complementing its UK operations.

Financial Strength and Operational Discipline

Union Jack’s financial results for the first half of 2024 demonstrate resilience and strong cash management. Despite a dip in oil revenues compared to 2023’s record highs, the company maintained profitability, reporting a net income of £789,000 on revenues of £2.34 million. With a robust cash position and no debt, Union Jack is well-equipped to fund ongoing projects and pursue new opportunities without diluting shareholder value.

The company’s commitment to shareholder returns is evident in its dividend program and share buybacks, which have collectively returned over £3 million to investors. This disciplined approach underscores Union Jack’s focus on creating sustainable value while maintaining operational flexibility.

Risks and Concerns for Investors

As with any energy company, Union Jack faces risks. Regulatory delays in the UK, particularly around planning and environmental approvals, can impact project timelines and increase costs. The recent challenges at Wressle highlight the complexities of navigating evolving environmental standards.

The integration of US operations introduces additional complexities, including exposure to commodity price volatility and operational risks in new territories. Additionally, the company’s reliance on stable oil and gas prices to support profitability leaves it vulnerable to market fluctuations.

Investors should also consider the challenges of scaling exploration assets to production and monetization phases, which require significant time and resources.

Outlook: A Balanced Opportunity for Investors

Union Jack Oil’s strategy of balancing UK-based production with international exploration offers a compelling value proposition for retail investors. The company’s proven track record at Wressle, its ambitious plans for West Newton, and its foray into the US market provide multiple avenues for growth. These opportunities are underpinned by disciplined financial management and a commitment to shareholder returns, making Union Jack a standout in the onshore energy sector.

For investors, Union Jack represents a blend of stability and potential upside. While risks remain, particularly around regulatory and operational challenges, the company’s diverse portfolio and strategic focus provide a strong foundation for long-term success. Whether you’re drawn to the steady cash flow from Wressle or the transformative potential of new ventures like Taylor-1, Union Jack Oil offers a well-rounded opportunity in the evolving energy landscape.
Posted at 27/12/2024 08:04 by likeawalrus
an interesting article albeit only half the story. if there is to be significant consolidation of AIM companies, perhaps UJO should have a look at NTOG - share price on its knees with a further fall likely but the Texas assets could be promising. No I'm not an NTOG shareholder and it's not a cross-ramp, just a genuine suggestion that there may be opportunities for UJO to cherry pick some of the struggling oilers
Posted at 28/11/2024 09:27 by likeawalrus
1347, unfortunately you're right. that's why I am very cautious with ujo's RNSs these days. I'm probably Mr negative to many, but when does anything happen on time or deliver as promised by Bramhill? Yes we have 2 producers Stateside, possibly a 3rd soon but the results are far below Bramhill's ramping, then there's the "3 drills in Q4", does anyone still believe that?

On the bright side, if UJO strikes oil 2 or 3 times a year in the US, the share price will recover but anyone believing that UJO will become a "mid-tier" is deluded
Posted at 15/11/2024 08:18 by likeawalrus
it's true that ujo has no debt but every placing has more or less halved the share price - that seems to be the price we pay for "no debt" - if Wressle expansion is back on in 2025, UJO will need £5m capex...placing or debt?
Posted at 01/11/2024 08:46 by maxwell
SP Angel blurb giving share price 66p price target against Zeus share price target of 70p
Posted at 24/9/2024 11:52 by likeawalrus
from Europa's 2023 accounts

For PEDL180 the partners have agreed to drill two development wells and to construct a gas export line. These activities are contingent upon the budget being approved by the JV partnership, the timing of environmental permitting and the availability of a suitable rig. The total net cost to Europa for the work programme is estimated to be £0.5 million in 2023 and £3.7 million in 2024.

...2024 is now 2025, if EOGs 30% capex is £3.7m, that means UJOs 40% capex is £5m

UJO had £3.15m cash as at 30.06.24

UJO has to fund capex for Wressle expansion and possibly WN in 2025

Will UJO secure a loan facility or will Bramhill re-issue the Treasury shares and/or have a placing?

Is that why the share price is dropping?
Union Jack Oil share price data is direct from the London Stock Exchange

Union Jack Oil Frequently Asked Questions (FAQ)

What is the current Union Jack Oil share price?
The current share price of Union Jack Oil is 9.75p
How many Union Jack Oil shares are in issue?
Union Jack Oil has 106,565,896 shares in issue
What is the market cap of Union Jack Oil?
The market capitalisation of Union Jack Oil is GBP 10.39M
What is the 1 year trading range for Union Jack Oil share price?
Union Jack Oil has traded in the range of 8.75p to 27.50p during the past year
What is the PE ratio of Union Jack Oil?
The price to earnings ratio of Union Jack Oil is 12.04
What is the cash to sales ratio of Union Jack Oil?
The cash to sales ratio of Union Jack Oil is 2.05
What is the reporting currency for Union Jack Oil?
Union Jack Oil reports financial results in GBP
What is the latest annual turnover for Union Jack Oil?
The latest annual turnover of Union Jack Oil is GBP 5.07M
What is the latest annual profit for Union Jack Oil?
The latest annual profit of Union Jack Oil is GBP 859k
What is the registered address of Union Jack Oil?
The registered address for Union Jack Oil is 6 CHARLOTTE STREET, BATH, BA1 2NE
What is the Union Jack Oil website address?
The website address for Union Jack Oil is www.unionjackoil.com
Which industry sector does Union Jack Oil operate in?
Union Jack Oil operates in the FINANCE SERVICES sector

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