Union Jack Oil Share Discussion Threads

[likeawalrus] 26/4/2024 16:35

I see DorD has picked up on my post from yesterday re wressle

[currypasty] 26/4/2024 16:15

bacon energy off to the races.. how many have we got?

[maxwell] 26/4/2024 16:01

MM’s determined to bring down so that a greater rise Monday on news methinks - could be wrong but seems par for the course at the moment……………;..

[maxwell] 26/4/2024 14:19

Volume good both buying & selling just has the edge….

[currypasty] 26/4/2024 13:20

Bacon energy trades seem to be getting stronger, ready for RIG next week

[likeawalrus] 26/4/2024 13:17

nsta data for feb out on wednesday, db says 530bpd av. for Q1 so it will be easy to calculate March's data

[currypasty] 26/4/2024 13:01

dummy trades suggest they want your shares, but not sell any in quantity

[lageraemia] 26/4/2024 12:31

Price drops, and market buy orders not filled this morning.......

Smells like brokers trying to fill a sub-market price order by dropping the offer price.

[cashandcard] 26/4/2024 11:23

I get the feeling this is where UJO is heading, replacing the declines in UK with USA production and royalty income. Whilst Wressle has breathed life into this company, they rest of the UKCS portfolio has been lacklustre. So the USA which the company need to expand in is the only option. Cash

[likeawalrus] 26/4/2024 09:14

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

[currypasty] 26/4/2024 09:09

no one knows till the pump jack has been in operation for a while to get up to stabilised production There is obviously enough oil there to be worth the effort.

They are up and running quite fast, perhaps we will get a RNS early next week to clarify.

IMO, a few took profit, and the MM's are happy to slash the price to encourage more sellers.. Someone asked where MM's were getting stock from, well again IMO they sell short into any spike, and pick them up later, like now!

On tuesday they were selling for 28p, today they have got a few back at 23p

[maxwell] 26/4/2024 09:05

Sellers keeping MM’s happy

[bsg] 26/4/2024 08:58

Probably not good news to come.

[maxwell] 25/4/2024 09:49

Must be the reason MM’s marked down even though 2:1 buying so far, just wonder where all the shares coming from to satisfy volume

[likeawalrus] 25/4/2024 09:39

EA also want lots of additional information - as you say, slows it down by a few months, maybe before the planning committee in Q4?

[maxwell] 25/4/2024 09:32

Slows everything down by a few months - but not actually a dead halt

[likeawalrus] 25/4/2024 09:21

archaeologists not happy for wressle planning application to proceed until significant work has been undertaken to establish absence of archaeology

[bionicdog] 25/4/2024 09:08

They don't really do the testing that we would do over here.

[currypasty] 25/4/2024 09:05

IMO arrival of pumpjack but no updates suggests to me well is a success, and they are putting straight onto production.

Could mean a bit more time to get it hooked up and then up to stabilised flow


I guess a few sellers and price off a tad today means a few dont want to wait or are taking profit... I think im in profit, but no where near enough for all the pain the last few years...lol

[likeawalrus] 25/4/2024 08:46

Pumpjacks average 20 strokes per minute with volumes ranging from 1 – 10 gallons per stroke. The largest units can extract more than 5 barrels per minute.

this looks like quite a big pumpjack!

[maxwell] 24/4/2024 22:27

Few sellers today hope they are happy with any profit - still need quite a climb to reach my buy start price back in 2012 although I am happy with current developments, but just wish the uk can find some decent leaders amongst the next lot of hopefuls canvassing our streets.

[currypasty] 24/4/2024 18:25

Donkey only just arrived, could be a bit yet before a steady flow rate rns?