Union Jack Oil Share Discussion Threads

[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?

[ashleyjv] 24/4/2024 17:18

RNS tomorrow?

[likeawalrus] 24/4/2024 14:31

I recently emailed EOG regarding the difference between EOG's av. for nov/dec/jan of 530bpd and the nsta av. for the same period of 502bpd.

Here is the first reply "Production from 1st November 2023 through to end January 2024 averaged 530 bopd, and coincidently, production from 1st January 2024 through to end March 2024 also averaged 530 bopd - i.e. average well production has been relatively steady over both these periods. On the back of your message, we have now contacted the Operator to query the NSTA reported figures as we believe the production reported via NSTA for December 2023 is erroneous, thank you for bringing that to our attention."

having asked for an update, here is the second reply -

"Following discussion internally and with Egdon, it has been established that the discrepancy is due to the number of days over which production is averaged. The NSTA report reflects the actual oil produced over a month divided by the calendar days in that month. In December 2023 the well was shut-in during the festive period for 5 days and consequently the NSTA numbers are lower because that average factors in these down days, rather than the actual average production rate calculated with reference to only the days when the well was producing. On that basis, the NSTA figures are not incorrect, but based on a different calculation methodology."

nsta says 439.4bpd for 31 days or 523.9bpd over 26 days. Based on EOG's answer production was 531.5bpd over 86 days which tallies with their RNS

imo their statement "Over the three months to January 2024, after the completion of the jet pump installation at Wressle, production has averaged over 530 boepd" is incorrect.

[plasybryn] 23/4/2024 14:14

https://youtu.be/fgf5eg8TAJI?si=zHVZPZm5r5Hn3bPf

[ashleyjv] 23/4/2024 13:55

British company so ££££

[likeawalrus] 23/4/2024 13:17

in light of our expansion into the US, I hope Bramhill has asked Egdon to transfer some Wressle revenue in USD. that plus all US revenues being in USD, could we see future dividends distributed in dollars?

[currypasty] 23/4/2024 13:05

30p by AGM ?

[tnt99] 23/4/2024 13:01

In bramhill we trust!!1pound by Christmas!!!

[cashandcard] 23/4/2024 12:01

From the interview;......'There are clear plans afoot to expand, quite aggressively actually in the US'.....Loving it. Lets not waste anymore money on groundhog Day UKCS and go where things actually happen.Cash

[1347] 23/4/2024 11:54

Aren't we due to hear about testing around today? Could that be the cause of the recent rise? Funny they've also chosen today to announce the USA investor conferences?

[currypasty] 23/4/2024 11:50

From ukcolumn.org
Union Jack Oil plc
@UnionJackOilplc
·
7m
#ujo

Interview with Proactive's Stephen Gunnion and Craig Howie, our new independent non-executive director 💪

[cashandcard] 23/4/2024 11:47

Thetoonarmy,Agree with you. I would like to see those treasury shares cancelled Asap.No good reason to keep them. Using them in a deal or some other swap, opens the door to shorting.Cash

[currypasty] 23/4/2024 11:44

Ill feel happier when the treasury shares are actually in profit... what was the last ever buy ? 30p ++

[likeawalrus] 23/4/2024 11:30

I'm hoping he will use the treasury shares to buy more interests in the US, obviously with a lock-in period - not sure if that's possible

[thetoonarmy2] 23/4/2024 11:03

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.

[maxwell] 23/4/2024 09:55

Seem to be all buying hence where are the bought shares coming from as MM’s never hold many shares per always rely on tipping quickly with panic movement etc.

[cashandcard] 23/4/2024 09:16

Good to see Harbor-Access starting to work on PR. Cash