Union Jack Oil Share Discussion Threads

[bionicdog] 17/8/2023 14:13

bsg
They'd be paying us money if it was!

[currypasty] 17/8/2023 14:12

the current system rewards not pushing too quickly

[bsg] 17/8/2023 13:16

It's a real shame that the BODs salary package isn't linked to share price performance. It may make them pull their fingers out more.

[likeawalrus] 17/8/2023 12:38

we deserve an update from Egdon regarding progress at Keddington, that's the big one for 2023, sweet fa happening with our other assets

[currypasty] 17/8/2023 12:25

nothing but waffle for a long time now on ujo twitter feed

"@UnionJackOilplc
Union Jack is firmly dedicated to sustainability, making continuous efforts to reduce the ecological and societal impact of our operations.

To identify and lessen possible risks, our site teams execute rigorous assessments of environmental and social impacts.

We've also implemented strategies focused on improving energy efficiency:

[likeawalrus] 17/8/2023 11:51

I emailed north lincs council again, asking why I hadnt received a reply to my questions re the "EIA screening request for proposed new wells and underground gas pipeline" from 3 weeks ago. They said they had no record of 'Reference PA/2023/1101' so I emailed them a link to their own website - no response so far.

[1347] 17/8/2023 11:43

So Wressle - gas to wire and new CPR being can kicked...
North Kelsey - can kicked so much they lost planning permission then messed up the latest appeal.
Keddington - drill being can kicked
Fiskerton - water injection being can kicked
Dukes Wood - Geothermal being can kicked
West Newton - being can kicked

Did I miss anything? There's only Biscathorpe where they are not can kicking, but the Inspector's doing that for them..

[likeawalrus] 17/8/2023 09:04

this is what Red Rock Resources said in April - it sounds as though they want to exit asap

Our longstanding investment in Elephant Oil Corporation, which has filed a form S-1/A with the SEC with the intention of listing on the U.S. markets, takes us into what has become one of the most interesting oil exploration provinces, in Namibia, as well as onshore Benin on the Nigerian border. The listing has been delayed beyond our expectation, but we are still anticipating this proceeding this year and after the six-month lock-in we will have the opportunity of realizing our investment.

[greypanther2] 17/8/2023 08:22

I reckon the political situation in West Africa didn't help. One of Elephant's two main areas of interest is an onshore licence in Benin, and Benin shares a border with Niger. Although Elephant's licence is some way away from the border, this can only have added to potential investors view of the risks involved.

[likeawalrus] 17/8/2023 07:39

Elephant IPO scheduled for the 15th didnt happen (again) - apparently re-scheduled for September. I assume this means there was little interest?

[markfrankie] 16/8/2023 17:41

Look if ujo hadn't have lent edr the money to progress at wressel we would now have less in the bank and short of the interest on the money we lent
Give db some credit

[likeawalrus] 16/8/2023 17:01

when the C65s were due to come online the lse rampers were saying 1200-1400bpd which didnt make any sense based on RNS statements, at best 950bpd was feasible, even that was too high. When we see the nsta data for July, I suspect people are going to be shocked by how much production has dropped due to waste water, hopefully I will be wrong.

[ctunit] 16/8/2023 15:54

I'm glad she does not post on here, it's the last thing this forum needs.

[bionicdog] 16/8/2023 15:35

Shame she doesn't post on here.

[ctunit] 16/8/2023 13:44

LSE has become the Heid show
She has driven everyone away with her ramblings about herself.

[karina] 16/8/2023 09:52

31k and 50k buys too No movement as yet

[likeawalrus] 16/8/2023 09:47

that's good to hear, perhaps we have reached a turning point?

[ldbart] 16/8/2023 08:59

60K and 93K buys today

[1347] 16/8/2023 06:20

Look UJO have been in bed with Eggedon for years, even lending them money at one point and holding shares in the company. To suggest, as some do, that DB has no say in what's happening is just not credible in my view and even if it were then is it a good idea to 'invest' in a company that is effectively a sleeping partner? Same with the West Newton white elephant.

I tend to think that it's no skin of his nose if the can gets kicked further down the road, which is what is happening and the share price drifts down as a result (with not even a leaked placing to spike it). By delaying things, especially the drill at Keddington, they've missed increasing production at a time when energy prices are relatively high and the regulatory hurdles and costs are not going to get better with time are they.

[markfrankie] 15/8/2023 21:14

Agree about water-cut. what should ujo have done then?
Tge sooner cankicking edr are taken over by heyco tge better... ujo are ready willing and able...and been waiting

[tiggermike] 15/8/2023 21:13

Apologies Will do-- Promise.