Union Jack Oil Share Discussion Threads

[bionicdog] 11/7/2019 18:19

Take your squabbles elsewhere. Yellow card.

[theaviator] 11/7/2019 17:53

Dont tar me with who you hang out with..squeeky clean moi. Hows his obc doing? Pmsl

[theaviator] 11/7/2019 17:42

Secondly who gives a toss about California at moment? It'll come. Also Parta. Point is eggs/baskets one trick pony man. Can you seriously not work out in that public school boy brain value by comparison???!

[theaviator] 11/7/2019 17:35

Firstly how is saying 'ill sort him on twitter' a death threat? You and your sawn off mates ramping disgusting you paranoid little geek

[markfrankie] 11/7/2019 16:46

"it would be nice to just be left alone to get on with it"
I think there has been predatory interest..... imho only!

DB wants to stay in the game... so so much more in ujo than WN west-newton.

[markfrankie] 11/7/2019 15:42

timw3 you are wrong,

[theblackbaron] 11/7/2019 15:26

Arr the death threat man really well Ujo made more money so far idiot and California delays suggest bad news plus the fact Ujo has a direct interest on west newton not a share in a private company Rathlin these peeps are silly.

[theaviator] 11/7/2019 14:45

Deramping rbd i see bell end. RBD has bigger piece of pie than ujo you pillak. AND extras. Imagine when Parta hits. Now be a good boy before you make angry. That aint a good look.

[guesswhosback2] 11/7/2019 09:05

There also remains the possibility of a WN B well being drilled before year-end, targeting further upside from the Kirkham Abbey gas and liquids discovery as well as the deeper Cadeby Reef prospect that is a 79 million barrel oil target


Now this is important.....imagine when news breaks on that.

[maxwell] 11/7/2019 08:31

Something said ?? Find out if can!!!

May just be the Angel share price guide of £0.0055 let’s hope so.

[fillipe] 11/7/2019 08:20

Asking 0.25p.

f

[timw3] 11/7/2019 08:14

6 weeks away.. only rising due to ramp fest started on twitter by usual crew..

pump and dump

[telbap] 11/7/2019 08:11

Anyone know when testing of west newton will be started? Only info I can see is it will be 4-6 weeks once started. TIA

[markfrankie] 11/7/2019 07:31

SP Angel Flash NoteToday 04:54

best estimate contingent resources of 189 bcf of gas and an NPV10 in excess of $300 million. Following the successful drilling of the well the likelihood is that this estimate will increase substantially, especially if it is liquids-rich.
The well itself encountered a substantial hydrocarbon accumulation within the Kirkham Abbey primary target, with a net 65 metre hydrocarbon interval. Below the gas target that was confirmed on logs, coring and logging of the well also confirmed a significant liquids column (presumably light oil or condensate).
The EWT is expected to give much greater clarity on the quality of the liquids as well as the reservoir characteristics. The deeper Cadeby Reef target also had hydrocarbon shows and will be further tested by a future appraisal well, likely the West Newton B well, and potentially before the end of the year as it already has planning permission and funding.
The budget for the West Newton A-2 well was £4.6 million, with UJO liable for £1.15 million. It is understood that the well took around 50 days to drill and core versus the original estimate of 40 days, although it was still completed within budget. The over-run was largely down to the extensive coring and logging that was undertaken on the well.
Following the £2.25 million equity raise, the company is now in a strong position to progress West Newton. The company is now fully funded for the EWT, which should commence in early to mid-August. The estimated cost of the flow test net to UJO is around £0.7 million and initial results could be as soon as late August.
On the back of this successful appraisal well result we feel comfortable reducing our risking on West Newton and also including a liquids column element in our valuation.
This has the impact of increasing our target price from 0.44p previously to 0.55p, or nearly 3x the current share price. It should be stressed that there remains considerable upside from here.
This could be one of the most significant onshore discoveries made in the UK in years, if not one of the largest ever. With the EWT commencing in August, there could be a material near-term catalyst for the UJO share price.
There also remains the possibility of a WN B well being drilled before year-end, targeting further upside from the Kirkham Abbey gas and liquids discovery as well as the deeper Cadeby Reef prospect that is a 79 million barrel oil target

[rwells4474] 10/7/2019 17:48

What a great share this is ?

[bionicdog] 10/7/2019 16:44

UJO up UKOG down hallelujah.

[mhin2] 10/7/2019 14:05

ujo and rbd starting to move in tandem...bodes well