Union Jack Oil Share Discussion Threads

[atino] 04/9/2019 06:45

PS (...Atino has NOT made these passages of quotes up)...it’s coming DIRECTLY from YOUR GOVERNOR 🤦‍a94;️ !

[atino] 04/9/2019 06:42

Poor desktop research 🤷🏻‍♂️💭 ??? what woeful petrophyics must have been conducted (...in order not to realise that there was any potential for liquid hydrocarbons down there there). I love these little snippets of words from your 👨‍8188; chairman’s 👄:

- “the whole situation has flip-flopped“
- “If it’s connected”...
- “I would want everyone to keep their feet on the ground, you have to, this is a hydrocarbons game and sometimes it can give you surprises”
- “if you ask me, maybe a few hiccups on the way”

[atino] 04/9/2019 06:27

Good morning wretched BB 😃

Asian markets over night slightly gain


(Quote, 3rd Sept) Union Jack Oil (LON:UJO) Executive Chairman David Bramhill caught up with DirectorsTalk for an exclusive interview to discuss their latest West Newton update.

Q1: Some more exciting news out with results in from the West Newton A-2 well, could you just talk us through the highlights?
A1: Yes, it’s one massive highlight as far as I’m concerned, a surprise really. All along we’ve been working on information that this was a very very large gas discovery, that’s not the case, we’ve proven that beyond any doubt now. The 189 Bcf gas equivalent, it’s not there, the majority looks to be oil. So, the whole situation has flip-flopped which is very good, all of this is a lot more valuable, still, there’s lots of work to get done.

Q2: Given that this is now an oil and gas play, how does this change things for Union Jack Oil?
A2: It changes on our valuations situation, I’ve always said this is still early days, we’ve had two really good wells and the next well, the B-1 West Newton, is going to put the cap on everything. If it’s connected 🙇, which we believe it is through seismic and a hell of a lot of work that’s been done by Rathlin and our team as well, to have a major oil play rather than a gas play is worth a lot more. A nice, different but better project with oil.

Q3: You’ve said that this is a significant oil development oil project for Union Jack Oil but it’s great news for UK, isn’t it?
A3: There’s still a lot of time to go, I would want everyone to keep their feet on the ground, you have to, this is a hydrocarbons game and sometimes it can give you surprises. So far, so good. I see nothing not to like about this project, to be honest if you ask me, maybe a few hiccups on the way 🥺 and there’s a lot of work to get done but it’s certainly a bright start, I must say.

Q4: What are the next steps for Union Jack Oil? What can we expect to see over the coming months?
A4: Research, research and more research. The more we learn about this prospect, the better and we’ve learned a lot. Just this one well, basically, what a value-added situation because this is what happens when you punt some good money in. The last well didn’t have any core taken, this well we took 30 metres of core and it tells you everything you need to know. Amazing, absolutely amazing.

[lageraemia] 03/9/2019 23:19

One of my shoelaces got a grade E in GCSE English.

[deadly heisenberg] 03/9/2019 20:37

Doubt they have money for this year xmas party

[deadly heisenberg] 03/9/2019 20:37

Lager is the pikey nonce, hahaha he left his little pikeys behind for a colombian ho.



Now now on a serious. Shares do not go in a straight, aimMong the nonce has lost his shirt again.


Nothing will happen for many month or years

[atino] 03/9/2019 17:08

(Quote) “The more Trump tweets, the worse it is for stocks, research finds” 🙇

It’s well known by now that President Donald Trump has the power with a single tweet to move markets up or down.

Less well known however is that the frequency of the president’s tweets also move markets.

Bank of America Merrill Lynch studied daily returns for the S&P 500 (^GSPC) on days when Trump writes more than 35 tweets in a day, versus those where he types fewer than five of them.

The broker found the difference was statistically significant 😳🤔 with a 9 basis point drag on days where Trump is pounding out tweets fast and furious versus a 5 basis point tailwind on days where he mostly stays off the platform.

There really isn’t much anyone outside the White House or Trump’s closest advisers can do, so the advice from the BofA team is simple enough: “tread cautiously.”

[baz33] 03/9/2019 17:07

Need a massive bounce !!!! Come on dogs

[baz33] 03/9/2019 17:06

Its dog eat dog guys. This will never go to 3p or 4p because people will cash out as soon as they make 100 quid

[whattheduce] 03/9/2019 16:45

mmmm dropping faster than my bank balance when her indoors is on holiday. Staying out for sometime yet. if chrisoil is trying to lever the price with high steaks poker, his problem. I suspect he hasn't got the margin on this one and will dump very fast and aggressively to cover losses. Might look after 50% drop but too risky for me now.

[maxwell] 03/9/2019 14:46

It’s always being manipulated that’s how MM’s make a crust of bread
the little darlings.........

[telbap] 03/9/2019 12:25

Needs badly to bounce from here to keep in its 3 month up trend. It would certainly appear it is being manipulated, but who knows!?

[likeawalrus] 03/9/2019 11:42

the potential for this company (and of course the sp) is quite staggering, obviously there could be bumps in road (sorry Boris!) but today's share price will hopefully be a distant memory in 6 months time

hxxps://www.californiajoe.co.uk/union-jack-oil-a-caged-monster-awaiting-release

[bionicdog] 03/9/2019 11:42

Union Jack Oil, a Caged Monster awaiting release!
By Chris Bailey•03 Sep, 2019

Well, it's certainly been a bumpy ride the past week as the share price retraced after the news that a substantial oil find has been discovered that could eclipse any discovery in recent years. Of course, we all know that until it is actually proven, the market will reserve judgement and not allow the value to exceed the evidence.

Now, in the case of UJO, unlike many Aim oilers, we are incredibly fortunate to have one of the most experienced companies drilling the West Newton A2 well. Rathlin Energy have a raft of successful drilling operations behind them and they will have the best idea of exactly what has been discovered. They are, I am sure, still analysing and testing what appears to be a multi zone well. Without even perforating the Cadeby formation where our oil hopes lay, it would appear we have the oil in the Kirkham Abbey. Additionally, it would seem the original gas discovery in West Newton A1 well could also contain the same results.

It has now been confirmed that the previous CPR has likely been grossly underestimated. That what was a company transforming gas discovery could now be oil as well. A 45 metre column of oil has been identified below a 20 metre gas column and this is in just one section of the depth drilled.

The operator from what I can ascertain used a Raptor cased hole evaluator, the most sensitive pulsed-neutron tool ever built. This piece of equipment can detect through-casing oil, gas, and formation water.

Enhanced carbon-oxygen (C/O) technique
Determines bypassed oil location and volume
Identifies and corrects for carbonate lithology and cementation effects
Proprietary N-Vision technique
Determines bypassed natural location and volume
Quantifies gas-liquid saturation in porosity ranges as low as 5%
Enhanced sigma technique
Delivers water-saturation in porous, high-salinity formations
Measures the diffusion-corrected formation sigma derived from four-detector mixing

I believe this equipment have given Rathlin a superb insight into what we have and when they say "highly significant" they know exactly how significant this discovery is and what they will be able to do with it.

There has been reference made to Wytch Farm in terms of the size of the reservoir, the aerial extent of our reservoir was measured to be over 4500 acres. This is more than just substantial, this is potentially massive and the major oil companies WILL want it and they WILL pay an absurd amount for it. UJO has a large cash windfall in the making which will transform them into a mid tier, self financed oiler with the largest onshore, unappraised hydrocarbon discovery in the UK to develop. Can you imagine what this amount of cash will do for the development of Biscathorpe? The future for shareholders in this company is mind blowing and once things become clearer, the market will have no choice but to allow the value to meet the potential.

There has been much speculation over the past week about the reason for pausing the EWT. The main reason that I can ascertain was the operator and the partners were drilling this well expecting a major gas play. The equipment on site was there to deal with that. It was not there to deal with a 45 metre oil column. The whole plan has now changed and further investigation and analysis is certain to be underway. One thing is for sure though, very exciting news is on the way.

On the bulletin boards there are those that would like to instil fear and uncertainty, this is amplified by the recent retrace in the SP, but mark my words, these naysayers are no less confident than you or I, they just want to see the value decrease in order to maximise their profits by buying in on the cheap. There is nothing new in this, every AIM stock suffers with it and I am never unnerved by it, I expect it.

When this information was released, it had to go before the company Nomad. The information would have to have been clarified with no doubt before it would have been signed of to RNS. It is indisputable.

We are presently awaiting a revision of the well test design because of this unexpected, yet HIGHLY SIGNIFICANT oil column that has now been added to the pot.

Wherever the share price may go over the next few weeks, inevitably for Union Jack shareholders, we are all sat on a monster that is presently caged.

[likeawalrus] 03/9/2019 11:34

hxxps://www.californiajoe.co.uk/union-jack-oil-a-caged-monster-awaiting-release

new article posted today, very bullish on West newton

[lageraemia] 03/9/2019 11:09

Has anyone any recollection of timescales being applied to the North Kelsey prospect in the same area?

It's drill ready:

hxxp://unionjackoil.com/projects-2/north-kelsey/

I suppose Egdon are the operator. If anyone gets a chance to ask Dave B, please do.

[bakedbean] 03/9/2019 09:59

Oops they've all disappeared trying to get through to their brokers lol ... frantic on the recorded voice menu to close their position :)

[maxwell] 03/9/2019 09:54

MM’s only have 1 priority & that is to show a profit so up/down they don’t
really care a damm & have no loyalty to any co or person. Hence never be led
by the movement of share price only, true facts about the co & the share price will inevitably
follow albeit slowly so patience is a virtue. Value will always win........

[wisteria2] 03/9/2019 09:51

700 bopd according to DB... Wrestle will produce so yes Theaviator will be trans formational 3.5 million dollars a year!

[markfrankie] 03/9/2019 09:49

so true bakedbean
let the share price do as it likes..... our value is there in the ground.
I also hope some of the foulmouthed ones get caught outside on the next rise.

[bakedbean] 03/9/2019 09:45

Shorters running for cover as we speak ?

[theaviator] 03/9/2019 09:44

Well am expecting great news on Wrestle Q4 too. It's actually a v good eggs baskets play too when you really look into it.