Union Jack Oil Share Discussion Threads

[whattheduce] 01/10/2019 13:27

lol, Boris on the Today program this morning when the interviewer tried to trip him up over the 350m bus, retort was for Corbyn's 1b a month brexit cost, "we'll need a bigger bus to fit that one on". Absolute gold.

[currypasty] 01/10/2019 12:27

any update on this?

theblackbaron
27 Sep '19 - 08:03 - 1990 of 2028

Nice private investors podcast on Monday I think on Ujo

[atino] 01/10/2019 11:59

Welcome to “Atinos”...pro-plus club 😉😜 (...where the “pro players” play 😉🙇)

Atino...against the REST 💪🏻 😎 (...bring it on:-)

[jammydodger1] 01/10/2019 09:58

C oil dumping

[ragnarr] 01/10/2019 09:48

Daddy knows best :-)

[maxwell] 01/10/2019 09:36

As expected further drilling to confirm possible numbers at Bisca, plus these procedures etc. usually take longer than first thought.

Production early next year at Wressle anticipated, although might just slip a
little depending on weather etc..... but after all the waiting & arguments what
are a few more months.

Trading busy so far & average above a mil etc

[atino] 01/10/2019 09:22

My Great “Atino” 👌🏻😉🙇 (thank you 😍) 👍


Munch...

Brunch...

Crunch...

😤


ONLY IS MY ARTICULATE “ATINO” - DO I TRUST 😉👍🙇

[lageraemia] 01/10/2019 09:04

From today's Egdon Update:

Biscathorpe

Further detailed technical analysis of the data from the Biscathorpe-2 well reported in July 2019 has upgraded the well results. The results of a revised petrophysical analysis and detailed geochemical analysis of drill cutting samples undertaken by Applied Petroleum Technology (UK) Limited ("APT") confirmed the likely presence of a 35 metre column, of good quality oil, within the Dinantian interval. This, along with the elevated gas readings and oil shows over an extended interval in the well, are indicative of proximity to an effective petroleum system and validate the potential that exists within the PEDL253 licence area.

Subsequent to our last update substantial progress has been made, including the reprocessing of 85 square kilometres of the existing 3D seismic data. The results of the interpretation of these data will be reported on in due course and will inform the next steps for the project which could include a side track of the suspended Biscathorpe-2 well that would target reservoirs in the Westphalian and Dinantian. Any future drilling would require additional consents including planning permission.

Wressle

The Wressle oil development has the potential to add 150 bopd to the Company's production. Egdon's extensively revised development proposals for the Wressle oil discovery were refused planning consent in November 2018, with that refusal appealed in February 2019.

The public inquiry in respect of Egdon's appeal against this refusal will be held between 5 and 13 November 2019. Egdon's case will be presented by a QC supported by expert witnesses. The timing of the public inquiry has resulted in the company delaying its preliminary results announcement to 19 November 2019.

As advised in July 2019, North Lincolnshire Council will no longer present evidence at the public inquiry having withdrawn its case in respect of this appeal following agreement of acceptable planning conditions during August 2019. A decision is expected around the turn of the year. Should approval be forthcoming Egdon will need to discharge all conditions prior to commencing operations and would hope to have first production some six months after a decision.

[oilbuy] 01/10/2019 08:56

Your living in fantasy land !

[maxwell] 01/10/2019 08:49

Seller today as the buys are 4:1 & still marked down, this may
be the lowest point if it has been waiting to top up..........

[bionicdog] 01/10/2019 08:47

What a world we live in. Social media groups made up entirely of disgruntled UKOG holders pretending to be disaffected UJO holders. Never mind , it's an investment not a lottery ticket.

[ragnarr] 01/10/2019 08:46

Topped up another 2m - thank you very much

[linton78] 01/10/2019 08:32

Perfect head and shoulders on the long term chart.

[1oughton] 01/10/2019 08:30

How is Chris oil getting along here I wonder

[currypasty] 01/10/2019 08:29

mcap £26m... seems too cheap to me, Wressle production should support that on its own, imo

[currypasty] 01/10/2019 08:27

I bet someones phone will be red hot this morning

[triple seven] 01/10/2019 08:09

I'm very worried,taken to long here

[oilbuy] 01/10/2019 08:05

Wheres the oil production / flow rates.Market cap of £40m was clearly over inflated. At £28m its still at the top end. EDR is valued at £14M with just under 200 bopd.