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UJO Union Jack Oil Plc

23.50
0.25 (1.08%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Union Jack Oil Plc LSE:UJO London Ordinary Share GB00BLH1S316 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.25 1.08% 23.50 23.00 24.00 23.75 23.25 23.25 93,344 16:24:43
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 8.51M 3.61M 0.0320 7.34 26.49M
Union Jack Oil Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker UJO. The last closing price for Union Jack Oil was 23.25p. Over the last year, Union Jack Oil shares have traded in a share price range of 14.25p to 33.00p.

Union Jack Oil currently has 112,715,896 shares in issue. The market capitalisation of Union Jack Oil is £26.49 million. Union Jack Oil has a price to earnings ratio (PE ratio) of 7.34.

Union Jack Oil Share Discussion Threads

Showing 6801 to 6823 of 33325 messages
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DateSubjectAuthorDiscuss
08/11/2019
22:44
(Quote 🙇) Study of ‘ancient village’ needed before work starts on Rathlin’s new well site

Rathlin Energy has confirmed it cannot begin work on its second oil and gas site at West Newton, north of Hull, until there has been an archaeological survey of what could be an ancient village 😳🥺

The company was granted planning permission in June 2015 to drill and test two wells and build an access track at the site, known as West Newton-B, near Burton Constable.

But no site work has yet been carried out and Rathlin has not set a date for construction to start (LOL 😂)

A geophysical survey on West Newton-B four years ago concluded that features under the ground could belong to a medieval village. But they could date back to Roman or prehistoric times.

Rathlin Energy’s operations engineer, Caroline Foster, told residents last week that some trial trenches had been dug on the site.

But she said the company had not yet complied with a condition on archaeology in the planning permission.

Before work can start, the condition requires Rathlin to strip ploughed soil from the site, then investigate, record and recover archaeological remains.

DrillOrDrop reported on the geophysical survey of the West Newton-B site in 2015. This revealed potential archaeological features across the proposed wellsite and access track.

It concluded:

“[These] most likely represent field boundaries and other anthropogenic features of an unknown date.”
It also said:

“To the north of the site are earthworks that belong to the medieval village of West Newton, and it possible that the linear features identified by the survey relate to this, although it is equally plausible that they are of earlier date.”

Archaeologists have reported that the Holderness landscape was settled by early people up to 10,000 years ago. Research has revealed Iron Age, Romano-British and Anglo-Scandinavian settlements, as well as Bronze Age barrows and Mesolithic flint-knapping sites.

Drilling details

West Newton B location Rathlin Energy
Location of site (red triangle) and access track.
Details of plans for the West Newton-B project were given to members of the community liaison group, comprising residents and local representatives.

Rathlin Energy said it planned to drill to about 2,100m to target the Kirkham Abbey and Cadeby reservoirs. It said it would not drill into the Bowland shale, at about 3,000m and there were no plans for high volume hydraulic fracturing.

The meeting heard that the Environment Agency had granted consent for drilling and drill stem tests. But the permit would need to be varied to include an extended well test and flaring.

Before drilling could start, Rathlin said it would also need to get consent to drill from the Oil & Gas Authority. It would have to notify the Health and Safety Executive and the Coal Authority. The design of the well would be submitted for approval to the Environment Agency.

Site construction work was expected to take about 12 weeks, the company said. It described as “ambitious” suggestions by an investor in the scheme that site work would start in the first quarter of 2020, drilling in second quarter and testing in the third quarter.

The meeting was told the access track would be built across farmland from Pasture Lane up to Crook Lane and Engine Lane and then onto the site. Water monitoring boreholes, required by the Environment Agency permit, may be drilled before site construction work began, the company added.

The route for traffic would be through Bilton and Wyton to Sproatley then towards Aldbrough before going towards Humbleton and Pasture Lane, the company also said..

Under the planning permission, work must start by June 2020.

Rathlin Energy also explained why testing had been suspended at its other local site, West Newton-A site. It said there was no enough energy in the wellbore to recover reservoir fluids to the surface. The operation needed a pump, and this, in turn, would need a review of the site’s environmental permit. This was expected to take about two months, Rathlin said.

atino
08/11/2019
22:41
Hmmm 🤔...whatR17;s more important ? Employees buying stocks...or institutional investors ? 🙇😜

(TBH...) sod employees/directors buying their own stock...it’s only to show public confidence...when no-one else is ! 🤦‍a94;️

atino
08/11/2019
22:38
Union Jack Oil welcomed the results of further testing work by partner Egdon Resources that confirmed the presence of hydrocarbons at a UK exploration well. Union Jack held a 22% interest in...

SP Angel today reaffirms its buy investment rating on Union Jack Oil Plc (LON:UJO) and raised its price target to 0.55p (from 0.44p). Story provided by StockMarketWire.com Broker Forecasts data...

Union Jack Oil said it had raised £2.3m from a share issue to fund a well test in the third quarter of 2019, and provide additional working capital. New shares in the company were issued at 17p...

Union Jack Oil welcomed positive results from an appraisal well at the West Newton prospect in the UK. The company owned a 16.7% stake in the related licence. A substantial hydrocarbon...

UK Oil & Gas said it had completed the previously announced acquisition of the interests of both Europa Oil & Gas and Union Jack Oil in a UK exploration licence. The acquisition of their...

Union Jack Oil booked a full-year loss, owing to higher administrative expenses and impairment charges. Pre-tax losses for the year through December amounted to £1.1m, compared to losses of £0.7m...

UK Oil & Gas said it had agreed to up its interest to 67.5% in an exploration licence in southern England. The company had agreed to acquire both Europa Oil and Gas and Union Jack Oil's...

Union Jack Oil said it had raised £1.8m via a placing to progress its prospects in the UK. New shares in the company were issued at 0.075p each. 'We are grateful for the continuing investor...

Union Jack Oil confirmed that an appeal had been lodged against a council decision in Lincolnshire to refuse planning consent for the development of the Wressle oil discovery. Union Jack said the...

Egdon Resources and partners including Union Jack Oil and Europa Oil & Gas confirmed that UK regulators had approved an extension of the existing planning consent by a year for the Wressle...

Union Jack Oil confirmed that it had signed a farm-in agreement with Canada's Connaught Oil & Gas for a UK onshore field that contains the West Newton discovery. Union Jack Oil acquired a...

Union Jack Oil said it had agreed terms with Canada's Connaught Oil & Gas for the acquisition of a stake in a prospect in East Yorkshire. The company would farm-in for a 16.667% interest in...

Raymond Godson, Non Executive Director, bought 11,764,705 shares in the company on the 3rd October 2018 at a price of 0.09p. The Director now holds 30,764,705 shares. NOTE: Subscription for new...

Joe O'Farrell, Executive Director, bought 35,294,117 shares in the company on the 3rd October 2018 at a price of 0.09p. The Director now holds 204,281,826 shares. NOTE: Subscription for new ord...

Union Jack Oil booked a deeper first-half loss as higher expenses developing its prospects offset a rise in revenue. Pre-tax losses for the six months through June amounted to £419k, widening...

Union Jack Oil confirmed that lawmakers had decided not to renew a lease at an oil prospect in Surrey in which the company held a 7.5% stake. The operator, Europa Oil & Gas, had announced that...

Union Jack Oil said well-site construction would be completed during September for the drilling of a convential well at the Biscathorpe prospect in England's east. The Biscathorpe-2 will would...

Union Jack Oil said it had acquired a further 12.5% stake in licences containing the Wressle discovery and the Broughton North prospect from Celtique Energie Petroleum for a deferred consideration...

Union Jack Oil said it welcomed a UK government statement that reiterated that shale-gas developments were of national importance ahead of a looming review of permitting rules. The government was...

Union Jack Oil said its annual losses narrowed slightly, as higher revenue was offset by costs associated with acquisitions and oil field development efforts. Pre-tax losses amounted to £747k,...

SP Angel today reaffirms its buy investment rating on Union Jack Oil Plc (LON:UJO) and set its price target at 67p. Story provided by StockMarketWire.com Broker Forecasts data provided by...

Union Jack Oil said work-over work had improved production rates at the Fiskerton airfield oil asset near Lincoln, of which it holds a 20% interest. Production was approaching 30 barrels of oil...

David Bramhill, Chairman, bought 11,764,705 shares in the company on the 5th March 2018 at a price of 8.50p. The Director now holds 63,929,285 shares. NOTE: Subscription Story provided by...

Joe O'Farrell, Executive Director, bought 58,823,529 shares in the company on the 5th March 2018 at a price of 8.50p. The Director now holds 168,987,709 shares. NOTE: Subscription Story provided...

Union Jack Oil said it had agreed to raise its interest in a South Humber Basin prospect in the UK by 10%, taking its total holding to 22%. The asset, called PEDL253, contained the Biscathorpe...

Union Jack Oil said it expected to submit a new planning application for the Wressle discovery in the UK by April. Production of 500 barrels of oil per day was expected from the development, the...

Union Jack Oil said the UK's Planning Inspectorate has rejected an appeal against planning refusals for the Wressle oil discovery. North Lincolnshire Council had refused to allow the project's...

Union Jack Oil said the UK Oil and Gas Authority has approved its acquisition of a 20% economic interest in an oil licence near Lincoln. Licence EXL294 contains the producing Fiskerton Airfield...

Union Jack Oil has agreed to acquire a 20% interest in a licence containing the producing Fiskerton Airfield oilfield from Egdon Resources for £137,000. This figure includes a pro rata share of...

Union Jack Oil has acquired an onshore hydrocarbon portfolio in the UK from Cairn Energy subsidiary Nautical Petroleum for £25,000. Union Jack has also assumed all further financial costs for the...

Union Jack Oil reported it is fully funded for the planned drill programme including Holmwood-1 and Biscathorpe-2 wells and further production acquisition. HIGHLIGHTS - Further acquisition to 15%...

Union Jack Oil has confirmed that the Environment Agency has issued the environmental permits for the planned Biscathorpe-2 conventional exploration well operated by Egdon Resources on PEDL253 in...

Union Jack Oil said Egdon Resources will appeal without delay after the North Lincolnshire Council`s Planning Committee refused planning consent for the second time for the development of the...

Union Jack Oil notes North Lincolnshire County Council's Planning Committee will meet on Monday, 3 July to determine the new planning application for the Wressle Development. The new application...

Union Jack Oil said the Oil and Gas Authority (OGA) has now approved its acquisition of a further 3.33% interest in PEDL180 and PEDL182 from Celtique Energie Petroleum Ltd. These licences...

Union Jack Oil notes today's update by Egdon Resources regarding the issue by the UK Environment Agency (EA) of the variation to the Mining Waste Permit in respect of the proposed Wressle...

Union Jack Oil has widened its FY pretax loss to £0.89m, from a year-ago loss of £0.59m. Revenue was £22,119, from nil. Executive chairman David Bramhill said 2016 was a year that Union Jack's...

Union Jack Oil has agreed with Celtique Energie Petroleum Ltd to acquire a further 3.33% interest in PEDL180 and PEDL182. Union Jack currently holds an 11.67% interest in both licences. Following...

Union Jack Oil has raised about £1.4m in a placing of 1.03bn new shares at a price of 0.135p each. Proceeds would be used to increase Union Jack's interests in existing licences within its...

Union Jack Oil notes a release by Egdon Resources that North Lincolnshire County Council's planning committee has refused planning consent for the development of the Wressle oil field at Lodge...

Union Jack Oil said the Oil and Gas Authority (OGA) has now approved the acquisition by the company of a further 3.34% interest in PEDL180 and PEDL182 from Europa Oil & Gas Ltd. These...

Raymond Godson, Non Executive Director, bought 5,000,000 shares in the company on the 10th October 2016 at a price of 0.20p. The Director now holds 19,000,000 shares. Story provided by...

Union Jack Oil (UJO) has agreed with Europa Oil & Gas Ltd to acquire a further 3.34% interest in PEDL180 and PEDL182. These licences contain the Broughton North Prospect situated in PEDL182...

Union Jack Oil has raised £700,000 gross via a placing of 411.8m shares at 0.17p each. Intended proceeds would go to further expanding the company's portfolio through the acquisition of interests...

Union Jack Oil has narrowed its H1 pretax loss, and said it is well placed with a number of development, appraisal and drilling projects underway that were fully funded from available cash...

Graham Bull, Technical Director of Union Jack Oil (UJO) (LSE: UJO) will be making a presentation at the Shares LIVE Show in London on 10th September 2016. Shares LIVE is a one day investment and...

Union Jack (UJO) said all resolutions at its annual general meeting today were duly passed. At 11:59am: (LON:UJO) Union Jack Oil Plc share price was 0p at 0.15p Story provided by...

Union Jack Oil has agreed with Egdon Resources to acquire an 8.33% economic interest in PEDL182, in Lincolnshire on the western margin on the Humber Basin containing the Broughton North Prospect....

SP Angel today reaffirms its buy investment rating on Union Jack Oil Plc (LON:UJO) and raised its price target to 0.67p (from 0.63p) 🤦‍a94;️

atino
08/11/2019
14:03
Cheers likeawalrus Just a couple of things to bear in mind....Report written before any upgradesIf WN contains the quantity of oil that has been rumoured then you can tear up that report and stick one out with a minimum target of several pence.We could have lift off any day!
astralvision
08/11/2019
13:53
thanks for the link, 3 to 6 months would seem likely but as you said next week would be very nice, I'm also dreaming of a white Christmas :)
likeawalrus
08/11/2019
13:29
Dunno, next week would be nice!Here's the reporthttp://unionjackoil.com/wp-content/uploads/2019/10/UJO-draft-updated-231019-v3.pdf
astralvision
08/11/2019
13:28
.66p in what timeframe?
likeawalrus
08/11/2019
13:24
All aboard! Next stop should be a lot higher up.Broker target 0.66p, before upgrades!
astralvision
08/11/2019
12:30
hugh from Europa, interview

talks about Wressle process, mentions council accepted claim for costs

currypasty
08/11/2019
11:19
Yes, folks are made 'insiders' to receive market sensitive info but as the regulators are toothless the info seeps out, as it always does.
astralvision
08/11/2019
11:12
4STA,


Unfortunately, depends where you are in the foodchain so to speak. I have been privy to certain info in the past including proposed placing prices and details of forward plans weeks before it was announced to market. Its the nature of the beast, money talks. Perhaps I should say those with money can get others to talk if the need for money compels it. The city is always ahead for a reason and the PI is always the one left to 'take the weight'.


Cash

cashandcard
08/11/2019
10:54
Broker target 0.66p based on conservative assumptions.Cheap as chips at these levelsimo
astralvision
08/11/2019
10:50
But does it matter when we get told as long as it's the right result? The value will come when it's ready. Plenty of upside I suggest so churning of shares just brings in new holders at higher prices.
guesswhosback2
08/11/2019
10:43
Been patient enough waiting for this to come good. Now it finally has would like to be told just how good. Not too much to ask I would have thought.
4sta
08/11/2019
10:40
Well if the OIP is what they are predicting, which looks highly likely then either buy more or stop griping and obtain some patience..
grannyboy
08/11/2019
10:36
4STAProbably been given the heads up rather than any formal documents.Probably couches in terms of 'this is what it looks like but we're still working on it blah blah blah'Raising £24m in these markets was some feat!
astralvision
08/11/2019
10:23
Well here's hoping they let us in on the info. they have presumably already shown the Reabold investors to get them stump up all that cash a few weeks ago. Been a holder here for years now and it makes me furious to think that a chosen few seem to have been given information that we have not.
4sta
08/11/2019
10:18
Let's not compare us to UKOG.
bionicdog
08/11/2019
10:09
@BrokermanDaniel
16m16 minutes ago
More
It’s an old ‘cliche’ that I’ve never used & will never use again as its been hijacked by #Rampers etc. But You Really Don’t Want To Be Out of WestNewton Over The Weekend.🤔


One maybe for the weekend press to break?
I recall UKOG's find popping up in the Sunday Times (iirc) before Monday's rns

currypasty
08/11/2019
08:44
Not bad, result of pi next month then.Sounds odds on for a favourable decision, there would seem to be no valid grounds for a refusal.
astralvision
08/11/2019
07:59
Commenting, Mark Abbott, Managing Director of Egdon Resources plc, said:

"We presented a very strong case, supported by detailed evidence and agree with the conclusions of the Council's own professional planning officer. This was reinforced by an expert third party review undertaken on behalf of the Council, who recommended our revised application for approval ahead of the November 2018 decision."

atino
07/11/2019
23:02
...you know you like Ruth articles way better 😉🤫🙃
atino
07/11/2019
22:24
"Egdon Resources has applied for costs against the council"
currypasty
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