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UJO Union Jack Oil Plc

10.25
-0.25 (-2.38%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Union Jack Oil Plc UJO London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.25 -2.38% 10.25 08:00:00
Open Price Low Price High Price Close Price Previous Close
10.25 10.25 10.25 10.50
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Union Jack Oil UJO Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
14/05/2024FinalGBP0.002504/07/202405/07/202426/07/2024
28/03/2023InterimGBP0.00306/07/202307/07/202328/07/2023
24/10/2022SpecialGBP0.00817/11/202218/11/202216/12/2022

Top Dividend Posts

Top Posts
Posted at 23/10/2024 16:17 by likeawalrus
if anyone does twitter, perhaps they could ask DB why he hasnt given Q3 data for Wressle as per the RNS of 15.01.24 which said...

Executive Chairman of Union Jack, David Bramhill, commented: "The US$18,000,000 net revenues achieved to date from Wressle (UJO 40%) continue to bolster the Company's Balance Sheet, complemented by additional cash-flow from the Keddington oilfield (UJO 55%). Going forward, future production and revenue updates from Wressle will be reported on a quarterly basis.
Posted at 23/10/2024 14:37 by currypasty
Union Jack Oil plc
@UnionJackOilplc
·
18m
#UJO

Nice to be back at Wressle to see the well continue producing and generating strong revenues for Union Jack 💪



yes but why dont UJO give production details, where they think production will go... why leave it to us to find out historic data on Govt website ?
Posted at 22/10/2024 14:14 by thetoonarmy2
L A W. A leak is normal on UJO and if you look at the trades over the last month some reasonably large selling now unless you had a few million then it was you, but I wish I had sold I have just short of a million of these I would have been much better off today.

MarkF & Curry underwater? I reckon I'm related to Hans & Lottie Haas I am that deep down with UJO. I only have one share in my whole portfolio that's in profit which I have been buying recently and its not in the Oil & Gas industry thank heavens.
Posted at 21/10/2024 13:11 by aspect100
I don't see why people are selling,because this company is profitable,and I don't think they needed to pay the dividend - could have used the cash to help run the company.

There was a time when UJO never stopped doing placings,but they have turned the company around,and it has no debt.Not many small oilers are in this position.

The directors do get too much,but it's the only thing I don't like.How much will the Wressle well decline in the next year.

I still favour selling the whole lot,as the US is easy compared to the UK.
Posted at 17/10/2024 10:34 by thetoonarmy2
Good one Redrob looks like Toms share-prophets got it spot on and I hope he agrees to your suggestion about calling a GM to vote these two bottom feeding pair from UJO only need 5% now to get a meeting agreed.

Curry agree with your comments we need full transparency on everything UJO only way to get this is a new CEO nomads I’m sure can find someone to replace old Bramhill on a lot less money than he is on.
Posted at 11/10/2024 08:48 by likeawalrus
unfortunately curry, the data looks right based on UJOs 2 RNSs, the bigger question is why only 17 bpd, was there downtime or has production dropped off incredibly quickly?

remember the ramping? "nearby wells produce 150bpd" & Andrews is a "major success"

A-1 524 + A-2 685 is 39bpd or about $35k net to UJO, not a disaster but not great
Posted at 27/9/2024 11:18 by likeawalrus
Hi maxwell, it's only me who has been suggesting that ujo will need to fund raise to meet 2025 capex requirements, not least of all because for Bramhill to state in the 2024 Final accounts that ujo is "fully funded" it would surely have to be true as at 31.12.24

Wressle is supposedly going ahead in 2025 so even if the £5m is required over 6 or 9 months, I believe ujo will be short of cash unless there's a placing or loan facility.
£3m as at 30.06.24 plus future revenue wont be enough to fund Wressle & Wn in the timeframes currently being given
Posted at 24/9/2024 12:52 by likeawalrus
from Europa's 2023 accounts

For PEDL180 the partners have agreed to drill two development wells and to construct a gas export line. These activities are contingent upon the budget being approved by the JV partnership, the timing of environmental permitting and the availability of a suitable rig. The total net cost to Europa for the work programme is estimated to be £0.5 million in 2023 and £3.7 million in 2024.

...2024 is now 2025, if EOGs 30% capex is £3.7m, that means UJOs 40% capex is £5m

UJO had £3.15m cash as at 30.06.24

UJO has to fund capex for Wressle expansion and possibly WN in 2025

Will UJO secure a loan facility or will Bramhill re-issue the Treasury shares and/or have a placing?

Is that why the share price is dropping?
Posted at 23/9/2024 17:32 by currypasty
have to agree with Chairman David Bramhill, there is much to be excited about at Union Jack and a great deal of that is down to the very wise call to diversify away from the UK and build a meaningful and exciting portfolio in the USA.

But the UK is not without exciting prospects, particularly at Wressle where recent news has been that planning approval looks like pushing on near term development and as Mr Bramhill says, provide revenues for another decade. Add West Newton and Keddington to that and the UK half of UJO has significant promise.

But it is difficult not to feel that the Government’s approach to the energy industry is at best blinkered, at least in that they cannot see that domestic oil and gas, particularly onshore, cannot be up there with the best in low carbon development and way better that imported alternatives.

Which means that shareholders should be mighty pleased with the US acreage and what it might bring to the party. But they should also be happy with what is likely to be a very proactive dividend and buyout policy which makes UJO a share with substantial upside in both capital and income perspectives.
Posted at 19/8/2024 07:45 by greypanther2
Today’s RNS is a very comprehensive update on UJO’s activities in Oklahoma, but it’s possible to glean a few extra facts from it regarding the two Andrews wells. Some 6,460 barrels of oil and 382,000 cu. feet of gas have been produced from well 1-17 since late May. I reckon that’s about a 90 day period, so over that time it has averaged about 72 bopd, or 32 bopd net to UJO. While some investors might be slightly disappointed that there hasn’t been a sustained 100 bopd, there has presumably been a fair bit of “downtime̶1; over that period during the testing. It is, however, producing a light, 46 degree API oil, which is almost condensate gravity, with a very low GOR of about 59 cu. ft / barrel and presumably quite a lot of water. The gas from 1-17 has therefore averaged about only 4,240 cu. feet per day which is less than 1boepd gross. Regarding the later, Andrews 2-17 well, I was pleased to see that it has produced a very decent 184 bopd and 320,000 cu. feet of gas per day on test. That’s 83 bopd net of light oil for UJO plus 144,000 cu. feet of gas per day (say 24 boepd net to UJO for just the gas). At about 1,740 cu. ft per barrel the 2-17 GOR is a lot higher than in the 1-17 well. The second Andrews well came in about 20 ft structurally higher than the first one, so presumably it’s a bit closer to what might be a gas cap in the Hunton reservoir. No water is being produced from this well, it’s free-flowing and severely choked back, so it’s a really excellent well. The two wells together have therefore been producing oil at about 72 plus 184 bopd for a combined 256 bopd, which is 115 bopd net to UJO’s 45% interest, plus the revenue from at least 144,000 net cu. feet of gas. So, bearing in mind that we might see another three wells drilled before too long, I’m very happy.