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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Union Jack Oil Plc | UJO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 9.75 | 07:40:52 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 9.75 | 9.75 | 9.75 | 9.75 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 10/1/2025 12:47 by 1347 Kim We know UJO can't force them, but that is not the point. Your comment was that "nothing UJO can do about that..". I disagree, DB should get out of Greggs put his big boy pants on and have a go at Mark Abott until he does something. DB's job is to represent the interests of UJO shareholders, not sit around with his feet up waiting for Abbott to call. After all it was Eggedon that have promised to drill Ked for several years now. Hold him to account, or at least come clean and admit that they'll never drill it.law Exactly, that was obviously misleading investors. In answer to your question, who knows but I doubt it as they would have said that. It's things like this that's caused me to have totally gone off this company, having been 'invested' for 5 years. It's simply not grown but rather just crawled along. |
Posted at 07/1/2025 08:01 by likeawalrus taken at face value it appears the rumoured placing for £2.5m was carrot13 causing mischief or being played by Telegram posters. So it seems the immediate possibility of a placing has gone away but there is no doubt in my mind that a placing will be required for Wressle expansion. My guess is late Q1 for about £4m or £5mNote no mention of Diana which was stated to be a Q4 drill - not a problem as 3 drills in Q4 was always a Bramhill fantasy but once again an example of setting unrealistic expectations for investors... |
Posted at 30/12/2024 15:17 by likeawalrus investors always get nervous when we have to endure long periods of silence - classic Bramhill. the $1m question is will the news be good, bad or ugly! |
Posted at 27/12/2024 10:32 by maxwell On Share Talk - interesting companies for 2025 but not anything newFor UJO although at least giving a summary of sorts……& Union Jack Oil: Navigating Growth in UK and US Energy Markets Union Jack Oil plc (Ticker: UJO) continues to solidify its position as a leading onshore energy company, focused on production and exploration in both the United Kingdom and the United States. With a carefully balanced portfolio of assets, the company is leveraging opportunities in oil and gas while maintaining a disciplined approach to exploration, production, and financial management. Recent updates and strategic decisions highlight a company poised to deliver long-term shareholder value while navigating the complexities of the global energy market. UK Operations: A Foundation for Stability and Growth Wressle Oilfield: Delivering Record Revenues The Wressle Oilfield, located in Lincolnshire, remains a cornerstone of Union Jack’s operations in the UK. The company’s 40% interest in PEDL180 and PEDL182 has proven highly lucrative, with the site generating over $20 million in revenue since the Ashover Grit reservoir came online. This consistent performance has positioned Wressle as one of the UK’s most productive onshore oilfields. Planning permission for a gas export pipeline, initially granted in September 2024, was recently rescinded due to new environmental requirements stemming from the Supreme Court Finch ruling. Union Jack is working with its partner Egdon Resources to address these challenges by providing updated analysis of Scope 3 greenhouse gas emissions. Once resolved, this development could significantly reduce flaring and open a new revenue stream, further enhancing Wressle’s profitability. Future drilling activities are also planned to maximize resource extraction and secure long-term production. West Newton: Unlocking Strategic Energy Potential Union Jack holds a 16.7% interest in PEDL183, home to the West Newton discovery in East Yorkshire. This project is strategically significant due to its location within the Humber region, the UK’s largest energy hub. With base case estimates of 146.4 million barrels of oil and 211.5 billion cubic feet of gas, West Newton represents a critical opportunity for low-carbon hydrocarbon production. Recent appraisal work continues to de-risk the Kirkham Abbey reservoir, with additional activities planned for 2025. These efforts aim to support the UK’s energy security by leveraging domestic resources in a region traditionally reliant on imports. For Union Jack, West Newton is a key component of its growth strategy, offering both environmental and economic benefits. Biscathorpe, Keddington, and Other UK Projects Biscathorpe remains one of Union Jack’s most exciting exploration targets. Preparations are underway for the B-2Z side-track well, which will test both the Dinantian Carbonate and Basal Westphalian Sandstone reservoirs. Estimates suggest up to 36 million barrels of oil in place under the upside case scenario. Planning permission granted in November 2023 provides a clear path for further exploration and potential long-term production. Keddington Oilfield, meanwhile, continues to deliver stable production, with opportunities for in-fill drilling to increase output. Fiskerton Oilfield and North Kelsey add further diversity to Union Jack’s UK portfolio, with the latter offering potential multi-reservoir production opportunities. US Ventures: Expanding Beyond UK Shores Union Jack’s recent entry into the US oil and gas market marks an exciting new chapter. Partnering with Reach Oil & Gas, the company has begun drilling the Taylor-1 well in Oklahoma. Targeting multiple hydrocarbon-bearing intervals, early results indicate promising resource potential. This diversification reflects Union Jack’s proactive approach to mitigating regulatory and fiscal challenges in the UK, such as the Energy Profits Levy. The US venture not only broadens the company’s revenue base but also offers exposure to a more flexible regulatory environment, complementing its UK operations. Financial Strength and Operational Discipline Union Jack’s financial results for the first half of 2024 demonstrate resilience and strong cash management. Despite a dip in oil revenues compared to 2023’s record highs, the company maintained profitability, reporting a net income of £789,000 on revenues of £2.34 million. With a robust cash position and no debt, Union Jack is well-equipped to fund ongoing projects and pursue new opportunities without diluting shareholder value. The company’s commitment to shareholder returns is evident in its dividend program and share buybacks, which have collectively returned over £3 million to investors. This disciplined approach underscores Union Jack’s focus on creating sustainable value while maintaining operational flexibility. Risks and Concerns for Investors As with any energy company, Union Jack faces risks. Regulatory delays in the UK, particularly around planning and environmental approvals, can impact project timelines and increase costs. The recent challenges at Wressle highlight the complexities of navigating evolving environmental standards. The integration of US operations introduces additional complexities, including exposure to commodity price volatility and operational risks in new territories. Additionally, the company’s reliance on stable oil and gas prices to support profitability leaves it vulnerable to market fluctuations. Investors should also consider the challenges of scaling exploration assets to production and monetization phases, which require significant time and resources. Outlook: A Balanced Opportunity for Investors Union Jack Oil’s strategy of balancing UK-based production with international exploration offers a compelling value proposition for retail investors. The company’s proven track record at Wressle, its ambitious plans for West Newton, and its foray into the US market provide multiple avenues for growth. These opportunities are underpinned by disciplined financial management and a commitment to shareholder returns, making Union Jack a standout in the onshore energy sector. For investors, Union Jack represents a blend of stability and potential upside. While risks remain, particularly around regulatory and operational challenges, the company’s diverse portfolio and strategic focus provide a strong foundation for long-term success. Whether you’re drawn to the steady cash flow from Wressle or the transformative potential of new ventures like Taylor-1, Union Jack Oil offers a well-rounded opportunity in the evolving energy landscape. |
Posted at 06/12/2024 12:33 by likeawalrus perhaps they were schmoozing the big investors behind closed doors - making all sorts of promises about what will happen and when - the share price seems to suggest that some of them have finally seen through the b/s...having said that, Colle Santo could be a winner, decision due this month? |
Posted at 06/12/2024 10:34 by 1347 Just more can kicking. Say they will drill WN-B, finally get planning permission. Oh dear we need an EA variation approval. Get that eventually, Oh dear we have no money, quick switch to WN-A to delay it all. Oh dear we didn't get the variation for WN-A only WN-B, make a new application.Still to come oh dear planning permission has now expired, apply for an extension. Oh dear we need another EA variation for the gas pipeline. Oh dear we still don't have any money to actually do anything, some up with plan C. They've been playing this game for 5 years now, just bunch of time wasters at 'investors' expense. |
Posted at 01/12/2024 09:54 by likeawalrus the thing is, for Wressle to be at $22m as at 26.11, production must have soared or one of the RNS statements is inaccurate, something is offif investors were to take the RNSs at face value, Wressle revenue is $2m in 2 months, this has been discussed on LSE & advn so my guess is that trust is completely shot - clearly no one believes we earned $2m in 2 months, if they did, the share price would have soared |
Posted at 14/11/2024 10:16 by currypasty whats this in aid of?Harbor Access Investor Relations @harboraccessIR 📣 Conference alert! 📣 The Sidoti Micro Cap Conference has a number of exciting companies presenting, including @EcoraResources , @Corero , and @UnionJackOilplc . Reach out to Jonathan Paterson of Harbor Access Investor Relations on LinkedIn to set up a 1-on-1 meeting. |
Posted at 16/10/2024 08:26 by likeawalrus We believe our heightened drilling and development activity and the expected additional news-flow generated, combined with effective investor engagement on both sides of the Atlantic, will continue to attract the ongoing support of our existing shareholders and the attention of new investors, broadening the appeal of the Company to a wider audience. (Interims)"will continue to attract the ongoing support of our existing shareholders"...judg |
Posted at 15/10/2024 08:45 by likeawalrus it looks as though a few investors are throwing in the towel (Bramhill you'll like that analogy it's a boxing term). I thought it was a good buy at 15p, now I'm looking at 10p or 11p to top-up, what a disaster for investors :( |
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