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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
|
|
|---|---|---|---|---|
| 0.75 | 4.35% | 18.00 | 15:16:05 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 17.25 | 17.25 | 18.00 | 18.00 | 17.25 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 13/6/2024 18:45 by likeawalrus I am wondering if RBD has bought some WN from Rathlin or perhaps even more shares. Either way (or no way) I suspect the RBD rns was a masterclass in misdirection.I dont believe Rathlin's share of the £12m is funded, I think they only have their share of funding for the "re-entry and recompletion of an existing West Newton well in order to establish sustained gas flow". Once the gas is proved to flow the "associated project infrastructure, estimated at ca. £12m," will be forthcoming from investors |
Posted at 03/6/2024 10:42 by currypasty twitter feed just now... I dont think they liked the bopd guestimate on here"@UnionJackOilplc #ujo Whilst we cannot say anything outside of an official RNS, we can say relying on the comments of those on the bulletin boards isn’t so wise. The Andrews 1-17 well is a commercial discovery and already providing revenue to Union Jack. The clean up process and move to permanent, optimised production is progressing and as soon as this is completed we look forward to updating investors." |
Posted at 03/6/2024 10:36 by currypasty Union Jack Oil plc@UnionJackOilplc #ujo Whilst we cannot say anything outside of an official RNS, we can say relying on the comments of those on the bulletin boards isn’t so wise. The Andrews 1-17 well is a commercial discovery and already providing revenue to Union Jack. The clean up process and move to permanent, optimised production is progressing and as soon as this is completed we look forward to updating investors. |
Posted at 22/5/2024 19:31 by atino Achieving £800k in net profits…whilst expecting institutional investors to jump in - somehow just don’t add up….nor does it…stack up ! 🤦a👉🏻 for £800k I can reassure you…institutio |
Posted at 22/5/2024 19:28 by atino I haven’t exactly listened to Tom podcast as not member…but here’s a positive post…(for £800k! 🙄🤦&#(Quote) Union Jack Outshines the Competition May 22, 2024 UJOUKUS Uncategorized Union Jack Oil, contrary to the beliefs of just a small number of people who have nothing better to do than post negative, misleading and in many cases inaccurate and ill-formed comments on the bulletin boards, is in every way going to outweigh its AIM listed peer companies in the onshore UK sector. The past few years have not been easy for this little oiler, what with planning refusals, appeals and challenges to positive outcomes. One could reasonably assume that the future of small oilers who are not producing is written on the wall. Even those like Union Jack who are lucky enough to have a strong revenue stream from Wressle have had their legs cut from beneath them with the energy profits levy and the potential removal of right’s to further licence approvals. However, unlike their peer companies, Union Jack has chosen to utilise their substantial cash reserves to enter the United States, drill their first well, which is already generating commercial rates, whilst also investing in a substantial Mineral Royalties package that is also providing the company with additional revenue streams. It is not difficult for anyone with an understanding of this industry that what the management are aiming for here is to sustain a strong income stream whilst building a new asset portfolio in a country that shows favour and understands the need for home produced fossil fuels. With considerably lower taxes, the value of a barrel of oil in the USA is far greater than the UK and the costs to drill the wells required to make a success of this venture far, far less than the millions required over here. People ask why no institutional investors are showing any interest in Union Jack? Would you gamble your clients money on any UK oiler when it is common knowledge that even when they get permission to drill, that doesn’t mean they get permission to produce. Even if they do, that permission is immediately challenged by activists. Years and years of appeals and objections with no guarantee of success! This management has made an excellent decision moving their operations outside of this backward looking country whilst they have the cash to do so. They are not sitting around waiting and hoping for the rights to drill or the rights to produce. They are aggressively targeting a drilling and production program with their joint venture partners Reach Oil and Gas. The first well was planned, drilled and put into production within just a few months. A second well is already in the planning phase. There have been questions asked over why the company has not yet released the Andrews-1-17 flow rates and accusations they are as low as 20 bopd. When one looks at the fact they have stated quite clearly they are testing, cleaning up and in the process of installing permanent production facilities to optimise flow rates, the various ‘accusations&# The site facilities we are seeing installed via the images on X are not indicative of a small amount of oil. The average rates of nearby wells are in the 150 barrels per day range. Why would this be any different, why would management declare a ‘major success’? Union Jack is going to do extremely well in 2024 and beyond. This will be down to a shrewd, experienced management who are doing what needs to be done and I support their decisions 100% . Whilst the share price remains far below expectations, I fully expect a re-rate this year to the 50p+ levels and this is in line with many analyst estimates. hxxps://ujoukus.com/ |
Posted at 14/5/2024 14:21 by currypasty I thought the divi was there to encourage insti investors, just like the share consolidation.. neither seem to have worked..the share buy backs may have been a good idea, if we hadn't bought at the top, and not bought when they were ridiculously cheap. On balance and with the state of play on US assets, i would vote for no more divi or buy backs, spend the money on US assets, dump any UK assets we can, cancel the treasury, and change the company name... then we may be heading for a quid by Xmas |
Posted at 08/5/2024 08:13 by ldbart A 0.3p dividend per share was announced in March 2023.What are investors predictions for the next one? |
Posted at 17/4/2024 10:09 by plasybryn SP ANGEL this morning/ Buy Note has been issued. This is just the conclusion."No change to our BUY rating and 66p/share TP We think the shares have traded sideways over the last 6M partly due to delays to the UK drilling programme, which management has now diversified by acquiring material interests in US projects with near term drilling catalysts. Investors can look to benefit from this uptick in investment activity in both the UK and US over the next 12M, which should add tangible value on success and provide investors with significant potential for value creation on success." *SP Angel acts as Corporate Broker and Nomad to Union Jack Oil |
Posted at 04/4/2024 13:50 by 1347 tta - I wan't involved during the Nighthawk days but I'm aware of how it panned out. Yes this is all just a diversion, in my view, because very little progress has been made on anything since they got Wressle into production. I doubt USA 'investors' would be interested in UK can kickers when they can stick their dollars into any number of companies drilling in the Permain at a much faster rate and more cheaply unless they get some kind of tax break. |
Posted at 04/4/2024 08:36 by likeawalrus it's a very interesting development which goes hand in hand with more US investment, it certainly makes investing in UJO more interesting & exciting, let's hope for a stronger share price too.would US investors be subject to the same disclosure criteria as UK investors? |
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