Union Jack Oil Share Discussion Threads

[bakedbean] 31/10/2020 10:55

This from cal joe post ....In between this, the company are partnered in West Newton, this licence area could turn out to be one of the biggest oil and gas discoveries onshore UK. I thought this was actually confirmed as the biggest discovery of oil and gas onshore since 74 .... not could be ?

[maxwell] 30/10/2020 17:37

bb I always work on the principle that when you’re at the bottom & it can’t get any worse then the only way is up up up up - but then again I am not very often right...

[greypanther2] 30/10/2020 17:00

Hi likeawalrus. I think subscription shares are those subscribed for by private individuals, for example the company's directors and other people connected to the company in some way, whereas placing shares are those placed with institutional investors from the broker's own list of potential investors. There are usually far more placing shares than subscription shares issued in a placing, but the cash raised from the subscription shares doesn't usually bear such a large broker's commission. I hope this is still the case.

[bakedbean] 30/10/2020 16:56

I've never known such an optimist lol Suppose someone has to be :)

[maxwell] 30/10/2020 16:52

Average trade approx 1mil per & 58 trades today only, hence not exactly busy... All change next week maybe?

[bionicdog] 30/10/2020 15:57

They got the full price for all of them.

[maxwell] 30/10/2020 15:52

Only just over 53mil traded today hence a little quiet...

[likeawalrus] 30/10/2020 15:48

just found this definition, note it talks about "expiry" Subscription shares A type of share that investors can convert into new ordinary shares in the company at some time in the future at a fixed price. Subscription shares have similar characteristics to warrants, including a limited life, but can be held more freely in an ISA. They don’t have the same rights as ordinary shares (e.g. they may not be entitled to any dividends before they are converted into the ordinary shares). They are also much higher risk than ordinary shares, as you may not want to convert them into new ordinary shares if you can buy these on the stock market more cheaply. Subscription shares can therefore expire worthless and you could lose all the money you paid for them.

[bionicdog] 30/10/2020 15:40

LAW Never did work it out. I had originally thought that it might be a fee for getting the placing away , but I couldn't get the numbers to make sense.

[bionicdog] 30/10/2020 15:34

To clarify my earlier post. Rathlin are keen to update local residents with things that will affect them , but as a private company , nothing else.

[likeawalrus] 30/10/2020 15:19

"The Fundraising comprises a placing of 4,127,187,500 New Ordinary Shares ("Placing") and a subscription of 247,812,500 New Ordinary Shares ("Subscription")." Can someone explain the significance of the subscription shares please?

[currypasty] 30/10/2020 14:36

https://www.californiajoe.co.uk/union-jack-oil-the-cost-of-fear

[maxwell] 30/10/2020 14:18

Cal Joe update to settle nerves hTTps://www.californiajoe.co.uk/union-jack-oil-the-cost-of-fear

[bionicdog] 30/10/2020 12:52

You'll never get an update from Rathlin.

[currypasty] 30/10/2020 12:42

reading other bulletin boards, and twitter feeds, the story is that there hasn't been any actual drilling this week. There are videos and photos to show drill pipes just stacked. One comment wondered if they were waiting parts, as staff just seemed to be kicking heels, and cleaning stuff. This is just speculation, but unless rathlin are going to give an update, that's all there is. It seems to me that every drill has unexpected things pop up, breakages, issues etc. In our case Rathlin clearly said 6-10 weeks and so hopefully anticipated issues and that timing is still on track.. of course, it could be paused due to needing a humongous blow off preventer as there is so much gas... all speculation till Rathlin update

[nicosevos] 30/10/2020 09:38

The two trades of 87.9M at 11:46-47, yesterday....A Rollover,imo......

[telbap] 30/10/2020 09:32

Week 3 November will see us getting some interest. If this drill actually hits pay then 1p is more than possible. Sit and wait.

[currypasty] 30/10/2020 08:45

Egdon are operator for Wressle, so any updates start with them. Looking at previous years, Egdons finals have been published ... 19/11/19 20/10/18 31/10/17 1/11/16 So I would hazard a guess in 2 weeks As they have stated they will update the market on Wressle 'as work progresses', I would expect there will be an update in their finals, or in a separate RNS for the three companies shortly before.

[maxwell] 30/10/2020 08:40

No interest today so far, expect MM’s to wake up soon & start normal shenanigans....

[atino] 30/10/2020 07:00

...indices pre-opening (...highlights another bloodbath) 💭💭💭🤦R05;♂️ 🙇‍a94;️ A gauge of Asian shares fell for a third straight session on Friday as jitters over next week's U.S. presidential election and a shaky global economic outlook enveloped markets. The mood on Friday was less positive, though. Australia's ASX 200 (AXJO) fell 0.5% and New Zealand's benchmark index faltered nearly 1%. Japan's Nikkei (N225) slipped 0.85% and was set for its biggest weekly loss in more than two months. Chinese shares, which had started marginally higher, eased too with the blue-chip index (CSI300) off 0.1%. Record numbers of coronavirus cases worldwide and the Nov. 3 U.S. presidential election remained the major focus for investors. On Wednesday, global coronavirus cases rose by over 500,000 for the first time, with France and Germany prepping fresh lockdowns. The falls in Asia occurred despite a solid session on Wall Street overnight, which was helped by a diet of strong quarterly reports from tech giants and data showing the U.S. economy grew at a record annualised pace of 33.1% in the third quarter.

[replicas1967] 30/10/2020 06:57

Morning, resistance yesterday tho’ wasn’t there

[atino] 30/10/2020 06:53

Morning, Who’s ready...for some “more”...DOWN today ? 😶😑😤🤷7995;‍♂️ Clive -...we could really do with some...ANGELIC & HOPEFUL graphs m8 📊 maybe some charting tools to help the faint hearted 🛠 (...my not so old friend 😤!)

[bantam175] 29/10/2020 17:16

No news is definitely bad news here. Good buying op tho. When wressle running going up.

[ccr1958] 29/10/2020 17:15

Oh dear distressed seller ...I’ll have a few more ...

[maxwell] 29/10/2020 16:42

Soon be all of us at this rate