Union Jack Oil Share Discussion Threads

[1347] 30/12/2024 16:02

So that'll be under 5 p end of 2025 then.

[likeawalrus] 30/12/2024 15:54

sp finished 2023 at 19.75p, looks like a 50% fall this year unless a cracking RNS drops tomorrow

[likeawalrus] 30/12/2024 15:21

my predictions are:

- Taylor will be a duster or 15bpd at best
- DB will announce an impressive headline bpd number for Kedd which will be very short lived - best guess is 40 bpd/50 bpd once normal production is reached
- Moccasin will be sometime in Q1 with Diana Q2/Q3

[likeawalrus] 30/12/2024 15:17

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!

[1347] 30/12/2024 14:10

Check the local Greggs or Bookies

[likeawalrus] 30/12/2024 13:27

our glorious leader is M.I.A.

[currypasty] 30/12/2024 13:07

9.5p pants

[penciles2] 28/12/2024 17:12

If this is so cheap and not a pile of a 💩 why are directors not filling there boots

[1347] 27/12/2024 13:23

kingston I can't actually know those details but many of these articles and interviews are essentially just sales publicity to help sell shares, as are those by brokers. I no longer even read them as I have followed UJO long enough to know the facts (oil & gas production figures are publicly available as are the accounts). I also know that UJO and it's partners have failed time and time again to deliver what they promised while paying themselves fat cat salaries and, as I've said before, much of the cash pile they had has been spaffed away. Best (possibly the only) hope here is that these useless AIM minnows get snapped up by a bigger fish, we don't need several directors in several JVs for a couple of producing oil fields.

[likeawalrus] 27/12/2024 12:35

I dont know that but according to 1347 they are, if that's the case I expect ujo to ensure that they get the facts right

[likeawalrus] 27/12/2024 12:28

when ujo pays for articles, as a shareholder I expect them to get the basics 100% right, not include schoolboy errors

[1347] 27/12/2024 12:13

These articles are just part of the paid for promotion (ramping) that goes on with these companies, best ignored, hasn't everyone realised that yet or are some still clinging to straws?

[likeawalrus] 27/12/2024 12:00

"with the site generating over $20 million in revenue "
...not up to date s/b $22m

"(Bisc) Planning permission granted in November 2023 provides a clear path for further exploration and potential long-term production."
...yes planning was granted but was then overturned!

"Fiskerton Oilfield and North Kelsey add further diversity to Union Jack’s UK portfolio, with the latter offering potential multi-reservoir production opportunities."
...both dead as dodos

"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."
...rubbish! there's no way UJO can fund Bisc or Wressle without more cash. Small projects in the US and the first phase of WN can be funded but anything big will require a placing or loan facility

[maxwell] 27/12/2024 10:32

On Share Talk - interesting companies for 2025 but not anything new
For 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.

[pongo88] 27/12/2024 09:16

Have you ever looked at the history of ntog?

[likeawalrus] 27/12/2024 08:04

an interesting article albeit only half the story. if there is to be significant consolidation of AIM companies, perhaps UJO should have a look at NTOG - share price on its knees with a further fall likely but the Texas assets could be promising. No I'm not an NTOG shareholder and it's not a cross-ramp, just a genuine suggestion that there may be opportunities for UJO to cherry pick some of the struggling oilers

[burtond1] 27/12/2024 06:59

10 Oil and Gas Companies to follow in 2025 suggest @TMSreachhttps://total-market-solutions.com/2024/12/10-oil-and-gas-companies-to-follow-in-2025/

[likeawalrus] 24/12/2024 11:09

cheers mark you too.
I would be sitting at my pc G&T in hand but I have to drive later : (

[markfrankie] 24/12/2024 10:46

Wishing you horrible lot :-))
a very merry Christmas.
All the best mf

[1347] 24/12/2024 08:55

The other two are barely commercial are they so that could be a hat trick. No news is invariable bad news when it comes to companies such as UJO. They said completion would be done early December, so for me after three weeks I'm now assuming Taylor is a dud.

law We've done this, Ked isn't going to deliver anything other than a short lived blip without that sidetrack, don't put any eggs in that basket. Wressle continues to decline. Nothing else is progressing or moving at snails pace, planning permissions will soon start to expire, meaning it's back to the starting grid and do some more slow laps.

Where's the good news going to come from in 2025? All that bull about the future looks bright only applied to the directors who are creaming off any profit there is on over inflated salaries.

[likeawalrus] 24/12/2024 08:11

the delay doesn't bode well for Taylor - our first US duster or maybe barely commercial? Hopefully news from Kedd will be a pleasant surprise

[currypasty] 24/12/2024 08:05

good, i hope they dont open for weeks

[likeawalrus] 24/12/2024 07:38

morning all - the market closes at 12:30 today

[penciles2] 23/12/2024 10:12

Revenues certainly drying up