Union Jack Oil Share Discussion Threads

[likeawalrus] 01/5/2024 08:27

fyi - nsta data for February not yet online

[likeawalrus] 01/5/2024 08:00

book value of £93k as at 31.12.22 but currently zero imo - I'm expecting a 100% write-off in the 2023 accounts. if there isnt a write-off there should be!

[currypasty] 01/5/2024 07:55

had they any value?

[likeawalrus] 01/5/2024 07:50

as at 14.01.23

Shareholding 65: 169959 ORDINARY shares held as at the date of this confirmation
statement Name: UNION JACK OIL PLC

statement issued today

Shareholding 65: 169959 transferred on 2021-04-21
0 ORDINARY shares held as at the date of this confirmation statement
Name: UNION JACK OIL PL


I'm not sure what this means, has UJO disposed of the ELEP shares?

[1347] 30/4/2024 14:41

Have they burnt Wressle and Keddington down then?

[currypasty] 30/4/2024 14:16

Phoenix oil ?

"a phoenix obtains new life by rising from the ashes of its predecessor. "

[karina] 30/4/2024 14:02

Toon you were doing so well with that post !The Greggs thing is SO tedious

[thetoonarmy2] 30/4/2024 13:47

Curry, name changed to what, Nightbird? Tedesco Folly, Bristol Lunchers,

Karina is right it's fast in comparison to the numptys in the UK and if this is a success I hope does more of these kinds of royalties ones that are paid every month and a few more wells in the same area which is a more safe environment than the greenies over here, the only concern I have is what's happening with W Newton I would like to see that drilled.

LAW you are correct while nothing happening on the UK front the only expense Brammers has is Greggs bill.

[likeawalrus] 30/4/2024 12:37

if there is one positive from the inactivity in the UK, it's not having to splash out on capex for Keddington, Biscathorpe and W. Newton - this could mean millions more to spend in the US

[currypasty] 30/4/2024 12:18

If its a success, and we go for more of these, you could see US projects giving more oil than Wressle... time then to flog off some UK assets... and change the name

[karina] 30/4/2024 12:15

But relative to the uk this is interstellar speed still

[maxwell] 30/4/2024 11:45

Did have a suitably tanker connected for oil storage whilst testing etc.. so obviously something going on but as normal these actions always take longer than
anticipated???

[thetoonarmy2] 30/4/2024 11:33

Karina yes on x they have a good little film of the nodding donkey working on testing that was about 1 day ago from UJO Twitter feed so should get some news very soon

[karina] 30/4/2024 11:20

You tried looking on X .....?

[1347] 30/4/2024 11:02

WN is just another can-kick, I don't think they really want to drill it anytime soon as it would end up being exposed as another white elephant.

What's happening to that testing in the US, they should have completed and tested it by now? Are they now kicking US cans and well as UK ones?

[currypasty] 30/4/2024 09:35

"what RBD says should not be relied upon"

lol


rely on the opposite?

[likeawalrus] 30/4/2024 09:33

drilling can only take place after June if Rathlin secures a permit from the nsta - what RBD says should not be relied upon

[archie222] 30/4/2024 09:25

RBD have said drilling will take place in '24 with funding put in place in H2.

No action so far, so it's a resonable guess that drilling will have to be in H2.

[likeawalrus] 30/4/2024 08:44

only 2 months left for Rathlin to drill & test at WN to meet the NSTA deadline (Rathlin Finals - note 22). When I mentioned this before someone said an extension to the deadline is a formality...I guess we will find out in Q3

[cashandcard] 30/4/2024 07:18

From Delt;'The feedback from Deltic's Pensacola farm-out process has indicated that the continual tinkering with the Energy Profits Levy and resultant fiscal uncertainty created by the current government, along with recent rhetoric emanating from the Labour Party, have had a severely negative effect on the ability of UK Exploration and Production (E&P) companies to commit to long term investments in the North Sea. This has resulted in many operators diverting capital away from the UKCS or delaying investment decisions, especially with respect to new large-scale opportunities like Pensacola'Even UK assets with planned/confirmed drilling ops are struggling.Cash

[markfrankie] 28/4/2024 16:08

BBC to film a new series of 'the detectorists' at wressel lol.
Lol regarding the archaeologists, I've had experience with this... we had to invite them to watch as a trench was dug by the contractors, that's all, if they did find something interesting it would have set us back, but they/we didn't so there was no hold up other than agreeing a start date which took about a week

[likeawalrus] 28/4/2024 15:34

interesting comment from "National Gas" re the planning application.

"there are no Natural Gas Transmission assets affected in this area"

perhaps I haven't understood the subtlety of this comment but it seems odd considering that the application is to "flow gas to the existing national grid pipeline"