Union Jack Oil Share Discussion Threads

[digger2779] 07/10/2024 15:22

More like closed wallets

[markfrankie] 07/10/2024 14:38

Its at 0.07p in old money,
Cheap as chips,
I wonder why no board buys... closed period?

[likeawalrus] 05/10/2024 11:01

RNS 19.08.24 - Since being placed on restricted and periodic test production from 7 August 2024, the Andrews 2-17 well has produced 544 barrels of oil and 1,895,000 cubic feet of gas.

RNS 23.09.24 - Since being placed on restricted and periodic test production in early August 2024, the Andrews 2-17 well has produced 1,014 barrels of oil and 3,656,000 cubic feet of gas

...from 07.08.24 to 23.09.24 only 1014 barrels or about 22 bpd (plus gas) so August data for A-2 should be about 500 barrels assuming a steady average of 22bpd

[likeawalrus] 04/10/2024 14:29

dan 3 drills in 3 months feels overly optimistic, are they really that good over there? perhaps they have hired the drill rig to drill them back to back but bear in mind they drilled A-1 and A-2 three months apart (28.03.24 & 10.07.24), perhaps it comes down to money?

[dan de lion] 04/10/2024 14:07

Well, if they are going to do three drills in this quarter, they need to get a move on.

[likeawalrus] 04/10/2024 13:45

am I right in saying the only imminent news is the ok.gov data? anything else likely soon?

[1347] 04/10/2024 12:55

It's not just Iran's facilities, the issue is that Iran will then close the straits of Hormuz, or try to, which blocks pretty much all the oil from the Gulf. That would likely bring the USA and others into direct confrontation with Iran. It all depends on exactly what Israel does, but I don't expect it to be trivial, nor the end of the affair. Israel have to stop Iran getting a nuclear bomb and they are not far away and being helped by Russia now and possibly China, so they can close the gap quicker. If Israel doesn't act now (while they have casus belli) they may not get another shot at it.

[lageraemia] 04/10/2024 07:43

WTI's a bit more than Brent, so UJO's US income is up as well.

[likeawalrus] 04/10/2024 07:42

lager, from what I have read, there is plenty of spare capacity to pick up the slack should Kharg be flattened. imo if that happens there will be a short, sharp spike but poo will settle down albeit higher than it is now.

[currypasty] 04/10/2024 07:35

free stock charts from uk.advfn.com

[markfrankie] 03/10/2024 19:43

Cheers law, 5k is good as it would probably be worth £3.25 now lol

[1347] 03/10/2024 11:16

Well if DB wants to invest in speculative ventures then he and and mates should average down and buy UJO, no excuse not to do so, they got a big enough pay rise last year, as they do most years, based on what criteria DB alone knows.

[likeawalrus] 03/10/2024 10:45

In April 2019, Union Jack conditionally agreed to sell its 7.5% interest in PEDL143 to the new Operator, UKOG. The sale is subject to the execution of a sale and purchase agreement, the principal terms of which have been agreed, and the subsequent approval
by the Oil and Gas Authority. The aggregate purchase price by UKOG for the licence interest is £112,500 and will be settled in cash that shall then be immediately,
simultaneously and irrevocably applied by Union Jack for such number of ordinary shares in UKOG which is equal to £112,500 divided by 1.156 pence, being the five day volume weighted average price on 12 April 2019.

...found this, from memory UJO sold the shares or about £5k

[markfrankie] 03/10/2024 09:45

The ukog shares were a by product of ujo wanting out of *bla bla project* (can't remember) what it was called, but it came to no good as DB predicted, so he oppted on the ukog gamble without any outlay

[bionicdog] 03/10/2024 08:50

I can excuse that.

[likeawalrus] 03/10/2024 08:33

bionic I forgot another one! DB bought UJO shares at circa 30p

[likeawalrus] 03/10/2024 08:30

most of our Royalties are in the Permian

[bionicdog] 03/10/2024 08:27

We can all pick our own shares to invest in. He should use his own money if he wants to do it , unless it's part of some swap deal.

[likeawalrus] 03/10/2024 08:24

his equity investments have not been great - ukog, elep, beacon - all disasters although he did ok investing in Egdon due to the takeover

...I almost forgot the £118'000 invested in BP shares which made a profit of £700

[1347] 03/10/2024 07:40

Another masterpiece investment from DB.

[likeawalrus] 03/10/2024 06:55

Beacon Energy (AIM:BCE), the full-cycle oil and gas company with a portfolio of onshore German assets through its wholly-owned subsidiary, Rhein Petroleum GmbH ("Rhein Petroleum"), provides the following update in relation to its financial accounts.


The Company expects to be in a position to publish its 2023 Annual Report and H1 2024 Interim Results during the week commencing 7 October 2024.

As a result, trading in the Company's ordinary shares on AIM will continue to be suspended. It is expected that suspension from trading will be lifted with the publication of the Annual Report and H1 2024 Interim Results.

[markfrankie] 02/10/2024 17:00

I wonder if they are trying to obtain more us sites

[uggy100] 02/10/2024 16:53

Yes law, they've gone very quiet. That in itself is a bit of a worry.