Union Jack Oil Share Discussion Threads

[likeawalrus] 11/10/2024 07:26

RNS 19.08.24
Since being placed on restricted and periodic test production during late May 2024, the Andrews 1-17 well has produced 6,460 barrels of high-quality, ultra-light oil with a gravity of approximately 46 degrees API and 382,000 cubic feet of gas

Interims 23.09.24 - Since being placed on restricted and periodic test production during late May 2024, the Andrews 1-17 well has produced 7,052 barrels of high-quality, ultra-light oil with a gravity of approximately 46 degrees API and additionally 6,407,000 cubic feet of gas since early August 2024

...592 barrels between these 2 RNS's so I guess the ok.gov data is correct
524 barrels is only 17 bpd during August, hardly a major success

[talkman2] 11/10/2024 07:14

Given the share price performance the increase in salary for the senior UJO board members is totally justified. Wouldn’t share holders agree ?

[likeawalrus] 11/10/2024 07:14

if anyone does X, perhaps they could "Reach" out to Bramhill and ask him what's going on?
(hopefully 524 is a typo, 1524 would make more sense)

[likeawalrus] 11/10/2024 07:08

Hello, I note that the official production data available on ok.gov shows that Andrews-1 only produced 524 barrels in August (June 1'549 & July 1'531). However Union Jack Oil's Interim results issued on 23.09.24 stated "Since being placed on restricted and periodic test production during late May 2024, the Andrews 1-17 well has produced 7,052 barrels of high-quality, ultra-light oil with a gravity of approximately 46 degrees API and additionally 6,407,000 cubic feet of gas since early August 2024".
Please would you confirm that the ok.gov is correct or not? Also, should there be gas data for August? I hope you can help, many thanks,


email sent to Reach - probably pointless as they haven't replied to an earlier email

[likeawalrus] 11/10/2024 06:49

Interims 23.09.24 - Since being placed on restricted and periodic test production during late May 2024, the Andrews 1-17 well has produced 7,052 barrels of high-quality, ultra-light oil with a gravity of approximately 46 degrees API and additionally 6,407,000 cubic feet of gas since early August 2024

ok.gov shows just 524 barrels for August for A-1 (Jun 1549, Jul 1531)

we need a statement from UJO to explain the huge discrepancy between the official data and the RNS's

btw A-2 685 barrels for Aug. no gas showing on ok.gov

[talkman2] 10/10/2024 16:17

That’s a bit unfair. You’ve forgotten the value of our investment in Beacon Energy .

[uggy100] 10/10/2024 15:56

DB has been shambolic, investors having to find out flow rates through other sources visit good enough.

[talkman2] 10/10/2024 15:28

Investors should have more confidence in the board .

[talkman2] 10/10/2024 15:27

Could the US investments be as successful as our investment in Beacon Energy ?

[currypasty] 10/10/2024 15:08

Union Jack Oil plc
@UnionJackOilplc
"The foundations of Union Jack’s growth plan in the USA are being laid swiftly and unhindered".

UJO's success in the USA, from a standing start in early 2024, highlights the ease of entry and ability to execute business there, justifying the Board’s decision to seek further growth opportunities internationally to bolster the Company’s flagship production and appraisal assets in the UK.

[1347] 10/10/2024 15:07

There's a reason you're not geting much information on the flow rates, can anyone guess what it is?

[dan de lion] 10/10/2024 14:43

Could do with an update on the Rogers project, been up and running three months now, rns dated 11 June.

[redroobbo] 10/10/2024 14:34

With the shambolic performance on ujo and Mr Bramhill non disclosures of flow rates etc and considering his ridiculous salary and bonuses they gave themselves is it maybe not time for an EGM to basically vote him and Mr O Farrel off the board?Someone about a year or so ago tried to garner support but we only need 5% now to actually call a meeting to vote them off.Mr Bramhill I can't remember when he bought any shares and Mr ofarrel at least he has bought some but the bonus they got and last dividend we got was poor and I must say doing buybacks I was never a fan it wasn't as though they had a specific amount in mind and they kept them in treasury instead of cancelling them so it was a wasted exercise as people know they will be recycled when they need another placing. Would people be interested in in calling for a vote?

[talkman2] 10/10/2024 13:29

Do investors feel this will do as well as Nighthawk Energy ?

[currypasty] 10/10/2024 13:14

Tom Tugendhat said he doesn’t accept the term “climate emergency”, dubbing Ed Miliband’s plan for state-backed energy company “completely insane”.

Great British Energy will provide £8.3m of funding for renewable power projects across the UK and shield consumers from international market shocks. the new Labour government has said.

But speaking on the main stage at Monday’s Conservative Party conference, Mr Tugendhat claimed Mr Miliband’s policies were going to “destroy Britain”, adding: “Every single project he’s got is designed to make electricity and power more expensive, harder to get and to make us more vulnerable to foreign dictators.”

[currypasty] 10/10/2024 12:21

anyone seen or heard from the board recently?

[talkman2] 10/10/2024 12:10

Maybe the main board members don’t get paid enough?

[bsg] 10/10/2024 12:09

Because he's on 370k.

[talkman2] 10/10/2024 12:07

Can anyone explain why Mr. Bramhill , who has an annual salary of over £370,000 hardly ever buys any shares in the market ?

[maxwell] 10/10/2024 12:06

Yes but just the 1 large sell although no reason known??? After all some of us are getting pretty ancient and must dispose at some point or be buried with them after all I am told that still punting in shares at 80 is not uncommon these days plus of course our Chairman is rockin on as well……… great fun just hope it continues!!

[currypasty] 10/10/2024 11:29

300k sell hence price dip today

someone sick of the situation here?

[likeawalrus] 10/10/2024 10:11

hopefully the share price is bottoming out, if not I may take a punt around 12p

it's amazing that the broker has a 12 month TP of 66p...what are they smoking?

[karina] 10/10/2024 09:55

And yet no one attempts to buy UJO and their asset/income Is that telling ?

[currypasty] 10/10/2024 09:38

mcap now only £14m

are we on the marie celeste