Union Jack Oil Share Discussion Threads

[colinbicknell] 16/10/2024 08:23

Are they still saying 3 more drills to be done in US this year ?
Wait for the can kicking RNS
Cash getting down to low numbers now, as is wressle and oil from US
Then what, new shares ? Sell the buybacks at a 60% LOSS ?

IMO DB is keeping this going now for his £1000 a day salary

[1347] 15/10/2024 18:11

So even if the figures prove to be accurate do you think £10 m revenue per annum is going to set the world alight?

[currypasty] 15/10/2024 17:52

i was going off rns figures 🤣

[markfrankie] 15/10/2024 17:40

Well I guess we may have to wait for the next general election and hope the next lot 'R' are more homegrown-energy-friendly

[penciles2] 15/10/2024 16:46

Weakness could you in front of placing

[likeawalrus] 15/10/2024 15:24

curry, how did you get to £500k pm ???
wressle is $320k pm at best plus $60/$70k from the US so no more than $400k or £300k pm imo

[currypasty] 15/10/2024 15:15

not sure about that, but perhaps he has had so much ear ache its spurred them into action 😂😂

[bionicdog] 15/10/2024 15:07

Hooray , we are saved.

[currypasty] 15/10/2024 15:04

twitter fires up again

"Union Jack has made significant progress in building a cash-generating hydrocarbon venture and establishing a new corporate “North American brand” complementing the Company’s already successful oil production and development business in the UK."

[currypasty] 15/10/2024 14:45

over £500,000 per month, and stuck at £12m MCAP

surely takeover target, put everbody out of their misery?

[likeawalrus] 15/10/2024 14:30

here's my lse post - not 100% sure about Royalties though

Here's what we know about our US assets...

Andrews-1 for August: oil 524 barrels + gas 3'220 mcf

Andrews-2 for August: oil 686 barrels + gas 1'972 mcf

...maybe $30k-$35k pm from oil and $6k pm from gas

from Interims 'Acquired a balanced portfolio of USA Mineral Royalties for approximately US$1,000,000 generating a 20%+ return on capital invested to date'...so maybe $30k pm?

that's about $60k-$70k pm, not too bad imo

[1347] 15/10/2024 14:09

My expectations were never high about the USA, rightly so, and I did express them several times on here.

[mickhay3] 15/10/2024 13:19

Hate to say this, but every david says we're fully funded a placing follows !!

[markfrankie] 15/10/2024 13:15

Well done on your prediction mickhay3
What's your next prediction

[mickhay3] 15/10/2024 13:13

Predicted 12p 6 months ago

[atino] 15/10/2024 11:40

11.25p….(S3 support 💭💭💭 ???)

[karina] 15/10/2024 10:37

As you know I've been a defender of DB and UJO. But at this current time I'm out

[karina] 15/10/2024 10:35

Exactly maxwell. If the company doesn't see value at this core level why would anyone else ? The spread in the US exchange continues to be a shambles too

[likeawalrus] 15/10/2024 09:46

Bramhill is the problem, his ramping set our US expectations too high, as usual he over promises and under delivers. He just doesn't get it, he should have set realistic expectations which could be met or exceeded...

[bsg] 15/10/2024 09:39

This will go lower IMO. The USA wells have been poor in many peoples eyes. So their production rate will be in the next report. Then when the facts are out there may be a rally in share price

[currypasty] 15/10/2024 09:37

heid on lse sold out... bit of a releif actually

[maxwell] 15/10/2024 09:33

Just might be the time for the Co to buy back and increase holding plus average down of course.

[likeawalrus] 15/10/2024 08:45

it looks as though a few investors are throwing in the towel (Bramhill you'll like that analogy it's a boxing term). I thought it was a good buy at 15p, now I'm looking at 10p or 11p to top-up, what a disaster for investors :(

[talkman2] 15/10/2024 08:29

The future of UJO is bright . I suppose it is if you’re on a salary of over £370,000 per year .