Union Jack Oil Share Discussion Threads

[uggy100] 20/10/2024 12:57

DB is in hiding as he's been caught out lieing.

[uggy100] 19/10/2024 16:56

At the end of the day the Wressle disaster happened on DB'S watch. That combined with so many lies surely he must go.

[bionicdog] 19/10/2024 14:17

It never is.

[likeawalrus] 19/10/2024 12:55

Bramhill's achilles heel is his communication skills, however his move into US assets is doing reasonably well so far. In another 6 months we may have 2 or 3 more commercial wells for a fraction of the cost of Wressle expansion (about £5m capex). If Reach can drill 3 or 4 wells a year with a 50% success rate UJO could be doing very well with 2 years

[markfrankie] 19/10/2024 12:03

Some blame everything on one man, it's just not the case. I'm glad ujo focused on usa, uk keep building brick walls whilst gov' have heads in sand, get through 1 brick wall and boom another appears.just not business friendly unfortunately

[markfrankie] 19/10/2024 11:56

Global Energy :)
Like it !
Unfortunately UK is unfriendly to business

[ldbart] 19/10/2024 09:38

Yes. I think a name change is coming. My vote is for 'Global Energy US & UK Plc'. Ticker GEU if not already taken.

[markfrankie] 19/10/2024 08:54

Tnt99 yes anyone with an inch of common sense knows this, unfortunately our government are against the population and the good of uk.com, I'll stop there.
Remember the future is bright - ish
Ksddw, well spotted! And agree very telling

[ksddw2] 19/10/2024 08:51

Did you notice that UJO have started their RNSs with "A US and U.K. focused company" rather than up until recently "A U.K. and US focused company"Very telling. They have had enough of Starmers Car Crash

[tnt99] 18/10/2024 19:34

Seems crazy Uk government taxing oil companies at 78 per cent extended to 2028 how are they expected to drill in the Uk the government are killing this industry Must be greener to import it from India via Russia what a crazy world professing to be green but polluting the planet by shipping it around the world instead of using home discovered resources

[cashandcard] 18/10/2024 15:11

The future of the NS is pretty much this;htTps://www.agcc.co.uk/news-article/kings-property-group-banks-1billion-from-wind-farm-leasesNo dusters involved, a more certain longterm real-estate like model for generating revenue. Cash

[ldbart] 18/10/2024 14:59

5.1M cash as per recent report. That includes the 1M loan, amongst other things.

[likeawalrus] 18/10/2024 12:39

no not at all, I just think Diana will be an H1 2025 drill as there are only 9 weeks until Christmas. although taylor and moccasin are planned back-to-back, I cant see Reach rushing a 3rd in the next 2 months (love to be wrong of course!)

[uggy100] 18/10/2024 12:38

DB has always overpromised & underdelivered. weve been victims of that for years. Quite what the remuneration com.ittee is up to is beyond me.

[1347] 18/10/2024 12:31

Will Diana be the US Keddington?

[likeawalrus] 18/10/2024 12:20

Miles Newman, Chairman of Reach commented: "We are very pleased that the Andrews 2-17 well has come in as expected from our 3D seismic. We purchased a Stryde node seismic system to efficiently and inexpensively acquire our own seismic and are delighted to prove up the interpretations.

"The second well in the Andrews field encountered the productive Hunton reservoir 30 feet up-dip from the Andrews 1-17 well. The gas sales line has now been commissioned, on time and under budget. The well is free flowing good quantities of oil and gas and is water free.

"The Andrews field is being developed and we are very excited to turn our attention now to the Q4 2024 drilling campaign, targeting the Taylor and Moccasin Prospects."

...my feeling is Bramhill has made a mistake saying Diana will be the 3rd Q4 drill, overpromising again?

[dan de lion] 18/10/2024 11:29

He should be pushing the American side to get a move on with the three drills he promised for this year

[currypasty] 18/10/2024 11:27

If you add up all the raised money so far, all the placings, you will find a large % of that money is 'lost'

[bsg] 18/10/2024 09:58

I suppose you could argue that he put the value there in the first place?