Union Jack Oil Share Discussion Threads

[uggy100] 04/11/2024 21:46

All of the above law !

[markfrankie] 04/11/2024 20:55

Yes but law do take into account UjO are not the operators, at the end of the day its down to them I guess,

[likeawalrus] 04/11/2024 14:41

...just noticed this is the RNS of 29.10.24

'Taylor will be followed as soon as possible by the drilling of the Moccasin well ("Moccasin") in which Union Jack hold a 45% working interest.'

...perhaps I'm reading too much into a few words but at face value Bramhill is no longer claiming that Taylor & Moccasin will be drilled "back to back" - Moccasin now "as soon as possible".
Also no mention of Diana in Q4 as stated in the Interims


Interims 23.09.24
Moccasin, Taylor and Diana-1 wells planned to be drilled during Q4 2024
"...planned to be drilled back-to-back with the Moccasin well during Q4 2024."


...same old Bramhill, over promising then quietly moving the goalposts

[likeawalrus] 04/11/2024 14:01

does anyone have a link to Rathlin's West Newton application documents that have all the conditions set by East Riding Council in September? thx.

...I think it may be an EA link rather than ERC link

[bionicdog] 03/11/2024 19:02

No thanks.

[cat33] 03/11/2024 17:53

Weekend UJO summary from Jim https://oilman.beehiiv.com/p/oilman-jim-s-letter-november-3-2024Worth reading with links and lots of other interesting info

[maxwell] 01/11/2024 14:30

An astute investor methinks made a couple of grand this week with a 100k trade buy and sell (10p. - 12p) wish I had been able…. Try to rearrange funds to maybe have a go next week especially with drilling on the go?? Can only hope!!

[kim_clay] 01/11/2024 13:43

Curry you are correct in that there is no breakdown of downtime for upgrades. However they have given enough info to roughly estimate revenue from their production number updates in May, August, September and October.May - Aug A1 + A2 7004bbl + 2.2mm cf.Aug - Sept A1 + A2 1062bbl + 7.8mm cf.Sept - Oct A1 + A2 699bbl + 10.1mm cf.Using 70usd/bbl and 2.50usd/mcf as an estimate of the share of revenue (at 45%.)May - Aug 233,188 usdAug - Sep 43,212 usdSep - Oct 33,446 usd.This fits with the recent announcement that it's now predominantly a gas field. Costs to date also shared as 1.2mm usd (347k+516k+340k for drilling A1/2 and past costs)

[bionicdog] 01/11/2024 11:11

Hear hear.

[uggy100] 01/11/2024 10:53

I think we've all concluded by now that Bramhill is bloody useless ! He gets paid a fortune for doing very little.

[likeawalrus] 01/11/2024 10:21

DB has also flip flopped over wressle data. remember he had a twitter poll asking if investors wanted the $1m announcements to continue? yes we said but he then dropped them! He said he would issue quarterly wressle data which he did for Q1, then on 10.07.24 he said $20m and then 29.10.24 said $21m. so no wressle data just $1m announcements again. consistently inconsistent!

[uggy100] 01/11/2024 09:50

Yes Curry & to Bramhills eternal disgrace he's kept quiet about it.....not good enough.

[currypasty] 01/11/2024 09:39

unfortunately we dont have much info on the Andrews wells.. A total figure in UJO RNS, or Govt. data websites dont tell the full story. It would be nice to know actual daily rates, ammount of downtime, is the gas pipe up and running, what are the decline curves looking like, are there any upgrades planned?
What is the problem issuing this info? Without it investors just think the worst!
They could be on 50 bopd, but only working part time

[uggy100] 01/11/2024 09:34

Yes but they mention success in the u.s. which I take to mean the Andrews Wells which we know haven't been great.

[maxwell] 01/11/2024 08:46

SP Angel blurb giving share price 66p price target against Zeus share price target of 70p

[cashandcard] 01/11/2024 08:13

That's good. They need to keep rolling the dice. More shots at success - eventually something will give.Cash

[currypasty] 01/11/2024 07:28

thats a releif

[uggy100] 01/11/2024 07:20

Not too bad.

[likeawalrus] 01/11/2024 07:19

Mar 511 bpd, Apr 436 bpd, May 383 bpd, Jun 356 bpd, July 390 bpd

August 382 bpd