Union Jack Oil Share Discussion Threads

[likeawalrus] 10/6/2025 12:38:32

I should add than Andrews gas is 40'774 according to ok.gov (4870 in March)
so could be 50m by now if 5000 pm is normal

[likeawalrus] 10/6/2025 12:35:55

the published data for A-1 and A-2 combined shows 6499 barrels from June-24 to date. there's no oil data for March which tallies with my suspicion that although ok.gov says its production data, I believe it's actually data for oil sold. imo oil production is now so low they can only fill a tanker every 2 months for each well.
the 3500 shortfall appears to be oil produced during testing

at the end of this month we should have April data which may show about 170/180 barrels per Andrews well.

we may also have data for Taylor as ok.gov stated 2 bpd in early April but if 2 bpd is normal for Taylor, it could be 3 months before they can fill a tanker!

ok.gov stated 100 bpd for Moccasin so April could be circa 3000 barrels

Obviously I will post if ok.gov indicates Young has been spudded - not 100% sure if it's a Reach/UJo JV but probably

[currypasty] 10/6/2025 12:22:43

likeawalrus, does 10,000 bls tie up with official Govt. data ?

[currypasty] 10/6/2025 12:21:48

Union Jack Oil plc
@UnionJackOilplc
·
36m
Our first USA JV at West Bowlegs (Andrews Field) has delivered thus far:

• Over 50 million cubic feet of gas
• 10,000 barrels of oil
• Field life estimate: 20 years
• Operating cost: < $5/boe

Learn more:

[kim_clay] 10/6/2025 12:01:01

It's pretty much cut and paste although interestingly they did decide to change some words.Significant increase to increase.Development activity being planned to being evaluated.Significant value creation to notable value creationWalking down previous expectations and materiality adjectives.The words significant removed twice, being evaluated not planned.

[1347] 10/6/2025 09:05:50

The Annual Reports are the same, just pretty much cut and paste from the year before. Probably spends about 10 minutes on them while on the free WiFi at Greggs.

[likeawalrus] 10/6/2025 08:47:46

Finals 17/05/2024 - share price 23p

I am confident that the significant increase in drilling, appraisal and development activity now planned in the pursuit of growth from our balanced UK and USA portfolios has the potential for significant value creation for shareholders. We believe our heightened activity and the expected additional news-flow generated, combined with effective investor engagement on both sides of the Atlantic, will continue to attract the ongoing support of our existing shareholders and the attention of new investors, broadening the appeal of the Company to a wider audience.

Finals 19/05/2025 - share price 9.25p
I am confident that the increase in drilling, appraisal and development activity being evaluated in the pursuit of growth from our balanced UK and USA portfolios has the potential for notable value creation for shareholders. We believe our heightened activity and the expected additional news-flow generated, combined with effective investor engagement on both sides of the Atlantic, will continue to attract the ongoing support of our existing shareholders and the attention of new investors, broadening the appeal of the Company to a wider audience.

...significant value creation? effective investor engagement? new investors? broadening the appeal?

[currypasty] 09/6/2025 18:30:10

"At time of writing, Keddington is expected to be, following site upgrades, close to being operational"

3 weeks later, tick tock

[kim_clay] 05/6/2025 22:01:44

You pays your money, you get your story.You p*ss of the bloggers and commentators like Winnifroth you get bile and venom.There's no factual rational analysis of the information because there's no money to be made out of it.

[likeawalrus] 05/6/2025 14:03:30

it's funny how every article about UJO conveniently ignores our disastrous investments in Beacon And Elephant

[currypasty] 05/6/2025 13:28:25

in case you missed the share talk write up (paid???)

[likeawalrus] 05/6/2025 07:23:12

Would someone who uses X ask Bramhill if Young 1-13 in Lincoln County is a Reach/UJO JV, he may not comment but its worth asking, thx.

[likeawalrus] 04/6/2025 14:58:10

toon I think the time to worry about a placing is when Bramhill produces a flurry of interviews lauding Kedd and/or Moccasin, in fact about a month before the last placing I remember DB saying during an interview "fully funded, no placing"...he lied.

[likeawalrus] 04/6/2025 11:26:41

quite a lot of near-term news
- Kedd flow rates
- RBD Finals
- Moccasin data April
- Young spud?
- AGM vote - squeaky bum time for Bramhill?

Q3 ?
- Wressle PP
- WN PP

[currypasty] 04/6/2025 09:16:40

@UnionJackOilplc

Union Jack Oil blends UK heritage with US opportunity.

🛢️ Flagship UK projects like Wressle & Keddington
🛢️ Strategic US drilling partnerships & royalties
💸 Cash flow from both sides of the Atlantic

Learn more:




so Keddington has been upgraded to 'flagship' are we actually back on stream yet?

[currypasty] 03/6/2025 16:00:18

thanks to Kimclay for working this out

"The company has raised £25mm plus $23mm (£17mm) of Wressle revenues plus some minor revenues from Keddington/Fiskerton/Andrew etc say another £1mm - that totals £43mm made available for (re) investment.
They’ve returned £3mm of Dividends and Buy backs.
So the Net invested to date is £40mm."




MCAP now £9 million


what a complete waste of time and our money

[penciles2] 03/6/2025 14:56:16

Fund raise on its way@ .5p

[kim_clay] 03/6/2025 13:24:46

Exactamondo 1347.You can simply hold a USD account with your local bank and transfer (and receive) funds direct to/from the operators US account. The business is fundamentally exposed to currency risk as its only product is priced in USD.The risk exposure when owning US assets and operations are well understood. Most foreign companies operating in the US set up an LLC as a firewall between their US operation and the rest of the company to limit a normally litigious business environment from laying claim to non US assets and Directors. Doesn't protect you from Macondo type events but presume UJO have this risk covered.

[1347] 03/6/2025 11:05:22

There is no requirement as far as I know to show seperate bank account balances, only the overall cash position in the reporting currency.

[likeawalrus] 03/6/2025 10:59:18

I seem to remember DB saying he had opened a USD account - I cant find a balance in the accounts although I did find this. If we do have a USD account should it not be identified in the accounts?

During the year, the Company’s activities did not expose it to financial risks of changes in foreign currency exchange rates. Whilst oil revenues are paid in US dollars, currency is exchanged at a spot price, unless allocated to US near future expenditure.

[kim_clay] 03/6/2025 10:42:52

LAW - It's certainly a Reach application, and it's in Lincoln County immediately north of Pottawatomie county and Young-1 would seem to be highly likely a Reach/UJO well. The obvious questions are: Is UJO involved if so The deal between Reach and UJO follows a similar pattern.UJO pay a share of historic costs, and 1/3 extra on their share of the first well to be drilled on a licence ie 60%, thereafter paying just their 45% (75% for Diana). This was the case for each of Andrew, Taylor, Moccasin and the yet to be drilled Diana.As Young-1 is in a different county does this mean it's in a different Reach licence and so will UJO be paying historic costs and 1/3 extra for this well or is it an extension of the Moccasin deal and so it's simply UJO paying their 45%. Given that it may have come about because of Moccasin success for which UJO already paid an uplift then it's seems only right that this should be the latter arrangement ie just 45%. Hopefully an update soon as it's unhelpful to have drilling/production information publicly available before being announced to all shareholders.

[currypasty] 03/6/2025 10:16:44

I hope the funding was for Ire/EG and not just wages and overheads or worse still the next 'blue sky' exploration project

[kim_clay] 03/6/2025 09:47:18

The EOG deal relates only to Wressle 1 gross revenues. Wressle 2/3 is completely unaffected so both UJO and EOG will each need to find 40% and 30% of the Capex and Opex, but they will both receive their full share of revenues from those wells. My take is that this was in effect an urgent top up to EOGs bank account to fix a temporary cash flow issue possibly related to funding for progressing Ireland/EG.