Union Jack Oil Share Discussion Threads

[bakedbean] 31/8/2019 12:03

U cannot deny this Atino chap has a point , non of it lies just facts .. maybe this Chris oil needed some funds freeing up, just like a property investor may sell properties where long time tenants in.. could be something as simple as that

[atino] 31/8/2019 11:02

see ?? 👀

...the only thing I’ve been seeing on this thread...are those...trying to emulate Chris oil !


Why shadow or follow a man...who’s stake is now riding for “FREE”...and has NOTHING FINANCIAL TO LOSE 🤷🏻‍♂️💭💭💭

If this guy is the sole (...most single!)...LARGEST SHAREHOLDER @ 4% holding in the company...then surely, this MUST ILLUSTRATE...the LACK OF INSTITUTIONAL INVESTORS in the company ! (...which I find v.worrying!)

[atino] 31/8/2019 10:39

Tweet (Chris oil):

18hrs ago - Still largest shareholder in #UJO #UnionJackOil free ride now up 300 percent 99% top slice at this level

12hrs ago - imminent significant oil #WestNewton CPR and #ASSET updates plus return #FlowTest and #Interims #ChrisOil #FreeCarry still largest shareholder time for victory #UJO #UnionJackOil


This guy, must have got in at very low price 🤔 - I sincerely hope “other hopefuls”, haven’t got in...at the current higher prices !!! 😖

[atino] 31/8/2019 10:05

So as per his claims...he has de-risked ...and now riding in for free 😉🤷🏻‍♂;️



This insinuates...that this man (Chris oil) is skeptical or not confident enough of share price angel target price being reached of 55-45p 😉

[atino] 31/8/2019 10:01

Twitter quote & confirmation of his sell:

Chris Oil @chrisoil·18h

“Taken some profits now 🤦‍♂;️ in for free bring on the imminent significant CPR #UJO #UnionJackOil leveraged play on #WestNewton

[guesswhosback2] 31/8/2019 09:56

I have them all on filter. It's annoying to log in only to see pages of filtered posts.

[atino] 31/8/2019 09:40

Or maybe you don’t like FACTS 🙇 & supporting pieces...of statements/evidences 🤦‍a94;️👎🏻👎🏻👎7995;

All those claims of...”blocks of buys” trades....when you’s have been having...the BIGGEST SELLER in the BACKGROUND for days 🤦‍a94;️🤦‍♂ᥧ9;🤦‍♂️ !!

[atino] 31/8/2019 09:37

(Dude 🤦‍a94;️) FACT 🙇 - Chris oil, has sold nearly....50% of his holding !


Whilst you’ve been busy “hyping”...he’s been busy SELLING !! 🆘 🚨 Ouch ! 😖😤

[lageraemia] 31/8/2019 09:29

With Atino and Jammydodger on filter this thread pure gold....

[atino] 31/8/2019 07:17

(🙇 Quote, 5hrs ago) “The initial petrophysical evaluation identified a gross oil column of approx. 45 m underlying a gross gas column of approx. 20 m within the Permian-age Zechstein Kirkham Abbey carbonate interval.”

According to Reabold Resources the WNA-2 appraisal had two objectives:

- To appraise the Permian Kirkham Abbey Formation gas discovery: shoal and “slope deposit” reservoirs

- To test a deeper Permian Cadeby Formation reef flank oil prospect

Initial open hole information indicated that in many respects the zone penetrated was consistent with that encountered in the WNA-1 well, however, the WNA-2 well indicated the presence of both gas and oil in the reservoir as opposed to a pure gas project as originally thought.

The press release from Rathlin Energy (UK) Limited presents the latest updates for WNA-2 well:

Evaluation of the WNA-2 open hole data has identified an estimated gross hydrocarbon column of approx. 65 m in the Kirkham Abbey formation

A cased hole pulsed-neutron tool was run across the Kirkham Abbey zone as a means to differentiate and confirm fluid saturations

With the indication of a potentially significant oil column, the Extended Well Test (“EWT”) has been temporarily suspended in order to review and revise the well test design to deliver the necessary test information to validate this important onshore resource

Following the integration and evaluation of the core, petrophysical, seismic and test data, the Operator and partners intend to commission a revised CPR to re-assess volumetrics and revise NPV10 values based on the information acquired from the WNA-2 well

The WNA-2 well exhibits encouraging porosities on logs and in the core, particularly in the identified oil zone, where in excess of 30 m of porosity has been measured. The core also exhibits natural fracturing which is confirmed by an imaging log run across the entire Kirkham Abbey interval.

Additionally, the WNA-2 well data provides a good tie to the high quality three-component 3D seismic volume that covers the entire West Newton project. The new data allows for a revised interpretation of the seismic volume incorporating the well and the newly identified gas over oil gross hydrocarbon column.

The West Newton A-2 (WNA-2) appraisal well is located within onshore PEDL183 and operated by Rathlin Energy (UK) Limited with 66.67% interest, with Union Jack Oil and Humber Oil & Gas, each holding 16.665% interest, as partners.

The license is located within the Western sector of the Southern Zechstein Basin and contains the West Newton A-1 (WNA-1) discovery well.

A best estimate contingent resource of 31.5 MMboe was identified for WNA-1 in a Competent Person’s Report (“CPR”) compiled by Deloitte in June 2017.

[atino] 31/8/2019 06:49

This...“Chris oil”...SOLD...on the rise ??? 🙇🤦‍♂️🤦‍♂️😤8078;🏻Ԁ78;🏻 (...from 7%, now down to 4%) !!

He’s showing great confidence in this additional oil find ! (...not 🤦‍♂;️)

- This is the same fella whom has spent months bigging UJO up 🤦‍♂;️!

- He has sooooo many glamorous vids and photos posted on his twitter feed; don’t you want to be like him 🤦‍♂;️ Off-load & de-risk 😜 !

[matunde24] 30/8/2019 23:36

Who are you taking about?

[atino] 30/8/2019 17:54

(Quote) Union Jack Oil (UJO) has been making very bullish noises about its discovery at West Newton, which it is intimating is more significant that originally anticipated. The discovery was originally touted as a gas reserve but it now seems that there may be oil as well.

Union Jack Oil has a 16.66% stake in the site and reckons that it is now looking at a 45 metre gross oil column. The firm said that it is awaiting further information on the find and exactly how much oil and gas is actually in place and can be pumped.

The West Newton well in question has been drilled down to over 2000 metres.

The other companies that are involved in the project are Rathlin Energy and Reabold Resources. Originally the triumvirate of companies had thought they were looking at a small gas field, but it does now seem as if they have stumbled onto a more lucrative oil reserve.

The significance of the find is not to be underestimated. It could conceivably be one of the biggest onshore hydrocarbon discoveries since the 1970s. This is obviously sparking excitement among investors.

Block Energy and the Georgian oil play
Sirius Minerals – What’s all the fuss about?
Union Jack Oil shares climb on back of discovery

Union Jack Oil shares had been priced at around 10p going into May, but since then we have seen considerable activity, with the price rising to 31p by the middle of August. Right now investors are holding steady at around the 30-31p mark awaiting further data from the find.

The AIM-listed oil exploration specialist has a number of different projects in the UK already, although management is very bullish on the West Newton find. It covers an area of 4,800 acres, with a licence for 176,000 acres. According to its nomad broker share price Angel, Union Jack Oil believes there to be “significant upside” in the remainder of the acreage. The current results means some of the other exploratory drilling could now find much more than was originally expected.

The business raised a further GBP 2.25 million in late June, which puts it in a stronger position to exploit further finds.

One challenge investors need to bear in mind before buying into Union Jack Oil is that a UK field of this nature will face substantial environmental and development obstacles. As we have also seen with recent fracking and biogas projects, energy companies must navigate a maze of conflicting requirements before bringing a well like this on-stream.
On the upside Union Jack Oil already has access to existing pipeline infrastructure in the immediate area, operated by Centrica and Perenco.

The find has caused share price Angel, the company’s broker, to lift its target price from 44p/share to 55p/share. share price Angel said in a research note that “this could be one of the most significant onshore discoveries made in the UK in years, if not one of the largest ever.”

[bionicdog] 30/8/2019 17:41

Wow Barry's back.

[maxwell] 30/8/2019 16:50

The person Chris has reduced his holding from 7% of shares in issue to 4%
of shares in issue In other words he still hold 480 million

[atino] 30/8/2019 16:42

...struggling to stay in the 0.30’s range 🤔💭💭 hmmm

All of a sudden..them 12billion shares in circulation...seems HEAVY 🏋️205;♂️

What an awful “share capital structure” here - needs tidying (or belting up!) IMO 🧹 😉🙇

[bakedbean] 30/8/2019 16:38

Mm,s settling the day approx unchanged .. can anybody explain the rns please

[0410898] 30/8/2019 16:33

My purchase gone through as a sale, wonder how many others have

[wisteria2] 30/8/2019 16:24

700 bopd wrestle in November will give ujo approx. $3.5 million per annum...from the main man DB !

[7rademark] 30/8/2019 16:21

Blue close to set us up for a rerate next week, the mms putting this down by 8% on a PI selling is plainly ridiculous