Union Jack Oil Share Discussion Threads

[theaviator] 04/10/2020 14:17

Don't sign up part time for Ryan air. Max 200s....crazy! Lol......

[theaviator] 04/10/2020 14:02

Time to sit back and enjoy life now ccr eh!? Well deserved - good on you! Fingers crossed here...who knows with the right wind behind it depending on results....we will try best to navigate anyway the best we can....

[ccr1958] 04/10/2020 13:34

Agreed Ta the dilution has knocked this big time ...but my average is now at last placing price ish so looking for similar to u for maybe slicing... btw ref. My redundancy money ,it was VR after 46yrs man&boy... hung up my wings ;)

[theaviator] 04/10/2020 13:29

Fair point OB. The markets in general are probably in for a battering again really. Ultimately as have said before things will recover..however am sitting 70% cash for forseable..

[theaviator] 04/10/2020 13:27

GP it's as much about the hype - its aim. I should imagine WN will have great news coverage. Aim is largely tradeable but uninvestible. .30 is my first target here really.

[greypanther2] 04/10/2020 11:53

A 0.3p share price would be really great after all the dilution, but is it realistic, I wonder? There are close to 20 Billion UJO shares in issue now, and we obviously have a lot of other interesting other assets. But, if you were to say that about 75% of UJO's market value is in WN - and it's only a guess - then 0.3p x about 20 billion x 75% comes to £45 million for our 16.665% share of WN. This would value the whole of WN at about £270 million, which seems a bit much for a still untested discovery. Am I being too pessimistic, maybe?

[likeawalrus] 04/10/2020 11:11

it will be interesting to see how the share prices for rbd .58/.62 and ujo .17/.175 respond this week. I think rbd is significantly undervalued relative to ujo (or it could be ujo is overvalued compared to rbd). ujo should have a very good run as we approach wressle but WN is potentially a much bigger win for rbd, well that's enough of my ramblings, I've got both horses in the race so hopefully a win/win :)

[oilbuy] 04/10/2020 10:33

.3p would bring the company to 60M cap

[oilbuy] 04/10/2020 10:27

A good result might get you back to .3p Unfortunately the oil price has dropped below 40 A lot of stress incurred by retail investors over the last few years with poor placings. Do the placees ever loose out ? Answers on a post card.It's clear the retail investors do.

[bionicdog] 04/10/2020 10:15

Well spotted. Unlike them to report on a Sunday.
Here's a link that works.

[32campomar] 04/10/2020 10:11

Drilling has commenced this morning https://www.rathlin-energy.co.uk/latest-update/

[grannyboy] 03/10/2020 21:07

Haha, well it could have been after 10pm pub kicking out time?😃

[bionicdog] 03/10/2020 20:46

I meant the saddo filming it.

[grannyboy] 03/10/2020 18:25

Yes they must have better things to do on a Friday night than twiddling their thumbs on a rig platform, I was also most intrigued by car headlights being turned on, I noticed a couple of cars, as if they were signalling a code to each other... I'm sure the code read "Drilling has now commenced , all systems go, but keep it under your hats" ...👍👀;

[bionicdog] 03/10/2020 16:05

Haven't people got anything better to do on a Friday night?

[greypanther2] 03/10/2020 15:34

A nice shot of the rig by night. But can you really tell what's going on, other than some people moving around on the drill floor/ Whatever it is, spud must now be very close, even if it's not happening right now

[currypasty] 03/10/2020 14:04

Drilling reportedly started

[bionicdog] 02/10/2020 13:40

Yup , I certainly did. They normally get the price up before placing.

[currypasty] 02/10/2020 13:39

would have preferred to have overtaken ukog by a rise here, not a placing there.

btw, did you notice there was a discount to market price, but market price hadn't halved prior !!!!!!!!!!!!!

[bionicdog] 02/10/2020 13:22

They don't usually start drilling till they've finished the rig.
On a positive note , we've overtaken UKOG again.

[currypasty] 02/10/2020 13:14

The possible testing the machinery is not the same as drilling. I would guess Its about built up and in final stages ready for actual spud next week...

[bionicdog] 02/10/2020 13:07

GP
There is no proof for a good reason.

[guesswhosback2] 02/10/2020 12:39

Skipper - useful information, thank you

[likeawalrus] 02/10/2020 12:37

thx skipper that's very interesting, I assumed there would be a minimum investment, something like £50k, good to know that's not the case. I would have been interested in investing, but as it happens I managed to buy a few million sub .16 after the placing so it actually worked out quite well for me, exciting days ahead!