Union Jack Oil Share Discussion Threads

[atino] 29/10/2020 15:35

ATINO - THE GREAT “OUT SPOKEN” ONE ☝🏻 😜 (...and the swine you would love off the bb’s, if you have a faint heart ! 🥵)

[atino] 29/10/2020 15:34

...all is going according to plan here I see ! 😤😉😇

[atino] 29/10/2020 15:31

From “flat line” status...to a “cliff hanging”...dropper 🤦‍♂;️ !



🙇‍♂;️ Exploration, appraisal and production

Nottinghamshire County Council agreed to look again at the plan policy which separated production from appraisal and exploration.

Paul Foster, of the planning consultancy Aecom, representing Egdon Resources, said this separation was not sound, justified or consistent with national policy.

He said all seven of the production planning permissions he had secured since 2007 had been at sites where exploration and appraisal had previously been carried out.

“There were no instances where an alternative site was selected for commercial production once a site had been explored.”
Supported by other oil and gas companies participating at the hearing, Mr Foster said:

“Operators will invest a considerable amount of money in developing a well site at the exploration stage. They would have secured a significant amount of geological data having drilled that site. … They will be confident about the amount of commercial reserves available. They will have an agreement in place with the landowners for commercial production.

“They are not going to be looking afresh at a whole range of new sites when they move to commercial production. The pragmatic approach is that they will be identifying existing sites that have already been explored for that particular mineral.”
Mr Foster also said:

“Exploration is the most intensive phase of hydrocarbon extraction, involving considerable amounts of HGV [heavy goods vehicle] movements, soil stripping, changing the landscape, drilling – a very intensive period albeit temporary period only. Commercial production is considerably less intensive, albeit over a longer period of time.”

[theaviator] 29/10/2020 13:56

DB still in hiding in the Afghan hills. He won't be placing for sometime LOL

[likeawalrus] 29/10/2020 11:54

UJO has £10m cash, enough to weather the economic storm AND continue to develop great assets, Wressle just weeks - if not days - from flowing, West Newton drill going well, all onshore oil and gas, relatively low risk and definitely low cost, enjoy the ride!

[theaviator] 29/10/2020 11:33

You really are a piece of work

[owlbaby] 29/10/2020 11:03

People are fed up that DB wasn't straight with them about the placing happening when he had a chance to choose more candid words & then finding out insiders had been blatantly tipped off. It'd be foolish to think the company would treat them properly if there was a problem, an expect that the company will use PIs to carry the can if there is problem is more consistent with events.

[currypasty] 29/10/2020 10:50

I would imagine that all the posts on twitter and LSE about the drill pipe stuck down the hole, hit granite, no working for days, and a placing due are probably a bit erroneous!

[telbap] 29/10/2020 10:49

Another month of just trying trying before we get some drill results. At least we will know the end game before Christmas. Lol!

[justtrying1] 29/10/2020 10:17

Placing coming again??

[maxwell] 29/10/2020 09:30

MM’s pushing down on any reasonable sell - might be a good time to step in & top up if funds available.

[atino] 28/10/2020 17:37

news ?? 🤦‍a94;️...this went to 0.08 on last pandemic wave (and on - pre-fundraise also, mind you 😉🙇‍♂️)



(Post dilution 🤔)...I wonder what levels we can see bear witness to see (...come 2nd wave 🌊). 00.8 was your last line of support (...will you’s make 00.4 before management start acting) 😉. France & Germany could be nearing lockdown again...

[bionicdog] 28/10/2020 16:07

Bloodbath on the markets at the moment. Wouldn't be a great time to release news anyway.

[maxwell] 28/10/2020 13:39

4.5 - 1 selling if you believe the stated guide, which is under the circumstance a definite blip, although the total volume not exactly large so far.....

[likeawalrus] 28/10/2020 11:11

in the 3 years that I have been investing in O&G explorers I have learnt 3 things, little or nothing happens on schedule, always be ready to take some profit and one needs the patience of a saint. ujo will deliver in the next few months :)

[guesswhosback2] 28/10/2020 10:36

MM do not know anymore than we do and we know nothing until we are told. 4 weeks out of a 6 to 10 week drill.

[soulsauce] 28/10/2020 10:06

There is no interest here or at RBD which is stunning given not only the importance of the drill to both companies but also for the country.
But we shouldn't be shocked as both companies have diluted shareholders in to oblivion and have little care or regard for them, especially P's.
If RBD had managed to get Delt there would have been another 2bn shares swilling about. Rant over.

[maxwell] 28/10/2020 09:54

Seems to be 3:1 sells today hence MM’s giving the lead per they know what the management and investors do not know!?!?!?! Or is it just a tempter to draw a few on the sidelines in prior to the trip forward. Maybe everyone just getting bored?.. let’s have your thoughts.........

[maxwell] 27/10/2020 19:37

MM’s can only hold down so long as they have plenty of shares to get rid of, as soon as news it will jump very quickly and then the sellers will moan etc...........

[markfrankie] 27/10/2020 19:23

I know bionic But the city isn't believing it...I dont like it either But the share price is reflective, short-sightedness due to bp's half hearted test of the area a long time ago?
Since bp's test Things and operations have changed so much,