Union Jack Oil Share Discussion Threads

[sm22] 12/2/2021 12:09

Oi Oi fella... DB thinks your a sill sod... OK

[maxwell] 12/2/2021 12:04

Seems as if a few positions are being sorted as must be settlement day....

[ragnarr] 12/2/2021 12:01

surely the weather over the last week cant of helped proceedings

[bionicdog] 12/2/2021 11:37

If you'd taken my advice , you'd never have paid more than 0.1p , then you wouldn't be worried.

[sm22] 12/2/2021 11:07

You please confirm receipt of payment from your payment address please advise accordingly thank the buyer regards to a payment for delivery tomorrow at noon tomorrow at six and then I have received payment on your account number so I have received payment for delivery tomorrow morning and regards and payment for delivery tomorrow and regards of payment and payment address for delivery delivery tomorrow morning and payment for delivery tomorrow morning thank goodness for the inconvenience please please advise accordingly thank goodness thank your buyer regards and advise accordingly thank goodness for your payment...

[markfrankie] 12/2/2021 11:06

Time to recommend ujo then :-))
Likeawalrus

[sm22] 12/2/2021 11:05

Silly sod...!!!

[telbap] 12/2/2021 11:04

@bionic.......7639......wrestle was meant to be flowing 500bbls in January. It's Feb 12th, still no news......I am about 20% underwater here and starting to think I should sell as that might be a great position to be in come a weeks timeLet's see, I hope I am wrong.

[telbap] 12/2/2021 11:00

Yep, it's apparently not recording new series due to COVID-19

[likeawalrus] 12/2/2021 10:41

I recommended novacyt to my brother when it was 2.40, unfortunately I didnt take my own advice, even with the recent correction he has done very well

[currypasty] 12/2/2021 10:36

I think I should have moved over to drug companies a couple of years ago...doh!

[likeawalrus] 12/2/2021 10:33

25 years investing in O&G explorers, you're a brave man, after just 3 years I have had a brutal education - placings, ramping, half-truths, insider trading - still dreaming of my .22 break even!

[currypasty] 12/2/2021 10:29

yes, bionic, it is also in their presentation in black and white that B1 testing to start this month..

[currypasty] 12/2/2021 10:27

likeawalrus, that's a very difficult one to work out.. most of the oil companies ive been invested in during the last 25 years ended up with 'plug and abandon' rather than oil flowing!

Egdon, the operator, don't seem to update as much as shareholders would like.. It could be next week, or they may go straight for a proppant squeeze then back to clean up.

[bionicdog] 12/2/2021 10:25

News on WNB1Z flow test would be better. Can't be far off as they said the other day that it would be done in Q1.

[likeawalrus] 12/2/2021 10:17

if we dont get some good news re Wressle soon I can see the share price slipping to .14/.15 next week

the RNS said "The Joint Venture will provide a further detailed update when flow rates have stabilised on completion of clean-up."

Does anyone know from previous investments what a reasonable time frame is? thx

[bakedbean] 12/2/2021 10:17

Morning ujo holders .. see what today brings and if we get the Friday rally ...

[compo62] 12/2/2021 10:05

Haven't they played the same episode for the past few weeks?

[telbap] 12/2/2021 09:21

Market thinks the well is a dud, hence back to .16. Has DB hoodwinked us again? Is SM22 a head case? Are we all hoping for the impossible?Tune in next week for "has the well started oil flow yet"

[markfrankie] 11/2/2021 23:47

Ujo up to 40% ownership nowadays

[grannyboy] 11/2/2021 23:25

To all those considering partaking in the use of illegal substances, should after reading the incoherent ramblings that emminate from SM22 posts, this should be evidence enough to show the effects and consequences of divulging in mind altering chemicals ..

DON'T DO IT PEOPLE ..

[sm22] 11/2/2021 17:53

Bionicdog is a had good to have you in regards with your thoughts and thoughts about how you doing with the earth in regards to the other one that we have received from the other side of the property that you can do pick it out of your property if that works....

[karina] 11/2/2021 15:50

Nothing official on that GP. Its been mentioned by California Joe (yes I know.....!)

And other sources, but as I say nothing official to the best of my knowledge

2/Wressle: (27.5% ) Is an oil discovery that’s mired in ‘legals’. It’s a bread and butter asset that has flowed oil and gas. The estimates of oil are circa 2.1 million barrels. Wressle is expected to flow at 500bopd minimum but could hit 1,000 bopd that’s somewhere between 137-264bopd net to UJO.

DB has said in interviews the 500bopd was due to planning

[currypasty] 11/2/2021 15:32

That's my understanding too, that we have council permission, and now need EA, and OGA consent.. no ideas on timing from me

On flow rates, im not guessing either, just pointing to reservoir engineers comments at the time, who have probably better idea than us

[greypanther2] 11/2/2021 15:25

I's impossible to tell what Wressle MIGHT be capable of without seeing all the old and new pressure data and flow rates, so I'd rather not guess. On the face of it, an increase from 80 bopd to more than 500bopd would be highly satisfactory, but maybe a bit optimistic to my way of thinking.