Union Jack Oil Share Discussion Threads

[likeawalrus] 02/3/2021 13:15

DB was paid £160,000 in 2019, does that help?

[sm22] 02/3/2021 12:56

Crusty Kev, says BUY BUY BUY...

[sm22] 02/3/2021 12:53

You are a laughing stock... WETWIPE

[currypasty] 02/3/2021 12:39

15.5p to buy, below the last placing price..

does anyone know where the 'embarrassment of riches' are ?

thanks in advance

[atino] 02/3/2021 11:51

Hey SM22 💭💭💭




...you like:-) ?? How many tankers have you managed to spot so far ???

Why don’t you get yourself one of them air drones thingy...go outside...into the beautiful hills 😜

[atino] 02/3/2021 09:41

Need more positive posts on here me thinks...(Curry - the pro “for” squad, need your input!) Post ✍🏻 man !


Let me try a POSITIVE spin...


(Quote) More good news from Union Jack and in this case Egdon as well. The Gross Mean Prospective Resources associated with the Westphalian Sandstone target area are estimated by the Operator to be 3.95 mmbo, with an upside case of 6.69 mmbo. Preliminary economic modelling demonstrates that the Westphalian target alone is economically robust in the current oil price environment with break-even full-cycle economics estimated at US$18.07 per barrel and a gross NPV(10) valuation of £55.6 million.

UJO’s technical team have for a long time believed in Biscathorpe and success with this planning consent would be another chance to prove that right. In terms of national value the field would be extremely important with its low carbon imprint…


..any good Curry ?...Did I sound like one of you’s ?? 😜

[atino] 02/3/2021 09:07

SM22- whilst your stationed day (and watching the share price sink below past 0.15)...be sure to count & post...how many dumper trucks 🛻 leave site 😜

(...u r a “good boy” 😈)

[sm22] 02/3/2021 08:31

Crusty Kev, says watch ...

[sm22] 02/3/2021 08:19

Silly Sod...

[atino] 02/3/2021 06:56

Morning SM22 - they say “free flowing oil” but errrm 🥴....propellant squeeze 🙇‍a94;️...or nitrogen uplift ? 😜


🙇‍a94;️ Schlumberger case study 📚

An operator in southeast Asia wanted to reverse declining production from an old field where production is currently driven by waterfloods and most of the wells have ESPs.

Water cut in the field is in the range of 85%–99%, and wells are constantly being worked over. Zones with high water cut are squeezed off while other zones are reperforated. Further, many of the thinly laminated sand layers have proved difficult to produce because of nearwellbore damage.

The operator invited Schlumberger to initiate a project to determine the best solution for increasing production.

👉🏻 Postperforating propellant pulse selected to fracture the near-wellbore area

The first step in the field trials was reperforating two wells with PowerJet Omega deep penetrating charges, resulting in productivity increases of 200% and 325%—from 150 bbl/d to 450 bbl/d in the first well and from 150 bbl/d to 640 bbl/d in the second well. Flow rates were stable throughout the first 30 days of production.

To further improve productivity, the operator decided to fracture the near-wellbore area with a postperforation propellent pulse. The propellent pulse system effectively treats intervals by combining a solid propellant with an ignition device that controls the burn radially inward.

Because the propellant burns very rapidly instead of detonating like an explosive, the generated pressure pulse is powerful enough to fracture the formation without damaging the casing or adjacent plugs or packers. This feature enables precise treatment of intervals that would not be reached by a standard hydraulic fracturing job, warranting consideration of the propellent pulse system for the desired near-wellbore treatments.

Based on well and formation parameters and the design of the propellent pulse toolstring, propellent pulse planner software was used to design a job that would produce a 2,500-psi pressure pulse to create near-wellbore fractures.

😉 Flow rates doubled in both test wells

Thirty days after they had been perforated with PowerJet Omega charges, the two test wells were killed and the completions were pulled. The postperforating propellent system was then run, and the pressure pulse was recorded by a fast gauge at the bottom of the string. Gauge data confirmed that the peak pressure was close to the planner software estimate of 2,500 psi.

Swab testing showed good improvement in productivity. When the wells were put back on production, the productivity index increased 3 times in the first well and 25 times in the second. Flow rates roughly doubled in both wells to 950 bbl/d and to 1,150 bbl/d, respectively.

The tests confirmed that the postperforation propellent system could be an effective nearwellbore stimulation tool, enabling skin to be bypassed and productivity to be improved in the field.

[atino] 01/3/2021 20:49

You should make an application to the Sectary of State requesting director disqualification...on the basis of ”intention to consolidate” shareholder funds !

🙇‍♂;️ The council application should be rejected just on that mere fact & recent corporate manoeuvres, highlighting low confidence in the company SP, as per consolidation RNS 🚩 (...let alone Bramhill “blighting” the area ! 🤦‍♂;️)

Any press coverage is good coverage (I guess! 😜)

[karina] 01/3/2021 20:39

To counter this perhaps ? https://drillordrop.com/2021/03/01/minister-asked-to-rule-on-environmental-study-for-oil-site-expansion/amp/?__twitter_impression=true

[currypasty] 01/3/2021 20:30

thanks maxwell

The profile is an estimated maximum-case scenario based on a high case of returning hydrocarbons of 20-25 HGVs over a 15–20 year period which is not expected to result in a significant effect.


25 tankers a day @220 barrels a tanker

[maxwell] 01/3/2021 20:23

WN traffic consideration for locals :-