Union Jack Oil Share Discussion Threads

[kenwrong] 15/3/2021 09:25

Long detailed interview by Alan Green out this morning talking about Piper Royalty North Sea acquisition and West Newton, Wressle, Biscathorpe and Keddington

hxxps://youtu.be/G8P0eStvT9I

[kenwrong] 15/3/2021 09:24

Long detailed interview by Alan Green out this morning talking about Piper Royalty North Sea acquisition and West Newton, Wressle, Biscathorpe and Keddington

hxxps://youtu.be/G8P0eStvT9I

[ragnarr] 15/3/2021 09:23

This is interesting from the RNS.Represents the first such royalty investment in the Claymore and Piper Complex by Union Jack with further transactions planned for 2021 and where a second, material transaction is at an advanced stage

[lageraemia] 15/3/2021 09:21

Yeah Granny!

That was my assumption too. The POO going up, the delayed planning appeal coming good and UJO getting cashed up suddenly turned the lights on.

[grannyboy] 15/3/2021 09:19

As we are aware EDR was in dire straits last year, resulting in a couple of cancelled dates for starting drilling at Wressle.. So it looks like the EDR BOD didn't think they would be around long enough and not thought of any forward planning until they got their finances sorted out.

[bantam175] 15/3/2021 09:15

That's as may be, but we still don't know just how much oil is being generated. If any.

[lageraemia] 15/3/2021 09:12

"£97k ffs"

The income from which will cover a significant proportion of the running costs of the company.

Add on to that the current estimated flow rates of Wressle, the interest on the loan to EDR and and buttons from the other wells producing, then we're sitting here at break even (or there or there abouts) already.....with no debt. How many AIM oil companies can say that?

[currypasty] 15/3/2021 09:11

Wressle was unlikely to produce 500 bopd without proppant squeeze. The application is in, and the last time I checked with the OGA it was still 'pending'. Its a pity the operator EDR did not apply much earlier, but without any comment from them, we have no idea why. Proppant squeeze is a small operation by comparison, and could be done very quickly when we have the go ahead. IMHO, you will then see 500 bopd, perhaps even choked back to comply with planning rules.

[bantam175] 15/3/2021 09:04

Get the impression it's just a bit of BS to get the attention away from Wressle NOT producing 500 bopd as promised.

Give us a true flow rns Bramall and keep the cash for drilling costs not silly mickymouse investments.

£97k ffs.

[lageraemia] 15/3/2021 09:02

In the future, this stake might have a capital value significantly greater than it was bought for.......could be sold to raise back capital instead of a placing.

[currypasty] 15/3/2021 08:59

some larger buys going through

[lageraemia] 15/3/2021 08:58

I suspect its a scale thing. Too big for an individual, but too small for the big dealers.

Also lots of institutional money needs to go through 'ethics' and green screening now.

[sm22] 15/3/2021 08:57

https://www.californiajoe.co.uk/roll-up-roll-up-5-notes-for-a-quid

[likeawalrus] 15/3/2021 08:50

bantam, I'm wondering that too, the RNS gives the impression it's a rock solid 16.5% investment return, why not 8% or 10% ? most private investors would bite your hand off for a 10 year, rock solid 5% income let alone 16.5%, what's the catch? surely there's some considerable risk attached for the seller to offer such a good price?

[maxwell] 15/3/2021 08:48

Catch up today with Cal Joe :-

[markfrankie] 15/3/2021 08:43

Problem is; just how big is west Newton?
Could also go further west than 1st drill,
=Nice problem

[bantam175] 15/3/2021 08:38

If it's a great investment why did CPRL want to sell it?

[markfrankie] 15/3/2021 08:37

David would be good at the board game'monopoly'
Also probably chess,
But not at poker; he looks so happy with a nice hand :-)

[guesswhosback2] 15/3/2021 08:27

Great investment and more to come

[markfrankie] 15/3/2021 08:17

Thanks bionicdog
David looks very pleased with himself. everything about to kick off i hope

[bionicdog] 15/3/2021 08:15

You either pay or change one of the Ts to a capital to get round it.

[croasdalelfc] 15/3/2021 08:14

Variable - depends on oil price but they got it cheap - watch video

[markfrankie] 15/3/2021 08:13

How do you get the link to go blue? Clickable

[markfrankie] 15/3/2021 08:08

hxxps://twitter.com/AndrewScottTV/status/1371366517086941184?s=20

[sm22] 15/3/2021 08:08

https://www.proactiveinvestors.co.uk/companies/news/943796/union-jack-oil-acquires-north-sea-royalty-with--superior-investment-returns--943796.html