Union Jack Oil Share Discussion Threads

[bionicdog] 28/4/2021 12:17

The rise to $80 was delayed by two years , just like Wressle.

[grannyboy] 28/4/2021 12:13

That article is is from 2018, CP..

[currypasty] 28/4/2021 11:59

Goldman Sachs Still Says Brent Crude Oil Will Hit $80 By Year's End


edit wrong link, sorry, correct link below

[lazarus2010] 28/4/2021 10:00

Curry, why would they need such a big crane? Lifting the equipment off the delivery trucks, or maybe it got lost and is just turning around?

[karina] 28/4/2021 09:34

From the new website "A new Corporate Presentation for 2021 is currently under construction."

UJO do seem to be gearing up to attract institutional money

[currypasty] 28/4/2021 09:17

crane at Wressle this morning

[maxwell] 27/4/2021 16:32

2:1 volume buying even though MM’s managed to hold down......

[sm22] 27/4/2021 15:41

More Tea Vicar...

[currypasty] 27/4/2021 13:17

well done bionic for flagging it up... perhaps keep quiet if it was 10x too much ?

[bionicdog] 27/4/2021 13:06

I bet he sneakily changes it later on without acknowledging my input. Grrr!

[currypasty] 27/4/2021 13:02

Not so hot on the old maths. Oil is currently $66, so I wonder if he's got a decimal point wrong?

1000 bopd x 30 days x 16.5% x $66 = $327k a month, revenue, but of course doesn't account for costs


certainly not 30k

[bionicdog] 27/4/2021 12:20

Strange maths. $6 a barrel?

If this is the case, even at a mere 1000 bopd, this would provide the company with an additional 166 bopd. Approximately $30,000 monthly! Additionally, the whole project then becomes valued. Just how much is anyone's guess but it will be in the multi-millions! Will the partners take a cash offer? Will they bring a few more wells online to reap the financial rewards from production, also increasing the overall value whilst this is being done?

[maxwell] 27/4/2021 11:53

2:1 buying even though not high volume today. But MM’s doing there duty
& holding down🤔

[currypasty] 27/4/2021 11:46

he says..

"Wressle is free flowing oil, how much at present is an unknown but judging by the number of tankers entering and exiting the site, I am happy with my belief in 80-100 barrels of oil per day. This alone at today's oil prices relate to approximately $850,000 per annum in revenues to Union Jack. "

[currypasty] 27/4/2021 11:44

for those that follow joe

[bionicdog] 27/4/2021 07:27

I think our postman has been working from home.

[guesswhosback2] 27/4/2021 07:25

They are a public body so they will simply drag their feet without a care.until another public body reminds them of the tax they are not collecting on production.

Production in private companies has risen yet public companies cannot cope. I've stopped working in some areas and laid off staff because I cannot get answers from planners.

[currypasty] 27/4/2021 07:23

Indeed, and it seems 'working from home' never seems to get through the work load that good old fashioned turning up at the office used to do.

[bionicdog] 27/4/2021 07:21

Working from home?

[currypasty] 27/4/2021 07:18

Basically, still waiting on the Oil and Gas authority to sign off the proppant squeeze


It sounds to me like it will happen, I guess the OGA are rushed off their feet, with all the hydrocarbon activity onshore UK atm

[bionicdog] 27/4/2021 07:10

From EDR RNS.
The most significant event during the period was the completion of site and recompletion works and commencement of oil flows at Wressle. We continue to await consent to proceed with the proppant squeeze in order to bring production up to the expected level of 500 bopd which will have a meaningful impact on our production and cash flow.

[sm22] 27/4/2021 07:02

Union Jack Oil PLC Launch of New Corporate Website