Union Jack Oil Share Discussion Threads

[currypasty] 20/5/2021 15:38

from twitter

[bionicdog] 20/5/2021 15:09

He probably started most of them.

[currypasty] 20/5/2021 15:07

Mr Daniel Levi (Sinner)
@BrokermanDaniel
·
54m
Gut feeling. Do not sell your #RBD #UJO shares. Hold them. Next week or so is the money shot! #WestNewton

Lot of whispers starting to 'circulate'....

[bionicdog] 20/5/2021 14:39

They can wangle it whichever way they want from February.

[currypasty] 20/5/2021 14:37

Its still technically on test, once PS done it will be on test then.. could be spun out months before classified as standard production.. There are probably guidelines for this on Oil and Gas Authority website.

2 MM's on bid, another blue one after that last buy, wouldn't take much buying now to get a wiggle on..imho

[likeawalrus] 20/5/2021 14:04

sorry bionic, I didnt know this had been discussed, you say it's an average, over what time period? from first commercial oil perhaps or from 1st Feb?

[grannyboy] 20/5/2021 12:46

In that video(8948),from about 6mins Stephen states "EWT just getting underway right now".. the video was published on 16th April, that's over a month ago.. and that's why you cannot rely on the timeframes put out by those two!

[grannyboy] 20/5/2021 10:48

Maxwell(8948), didn't see that link you put up here, I just saw it on lse and lifted it, just put it up on RBD thread.

[bionicdog] 20/5/2021 09:06

It is an average , we've done all this before.

[likeawalrus] 20/5/2021 09:03

I vaguely remember reading that Wressle is restricted to 2 tankers per day which may be the source of the 500bpd, unfortunately I havent found the article. I guess if they needed some down time for maintenance they could continue sending tankers until the storage tanks are empty.

[maxwell] 20/5/2021 08:59

RBD Directors talking in April (first 8mins good) :-

[currypasty] 20/5/2021 08:55

I would have thought an average.. if they go over, it can be officially stored in tanks now they have permission, then on a maintenance day empty them.. Surely the cap was to keep the number of tankers to an agreed number..

Another thought, the 500bopd is production, not testing. Who is to decide when testing is over and normal production begins. Its possible they are allowed to produce as much as will safely flow in testing.. How else would they know the full characteristics of the well.

Perhaps based on the testing after proppant squeeze, an application can be put in to increase the number of daily tankers, basically the average bopd.. or think about a pipeline?

It would make sense that while testing things are more flexible.. after all it seems we have not paid the fees yet on 'production'

[guesswhosback2] 20/5/2021 08:46

Good question like a walrus. Anyone care to answer?

[likeawalrus] 20/5/2021 08:44

I assume the council restriction is a maximum of 500bpd and not an average? if it were an average, wressle could play catch up for the last 4 months of approx. 80-100bpd

[grannyboy] 19/5/2021 21:56

It's a shame the council is only allowing 500bopd, sounds like it could do plenty more!

[currypasty] 19/5/2021 21:24

share talk news..




"#Wressle Development Update PEDL180 & PEDL182 #EOG CEO Simon Oddie: The performance of the well is above what we expected (EWT) Increased production rates/pressure #UJO #EDR We are now heading towards full production"

[markfrankie] 19/5/2021 19:33

Collin bicknell
Are you a Berkshire boy?

Ps i agree

[maxwell] 19/5/2021 15:30

Simon Oddie discussing Wressle :-

[colinbicknell] 19/5/2021 11:06

CURRYPASTY18 May '21 - 10:19 - 8929 of 8939

I personally think we need PR to a wider audience.
-------------------------------------------------------------------------------------

Don't you think that the biggest oil find in the UK in the last 40-50 years isn't going to get PR and air time ? It'll be all over the national news

West Newton is already massive & Angels flash note yesterday said they wouldnt be surprised to see a material uplift in the new CPR

So from huge, itll have a material uplift & be reported everywhere. Wider audience = tick

As for the share price, once CPR proves whats there, forget last 2 years share price summer peaks, were going beyond that

[maxwell] 19/5/2021 10:34

10:1 buying so far!!!! Will the momentum continue???

[grannyboy] 18/5/2021 15:53

Sarkcosy there isn't any day traders in here, not been any for a while because there hasn't been much news to trade on, and I'm not averse to trading a share, either selling or buying at least you can make some money.. Look at RBD, gone sideways for a year,and with dealing cost etc, no chance of making much money..

There are many who have been stuck in a share waiting for the potential to be achieved but making no money for years, so being a LTH, especially with AIM shares is not conducive to making money,.. It's best to have a basic pot of shares to hold and another pot to trade.

[currypasty] 18/5/2021 14:35

granny, the problem with RBD is they issue more confetti faster than it can be mopped up. This latest issue to corallian holders just before the EWT without any proper explanation to RBD holders is very poor, imo

[sarkcosy] 18/5/2021 14:19

Agree with Curry...this company seems infested with day traders but nothing illegal there however management need to make more effort to bring in institutions now as if the flows are good and WN lives up to expectation this will be a nice little pension fund type of stock just pumping cash. All credit to the directors as in the end they seem likely to have created something really worthwhile although at the beginning I had little faith that it would end well but delighted to be wrong. I have been happy to top up my position recently and will probably continue for now unless things go crazy.

[grannyboy] 18/5/2021 12:09

Having the investors/II's in RBD hasn't done much for their share price , diluted existing shareholders more like. So don't be hanging to much hope on that front CURRYPASTE!!

[p@] 18/5/2021 12:02

So the tanker traffic must have increased greatly lately?