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UJO Union Jack Oil Plc

18.00
0.75 (4.35%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Union Jack Oil Plc LSE:UJO London Ordinary Share GB00BLH1S316 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.75 4.35% 18.00 251,264 15:16:05
Bid Price Offer Price High Price Low Price Open Price
17.50 18.50 18.00 17.25 17.25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 5.07M 859k 0.0081 22.22 18.38M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:22:09 O 10,000 18.299 GBX

Union Jack Oil (UJO) Latest News

Union Jack Oil (UJO) Discussions and Chat

Union Jack Oil Forums and Chat

Date Time Title Posts
26/7/202415:31Moderated Union Jack Oil Thread23,328
19/7/202414:39Union Jack Oil - Can David Bramhill do it again?10,609
06/2/202307:22UNION JACK OIL7
11/11/202215:59UJO sycophantic thread32
07/11/202207:30Financial Fox. All eyes on UJO. The small-cap oil stock sets to wow investors.20

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Union Jack Oil (UJO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:22:1118.3010,0001,829.90O
2024-07-26 15:18:3918.3050.91O
2024-07-26 15:15:1518.307012.81O
2024-07-26 14:24:0417.7461.06O
2024-07-26 14:18:1618.301,177215.38O

Union Jack Oil (UJO) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Union Jack Oil Daily Update
Union Jack Oil Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker UJO. The last closing price for Union Jack Oil was 17.25p.
Union Jack Oil currently has 106,565,896 shares in issue. The market capitalisation of Union Jack Oil is £19,181,861.
Union Jack Oil has a price to earnings ratio (PE ratio) of 22.22.
This morning UJO shares opened at 17.25p
Posted at 22/7/2024 07:32 by currypasty
Union Jack Oil plc
@UnionJackOilplc
#ujo $UJO #ujogf #OTCQB
Great to see all the activity at the Andrews site in Oklahoma, USA. Thanks to Miles Newman of Reach Oil & Gas for the brief commentary and the update on progress with the gas pipeline. Union Jack hold a 45% interest in both the Andrews 1-17 and 2-17 wells. An exciting time for the company and its shareholders 💪
Posted at 10/7/2024 14:23 by likeawalrus
if Andrews-1 does 100bpd followed by 100bpd at A-2, that's 90bpd to UJO plus gas monetisation. That will go a long way towards offsetting the fall in production at Wressle. Plus of course we have the Royalties which could contribute significantly. Could we see the share price double in the next year or so?
Posted at 28/6/2024 09:20 by currypasty
@UnionJackOilplc
#ujo $ujo

A significant number of major shareholders attended this year's Annual General Meeting as all questions presented were answered by the board. Positivity for the future of Union Jack's investment into the USA and decisions made to date were met with a resounding round of applause as the meeting concluded and the company looks forward to updating shareholders on progress as operations continue both in the UK and the US.
Posted at 27/6/2024 07:39 by maxwell
Per AGM today just moving share price to agree UK price so no confusion I believe?…?
Posted at 19/6/2024 10:23 by maxwell
To have a good AGM and a good share price tick-up it needs to be low prior hence just settling down ready!! Good time to buy for a short term profit in theory maybe!! Looking at previous years……………. But then it needs funds to carry out ie: should have sold when 27p to replace now.
Posted at 11/6/2024 13:33 by greypanther2
Leaving aside all the chat on the LSE board about pump sizes etc. at the Andrews well site, I reckon today’s RNS about the Rogers enhanced oil recovery scheme is very good news. UJO's estimated acquisition cost is very low, at $1.88 per barrel for a 45% share of 124,000 gross barrels. This calculation is based on our net 55,800 barrels for $105,000. What price should we expect for Oklahoma oil? The normal price is at about a $1 discount to West Texas Intermediate, which is $77.75 / barrel today. So we could be getting just over $76 at today’s prices. I’d be willing to bet that the US tax rate will turn out to be much less than the UK’s extortionate energy profits levy. So, all in all, it’s a pretty good deal if the recovery rate is as predicted. Turning to the section of the RNS about Andrews 1-17, if a stable production rate hasn’t been established yet for operational reasons, I’d expect (once the electricity supply and upgraded pump jack have been installed) at least 150 bopd. I think this because up to 100 bopd has been tested with less than optimal facilities. There could therefore be about 68 bopd net for us from the Andrews 1-17 well, and I expect more to come from the anticipated 2-17 well. The 46 API oil should command a decent price too.
Posted at 22/5/2024 19:28 by atino
I haven’t exactly listened to Tom podcast as not member…but here’s a positive post…(for £800k! 🙄🤦‍♂️)

(Quote) Union Jack Outshines the Competition May 22, 2024 UJOUKUS Uncategorized

Union Jack Oil, contrary to the beliefs of just a small number of people who have nothing better to do than post negative, misleading and in many cases inaccurate and ill-formed comments on the bulletin boards, is in every way going to outweigh its AIM listed peer companies in the onshore UK sector.

The past few years have not been easy for this little oiler, what with planning refusals, appeals and challenges to positive outcomes. One could reasonably assume that the future of small oilers who are not producing is written on the wall. Even those like Union Jack who are lucky enough to have a strong revenue stream from Wressle have had their legs cut from beneath them with the energy profits levy and the potential removal of right’s to further licence approvals.

However, unlike their peer companies, Union Jack has chosen to utilise their substantial cash reserves to enter the United States, drill their first well, which is already generating commercial rates, whilst also investing in a substantial Mineral Royalties package that is also providing the company with additional revenue streams.

It is not difficult for anyone with an understanding of this industry that what the management are aiming for here is to sustain a strong income stream whilst building a new asset portfolio in a country that shows favour and understands the need for home produced fossil fuels.

With considerably lower taxes, the value of a barrel of oil in the USA is far greater than the UK and the costs to drill the wells required to make a success of this venture far, far less than the millions required over here.

People ask why no institutional investors are showing any interest in Union Jack? Would you gamble your clients money on any UK oiler when it is common knowledge that even when they get permission to drill, that doesn’t mean they get permission to produce. Even if they do, that permission is immediately challenged by activists. Years and years of appeals and objections with no guarantee of success!

This management has made an excellent decision moving their operations outside of this backward looking country whilst they have the cash to do so. They are not sitting around waiting and hoping for the rights to drill or the rights to produce. They are aggressively targeting a drilling and production program with their joint venture partners Reach Oil and Gas. The first well was planned, drilled and put into production within just a few months. A second well is already in the planning phase.

There have been questions asked over why the company has not yet released the Andrews-1-17 flow rates and accusations they are as low as 20 bopd. When one looks at the fact they have stated quite clearly they are testing, cleaning up and in the process of installing permanent production facilities to optimise flow rates, the various ‘accusations’ are as ludicrous as the people who make them.

The site facilities we are seeing installed via the images on X are not indicative of a small amount of oil. The average rates of nearby wells are in the 150 barrels per day range. Why would this be any different, why would management declare a ‘major success’?

Union Jack is going to do extremely well in 2024 and beyond. This will be down to a shrewd, experienced management who are doing what needs to be done and I support their decisions 100% .

Whilst the share price remains far below expectations, I fully expect a re-rate this year to the 50p+ levels and this is in line with many analyst estimates.

hxxps://ujoukus.com/union-jack-outshines-the-competition/
Posted at 14/5/2024 11:33 by maxwell
Only 0.25pence (1%) hence in 2024 not 23 accounts so maybe another at year end?? Which is only a similar amount up/down share price so very marginal but at least able to say a dividend paid.Personally it would rather the share price climb steadily back to par””

Just had blurb through e-mail that Divi is final for 2023 hence can be given 6 months later & still count so ignore above - sorry if misled
Posted at 20/4/2024 08:36 by markfrankie
Just my thoughts; When heyco were taking over egdon at a price some thought a steal and ujo also at a low sp, ujo's sbb's helped the share price and prevented a cheeky offer from heyco, I don't mind having those shares in treasury as a (keep your powder dry) back up, if at some point an insti wants in it'll go straight in to the coffers
Posted at 17/4/2024 07:50 by ashkv
Brent: $89.50
UJO Share Price: 22.50p
SP Compared to 52W High of 33.1p on 21 June 23: -32.02%
SP Compared to 52W Low of 14p on 28 Mar 24: 37.78%
Total Voting Rights: ( ) 106,565,896
Market Cap GBP: £23,977,327
GBPUSD: 1.25
Market Cap USD: $29,971,658
Total (GBP) Net Cash + Inv + Rec (12 Jan 24):[Sub USA Inv - 28 Mar 24) £9,450,000
Total (USD) Net Cash + Inv + Rec: $11,812,500
Enterprise Value (EV) (USD): $18,159,158
UJO Wressle Q1 24 Production (40% of 530 boe/d): 212
EV/BARREL-USD : $85,656
Union Jack Oil share price data is direct from the London Stock Exchange

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