Register
Login:
Share:
Email Facebook Twitter


Exclusive: Hayden Locke, CEO Emmerson plc, a low cost high margin potash investment
Richard Slape, Oil consultant - Avoiding Losers and Picking Winners, his personal strategy


Union Jack Share Chat (UJO)



Share Price: 0.095Bid: 0.085Ask: 0.105Change: 0.005 (+5.56%)Riser - Union Jack
Spread: 0.02Spread as %: 23.53%Open: 0.09High: 0.00Low: 0.00Yesterday’s Close: 0.09


Share Discussion for Union Jack


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

luckyman2
Posts: 6,563
Opinion:No Opinion
Price:0.09
RE: Rig contract signed
Today 07:59
And i thought we only had a 60% cos.

· Gross Contingent Resource of 189Bcf (31.5Mboe) assigned to the West Newton A-1 gas discovery

· Gas appraisal target with a 72% chance of success and gross NPV (10) of $247M*

· Additional upside from the testing of the reef flank Cadeby formation oil prospect, with gross Prospective Resource of 79.1Mboe

· Cadeby oil exploration target which has a 24% chance of success and gross NPV (10) of $850m*

· Planning permission for the appraisal well is in place and the target is drill ready
 
luckyman2
Posts: 6,563
Opinion:No Opinion
Price:0.09
Reabold RNS
Today 07:11
25 March 2019

Reabold Resources Plc

("Reabold" or "the Company")

Rig Contract Signed for West Newton Well

Reabold is pleased to announce that Rathlin Energy (UK) Limited ("Rathlin"), operator of the PEDL 183 license onshore UK, has signed a rig contract for the drilling of the West Newton appraisal well, expected to spud in April 2019. Reabold has a 37 per cent. equity interest in Rathlin, which has a 67 per cent. interest in PEDL 183 and the West Newton project.

Project Highlights:

· Well spud expected in April 2019, designed to test two high-impact targets

· Gross Contingent Resource of 189Bcf (31.5Mboe) assigned to the West Newton A-1 gas discovery

· Gas appraisal target with a 72% chance of success and gross NPV (10) of $247M*

· Additional upside from the testing of the reef flank Cadeby formation oil prospect, with gross Prospective Resource of 79.1Mboe

· Cadeby oil exploration target which has a 24% chance of success and gross NPV (10) of $850m*

· Planning permission for the appraisal well is in place and the target is drill ready

· Management estimates supported by a 2017 CPR

The appraisal well at West Newton will have two objectives. The first objective is to appraise the Kirkham Abbey Formation gas discovery which has a 72 per cent. chance of success and an NPV of $185m*. The second objective of the well is to test a deeper Cadeby Formation reef flank oil prospect, considered by Rathlin to have an NPV of $850m and a 24 per cent. chance of success*.

In line with Reabold's investment strategy, West Newton, in a success case, offers a fast pathway to monetisation through its proximity to existing gas pipelines and infrastructure.

*Connaught Oil & Gas Limited management estimate. Connaught has a 35 per cent. interest in Rathlin and is operator.

In 2017, Deloitte LLP prepared a CPR for Connaught Oil & Gas Limited incorporating both the data from the West Newton discovery well and subsequently acquired 3D seismic data over the field. The Deloitte CPR assigns Contingent Resource to the Kirkham Abbey gas formation and is the source of management volumetric assessments.

Sachin Oza, Co-CEO of Reabold, commented:

"Reabold is delighted that the appraisal drilling of West Newton has progressed so quickly since we made our investment to fund the well. Both the scale and location of the resource in East Yorkshire make it a highly strategic asset. We look forward to the drilling and testing of this well in the coming weeks."
share_talk
Posts: 5,434
Opinion:No Opinion
Price:0.09
Weekly Stock Market News
Sun 20:42
micksnags1
Posts: 5,482
Premium Chat Member
Opinion:No Opinion
Price:0.09
ujo
Sun 15:37
one of the few shares that hasn`t dropped below fundraising price from memory
Gwynwin
Posts: 698
Opinion:Hold
Price:0.09
Rathlin
Sun 14:58
Hopefully this week coming news on when the drill will start and news on the start of appeals on Wressle starting or when it will be held and where
Maybe interesting other wise end of April give time to get as much as possible if you got the monies.
share_talk
Posts: 5,434
Opinion:No Opinion
Price:0.09
Weekly Oil & Gas Highlights
Sun 13:09
luckyman2
Posts: 6,563
Opinion:No Opinion
Price:0.09
RE: All Quiet
Sun 13:02
All quiet at West Newton today
Should see some action this week with the arrival of some trucks.
luckyman2
Posts: 6,563
Opinion:No Opinion
Price:0.09
All Quiet
Sun 12:04
At West Brentwood today.
Should see some action this week with the arrival of some trucks.
scoredagainsteps
Posts: 2,823
Opinion:No Opinion
Price:0.09
RE: Re eviction
Fri 18:23
No they are following the knackers they dont get fined
gkb47
Posts: 1,659
Opinion:Strong Buy
Price:0.09
RE: Re eviction
Fri 18:20
So these wasters expect the council to clear their mess up? They should be hit with fines for littering! Bet most of them don't pay any council tax either.
Mickvick
Posts: 93
Opinion:No Opinion
Price:0.09
Re eviction
Fri 17:45
There is a video on twitter from one the tree huggers filming all the rubbish left by the swampies and blaming the council for not clearing it. There's even a caravan sxxt pot.
scoredagainsteps
Posts: 2,823
Opinion:No Opinion
Price:0.09
RE: Eviction
Fri 17:13
You there heid chucking them out always knew you was tasty
luckyman2
Posts: 6,563
Opinion:No Opinion
Price:0.09
RE: Eviction
Fri 12:49
Rig could arrive under the cover of darkness
Sunday morning sounds good to me
Heid
Posts: 7,266
Opinion:No Opinion
Price:0.09
RE: Eviction
Fri 10:51
following on twitter...interesting.
THS123
Posts: 295
Opinion:No Opinion
Price:0.09
Protesters
Fri 10:34
Yeah steam roll the fks.
new2trade
Posts: 440
Opinion:Strong Buy
Price:0.09
Time to buy....
Fri 09:32
Protesters will be moved today , that only means rig will be today or tomorrow guaranteed as they will only come back , so maybe later today? Once removed. Take advantage of the great low price , and enjoy the ride.
SneakySimon
Posts: 182
Opinion:No Opinion
Price:0.09
Eviction
Fri 09:24
Eviction in progress at West newton - lots of Police.
luckyman2
Posts: 6,563
Opinion:No Opinion
Price:0.09
RE: Good Read
Fri 07:55
Union Jack Placing.

A few surprised faces today as Union Jack Oil announce a placing to raise £1.75 million, through the issue of a total of 2,333,333,334 New Ordinary Shares at an issue price of 0.075 pence per share.

Whilst this may feel like a bit of a kick in the teeth for long term holders, who were enjoying a share price double that less than a month ago, the reason for this fund raise is far more positive than most.

AIM is a platform for raising cash and in the most, exploited by a large majority of companies who either are hoping for a good result, paying for a bad result or simply keeping the wages paid with absolutely no intention of doing anything but.

In fairness to Dave Bramhill, I do think this is a man who DOES intend taking Union Jack Oil onto a rosy future and todays news is another step in the right direction to ensuring this.

The usual reaction to placing news is despondency. It allows the day traders to exploit the news through social media platforms in an effort to encourage selling, thus dragging the SP down faster and lower, allowing a good entry point for a quick profit. People also fail to read the RNS;'s fully and digest the reason for the raise.

It is worth noting that UJO are raising cash to progress Union Jack's wider activities 'following the drilling' of the West Newton-2 conventional appraisal well and ?not ?to support the present operations. West Newton, the high chance of success game changer for UJO is fully funded and only weeks away from drill commencement. Just read below the potential for the company and note the wording I have highlighted.

· West Newton assigned Best Estimate Contingent Resources of 189 Bcf of gas equivalent or 31.5 million barrels of oil equivalent (gross) in a Competent Persons Report

· Compelling immediate and future economic value from a development of the gas discovery alone: the Operator's NPV10% for the gas discovery alone is US$247 million and generates a 52.5% ROR

· Considerable upside potential from the lower Cadeby Reef oil exploration target underlying the gas reservoir that will also be drilled with Best Estimate Prospective Resources of 79.1 million boe (gross)

· Further significant upside potential from other numerous prospects and leads on the licence

· The discovery also benefits from proximity to existing gas pipelines and infrastructure

· A successful appraisal well at West Newton-2 is expected to deliver a major onshore gas development

If you haven't read the full RNS thoroughly, then please do. https://investegate.co.uk/union-jack-oil-plc--ujo-/rns/fundraising--circular---notice-of-general-mee...
IAmNotSpartacus
Posts: 450
Premium Chat Member
Opinion:No Opinion
Price:0.09
RE: Good Read
Thu 19:27
4th time lucky, luckyman
luckyman2
Posts: 6,563
Opinion:No Opinion
Price:0.09
RE: Good Read
Thu 18:33
california followed by joe
luckyman2
Posts: 6,563
Opinion:No Opinion
Price:0.09
RE: Good Read
Thu 18:32
**************
luckyman2
Posts: 6,563
Opinion:No Opinion
Price:0.09
RE: Good Read
Thu 18:32
type in http:/*************
luckyman2
Posts: 6,563
Opinion:No Opinion
Price:0.0875
Good Read
Thu 17:14
THS123
Posts: 295
Opinion:No Opinion
Price:0.0875
Fairway
Thu 17:13
Lets just see how things go over the next couple of months.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk









Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.