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If people are obsessed with an income from dividend - buy a quarterly dividend payer, there are plenty out there - Shell, BP or ENOG for example. But don't bleat on about a penny share not paying out when share price growth is as important to many who have bought UJO.
If you know who's much quoted family have entrusted their money to her - then either they are also half-wits or need at least to recognise one.
Produce in the region of 150 bopd. There is no reason to suspect the Andrews1 well will be any different. They would hardly be in the planning phase of the second well had there been a ridiculously low flow rate. They cannot release flow rates when it is cleaning up, it could be way above what is coming out at this early stage. Some peopke posting on here are deliberately trying to damage sentiment on a 'major success', commercially producing well when there is nothing whatsoever to suggest production will be any different to any other well in the vicinity.
On trying to make everything this company achieves sound negative. Everyone expects Heid and Pboo to do their best to down everything. Everyone is never disappointed. π
Pboo. The estimated oil flow rates were 150 bopd based on other wells in the area. The well described as "major" success, it is on clean up, permanent production facilities are being installed, they are going to drill another well, why on earth, why would you even thing 20or 30 odd barrels could be the maximum they have achieved? Oh yes, of course, silly question π
Trust no one here. The traders are rife. They use me as a deflection an are in all the chat groups as your friends no doubt.
David needs to be very strategic to recover this share price even to hold the 30's
The market clearly did not trust this mornings RNS.
No great rise as expected by CT5 but the fact is, It's going down.
UJO / DB if they are going to put information out they need to be far more open about it. Major discovery has now gone to Commercial but with no figures. Looks like the market has decided Commercial is 20 to 30Bopd. That is a success but not what the market calls Major. DB needs to be more careful on the words he uses in the RNS'S and on his X account
Now they are the ones that are trashing the share an not me with my honest commentary.
There is someone who has reappeared that interests me an did in the past too . Take note !! π
Hardly surprising when all buys are immediately βsoldβ .. imho
Those who control it will buy them all back over a 3 day frenzy, like before, at the time of their choosing. but for now, the revenue, profits, and DIVIDENDS they can do nothing about.
Great news today, and correct i am still well down on my investment. Awaiting the day i can gloat as well.
CT5
UJO is not excelling, the share price is still well down from it's high and longterm investors are well down.
Andrews-1-17 news is good, but it would have been better if they were honest and stated the test flow rate. Saying it is commercial mean sweet FA.
Is it flowing at 20bopd 50bopd 100bopd and how much gas?????
You know full well Pboo I am referring to the fact the company has managed to stay on top of the sh*ite that is going on in the UK and ensuring it exists. When you look at UKOG and a few others, Union Jack is excelling πͺ
CT5 says
not allowing shareholders to lose their investments. π€£π€£π€£
CT5 if you are not aware, a large proportion of the long-term holders are still well down.
Would love to know how many of those trades are βsellsβ. about half + a few probably.
This year have all been positive, ALL good news and the fact that the SP has not risen on the back of them is not, in my opinion, a reflection on David and the team at Union Jack. People seem to miss the point that the UK oil sector is being hammered and for this company to continue to advance in these conditions is a testament to them. The energy profits levy has caused much bigger and better companies to withdraw from the UK, the constant attacks by activists, a lily livered government backing down to a minority, planning issues, delays, the concern that a Labour government will make matter even worse all lead to a massive lack of confidence in fossil fuels. The board of Union Jack should be commended for seeing the future and not allowing shareholders to lose their investments.
You have no concept of what the word honest means you troll.
On we March
I absolutely agree with you Christine .....'Over a dozen excellent RNSs this year already ' an still at 24p
8p below last year's AGM price.
Make sure you are strategic with that dividend award David as you have plenty of money to play with from the royalties an there will be NO Biscathorpe drill. Plus you have all that money you claim back in tax for Wressle.
If I was you David I would be announcing two decent dividends this year or you will make it difficult to attract new investment from the USA.
Lets see what traders make of the news today with no flow rates announced, just a profitable find.
Well done with today's RNS but to date it is you David that has done well an the board at Β£500,000 per year
Not trashing just very honest.
You can only trash good news for so long before you start looking a right fool. There are a few people heading faster than a bullet train to this destination. Over a dozen excellent RNSs this year already and with the event later this week to attract more US investors we could see shares becoming less available which means only one thing. πͺ
I know Pboo has agreed to publicly apologise to everyone when this hits 30p , I think you should do the same Heid, everyone needs to trust in David and the process. Oil flowing, dividend incoming πΊπΈ π°πΈ
AimDogs:
WRONG !
Well done those who held. Although no flowrates yet. Heid traded out and got it wrong again. The bitterness oozes from each of her posts. I would stick to bonds as you are utterly useless when it comes to trading. If yr family had shares which they obviously don't they would be spitting bullets at ur posting, trashing their investment.
Clueless π€‘.
Agreed
Somebody not quite as demented as Heid would have left this bb long ago.
Bitter and twisted, I mention no names but wow, trying to trash an announcement like this is laughable.
Bad day for π«π»π€‘π©
Well done those who held. Although no flowrates yet. Heid traded out and got it wrong again. The bitterness oozes from each of her posts. I would stick to bonds as you are utterly useless when it comes to trading. If yr family had shares which they obviously don't they would be spitting bullets at ur posting, trashing their investment.
Clueless π€‘.