Union Jack Share Chat (UJO)

adv11, what ?
What top man went out?
What you on about Of course we are recovering!!
We ain't stuck We went to be part of this.
Your talking of sell off coming again, that may well apply to jam tomorrow companies But we are Almost into production! We are becoming a different animal altogether.
We were exploration .
We hit oil on a gas play which is Blinking GREAT but it changed everything at WN which had to be paused .
We had a fund raising. (Worked out to be perfect in the end)
We are now very nearly production as well.
We have very exciting assets.
It's alright

I think most people on here have either forgotten, or chosen to forget that nine months ago today we were at 0.31p. Then the message went out.
Top man - OUT, deputies - OUT, lead ramping crew - OUT. Mugs who got befriended along the way - STUCK.
Quick change of screen names, new twitter accounts, move on and start over.
Nine month later, nothing but positive news for UJO, and we still haven't recovered. Probably never will, because the next sell off will have to be sooner and quicker.... and I'll still be here as will all other "investors".

Sting69 - What exactly is it you are saying

It wasnt a anticipation on the day they declared EWT
A lot of people knew to sell that morning
I'm saying nothing
It was obvious CO would fail and getting out before was critical
A few people on here knew to bail on results
I told one them I was going to and that person just said "intrestjng"

That person unusually was very quite on the morning of the rns for a n hour or so

I ll not get left high and dry next time by the pump and dump long time holders not

Gla

Your right Denzel. It's not all about West Newton.
My prediction only accounts for West Newton. All the other projects will add further value in their own right. You have to remember we were sitting at 0.36 before the plug was pulled last year on the EWT and this was pre Wressle planning permission. So I'm predicting 0.80 plus solely on the back of West Newton. That's 0.63 on West Newton alone.

Thanks Kadampa.

In my opinion I would expect in to take approx 6-8 weeks from start to Finnish. However this can vary greatly due to snags and delays. This is not the norm though due to covid-19,so much harder to predict. IMHO

How long does EWT take?

It’s not all about NEWTON:)

After the EWT this will hit 0.40 while anticipation grows in expectation of the results. If Ujo's and partner's estimate are confirmed it's likely to double. If it exceeds the estimate then... 1p plus.

25k is not punt money...looking positive. We nee some news of site progress, e.g. EWT at WN resuming. Shouldn't be too long now. Hope this decent rise continues because the company and long suffering shareholders deserve it to be far higher. GLA.

£25k buy at .17 just shown up.

Just a bit more patience needed ............ After .17 it should be a quick step up to .20 and close the gap from a few weeks ago.

Could be as big or bigger than Biscathorpe if you read through the accounts.

Sadly, just does not have the legs (despite all the great news and positive posts on this board) to move higher in a consistent fashion. Something is holding this back??

Is at about .17 so a close above that will be really significant.

No problem.

Just highlights that UJO is not a one trick pony. Has lots of avenues for income that could be coming to fruition over the next 12 month.

North Kelsey
PEDL241 – North Kelsey

Union Jack hold a 20% interest in PEDL241 containing the North Kelsey Prospect.

PEDL241 is located within the proven hydrocarbon fairway of the Humberside Platform.

This prospect is a well-defined tilted fault-block mapped from 3D seismic. Based on offset well data, potential exists for up to four separate oil bearing stacked conventional reservoir intervals in the Chatsworth, Beacon Hill, Ravensthorpe and Santon sandstones. The nearby Crosby Warren oil field and the Brigg oil discovery are productive from the Upper Carboniferous Namurian
aged reservoirs.

The gross mean combined Prospective Resources for these multiple objectives, as calculated by Egdon, are estimated to be 6.7 million barrels of oil.

The subsurface target location to evaluate the exploration of the North Kelsey Prospect has been defined and a surface drilling location has been identified from which a vertical well can be drilled.

In December 2014, the Planning and Regulation Committee of Lincolnshire County Council granted planning consent for the drilling and any subsequent testing of the North Kelsey-1 well.

The percentage interest holdings are currently as follows:

Holders

Holding (%)

Egdon Resources (Operator)
80.0

Union Jack Oil
20.0


100.0

Nice find Clive205. Thank you for the heads up.

This company has so much to offer on several fronts, cheap as chips at these prices, imo

Egdon have applied for an Environmental Permit for the North Kelsey licence.

https://www.gov.uk/government/publications/ln7-6hg-egdon-resources-uk-limited-environmental-permit-application-advertisement-eprhb3900xba001/ln7-6hg-egdon-resources-uk-limited-environmental-permit-application-advertisement-eprhb3900xba001

UJO have a 20% stake

http://unionjackoil.com/projects-2/north-kelsey/

RNS for ODX or NCYT ... up she goes.. slice and in to here.

SSsshhh !

Night.

1p will do for me Siliv.

Love you three brains.

Yes he did in an interview re West Newton. There's been the little matter of 3.3 billion shares issued since then though which would have some bearing on the proceedings!
Like I said IMO 1p should be achievable, maybe a little more given time.

I am aware DB has always been very careful when making forecasts but I do seem to recollect some time ago that he even mentioned the possibility of 3p or 4p!
There can be little doubt exciting times lie ahead for H2 2020 and 2021.
GLA.

.....and 3p plus is mine.

Look where we are on the map and what is to the right of us and all the gas fields and infrastructure.

If everything comes good, transformational for the company and all shareholders.

I have every confidence in the management and their partners.

https://twitter.com/Heid_oil/status/1197244218093248513?s=20