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And of course he wants more Royalties, despite being told no last time he tried…he also said this today:
“During the period the Company has been in direct discussions with Repsol Sinopac and the other royalty holders with a view to advancing the potential acquisition of further royalty interests and accelerating the payment of the amounts already generated.”
So: is it we’ve got enough time to hand back capital or is it buy more assets and royalties…??
TAC said “The bit where DB confirmed they had enough good assets to concentrate on with the cash and no intention in buying into anything new?“
OR the bit in the RNS under strategy where he wrote this
“..the Company's management expects to continue to use its expertise and cash resources to acquire further licence interests in the UK over areas where there is a short lead time between the acquisition of the interest and either exploration drilling or initial production from any oil or gas fields that may be discovered.”
Consistency not their strong suit is it…
Did you not listen to the Proactive interview Roy? The bit where DB confirmed they had enough good assets to concentrate on with the cash and no intention in buying into anything new?
Everything seems to be going to plan, apart from the sp, I genuinely don’t understand it, especially with the poo…
13 people think differently Roy, sorry. I post positively on my investment with views I believe are reasonable, that is not ramping. You prefer to spend your time dribbling on about Heid non stop and being generally negative, which begs the question why do you post here? You aren't doing anyone any favours constantly bemoaning positive posters,
TAC, you're right, but is bei g so irrepressibly gung-ho required? We already have Heid. If people snooze, & lose, OK they've snoz, and lost. We're alright Jack.
I don't think it is wise to compare a company like UKOG with one that has a cluster of potentially super assets, $1,000,000 a month coming in and is debt free and profitable. UKOG have never been anywhere near any of these!
hope on management opinions - like UKOG and other investments I have had where management have said all the right things but action has been all wrong. I can recall that Heidi was a strong ramper on UK0G . I have learnt to consider more realistic views than the ever hopeful viewpoint.
Yet, Mirasol, yet! Are you the wife of an activist?
"West Newton: Biggest gas discovery in 50+ years"
Pity it doesn't flow
There are few AIM Oilers sitting in such a pretty position as Union Jack Oil (& gas)
Two of their main assets offer a lot of speculative excitement value, namely West Newton and Biscathorpe. Both are potentially substantial recovery plays and they are considered by the JV to be achievable. Now a few on here try to suggest they will never happen, But the management of both think different and in all honesty, I would rather place my hope of success on their opinions than the likes of some of the folks on here.
These assets are to be envied-
Biscathorpe: Largest un-appraised onshore hydrocarbon discovery in the UK
West Newton: Biggest gas discovery in 50+ years
Wressle: Now second only in production to Wytch Farm.
There's a fantastic future waiting here and sooner or later the share price will reflect this.
The annual report did not really say much more than was already known, but in fairness. It was last year and the report for 2022 will show exactly how well the company has moved forward.
David's interview again, may not have told a lot, but you couldn't help notice how confident in the future of Union Jack he was and with £7,500,000 in the bank and another $1,000,000 coming in probably next week, why shouldn't he be?
Fully funded for all operational costs for the next year, cash rich, profitable and a few easy routes to increase revenues further.
Gas at Wressle will add a further sizeable cash input into the bank and then there is the *****tone Flags and Keddington.
At long last, this company is investable, it will get the attention of an institutional investor or two and I do see this reaching a pound by year end, subject to a few operational movements coming to fruition.
Meanwhile, I think bit by bit the SP will start to move Northwards from her on in, interest will increase I feel.