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Yeah, the future remains bright at 22p whilst Bath HQ's rub their hands together as they move towards retirement.
Maybe we are all the idiots. LOL.
TAC
All I can see from your reply is excuses.
Oil price down
3 months no production
Exchange rate
Etc etc
“The future of @UnionJackOilplc remains bright.” Nothing we dont know already, #Wressle continues to deliver and with two wells to come and production and reserves rising the backbone of the company continues to flourish #UJO Robust Balance Sheet and continues to be debt-free. https://x.com/Share_Talk/status/1792824077960499303
UJO helped pay for my brand-new Discover Sport HSE ... No disrespect Heid but buying in at 23p, you should have jumped in a few weeks ago at c14p, now the wise site back, buy on any dips and watch the comedy script on here.. Good luck none believers
You two are becoming a tag team 😂. So silly Heid that someone who has just announced she is a shareholder again is doing her best to annihilate the sentiment here. 2023 was a profitable year for the company regardless of all the negativity towsrss the oil industry, 2024 is already looking exciting. But you two just keep on and on and on. Idiots x
Anomalies to consider
2022 oil prices lot higher than 2023 due to Ukraine.
2023 Wressle shut down for new pump installation incurring lost production.
2023 Oil levy
Going into the US is not a free carry, but don't let that get in the way of your agender
You both continue to be negative on these accounts without actually understanding why the numbers are as they are. 2023 was not 2022. In 2023, oil was not at $100 a barrel, Wressle was not producing a high volume of oil and was shut in for three months producing no revenue, the dollar - pound exchange was not as good. All in all it was yet again an exceptional year for the company. Heid, you state a salary increase? There is NO salary increase, you obviously cannot understand plain English. It was a one off payment to compensate members of the board for not being in receipt of a pension or any other benefits normally afforded by a company to its employees. It is stated quite precisely that salaries will revert to previous levels.
Pboo, you continue, as you have done for many years, to try and turn any news negative.
For all the anti-fossil fuel attacks on oil companies by this government, by activists who are appealing the successful planning applications, the energy profit levy and other restrictions placed on drilling and exploration, it is a considerable achievement for any company to show a profit for last year.
Union Jack remains one of the few to not only present its shareholders with an excellent annual report, it has paid dividends, it has reduced the shares in issue and it has expanded its operations into the USA where it is already generating revenue from their Mineral Royalty portfolio and a successfully drilled, producing well. Know any other Aim listed onshore UK oiler company achieved so much? No, I doubt you do.
How will they attract new investors with this kind of business accument ? Answer is they wont.
They sound to me like they are lining up their retirements an will sit back an say it was all a success.
Will it be ? Many have been sat here years !
Yesterday's accounts were quite something to digest an why David continues to throw money at Biscathorpe/North Kelsey an even Keddington is beyond me. The special award lump sums were a joke when I think the board have pocketed £500,000 over the last couple of years while long term holders have left an some stayed loyal with no rewards. Now we see that their salaries are sitting much higher with Craig's still to come. Our pot of dividend is nothing but a token gesture when some preach that every penny should be used for drilling.
He blogger states :
' I guess he has no real effect on the the future of this excellently run, debt free and profitable company.'
Firstly markets move on sentiment an clearly struggling to hold 25p is poor for shareholders who have beeb stuck here years.
Secondly, I strongly disagree that that Tom an his men do not have a real effect on Union Jack Oil when you do some research of who he is involved with an their capabilities to trade this. All imo.
CT5 says
Nice response to Tom on Paul's blog
You actual mean
The AIM Casino ( TAC) blog
TW is correct.
Gross profit of £3,298,844 (2022: £5,100,479)
Down
• Net profit of £859,089 (2022: £3,606,624)
Down
• Basic earnings per share 0.79 pence (2022: 3.20 pence)
Down
• Oil revenues £5,065,679 (2022: £8,507,050)
Down
Cash in bank
Down
Full year numbers from Union Jack with nothing we dont know already, Wressle continues to deliver and with two wells to come and production and reserves rising the backbone of the company continues to flourish.
The company has started a programme in the USA and its first well has already come in, more is planned and the company is planning to ‘materially increase’ its presence out there. If nothing else it proves that such an exploration move can prove mighty rewarding and UJO are succeeding ‘on both sides of the Atlantic’.
With cash being thrown off and the company being debt free it has just announced 0.25p per share in the way of a dividend and a great deal to come all across the portfolio in the next year or two. The shares are far too low and the longer they carry on like this the more attractive they become.
Nice response to Tom on Paul's blog https://ujoukus.com/tom-winnifriths-tripe/
That Tom is a nasty man by the sounds ofmthings x
Desperation Pboo? The leaky ship as you call it was from the brokers as everyone pretty much accepts. The company did not leak a placing. Crashing the share price was hardly going to help them or shareholders. Keep on though, you are as bad as Winnifrith.
He was not wrong about the UJO leaky ship.
Good morning Pboo, you are very wrong. Tom Winnifrith is rarely correct when it comes to Union Jack. Do you not recall he stated Union Jack was going to place and they instead announced substantial revenues from Wressle? He has called Union Jack wrong on most occasions in the past and he has done so again in his latest personal tirade against David Bramhill. He actually states in this podcast, 'Union Jack is generating no cash' . Perhaps you should listen to it before assuming . Winnifrith has a personal vendetta and uses any opportunity he can to slate a profitable, debt free company. You are making yourself look more foolish than ever.
'dire numbers and management blunderings at Union Jack Oil'
Behind a pay wall unfortunately.
Maybe the company has bought a chunk of BEARCAT OPERATIONS LIMITED 👀
Trying to find out useful comment and information. Like entering a childrens' playground
Over to the company representative ChristineTaylor
Not that she will say the market was NOT impressed hence the drop
Ok I am Irish but this RNS is taking the P it says about ending 2023 but the sums of monies is for 2022 In only guess that they are giving results for 2022 At year ending 2023.
Or they have made a big do do, where has the 9 to 10 million in the bank gone that is in pounds
Strange character that stalker . Does she remind you of anyone
CT5, well, think I do even if Heid lost it. We have a Tory government (A TORY GOVERNMENT) limiting home production versus imports, while Russia makes war and Middle East in crisis, as ever. We Must Be Mad, as one somewhat discredited politician once said.
Heid, you do understand that the oil sector changed quite dramatically post 2022 and these results are actually for 2023 don't you? I appreciate you know more than Graham Bull about geology and more about running an oil company than the present board of directors but you fail to recognise that there has been an Energy Profits Levy imposed on Union Jack, there have been planning issues and appeals against granted applications, accompanied by a little lethargy from operators, all of which have been out of the control of David and the team. What they have done is to circumnavigate the ridiculous restrictions and negativity here in the UK and refocused on the US, still managing to remain in profit and cover the cost of one well, purchase a substantial number of profitable mineral royalties and ensured other planned operational costs are covered. Regardless of less profit last year then the previous, the company is still very sound financially and doing a lot more to safeguard the future of the company than their peers. 2024 looks extremely promising regardless of the age of the board who would I am sure, trump any potential younger oil executives.