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Im sure those that bought in a week a so ago at near on 30 are down too !
Spot on Chat!
A little bit misleading.
Does N Ireland actually have any onshore oil wells producing crude oil, and when was the last welldrilled.
There has been no active licences since 2020 in
N Ireland.
Uggy 100 - Good to see your honesty - 30% Down - A reminder to some that UJO has not always smelt of roses!
TAC - good to see you back - hope to see the odd encouraging post.
CHAT
Selling oil and gas in Oklahoma very soon. More revenue to complement the cash cow that is Wressle. Use all that cash to keep drilling more wells in the US. The UK is becoming impossible to develop and move forward.
This is from the poster who hopes the 'dividend paid this year is minimal'
An the poster that believes the Pennystones will be drilled this year ?!
I guess you dont mind the share price at 23p for decades whilst we just keep funding drills ?
Union Jack keeping the images from the Andrews1 well coming. It may not mean much to some but for me it gives a little clarity on progress. Whilst not all will agree with me, I do believe if this well was believed to be anything BUT commercial., there would be a lot less chatter by the company on X.
Patience required as they go through the testing phase, timescales are rarely met in this industry but seeing the pictures confirms operational progress for me.
David expressed confidence in West Newton action this year.
Every morning I look for the Reabold RNS for funding....time is getting tight for a drill this year if Stephen an Sachin do not secure the funding soon.
It does feel like a lot of gas being back to 23p again
Yes, but will we ever get to 50p an hold it there or will it take decades ?
Lucky Union Jack are already producing and hold enough licences to last decades isn't it Mrswamp! Phew š
Just carry on picking up your benefit cheque swamp you tool.
Great move by NI hope we follow suit. Which we will š
All onshore oil AND gas exploration and production licences.. So pleased David took the decision to enter the US before everyone else follows suit. We are ahead of the game big style š Ruth Hayhurst must he in here element right now with so many negative articles to write
Sure, I was commenting on shorting. I still see huge rise ahead, when rises grow shorters can't keep up without great cost, they exit.
These market distortions are illegal in some jurisdictions. Hey?
Yes, there are and no doubt some are playing a game, but I think confidence is returning in the management and the future here and more pople will start buying and holding. Need to break 30p I think, that would be the level the main profit takers will sell. Then a new era begins maybe?
CT5, I never suspected the Treasury shares, but there are millions of others out there.
Heid, maybe JOkin could give a better reply than mine, I thought they were preparing ground for Heyco, maybe not now.
As to the crazy low price, some of us have benefited from the fluctuations: if you have not, that was your decision.
There's been little mention of the gas too. The Andrews well was going to be sending gas to the grid so more revenues from that to factor in. Looking forward to lots of updates over the coming weeks.
You hope to get a minimal dividend ?!
Are you stupid or something.
I want a decent one that is not an insult...aka the last one being 0.30p
Why should we not have a decent one when all the mates an the board get paid hundreds of thousands.
Do you suffer from Stockholm Syndrome or something.
I want two solid dividends with Biscathorpe never happening an in the funding pot.
The US drills are cheap. Wressle David can claim back tax on. Pennystones wont be drilled until 2025/26
Are you some kind of a charity case for UJO or something CT ?
So we had a few leaks I would say from an employee at a brokers.
How do we not know that the same broker's employee knows how to play the shorts here ?
That is one of my theories...I have two more.
CT5, I don't believe anyone, I just hope my investment gives me a return. Currently down 30% !
Yeah how ?
From what I understand from that response Joking4u, the treasury shares are locked in. Full stop. They cannot and have not been used, loaned out etc. Good to know that x
Are the 6m certificated ? there is no doubt those and very many more were matched with sells. i wonder who sold 6m and significantly more then. im convinced at least 10m have been dumped matching buys up to .. letās say new year. how?
Dean (and anyone else who may have the same question)
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We would like to make it quite clear that;
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a) The Treasury Shares are held in Union Jack`s designated account at Computershare and the only access to those shares are by the Company themselves - we would not under any circumstances loan these shares to any individual or entity.
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b) Ā The Treasury Shares are held as an asset and have a value in excess of Ā£1.5 million on our Balance Sheet.
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c) Ā Treasury Shares, due to the fact that they are not in circulation increase the earnings per share and are not entitled to voting rights or any dividends.
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We hope this helps.