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I agree with your analysis Christine. Whoever posts for UJO on X, would not come across so positively if all was not well.
As the PR wheels are turning in the US with Harbor and Sidoti, and the companies Union Jack have bought Mineral Royalties in, such as Hess, Chevron, Conoco to name but a few, the company is building a quality presence. Whilst nothing is guaranteed, I do believe the Andrews1 well is progressing towards commercial production status. The constant 'hints' of positivity on X, whilst giving little away, do suggest an air of confidence in the success of this well. If successful, I would expect another well to be drilled quite soon after, why not? Two wells producing even at the minimum expectation would give Union Jack almost 150 bopd which at $85 would return over $4,000,000 per year π². 3 wells almost $7,000,000 π²π²
Imagine trying to get two wells drilled in 6 months in the UK, then the 75% EPL after two years of planning applications and objections. Great move David taking us into the United Statesπͺ
The tankers of waste water that he was pretending was oil to manipulate the share price for personal gain π€£ then did a 500 miles round trip to Hull and when called out on it said he was there for a funeral.
CT5
You should not listen to the idiots that post on here.
I have never camped outside Horsehill.
When in the area on business I would pop by HH and take a look to see what was happening and take a few shots.
I did the same at West Newton and Wressle when in the area.
christinetaylor,
the *****tones will never be drilled this year !
what are you talking about ??
"Peni3tone Flags will be drilled this year"
...in your dreams, not a hope in hell
I hold Reabold at a very cheap entry an I am confident W newton will be funded this year.
Drilled is another matter as they need to get on soon.
The way things are going I don't see Biscathorpe or North Kelsey ever being developed. I do feel West Newton will go ahead and regardless of this little hiccup with the HER, the Peni3tone Flags will be drilled this year. And those two will provide exceptional revenues whilst Union Jack concentrate on their US wells where planning, activists and equipment availability is all in the company's favour.
Do I think it will flow ? Yes.
Might as well switch off till news.
Nothing you say is making any difference to today's weak volume CT either
The facts are that traders successfully banked last week an are awaiting a successful flowing RNS until then the share price is stuck 9p below last year's AGM
Absolutely agree Overdog. A very astute move by DB into the USA.
The situation can only worsen in the UK, especially if we have a change of government later in the year.
ATB.
Pboo, I know full well nothing you say makes any difference, I am saying you seem to have an issue with this company to post as you do. I hear you spent a few years camping outside the UKOG site reporting on tankers? That obsession appears to be the same as you have here. Why would anyone spend so much of their life trying to diminish sentiment the way you do? How about answering that?
I think this is a perfect demonstration of why the company is in the early stages of giving up on the UK and switching to the US. To get anything done in the UK you have to first get past the NIMBYs and the self interested QUANGOs who spend years complaining and raising objections to any kind of development or economic progress. Then if they do allow you to develop it is so slow and inefficient you wonder why you bothered and finally as soon as you start producing any revenue you have to pay nose bleed levels of tax.
The well in America will either work or it won't. If it does they will drill another, if it doesn't they will drill another. Try doing that in the UK.
CT5
You must be very naive if you think anything I say takes down the share price.
I do believe that the company are being as transparent as possible between RNSs by using their X account to assure shareholders that all is well. If there were any problems, they would not be putting pictures up from the rig arrival, then commencement of drilling, the pump jack assembly and now a video of that equipment operating. There would just he a silence until the flow rates were or were not made available. You can read into this transparency however you like but to me it is an assurance that the well IS a major success as David has stated and as soon as they have the oil going into the tanks we will get a super RNS. That will likely be within the next week all being well π
It must make Pboo sick to think he had a 50/50 choice between UKOG and UJO and has lost his life savings hence why he comes here to trash this share to make himself feel better. I guess his hope is that UJO will be a failure like his UKOG investment is so that he can say he would have lost either way but reality is he is just very bitter for backing the wrong horse.
Pboo, you don't hold, if you did you would at least be positive when good news came out. You don't trade it as you are always negative, never positive, so you would be trashing your own trade π
CT5
Fact is you have not got a clue if I hold UJO shares or trade UJO shares.
Just like you know very little about oil well completion.
I wish you well with your shares but it will be down to luck if you actually make money.
How the UKOG share price you were ramping all over LSE at 0.18p doing Pboo? Current price 0.0028p. Youβve done well to lose people 90% on a share that was already down 99.9%. π€£
The fact is Pboo, and it IS a FACT, you are NOT a shareholder, yet you persist in your negativism on every announcement the company publish. I am sure if they drilled into a gold mine you would suggest it was low grade. I don't understand why you have to do this every time, it suggests you have a personal issue with the board as you are a non-shareholder and don't even buy on a major drop in value.
CT5
As I have said many times I hope Andrews-1 flows and flows very well.
At the moment the pump will be displacing drilling fluids and possibly a mixture of gas and oil.
Until UJO RNS that Crude oil is flowing and the flow rate, nothing is guaranteed.
But Pboo, you immediately present with a negative. I am sure the company wouldn't be giving such great updates if there were any issues.
CT5
I suggest you do a bit of homework on how wells flow.
When they drill, hundreds of barrels of fluid are put into the well. This needs to be displaced before oil can flow into the well bore. This can be displaced by using nitrogen gas or as can be seen a nodding donkey.
And described as a major success, the odds for this well to be producing are far greater than any possible failure. There are many wells in the area successfully producing, there is absolutely no reason to suggest any different for the Andrews well. Reach Oil drill loads of successful wells, they are experienced and familiar with the area and what is down there.
#UJO Andrews well, duster or gonna flow ?!
I go with flow π’οΈπ
@UnionJackOilplc
Strong buy π
Flowing success. 86.2%
Duster. 13.8%
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