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4.75%, now 5%. Wow, maybe it will be 10% by Monday 😂
Hi milnrowmug. I tooam hoping that UJO will turn out to be a far better than average AIM oiler and, IMO, it's doing all the right things. Assuming the board decides to announce a divi fairly soon, perhaps along with the annual results, what do you think the right yield is for a £25 million mkt cap company? IMO it should only be about 1% or so. All the best, GP
Yes, Well at least I did not load up here at last year's AGM price of 32p to 24p today or I would have been on a substantial loss instead of getting all my money back yesterday with a nice 5%
As I say, we have the family holdings an hopefully we will one day get a return there too.
It is risk reward like Zac said yesterday.
'how’s your Goverment bonds doing Heid? That’s not investing it’s called savings'
Its not even saving. Most bonds are 5%. In today's economy taking real inflation into account, anything under 10% and you are not even treading water, you have actually lost 5% in the last year. Inflation is a clever tax built into the system to keep the majority of 'normal thinking' people poor and in poverty unfortunately.
There's nothing wrong with bonds if younwant a secured return. Your return on say for example on £5000 would be £237.
Investing in Aim, a £5000 investment 'could' return an extra £5000 or more. It's a gamble and it is all about research, economic conditions, government decisions and a bit of good luck. For me, seeing a company making all the effort Union Jack do, encourages me to believe I will almost certainly see up to a 300% increase from this level. That is not unlikely and I am not a dreamer. The SP hit 50p on pretty much nothing other than the government saying fracking would be allowed and Union Jack don't even frack 😂. So I say support the company to get there, every shareholder should be able to see the potential here and anyone who spends their time being constantly negative after everything we can plainly see what UJO are doingnquite simply has an agenda to destroy positive sentiment.
My first bond matured yesterday an I got all my money back with 4.74% interest
I have quite a few more to mature this year an I will get over 5% on the majority
I fixed two more bonds yesterday with Hargreaves so they will be rolling out regularly from now.
I do not believe it is a good idea to put all your eggs in one basket an to split the risk.
We have our holding here too so let us hope one day we see at least 50p with regular dividends.
The divi, even at .02, will signify to US investors the aim of the company to pay them as they expand operations and increase revenues. I believe the company has a vision amd plans are being put in place to realise them. The UK oil and gas sector is finished so far as any expansion is concerned and it seems to me the focus is now going to be in attracting US investirs in. The size of the divi is irrelevant to this goal, it is the longevity that counts and you eother trust the management to achieve or you don't, you support them or you don't. For me, the future IS bright 💪
To pay a dividend of 0.2 is just a total waste of time and money. Yes DB can say we payed a divided but lets face it, it woul be a waste. I would rather see them buy back shares.
Heidi is desperate for attention because she is a failure, whatever the well is producing and no one knows this yet as it’s on cleanup it’s a producing, commercial success. Let’s stat drill the next, how’s your Goverment bonds doing Heid? That’s not investing it’s called savings.
CT5, the stripper wells article might have relevance if the Reach wells he mentioned on this thread are mostly of that type, old; hence newly drilled are atypical, not average. Give it time, we will be told.
Joking, Pboo amd Heid are just being negative for the sake of it and are best ignored. Everything is pointing to a lot more oil than they suggest, the confidence oozing from the company backs that up. Pboo always tries to make everything negative, look at his link yesterday to information on stripper wells. What has that got to do woth the Andrews well? Answer:NOTHING.
He is desperate for failure and Heid is desperate for attention.
Maybe other wells don’t have such a favourable flow angle, being a shallower reservoir. we’re told this is great news
Reach Oil And Gas Company, Llc is currently un-ranked in the state of Oklahoma based on a total production of 458,675 barrel of oil equivalent (BOE) reported during the month of 01-01-2024.
The company has an estimated daily production of 231 BBLs oil and 231 MCF of gas, coming from 7 actively producing wells in the state.
In my maths that is an average of 33bopd
Most wells in the USA are classed as being commercial on 20bopd. That's because as DB keeps saying, costs are a fraction of what they are in the UK.
Looking at Google Earth pictures of Reach Oil sites in that area, the set up is very similar, 2 to 3 large ish storage tanks. Approx 1000 barrels of storage.
Heid is becoming incredibly tiresome. With every RNS (15 so far this year) you find something to be negative about, dronong on and on about salaries and dividends. I don't care about their pay, I care about what they are doing to earn it and it is plain to see they are doing everything they can to bring value to shareholders. They are fighting against a totally negative enemy in this government, being stuffed with the Energy Profit Levy, hammered by activists and planning appeals. The dividend should not be anywhere near what you are demanding, that cash should he spent on more activity in my opinion and I really hope you are going to see no more than .02. Union Jack is going to extreme lengths to create a presence in the US, their first well has been 'hugely successful', a 'major success' and we need more of these. People are beginning to see the potential here and they are also seeing you have an agenda that doesn't support the company or its shareholders.
No risk for the board is there on their fixed salaries...
'The future remains bright...'
"Hello Christine. Please note the 2023 AGM when the share price was 32p. Notably 24p is part of investor's portfolios today. Union Jack are not obligated to report everything including the dividend hence volume is low today. We wait... ' 😀
Yes it was good to hear mention of need to recognise the risk taken by shareholder invested money.
I hope a decent dividend yield is coming when I look at the interest lost here over last couple of years or so an the disappointing share price.
Reabold seriously need to RNS funding asap to drill West Newton this year.
That tweet you so kindly posted Heid, maybe another evening geology class needed?
"Hello Mark. Please note the date of that reading. It is part of the initial reporting. Reach are obligated to report everything including test volumes' 😀
And in sure the gas will too
Just about a week to wait now. particularly like the bit about updates on other projects, and sense a decent dividend yield is incoming.
I am perplexed here as Zac's presentation had mentions of 150 BOPD I seem to recall for drills in the area ?!
Commercial means that the oil will make a profit for all involved.
Major success for me is the speed that this has been drilled with no opposition from the likes of local councils.
That is true but the share price is not reacting like this is a 'major' oil find.
Yesterday's presentation by Zac was not transparent in many areas an pretty bad timing in terms of the annual report due out etc etc
Good morning. As expected, your usual negative spin. Heid, as a newly inaugurated geologist, you should know thatnthe 20 bopd you refer to was recorded during drilling as every piece of data has to be submitted. Pboo, this has been described as a major success by David Bramhill and 'hugely successful; by Zac Philips yesterday. So both suck on that x
I wonder how many of those wells stopped drilling 1000 feet early