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I read the seismics an it is clear they hit the target.
All is on the way up no stopping the oil now of course we can get the odd duster but one in three is a winner every time.
Its a go USA and the first one a winner to start with. What more can a investor ask for Steady home production and monies to make it big in the USA rather than filter it away in the UK with taxes Nimby's Greenies and the Odd balls you get here doom and Gloom Brigade. Into the USA Up Up And Away.
Pboo, you keep focusing on tje depth they stopped at., but further to the completion David declared it a major success. He could not and would not make such a statement if they stopped due to any problems. He wouldn't get ot past the nomad. A 'major success' is not suggestive of stopping drilling due to issues, to me it's a declaration that they either hit the target earlier or made an unexpected discovery.
Ct5
How can it be a major success when testing is still on going. When and if they release an RNS informing the market that substantial oil is flowing, then you can call it a major success
The actual drilling of the well might have been a major success but there is doubt in that, as they stopped 600ft short of the announced target depth.
Pboo already has so much egg on his face you could chuck him in the frying pan and make an omelette, the cheek to mention Turkey after telling everyone how good it was looking only for it to be a total failure.
Agreed, but the sentiment I have seen by people who are not just about slatingntje c0mpany continuously suggests a belief that this well will come in. A predicted 75% pre-drill, everything seemingly going to plan, if Imwere a betting girl I would bet on success rather than failure x
CT , its only a success when flow rates are established
Pboo, the Andrews well has already been declared a major success, the only person getting egg on their face will be you with that comment, allmthe positivity comong from the company on X is a strong enough indicator for me that all is good and that is good enough for me.
CT5
You are going to have egg all over your face if the Andrews-1 well does not come in and a big loss on your share holding.
UKOG went to a certainty in Turkey and look where that got them.
Good point Kawasaki .. I think the only hope if Labour gains power is with the Unions - they are already putting pressure on Starmer / Miliband etc. to ‘get real’ and reverse or at least temper some of their anti-oil & gas policies. Particularly in respect of job losses, Aberdeen, energy security - I’m not sure it’ll make a difference, but the Unions are up for a fight, there’s a lot of politics at play.
Kawasaki, I think i misinterpreted your post. Sorry 😬
Kawasaki, I believe the move into the US was on the back of the situation evolving in the UK. THAT is where they will get the revenue from and I do think present operations in the UK will continue, just no new ones.
Without the oil and gas industry which the government is claiming millions from in taxes. When all this is phased out in the uk where will they get all this revenue from.
I bought another little bundle today, so confident for 2024.
01/05/24
48792 UNION JACK
£11,227.27
Who thinks the Andrews1 well will be a commercial discovery and produce the expected 150 bopd? Production testing must be nearly complete and an RNS due soon. We could get news on the gas being produced too as the gas recovered to surface will be sold into the local network. Can't wait to hear what's going to be revealed from this first well in the US 💪
Is from you Funstar. You contribute nothing but uour silly comments that I am someone else. It wouldn't matter if I was Warren Buffer posting here, I am invested, I declared my trade last week, just because I am confident in my investment and say as much does not make a ramper. A trader ramps, I won't trade this, I believe in the management and the assets, simples. Please just go away and leave me alone.
Maybe?
No holding ever but a terrible state of affairs.
https://www.londonstockexchange.com/news-article/DELT/pensacola-update/16446276
"Farm-out Process
The feedback from Deltic's Pensacola farm-out process has indicated that the continual tinkering with the Energy Profits Levy and resultant fiscal uncertainty created by the current government, along with recent rhetoric emanating from the Labour Party, have had a severely negative effect on the ability of UK Exploration and Production (E&P) companies to commit to long term investments in the North Sea. This has resulted in many operators diverting capital away from the UKCS or delaying investment decisions, especially with respect to new large-scale opportunities like Pensacola.
Against this hostile political environment, and despite the Company's best efforts, Deltic have not yet been able to secure a farm-out partner for Pensacola and although there are a number of live discussions with respect to a way forward on Pensacola, there is a risk that a farm-out may not be secured before the end of May 2024. We remain of the view that Pensacola represents an excellent value-driven opportunity for the right partner and would be willing to engage with any additional potential partners. "
Read on on link above
In the same format as a well know ramper…… remind you of anyone?
New PI’s need to be very wary of following the dross from these accounts….. my advice is ignore the noise and focus on facts, which many posters on here ignore and pump their own agendas….. u destined TAC/ CJ/ CT / CT5
I've got feelings of impending doom! hope I'm wrong!!!
I’m old 74 been here since 2019 and I would uphold that stance.
Your not sorry at all, I have seen your previous comments to me x
Sorry if I misjudge your character and call you out if I am wrong, but are you a representative of the company?
For news so far, whilst the share price hasn't followed suit, with what is expected for the remainder of 2024 along with the unexpected, it does promise to be a major recovery play. All very well moaning now but if some people took their blinkers off and examined the true potential here long term, they would see that everything is falling into place for Union Jack to he something special in comparison to its peer companies. I know it's easy to say patience, some have obviously exercised more than their fair share, but in fairness, the company has never been in the position it is on now and has had to raise money year on year to survive. It is now advancing into new territories, has recognised there is little future right now in the UK and rather than sit still, has made what I believe is the best decision they could have. Not Africa, Afghanistan or any other high risk region, but the super safe, oil loving United States.
Https://find-and-update.company-information.service.gov.uk/company/03542727
methinks 30th June not May