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GP, I haven't listened to Europa's presentation, but it may not be set in stone that it's a delegated decision.
I was in contact with Andrew Law earlier this month, on the 6th he wrote in an email...
"At the present time the planning application is a delegated item, meaning that it can be determined by officers without needing to be referred to the planning committee for a decision; however this could change prior to a decision being made."
At yesterday's Europa presentation Alastair Stuart said that the enlarged Wressle wellsite and the two new wells would be a delegated decision, and would not require North Lincs Council's Planning Committee's approval. He also said that very few, and maybe only one adverse comment had been received so far.
Cheers itsawrap
As at 6th June the application was a delegated item - however that may or may not have changed in the last few days
Is Wressle planning app going committee or delegated decision. Anyone know?
Started: Heid, 14 Jun 2024 12:43
Last post: milnrowmug, 14 Jun 2024 21:53
a fair post tac, but heid has shown she is immune to fact and reason: you might as well have gone unto an high place and ****ed into the wind.
of course bod pay divi and unretired buybacks are disgraceful, but her posts were never likely to change that. the correct forum is gm, i doubt enough of us will be bothered.
Big question for you Heid:
If you and your family are so disappointed, so angry, have no faith in the management or the future of the company, resent the size of the dividend and the salaries being paid, along with the money paid to PR companies, and everything else you find wrong with Union Jack, why oh why are you still here? Surely with your opinions you could relieve the stress that is obviously being inflicted upon you all by selling out? Surely when you believe there is no future a small loss would be better than in impending big loss? I cannot understand, and I am sure most on here must be thinking the same, why you devote what must he 30 hours a week repeating the same thing over and over when you know nothing you say will have any effect on how this company is run, what decisions the board make or how fast things will move. The management are not going take pay cuts, not going to pay a dividend more than they decide and not do any further buy-backs just because it has upset you. There are probably 4-500 shareholders of which 3 or for moan on here, 3 or four who egg them on who aren't shareholders and as for your polls, probably no more than 20 genuine shareholders who vote. All in all you are wasting so much of your life on something that has little or no affect on increasing your family's share value. If anything, it is helping to decrease it. I admit to being bemused.
Do you want John to sell as well ? And Foggy ?
John Taylor
I have 100k shares so it would cost me more than the dividend to get there and back. But cutting the dividend is tantamount to holding up a billboard saying “we have a problem”. It will flash red and investors will steer clear. The sp will fall, oh it has!
I won’t say anything more but cutting the dividend by such a measly amount was a monumental blunder.
Foggy@ReggiePerrin6
None of the above got too many of these f*kers and can't wait to get shot of them, would even take a break even price of around 40p.
And
Teldar Paper?
And three of my families holdings ?
Oh great this is.
Then please, tell them to do it!
I do not trash this I speak freely as to how I view things as a shareholder
As all I see for now is the board an their associates being paid an fobbing us off for much longer
I do not see a bright future yet. That is a shame as my family want to sell
Started: Heid, 13 Jun 2024 16:35
Last post: Jabez135, 14 Jun 2024 16:13
You on Love island Heid! Love know what your like in real life! hahah intriguing character on here! Hah
There was a time when people just wanting to keep adding to their holding an were in awe of Lee's holding.
At this moment in time most LTHs will be happy to get out imo.
Please turn this around ASAP Bath HQ as it isnt nice.
Https://youtu.be/fy0rYUvn7To?si=Y7TxwQ-BIeGxb022
For Georgeous xx His fave.
Markets move on sentiment an David an the click an inner circle arent cutting it quite frankly hence the 18p
I know you like to abuse me about being on medication but there have been a lot of errors here an still ongoing. I think David an the men are too stubborn to see this. I have written so much but the sheep just keep following each other here. You need someone fresh an I am not so sure even Craig will cut it.
Heyho laugh at me all you like but Grade C still. Two million pounds poor David has earnt since the accounts begun. I added it all up. Come on David...surely you can go to Rick Steins now for fish an chips with George. £40 for both of you 😂 poor pensioner. Lets give it some thumbsies 👍👍 H x
Needs something to spice it up Heid? What, like a 263% rise in reserves at Wressle ( Need to monetise that) a successfully drilled well in the US ( Not sure 100bopd will give decent rise yet), a second well in the planning phase(Down the line), profitable Mineral Royalties, announcement confirming a secondary recovery project, a dividend declaration(Took the hiss !), entry to the OTCQB ( Where's the TR1s/buyers), 75% interest in the Wilzetta project, ex-Shore Capital analyst joining the board(Shore capital never got any institutions in), West Newton conformed funded and anticipated to commence operations this year ( See it when I believe it ) . 23 RNS's in as many weeks. I think people lose track of the amount of news that has been released this year and what this company are doing to circumvent the likelihood of what is going to happen after the general election.
Started: Jabez135, 14 Jun 2024 11:48
Last post: Jabez135, 14 Jun 2024 16:08
Its just everything - they are just hell bent on punishing any kind of success or aspiration, because apparently Karen is a bit skint looking after 3 kids
I agree the Labour Party are going to take us back to the agrarian economy.
If that lot get in I’ll be spending more time abroad,
I agree with tac, there's great potential for UJO in the US with Reach and the Royalties. our H1 results are 3 months away but they will include 6 months worth of Royalty payments, plus we may have a 2nd well testing by then. If Egdon is to be believed upgrades at Kedd will take place in H2, meanwhile Penystone permission could drop at any time unless it goes to committee. Beacon may salvage good value out of Erfelden too - so I'm looking forward to a very interesting H2.
Jabez, I believe it has been confIrmed on the X account that the UK taxes only apply to operations within the UK borders and not to any operations outside of them, that UJO would not be paying the UK government, but the US.
TAC - all well and good, but the profits will be realised in a UK company, of which Mr Sta(lin)rmer is going to take 75% of it off you. So the only winners are - excessively salaried execs, and (HMRC) His Majesties Robbers and Communists
Started: Heid, 13 Jun 2024 18:48
Last post: Gruyere, 14 Jun 2024 11:52
I started this reply to make the point that actual investors would be looking at more than dividends like its future prospects and earnings, therefore price to earning ratio would be a factor, performance against same sector peers, net debt and ...and... and then realised its an attention seeking imbecile in need of help that would be on the recieving end......so why bother.
Go on you can all run push the price down, I will be picking them up bigger profits on the way.
Others posting that reply too.
What did they think insulting us with that dividend an then awarding themselves bonuses...?
People have had enough of this.
Sorry heid you missed a choice out, will not be buying anymore. Had enough of this. All the sp does is spike and the last one did not even reach consolidation price. This is not a investment.
Interesting votes coming in already.
Started: monet2, 13 Jun 2024 17:12
Last post: monet2, 13 Jun 2024 17:12
UJO has held up a lot better than most oil companies today. I know ujo not in the north sea but it affects all oil companies.
Labour Manifesto...or Fiasco...
hTTps://labour.org.uk/change/my-plan-for-change/
We will embrace the future of energy production and storage which will make use of existing offshore infrastructure and the skills of our offshore workforce. Labour will not revoke existing licences and we will partner with business and workers to manage our existing fields for the entirety of their lifespan. Crucially, oil and gas production in the North Sea will be with us for decades to come, and the North Sea will be managed in a way that does not jeopardise jobs. And our offshore workers will lead the world in the industries of the future.
We will not issue new licences to explore new fields because they will not take a penny off bills, cannot make us energy secure, and will only accelerate the worsening climate crisis. In addition, we will not grant new coal licences and will ban fracking for good.
To support investment in this plan, Labour will close the loopholes in the windfall tax on oil and gas companies. Companies have benefitted from enormous profits not because of their ingenuity or investment, but because of an energy shock which raised prices for British families. Labour will therefore extend the sunset clause in the Energy Profits Levy until the end of the next parliament. We will also increase the rate of the levy by three percentage points, as well as removing the unjustifiably generous investment allowances. Labour will also retain the Energy Security Investment Mechanism.
Started: Manwithplan, 13 Jun 2024 15:43
Last post: Manwithplan, 13 Jun 2024 15:43
How much has been spent on "Conceptual Development Plans", CPR's, Studies by various parties and "Experts", re assessing of Core Samples? The results of which, I can only assume, are in someones' drawer. Never to see the light of day, again!
Makes one wonder if the modus operandi is, if the natives are getting restless (PI's) - Do another study and throw that at them!
Started: Heid, 13 Jun 2024 13:30
Last post: Pboo, 13 Jun 2024 14:39
I think you all need to have a reality check an take off your rose tinted glasses.
But please, feel free to block/filter me.
The share price is 18p
Coming up half of last year's AGM price
TheAimCasino
Bucephalus1, without a doubt she has an issue, it's not normal to keep targeting the management of this company to the degree she does. It's not only incessant on here, every day, week after week, month after month whilst claiming her family are heavily invested. To then create an X account dedicated to attacking them personally, even advisors and PR people are on her hit list. Throw in the constant abusive and ridiculous images she creates along with her tagging in people's personal accounts, suggests some sort of issue with her mental health. It's as though she has no family, no life, nothing. Her only entertainment is sitting on her ipad all day awaiting someone to post so that she can then start her ridiculous rants under the header created by the original poster, totally destroying the original comment. It's as though any positivity triggers her into some sort of state of mind that requires her to post incessantly until her medication kicks in.
Such is the continual abuse and harassment of UJO by Heid, I've decided to block her from my X account. Her incessant, unhinged ramblings and multiple abusive posts have left me with no choice. Enough is enough.
Started: Heid, 13 Jun 2024 13:28
Last post: kawasaki, 13 Jun 2024 13:36
He keeps the rabbits while dangling carrots for us.
I dunno about these rabbits David but 17ps coming soon
Restart the buy backs at least or I do not know what you are playing at ?
@OG_Advisors When we used to get RNSs we all believed what we were told and were never suspicious of any probable outcomes/spin/lack of information more to the point in the content
#UJO That #RBD RNS for W Newton didn't fill me with confidence for this year. Maybe it's me ?!
100% W Newton action 2024
0%
Believe it when I see it
0%
Started: MickyBee, 13 Jun 2024 11:10
Last post: Heid, 13 Jun 2024 13:32
TheAimCasino needs to work harder here posting.
David needs to really rethink his strategy for shareholder rewards cause at this moment in time no one is buying it.
You all think I ramble on but just look at your portfolios.
This CAN be turned around but there would be cuts if I was in charge from the boards salaries.
Yes, quite clearly no one as any faith or believe anything that rbd publishes anymore. Actual boots on the ground is needed. Unfortunately ujo just as to go along with there investment. A bit like me.😂
Markets really impressed , more promises nothing more
Last post: Gwynwin, 13 Jun 2024 11:10
This is the best way for west newton to go small out lay get gas running get the money and put it into getting the oil out simple is always a winner
gas first oil second get going Reabold.
I’m fine. I’m a grown up and take respionsibikyy for my choices
You continue to be a pr”ck :-)
Karina1
16 post working about other people 😉😉
You seem to spend most of your time on this forum worrying about other people.
Karina1
Nothing wrong with just over 3 posts a day.
You are showing your pathetic side🤣🤣🤣
Monet2
Wrong again, Heid is not a friend, have never met her or ever spoken to her.
She, like you, is just another poster on this forum.
Karina 16 posts in 30 days
Pboo 115 posts in 30 days
Once again you don't let the facts get in the way of your opinions eh Pboo ;-)
Started: TheAimCasino, 13 Jun 2024 07:26
Last post: MickyBee, 13 Jun 2024 10:59
Yep we get a can of 3 in 1 daily from Fiskerton too
The level of anti ujo garbage postings has accelerated, I can only think this is a desperate attempt to freeze the sp as good news continues from across the pond. Until they are ready for the buying-back of course (and I don’t mean official ones).
What about the flow rate Christine!!! This is what the market wants, no long form ramping dribble like you spew on here 5 times a day!
Give the market some down hole process information and stop with the stalling Bramhill
Sorry for spelling errors, using my mobile and my eyes and fingers are inadequate for such a small screen 😂
Best decision ever going into the US. The company's drilled a well and getting good revenues it would appear whilst under test production. In six months, one well drilled and producing, another to spud very soon, a new venture to bring a few wells back on line with secondary production and a bundle of royalties that are returning cash too. Wouldn't even get an application to drill responded to within that timeframe. I wonder how things would be looking if Union Jack only had the UK assets to look forward to with 75p in the pound being deducted in tax? I believe the tax rate in the US is about 18% so US oil is worth fare more than UK oil. Call DV over if you like but unlike his peer companies, he's not been sat on his ar5s doing nothing and allowing the company to wither. The share price is dire, but I can't really see how it's not going to re-rate with everything that is going on. Another Andrews well producing and we could be seeing a substantial cash flow, probably exceeding the value of the Wressle revenues in terms of net profit.
Started: JamesParsnips, 13 Jun 2024 09:12
Last post: JamesParsnips, 13 Jun 2024 09:12
I am amazed this hasn’t dropped the sp. From drilling this year to not drilling this year. Operational activity expected to commence in 2024. They expected to get £££ from California and Romania. I don’t trust such vague waffle from these guys. They say the JV is fully funded for the next drill. Where are Rathlin getting the money?
Started: Manwithplan, 13 Jun 2024 08:48
Last post: Manwithplan, 13 Jun 2024 08:48
What caught my eye was the phrase "COULD accelerate production".
What production? Then again, anything above ZERO is an acceleration!
Happy Daze!
Started: TheAimCasino, 13 Jun 2024 07:52
Last post: Heid, 13 Jun 2024 08:08
When you see the lorries rolling in is when the share price will react as it did before.
That's when you want Pete as your phone a friend 😂
Mind you there were some you would have never have believed over there last time giving them the advantage.,,, then they disappeared.
Great news from Reabold re West Newton
I cannot understand why rbd have delayed so long - most gas engineers could have given them the answer in a couple of hours. Still I suppose it keeps the ceos in work for longer.
I am still not confident an I think it is desperate measures by Reabold pre their AGM an maybe they have had a kick up the butt from David too. Certainly unusual that David told us to refer to the wording in the Reabold RNS an did not go off on one celebrating his confidence. Anyways... down to Reabold now.
You have been going on and on about West Newton not happening. Now it looks like David's 'reneaissance' is
more likely, you are still moaning 🙄
Started: bucephalus1, 12 Jun 2024 19:35
Last post: Heid, 13 Jun 2024 07:43
Probably best of you all block me an filter me on this board.
Most grateful H x
TAC
You sounding more desperate every day / post.
You should be questioning at your own mental health and not the mental health of other poster.
I can also say the same about you.
It's not only incessant on here, every day, week after week, month after month with your ridiculous fictional ramps.
29
😂😂
Bucephalus1, without a doubt she has an issue, it's not normal to keep targeting the management of this company to the degree she does. It's not only incessant on here, every day, week after week, month after month whilst claiming her family are heavily invested. To then create an X account dedicated to attacking them personally, even advisors and PR people are on her hit list. Throw in the constant abusive and ridiculous images she creates along with her tagging in people's personal accounts, suggests some sort of issue with her mental health. It's as though she has no family, no life, nothing. Her only entertainment is sitting on her ipad all day awaiting someone to post so that she can then start her ridiculous rants under the header created by the original poster, totally destroying the original comment. It's as though any positivity triggers her into some sort of state of mind that requires her to post incessantly until her medication kicks in.
Such is the continual abuse and harassment of UJO by Heid, I've decided to block her from my X account. Her incessant, unhinged ramblings and multiple abusive posts have left me with no choice. Enough is enough.
Started: TheAimCasino, 13 Jun 2024 07:11
Last post: Heid, 13 Jun 2024 07:26
Yes David.
Restart the buy backs considering they stopped exactly on last year's AGM at 32p
I know you had to fund the bonuses an the Beacon disaster..but think of your shareholders.
The ball is in Reabold's court now.
I will believe it when I see it quite frankly.
If the buybacks start again, before the AGM - that would be the cherry on the cake .. come on David, you know you want to ;-)
Sorry for the. Negativity but we all know words mean nothing, when action starts with wn then i will believe.
Lest we remember !
Hows about the buy backs an renaissance of West Newton this year RNS'd by David ??????
😂😂😂
Started: SuePud1, 11 Jun 2024 10:06
Last post: Heid, 13 Jun 2024 06:38
The dross isn't improving the share price sadly TheAimCasino.
18p for the AGM which is 14p down on last year's AGM.
Hmmmm....gonna need some egging Mr B at the AGM.
Two million squids you have earnt going by all the annual reports.
You do know you can never get the time back you spend writing dross on here every day, just saying, right, the sun is shining, later folks
Started: Manwithplan, 12 Jun 2024 13:13
Last post: Heid, 13 Jun 2024 06:34
Lest we remember !
Hows about the buy backs an renaissance of West Newton this year RNS'd by David ??????
As for our dividend versus their pay bonus what an absolute joke.
Clearly we pay the wages.
2019!
WN Offshore discovery found onshore?
UJO Mid Tier Oil Company?
UJO 4 / 5 Bagger?
Andrews - 100 BOPD?.............Take It all With A Pinch Of Salt
GLTA
It has been rather entertaining to read but I note that Pboo is talking alot of sense an getting plenty of recommends an rightly so.
Canchat, my gripe is I cannot post anything positive without him or Heid jumping on it then using my header to add all their negative claptrap. It's as though some people feel the need to keep attacking Union Jack and they aren't even shareholders
Pboo -- Your 14:14 is the first positive that I have read from you for a long time. Well done - Vote Reform!
You and TAC seem to be at loggerheads, why don't you both give up? Beginning to sound like the two cats. (They are now two of my green coffins). So give up, put away the claws, bin the speculation, wait for the results, lay back in your recliner with your dram of malt and dream of barrels? You will sleep better, will wake up with the sun in the morning, will feel fresher and make some friends on this BB.
CHAT
Started: Heid, 11 Jun 2024 14:52
Last post: Heid, 13 Jun 2024 06:31
The only thing worth reading is the share price currently at 18p the rest is chip paper.
Ninetails, I recommend your post.
Https://unionjackoil.com/operations/usa/
well worth reading
Just basically speaking, without getting into to much detail, this company has been an absolute dud, for those that have believed in ujo and held long time and have indeed added to their holdings, seems just another lifestyle company to me, pretty shocking actually…
TAC
I see you have had my reply taken down.
😘
A comment Malcy made was retweeted including the article Malcy wrote. That comment was merely highlighted. Yet again, you look to add your negativity to this bb.
Started: TheAimCasino, 12 Jun 2024 13:28
Last post: Pboo, 12 Jun 2024 14:14
I hope everyone on this forum and all those in the oil industry are going to vote for the Reform Party on the 4th July 2024.
Reform are the only party that say they will scrap
nett Zero and support the home oil and gas industries.
Oh dear TAC you really do not seem to understand why people invest their hard earned money in shares. They invest for a return and a return that is better than you can get in bonds or a bank / building society.
People who invested 1 month ago are already down by 25%. Yes 25% in 1 month and over 36% in the past 12 month, whilst DB give himself and other directors a large wage increase.
UJO has been a life style company for many years.
You keep banging on about Reach and UJO joint venture in the USA.
Have you asked yourself what Reach Oil & Gas are getting out of this and why if it so easy to make money in Oklahoma wells that they need UJO.
That whatever DB does, he is immediately condemned by a small number of people on here. This year we have strong revenues being seen from Wressle, we have drilled a successful well in Oklahoma, we have purchased mineral royalties that are returning revenue, 10% of consideration earned since December 2023 announced in January, so whilst we are unaware of the total earned to date, it is more revenue. A small dividend is being paid, maybe less than some may like but the fact remains it is something no other UK oiler is doing which makes Union Jack quite unique and offers a lot more hope of success than most. It's easy to get emotional when you are down on your investment and the first course of action is to blame the management. Demand they buy shares, demand they take salary cuts, demand bigger dividends, demand this, demand that. But I am quietly confident that the company is going to do extremely well in the US, given the chance. It has started off quite impressively and it would appear there's lots to come. Another Andrews well, the secondary recovery, the Wilzetta, possibly a third Andrews well. Forgetting the UK assets other than Wressle, the US assets are really going to compensate for the awful situation we are in with operators and the government outlook on this industry. What if we hadn't entered the US, what then? I wouldn't be expecting any good news for the rest of this year and longer.
Started: TheAimCasino, 12 Jun 2024 12:02
Last post: Pboo, 12 Jun 2024 13:19
TAC
That is your ramping comment / interpretation.
Where does DB say upwards of 100bopd????
He does not.
Pboo, do you not understand "These site upgrades are expected to materially enhance current flow rates, with up to 100 barrels per day of high quality (46 º API gravity) oil having already been recorded at Andrews 1-17 during May 2024"
Already up to a 100 bopd under test conditions, 'materially enhance' means more and materially means quite a lot more!
TAC
How can you say the following when you know it's not true.
There's no doubt that the Andrews-1 well is going to be producing well upwards of 100 bopd and the Andrews-2 likely to mirror that.
Where does DB say upwards of 100bopd
He says up to 100bopd
DB says
These site upgrades are expected to materially enhance current flow rates, with up to 100 barrels per day of high quality (46 º API gravity) oil having already been recorded at Andrews 1-17 during May 2024.
Why things won't start improving from here onwards. A year ago we had Wressle and Keddington, with the hope that West Newton would be mobilised, Biscathorpe would be drilled, Keddington side tracked and of course the Peni5tone flags. It was just that, hope. With the planning objection to Biscathorpe, the planning awaiting the Flags, no sign of Egdon drilling anything or Reabold/Rathlin getting their act together, it's fair to say the operators have severely let Union Jack down and all credit to DB for at least diversifying away from all that rather than just sit there doing nothing. There's no doubt that the Andrews-1 well is going to be producing well upwards of 100 bopd and the Andrews-2 likely to mirror that. Looking at the new page on the website, the USA stuff is looking very good and I reckon apart from Wressle, all future investment will be in the States which is already returning revenue after just a few months.
Here's an interesting court case re COG Operating LLC from last year
https://www.mayerbrown.com/en/insights/publications/2023/08/court-of-appeals-holds-that-mineral-lessee-owns-produced-water-in-o-and-g-operations
Just asked the new chatGPT about flowrate if the Andrew’s well!!!
The sustained flow rate of the Andrew's 1 well, operated by Reach Oil and Gas, is reported to be approximately 2.2 million cubic feet per day (MMcfd) of gas, with an associated 10 barrels of oil per day (bopd) and 50 barrels of water per day (bwpd). This well is part of their ongoing projects aimed at enhancing production and proving the potential of their assets in the region [oai_citation:1,U.S. Department of Defense Annual Reports to Congress on China’s Military Power—2000 to 2023—Download Complete Set + Read Highlights Here | Andrew S. Erickson](https://www.andrewerickson.com/2023/10/u-s-department-of-defense-annual-reports-to-congress-on-chinas-military-power-2000-to-2023-download-complete-set-read-highlights-here/) [oai_citation:2,S. Rept. 118-44 - AGRICULTURE, RURAL DEVELOPMENT, FOOD AND DRUG ADMINISTRATION, AND RELATED AGENCIES APPROPRIATIONS BILL, 2024 | Congress.gov | Library of Congress](https://www.congress.gov/congressional-report/118th-congress/senate-report/44).
WB said “fearful when others are greedy, and greedy when others are fearful” the problem with the latter part is that experienced investors are usually fearful for good reason!
Kawas, "little chance of recovery"? Not imo. This sp can double in 2m, but also has a tendency to plummet for no good reason. When you do break even, and you will, comes the difficult decision. 1) cash out. 2) hold for future. 3) slice some, wait & see. I don't think I should advise further, but I am in a similar situation, less than 40%.
Take a note from the Buffet boy invest when all are in fear wait and reap the rewards Ujo and ukog are my favourites to make a gain not in the near future but onthe long haul I will if still alive because that is everyone biggest gamble.
You put your money down and take a chance