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….albeit a small % …low volume to but it’s blue! I’m getting quite use to this.
Decent report posted earlier should get some views and raise interest here… many still doubting Heids magical £1 prediction in 8 weeks or so… be good fun watching it rise to over 50p and if it keeps going there will be nervous laughter here that’s for sure.
Can’t believe it’s Friday again… WTF?

.....I commented briefly yesterday on Sound who are continuing to fight off a legal process in Morocco which seems to have little or no common sense to it. I am reminded that the subsidiary being investigated is the dormant company of sound that hasn’t traded in many years and is unlikely to have any recourse to the Group or parent.

So, it’s all process rather than substance and hopefully tax authority will realise this legal process is doing Morocco no favours, after all there are many companies and projects which actually will provide both revenue in-country and ease the considerable energy shortage in an area which is desperately short.

Might even crack the 2's again... this can move fast

Time to get onboard indeed!

Its a very positive report Heid..

Plenty to consider, then. But though a change of fracking policy would have been an unexpected bonus for UJO, it’s a secondary issue: the company’s fundamentals are robust. Wressle continues to perform strongly, with a development plan in place to open up its full potential, confirmed by September’s CPR. Drilling at West Newton promises to open a lucrative new revenue front. It should also be noted that the company’s booming profits have allowed it to introduce a capital allocation and distribution policy for the payment of a dividend or share repurchase programme. Last month a Maiden Special Dividend of 0.8p was announced, involving a total payment of £902,927, with the Ex-Dividend date set for 17 November 2022, the Record Date for 18 November, and the Payment Date for 16 December. The share buyback programme got underway late last month, with 200,000 of the company’s ordinary shares purchased at 5p each using existing cash resources – a further 100,000 were bought this week at the same price.

UJO has come good this year, just as the UK’s urgent need for indigenous oil and gas has become painfully apparent. The company’s share price now seems on an upward path again: with the prospect of good news on the horizon now may be the ideal time to get on board.

It does seem a big drop this morn... no news to go on... is it an absolute bargain now or good money after bad?

Exactly! ..then we can get marching back past the 2p level!

Ooooh errrr

Sellers = strange

Was just going to post that.... definitely have funds for drilling

and there is the blue... nice

Heid...Do we know a buy back amount DB is after? or just as many as and when?

Fully expecting blue soon

https://oilprice.com/Energy/Energy-General/Central-Banks-Are-Buying-Gold-At-The-Fastest-Pace-In-55-Years.html

Anything could happen..it’s the Oil game… £ 1or even £2 by Christmas…..or 5p…. My personal guess and yes it’s just a guess of where I actually think it would be not where I’d like it to be is 60-70p range…would love it to be 90-£1 level and I’m definitely not ruling it out as it’s vary plausible. More blue today….interest rate decision today and yes plenty rain today! GLA..
Roll on divi day and watch out for the continued buy back program.

He will get a sweetner to make sure it goes through shareholder approval…the deal if it ever comes would have to be substantial and right now I’d take £1 but as discussed here a few weeks ago many said that’s nowhere near enough… but I say a bird in the hand and all that.

Oil up across the board… can’t see Brent staying sub 100 for long

Looks like the market had priced in a unremarkable Production numbers RNS… can’t see it falling much more the mm’s have had their pound of flesh here… all we can hope is the extended flaring has allowed a gradual opening of the wells so the next set of numbers should be better. If not it’s no M&S turkey for me at Christmas…more like turkey twisters from Iceland!

Hopefully you are correct Dave…. Cos it’s dark as hell here right now mate.

They won't be able to hold this back much longer...sentiment id with us again, the buybacks will continue in rapid succession as they won't want to be paying 50p + in a few weeks when they can pay 35p now! Strong buy and roll on the divi!