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All in all. Almost 250,000 shares bought and about 10% added to the SP including yesterday. A long way to go but it's a start.
Sentiment seems a little better and the announcement today was taken quite positively. Hopefully we will get an update next week on the Andrews-1 well and if that is good, I think we will see some new interest which is much needed. Hoping for some additional buying tomorrow and the momentum continuing.
Some nice little buys whilst you were out getting the washing in Heid x
Not yet dear but I think your family sold out their 38 shares just now 😂
Exactly!
I will be happy with one trade 😂
Canchat, I was not rubbing it in, I am down here in the short time I have been invested, but all I read on here is how the management have let everyone down when most could have at least taken profit at some stage. Every company I am looking at is massively down in the past two years, Union Jack is not alone. The one thing I note is that apart from the constant whining about not paying a dividend so far this year, which in itself is quite rare for any AIM oiler and probably unknown for a UK onshore one, I don't really see that the management have done that much wrong. They have chosen some good assets, it;s not really their fault they have been delayed by the planners or the operators. No everyone is kicking the US venture when it is actually, in my opinion, something quite exciting, better than sitting waiting and stagnating for the UK assets. My feelings are stop whining and let's see where it takes us. I am certaibly not laying the blame at Davids door doe the share price at this stage. Just my opinion.
Make sure you have your Tenna's on Heid x
For Union Jack will certainly result in all buying initally, it can't do anything else 😂. What will be interesting as the weeks go by will be the amount of shares bought. I believe US investors are more likely to view this as a longer than one week investment case and the mineral royalties and the dirst well will generate some interest as the Union Jack name gets promoted. In a way it's a shame we are most likely very close to the results of the Andrews-1 well as not a lot of time for speculation. If it comes in. A lot of interest likely and a tight squeeze possible on the shares available. It could really be a turning point from this afternoon onwards.
if as you say you have been here for 4 years, then surely you had the opportunity to sell out for a nice profit when they were at 50p? if you didn't and surely there was a good return at that stage and you made the decision not to take a profit maybe? shares go up and down and looking at virtually every oiler like this, they are massively down so union jack is not on its own.
heid. you as usual twist my meaning. i am just saying west newton, the *****tone flags, biscathorpe etc are potentially a few years away from returning a revenue and the company needs cash to progress. this is why i have little interest in a dividend, far better to spend the cash on something that will progress and ensure the long term of union jack. if this well comes in, my thoughts will be justified. i want the share price to reward me, not a dividend. that can wait as far as i an concerned.
Hi Tom x
People, Union Jack has released a dozen positive RNS's this year. Everything is heading in the right direction regardless of the attempts to discourage any positive sentiment. 12 RNS's which these same people have tried to drag down shareholders faith in the future of the company. The UK onshore oil sector is totally fooked and anyone who thinks sitting on Wressle and waiting for West Newton and Biscathorpe to start paying any revenues is a good idea is, unfortunately not being realistic when it comes to expecting the SP to recover. What will give the SP a boost and bring interest back to Union Jack will be any new ventures such as the Mineral Royalties, the drilling of the Andrews-1 well, today's listing on the OTCQB etc. i believe West Newton will be drilled this year but like the Peni*tone flags, none of these or any other will bring revenues in the near term. All credit to David for seeing that and acting on it.
Firstly, Pboo, it is 8 days since they announced. A day difference between US and UK and they announced it had been spudded. So ok, best case scenario apprx 10 days but certainly possible to have seen oil shows. Heid, why don't you just fecking leave me alone. I am not anyone, not the aimcasino, not your blogger. I have said I won't bother fighting with you anymore so give it a rest.
Pboo, they announced a week ago the well had been spudded so they have not 'only just started drilling' why can't you at lest be truthful in your negativity 😡
But I wonder if there will be any trades coming in from the US today? I have been looking at the Harbor website, that company seems to be the business.
I think the fact they have brought Harbor on board to promote the company and announced that too, they have oil They wouldn't announce commencement of trading, be pushing the company presence in the US too unless they had a good idea of the results of the Andrews-1 well imo.
What is so remarkable about my comment Pboo, we are now past the 10 day drilling schedule, they would know if theynhad oil by now.
If they already have oil at the Andrews-1 well and this is why the OTC announcement has been made today? Surely it would have been delayed until they knew 😳.
Well said Techno, a dozen positive rns's already this year. Can't see any other onshore oilers trying as hard as this to progress.
Bound to be a good post for you Pboo. 😂