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Maybe it's not Pboo and the original pics were library ones ๐
To see what develops over the coming weeks as US investors are made aware.
"The market makers will potentially require a substantial amount of these shares in order to fill any buy trades and they will have no choice but to mark the price up, then mark it up again and again to attract sellers.
Luckily for us shareholders, and thankโs to the consolidation a while back, there are relatively few shares in issue so I can see an almighty squeeze if the interest builds in this little UK listed company"
https://ujoukus.com/more-fantastic-news-from-union-jack-oil-ujo-ujogf/
I look forward to the comments of our resident oil guru next. ๐ชx
Will you be positive if ujo announce a positive result on the Andrews-1 well? Or will you dind something negative to say? Asking for a friend ๐ x
Technoinvest, judging by the fact the company is now operating in the US, drilling wells and buying royalties, I would think being listed there is imperative. With no new shares being offered, any new buying is going to be very welcome. It just seems to me that everything this company announces, someone seems to have to try and make it negative within the first 5 minutes. Which is probably why the comment was made x
Oh Pboo, must you?
Just been reading here https://www.harbor-access.com/ Looks a good outfit. Seems as though plenty going on behind the Union Jackdoors! Just need a good result now from the well x
What time do the US markets open today?
Wowsers, wasnt expecting that ๐ฒ and no new shares to be issued? Could there be a bit of a shortage of shares when they start trying to buy over there?
Oh dear, that won't fit in with everyone's agenda. After weeks and weeks of constant negativity, conspiracies and claims by Hydras the Wressle oil production was down? It will likely always be up and down as there is more water than previous but it's obviously still making the company cash.
Hello Tom, how are you today? Whereas I am actually Christine, you are Tommy Winnifrith in disguise xx
In that case it was quite a good strategic purchase itsawrap?
Is that Union Jack is the only onshore oil company of its kind that is profitable, debt free and generating a strong cash flow. It is utilising those funds to expand its interests, not just sitting there like a cash cow looking for something to waste it on. If the Andrews-1 well comes in, there will be some eggy faces after all the abuse levelled at David and the team. Ok, it may not, but I believe the chance of success suggests it has a strong likelihood of flowing so lets see shall we x
Could I also point out that even if they had accrued for 5 years, it didn't take 'Bramhill' too long to realise the cash, did it?
What you fail to mention itsawrap is that the company made a pretty substantial return on those royalties did it not? Surely thats what it is all about. Why everyine keeps slating this management I will never know. It has brought the company into a very attractive position surely?
Pboo, of course it means something. The operator will assess thenlevel of success on known fact, if he assessed at 20% it would be a high risk drill in reality. The fact Reach have estimated a 75% chance, the belief must be that they believe this well has a good chance of flowing.
Canchat, the fact the first tranch returned 10% of the purchase price, in the region of 60k, who cares?
I would disagree, effective quantification and management of exploration risks and associated uncertainties remains a key challenge for the Oil and Gas industry. Geological probability of success evaluation is one of the key steps of the exploration process, which will lead - if properly managed - to enhanced project's value creation, as well as improved portfolio management and exploration decisions. This paper reviews and discusses a consistent, uniform and reproducible approach for evaluating seismic amplitude-supported prospects, weighted by the input data quality and availability x
I appreciate you don't exude much positivity on Union Jack Oil Pboo, but with a 75% chance of success in a prolific oil bearing location in Oklahoma, a team experienced with this type of drilling and an operator with excellent history of finding the oil, I think we have a great chance of success. A duster would really be bacd luck imo x
Maybe a little exaggerated there Gwynwin lol. But this is definitely the right move imo entering the US and I think most people would agree when looking at the awful UK onshore position.