focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
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.
Your not sorry at all, I have seen your previous comments to me x
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.
There's absolutely no doubt that David is taking the bull by the horns with this entry into the United States. Every day something is seen in the press about the need for the end of fossil fuels. People who call for this are really deluded if they think this is something that could be achieved by any 'date' set by governments. We are already seeing the fall in demand for EV's due to the cost of keeping them on the road, the lack of charging facilities, the incredible insurance costs being levied, the poor resale value, there's nothin about the green view that is achievable with the technology available now or that will be available in the near future. Fossil fuels are here to stay!
Reabold seem to have lost most of their gains over the last few days, if I was in there I would have taken some profit I think as until West Newton mobilisation is announced there remains little positive sentiment. This is why I would never gloat or tell everyone how well I was doing as things can change so rapidly. Few oilers in the UK are doing well at the moment, so happy to be invested here 🙂
Could easily pay for an additional well in Oklahoma every 6-8 weeks. It's not out of the question to potentially have half a dozen wells by year end all producing oil AND gas. By that stage there would be millions rolling in and the world becoming Union Jack's oyster. Surely not as far fetched as some may think and certainly achievable both operationally and financially.
Is a super attraction and a reward for existing shareholders but for me, as I have previously mentioned, I want to see a solid revenue stream, not just one asset paying all the bills. Two or three wells in Oklahoma provides secondary revenues which makes the company far more stable and increases the potential for long term, regular dividends, which couldn't be assured by Wressle alone. So David. Please, splash the cash in Oklahoma.
Want a largish dividend announced near the AGM but personally Imthink that would encourage the thought that it was engineered to pacify shareholders. For me, a small dividend, a sign of things to come, the continuance of the policy to reward shareholders will be a better sign. Maintaining constant and regular payments will be an attraction to US and UK investors. When you start paying large dividends you will be expected to keep them going and I would so rather a few more wells in the US to ensure revenues will continue to support them long term.
Milnrow, no doubt in my kind we will all be obliterated by war before anything else. Let's live with the luxury fossil fuels provide until then 😂
Funstar, the fact the well was declared a 'major' success not just a success The fact the well and the site has obviously been prepared for production, the fact there were elevated readings, the fact the X account is keeping shareholders updated. It all goes towards the assumption all is well. As for the rest of your comment, whatever makes you happy x
Express their operations now in the US. The company should set about drilling another two wells on or very near the site of the Andrews1 subject to it being commercial, which I believe is extremely likely. The numbers certainly stack up based on the cost to drill and the revenue return. Amazing that Reach can drill two wells within 3 months and be producing, all for a million pounds. Pay back in six months, pretty incredible really when you look at the hoops you have to jump through over here just to get permission.
Ito be the time for anti-fossil fuel activists right now as authorities everywhere seem to believe in the need for wind and solar as a substitute for oil and gas. Why don't they see what every sensible person sees? It is simply not possible to exist in today's world without either commodity. Even if you had electric cars and limitless green energy, the fact that the cars and just about every other domestic item we use is a bi-product anyway. Common sense seems to be in extremely short demand.
Image of the Andrews1 well site this morning on X. Everything tidied up, all the equipment no longer required moved off and you can see the actual size of the area now being utilised. Plenty of room for a few more wells there David 😉
And it ensures they never will now Gwynwin 😂
They said approximately 8 days after the 14 days so allowing for the unknowns, I would be expecting the flow results next week jrlomax 😀
Selling oil and gas in Oklahoma very soon. More revenue to complement the cash cow that is Wressle. Use all that cash to keep drilling more wells in the US. The UK is becoming impossible to develop and move forward.
Union Jack keeping the images from the Andrews1 well coming. It may not mean much to some but for me it gives a little clarity on progress. Whilst not all will agree with me, I do believe if this well was believed to be anything BUT commercial., there would be a lot less chatter by the company on X.
Patience required as they go through the testing phase, timescales are rarely met in this industry but seeing the pictures confirms operational progress for me.
Lucky Union Jack are already producing and hold enough licences to last decades isn't it Mrswamp! Phew 😅