GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
You;re right Gwyn, they could be worth three or four times their value over the next 12 months. If they were cancelled now it would be a bit of news, a small spike in the SP which would be quickly forgotten. To know they could be worth a considerable sum more further down rue line makes far more sense.
Next week as there's no way Zac Philips will be doing a presentation to US investors without the Andrews Well being successful. What's the bet it's flowing and this will be the subject of discussion along with the mineral royalties. More and more confident in David and the venture into the United States. It appears they are really going for it now πͺ
Yes, thank you Heid, what would we do without you having so much influence over the board of a listed company like Union Jack. I'm so impressed β€οΈ
Union Jack presenting and doing a 1-1 with investors this month. Can't see them presenting on the back of a duster lol
https://www.londonstockexchange.com/news-article/UJO/ujo-to-present-at-sidoti-virtual-conference/16451201
FYI Pboo. Here you can learn all you need to get a job as a geologist by this evening π
https://www.youtube.com/watch?v=Y29a6YLnUO4
Pboo, you keep focusing on tje depth they stopped at., but further to the completion David declared it a major success. He could not and would not make such a statement if they stopped due to any problems. He wouldn't get ot past the nomad. A 'major success' is not suggestive of stopping drilling due to issues, to me it's a declaration that they either hit the target earlier or made an unexpected discovery.
Agreed, but the sentiment I have seen by people who are not just about slatingntje c0mpany continuously suggests a belief that this well will come in. A predicted 75% pre-drill, everything seemingly going to plan, if Imwere a betting girl I would bet on success rather than failure x
Pboo, the Andrews well has already been declared a major success, the only person getting egg on their face will be you with that comment, allmthe positivity comong from the company on X is a strong enough indicator for me that all is good and that is good enough for me.
Kawasaki, I think i misinterpreted your post. Sorry π¬
Kawasaki, I believe the move into the US was on the back of the situation evolving in the UK. THAT is where they will get the revenue from and I do think present operations in the UK will continue, just no new ones.
I bought another little bundle today, so confident for 2024.
01/05/24
48792 UNION JACK
Β£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 πͺ
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 π
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.