Member Info for crudeoil

Placing will be below 0.15p. No way £5million can be raised above 0.15p

Placing will be at 0.18p and over 15 billion shares in my opinion. dyor.

I should have bought more this morning. Still lets not be greedy.

£2.50 coming up very soon.

https://drillordrop.com/2019/11/03/fire-at-horse-hill-oil-site/

Accidental fire at Horse Hill. Fire fighters called in.

Looks like back down to 0.18 ............... there could be a need to raise more finance. Lets watch and see.

From Term............
If Wressle is given the green light next month, production timeline is summer 2020. UJO still need to raise funds for their additional 12.5%, whereas EDR and EOG don’t, the market and traders are aware of this....
Thats an additional £1.04 million pounds need to be raised.
Nobody wants to talk about this.

So is £2.8 million enough for West Newton and Wressle which will require an additional £1.04 million. • Union Jack acquires a further 12.5% in the licences containing Wressle, increasing its interest
to 27.5%, reaffirming Union Jack’s and its joint venture partners’ commitment to the
development of Wressle
• The Acquisition structure is attractive and involves no initial cash consideration. The Deferred
Consideration of £1.04 million is conditional on establishing first commercial oil production at
Wressle
http://unionjackoil.com/wp-content/uploads/2018/06/Acquisition-of-Additional-Interest-in-Wressle-FINAL-clean.pdf

0.18p is fair value after all the hype.

Yes i meant .15p and .18p.
Depending on the scale of the stake.......how much dilution will this create? .

If ujo were to buy a portion of humber oils stake, then there will be a need to raise capital........could be between 15p - 18p.

Placing will come in around 15p - 18p if needed..........a lot will depend on Wressle and finances. I keep hearing we have £2.8 million but surely some of that is being used up already for day to day operations.

Support is 18p if it does not hold then 15p. We have been manipulated / scammed.

CO will buy back in once there is a proposal to raise more funds for all the drills / works. The cash they have at the moment wont last long

Back down to around 15-18p in my view

Placing to come for UJO.....not enough cash in the kitty for 2 wells.

Footsie is down 163points as of now...........so it could be market turbulance taking all shares down.

If this is true then what happens to the share price.

The twitter ramping gangs have all disappeared.........i wonder why.......do they know who is selling and why ?????