Member Info for DaveT1

Pleasantly surprised by this interim dividend, and looking forward to a nice final dividend with the results in May.

Lol, you can't handle the truth and wouldn't recognize 'balance' if it smacked you in the face. (someone needs to).
Of course it takes a little longer to make a million if the stuff you're selling has dropped by a third in price... and if you're not interested in this sector then please do one and veck off.

Think you left this on the wrong board persimmon....

"Almost as big a dog as a Great Dane."

That would be the company actually turning a profit and paying dividends.

Great update! Good for them.
Now give me back my small dividend.

Not sure how one might explain the recent swings and the lack of any news update but it's starting to smell a bit too fishy for my liking.

You would be better off staying over on the THRU board persimmon.. with your prediction for a 50% rise there by summer. A similar market cap to UJO except that UJO have already turned the corner and are making millions whereas THRU continue to lose money.

The only published 'facts' about Wressle point to there being a whole lot more oil down there than any of the published facts. The last set of clueless data from Gaff could only really say that although we had been sucking it up for a year there was still more than the original amount left to extract.

I'm pretty sure "MM markdown/markup" is a thing, you see it all the time on open.

Hoping things come good for QFI but I'm a bit numb to any news or update that doesn't have an actual sale.

Way to shoot yourself in the foot with the change of distributor. Good to see more export markets though.
Maybe Roland or someone else will come in with an offer for RedLeg and Blavod... I wonder if he was behind the 'new strategy'.
Perhaps we should be thinking of producing Tequila at Ardgowan instead of Gin.. It's a pity because Blackwoods is a really good Gin but then Gordon's is half-decent and that's the default.

With regard to the current share buy back exercise, the company is proceeding perfectly normally and reasonably.
Remember this is the first ever buy back by UJO and they doing what most other companies do on a maiden buy-back. i.e. allowing the broker to do their job and sensibly holding the shares in Treasury. Further down the road, with more and more profit and more buy-backs, it may well become safe and sensible to cancel some Treasury shares.

Don't forget they are limited to what they can buy back by the daily volume traded.
All seems to be going well, hope UJO don't take any of the vitriolic comments on this board seriously as I'm sure the silent majority of shareholders must be very happy with the news and progress made over the past year.

Careful, you bumped the price up by over 5%
Would be nice to have some proper news on our Ardgowan investment.

Can get a quote to buy easily enough but no quote to sell.

At least they are still expecting a profit. No clue as to how much less than last year though.

And so we look forward to the first of many regular dividends with the finals and interims and there is always the possibility of another xmas special..

This amazing insight from brother7 is like when he said there was very little chance of a dividend.. right before UJO announced their maiden dividend.. Lol.
DYOR

lejjb I suggest you take your informal and unproven drivel elsewhere, cliff-edge lol.

For a fairer picture, in the same release UJO also said:

"Production is currently controlled by the 10 tonnes per day gas incineration boundary, regulated by the Environmental Agency ("EA") Permit, to between 760 to 800 bopd gross (304 to 320 bopd net to Union Jack).

Once the gas monetisation development is complete this production limitation will be eliminated and the production rate is expected to increase significantly.

Independent pressure test analysis has indicated potential flow rates for Wressle-1 of between approximately 1,200 to 1,500 bopd."

Good news and it explains the rise over the last week. Unfortunately lost trust here now and will need to sell-up.

Most institutions have specialist small company funds and maybe they will take some UJO once the final results come out and the first of regular dividends is declared along with a dividend policy.
UJO is currently one happy big winner as opposed to Novekingd who is one sad little loser.