The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
This will dive bigtime
My guess about 0.80
You wont be able to sell anything till it hits the bottom
Do not put any stop loss in!!!
They will not work till it stops falling
I advise to everyone is do not sell at all
This will recover very quickly
Mon, 15th Mar 2021 07:00
RNS Number : 1768S
Union Jack Oil PLC
15 March 2021
Market Abuse Regulation (MAR) DisclosureCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement
15 March 2021
Union Jack Oil plc
("Union Jack" or the "Company")
Purchase of a Royalty Interest in the Claymore, Piper and Scapa North Sea Oilfields
Union Jack Oil plc (AIM: UJO), a UK focused, onshore hydrocarbon production, development and exploration company is pleased to announce the purchase from Cambridge Petroleum Royalties Limited ("CPRL") of a 2.5% cash generating royalty interest ("Acquired Interest") that is part of the royalty unit over 20% of the revenues from oil and gas production from the Claymore, Piper and Scapa oilfields located in the Central North Sea, known collectively as the Claymore and Piper Complex (the "Royalty") for a total consideration, including working capital adjustments, of US$130,000 (£93,730) and paid from the Company's existing cash balance.
Highlights
· An attractive, cash generating and high yielding investment, consistent with Union Jack's wider strategy and objectives to invest in the UK oil and gas sector
· Offers superior financial returns from North Sea oil and gas production
· Generates a compelling estimated Internal Rate of Return ("IRR") of approximately 129%
· Cash generating investment with an estimated average annual compound yield estimated at 16.5% over the life of the Royalty, superior to high street banks, other fixed interest, or treasury investment alternatives
· Payback, including accrued royalty payments of the original investment, is estimated to be less than 12 months
· The Company benefits from an indirect contractual exposure to North Sea offshore oil and gas production revenues without any ongoing capital investment, decommissioning and joint venture operating costs
· Represents the first such royalty investment in the Claymore and Piper Complex by Union Jack with further transactions planned for 2021 and where a second, material transaction is at an advanced stage
David Bramhill, Executive Chairman of Union Jack Oil commented: "This compelling investment in a cash generating royalty over the Claymore and Piper Complex's oil and gas revenues, plays strongly to the Company's technical and analytical strengths in oil and gas and represents a low-risk entry strategy to the North Sea while generating superior investment returns.
"The Royalty provides Union Jack with the benefits of an attractive cash flow stream and high yields from North Sea oil and gas production without the accompanying capital and operating costs associated with direct participation in the underlying oil field developments and infrastructure.
"The Royalty's superior returns and cash flow characteristics are consistent with Union Ja
Mon, 1st Feb 2021 07:00
RNS Number : 4569N
Union Jack Oil PLC
01 February 2021
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
1 February 2021
Union Jack Oil plc
("Union Jack" or the "Company")
Free Flowing Oil at Wressle Hydrocarbon Development Project
Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company is pleased to provide a positive update on operations at the Wressle oilfield development ("Wressle"). The development is located within North Lincolnshire licences PEDL180 and PEDL182 where the Company holds a 40% economic interest.
Operations to recomplete the well and reperforate the Ashover Grit reservoir interval have been completed successfully, safely and on schedule.
Following the re-perforation and its successful communication with the Ashover Grit reservoir interval, free-flow of oil has commenced and the well has been placed on continuous 24 hour test production. The well is now in the normal clean-up phase as the well is carefully brought on-stream.
The Joint Venture will provide a further detailed update when flow rates have stabilised on completion of clean-up.
Produced oil from Wressle will be transported by road tanker to the Phillips 66 Humber refinery and sold under the Operator's (Egdon Resources plc) existing sales contract.
Recent photographs and video footage of the Wressle operations can be found on Union Jack`s website www.unionjackoil.com.
For further information, please contact:
Union Jack Oil plc Via Cassiopeia Services Ltd
David Bramhill
Mon, 1st Feb 2021 07:00
RNS Number : 4569N
Union Jack Oil PLC
01 February 2021
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
1 February 2021
Union Jack Oil plc
("Union Jack" or the "Company")
Free Flowing Oil at Wressle Hydrocarbon Development Project
Union Jack Oil plc (AIM: UJO), a UK focused onshore hydrocarbon production, development and exploration company is pleased to provide a positive update on operations at the Wressle oilfield development ("Wressle"). The development is located within North Lincolnshire licences PEDL180 and PEDL182 where the Company holds a 40% economic interest.
Operations to recomplete the well and reperforate the Ashover Grit reservoir interval have been completed successfully, safely and on schedule.
Following the re-perforation and its successful communication with the Ashover Grit reservoir interval, free-flow of oil has commenced and the well has been placed on continuous 24 hour test production. The well is now in the normal clean-up phase as the well is carefully brought on-stream.
The Joint Venture will provide a further detailed update when flow rates have stabilised on completion of clean-up.
Produced oil from Wressle will be transported by road tanker to the Phillips 66 Humber refinery and sold under the Operator's (Egdon Resources plc) existing sales contract.
Recent photographs and video footage of the Wressle operations can be found on Union Jack`s website www.unionjackoil.com.
For further information, please contact:
Union Jack Oil plc Via Cassiopeia Services Ltd
David Bramhill