Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
15 to 20 April all will be revealed and share price rising.
Barrel output at Wressle up USA has hit the oil and another Well is on the tracks ready for spudding in USA Union Jack oil is the buzz word
Dollars in all the way no hang up like in Blighty full steam ahead and royalties paying off all around.
Ok I see the 600 from nsta in January only so UJO take at forty % = 240 times three months 91 days due to fed only 29 days.
240 x 91 =21840 x 87 a barrel 1.9 million dollars not bad for a one horse pony as they say at present bigger things to come from the USA in the pipe line
Say no more
Shore Capital said it was 'confidently maintaining' its 90p risked net asset valuation of shares in Union Jack Oil PLC (AIM:UJO) based on its debt-free balance sheet, shareholder-friendly distribution policy and strong cash generation and driven by its two key UK projects.
That's a significant premium to the current share price, which was changing hands for just over 14.1p.
Shore issued a short note following news that work is underway on Andrews-1-17, UJO's first well under its new venture in Oklahoma, USA.
Drilling is expected to reach a target depth of 5,200 feet in around ten days, followed by eight days of completion work.
The company, in a statement, highlighted that the well targets the Hunton Limestone, a reservoir known for its conducive position to oil migration due to its proximity to the oil-prone source rock, the Woodford Shale.
Shore called Andrews, operated by partner Reach Oil & Gas Company, as a potential further drilling catalyst.
I am still in disbelieve that the ntsa can release any figures that DB cannot say about on the inter.net as it would break the laid down in the down in company’s rules they cannot revel anything only through a RNS so no investors are uninformed
Read and Weep you none believers.
https://www.proactiveinvestors.co.uk/LON:UJO/Union-Jack-Oil-PLC/
It seems that a lot of investors just do not read before they invest.
That the price con go down as well as up so before you put your money in.
That buying shares is only just better than Ladbrokes betting shop.
With shares if it goes you can sit it Might go back up or you sell at a loss
With Ladbrokes you bet and win or loss nothing in between.
Latest news 12 to 15 days as below
Union Jack Oil PLC - Bath-based UK- and US-focused oil and gas company - Says Andrews-1-17 well in
the West Bowlegs prospect, located in Seminole County, Oklahoma, has spudded. Union Jack Oil has a 45% working interest in the well. Says that the Andrews-1-17 well has a geological chance of success of 75%. Adds that it expects a 10-day drilling period to a depth of 5,200 feet for the well.