Member Info for Gwynwin

Al on here talking Rubbish as normal the units is only to supply on site power
The rest goes down a 600 metres pipe to connection read below and learn
https://ogv.energy/news-item/union-jack-oil-expects-even-higher-rates-at-wressle-as-gas-plans-are-unveiled

Since the announcement in May 22 year this is nearly completed

"Focus now turns to completing the installation of the few remaining permanent production facilities and progressing the planning, permitting and implementation of the gas monetisation plan.

Time this Share shot over the 50 p been in the dog house too long

Big Big News

Depends on dates and prexentage whic UJO has a bigger slice

No Brainer with the good news about to flow our way

Cut and paste from a RNS
The Board considers the ability to make future distributions to shareholders being both timely and appropriate and an important means of returning value, subject to continuation of the Company's business operations and consideration of its future prospects.

In implementing this proposal, the Board intends to apply a consistent and disciplined approach to capital allocation in order to:

· Manage the Company's overall funding requirements including maintaining and developing operations at projects in which Union Jack has an interest;

· Maintain a strong balance sheet which is debt free throughout the oil price cycle;

· Continue to invest in growth projects held, which include Wressle, West Newton, Keddington and Biscathorpe, all of which the Board believes will deliver significant future returns for shareholders; and

· Consistent with Union Jack's progression into a meaningful producing company, make appropriate distributions in order to reward its shareholders.

Time will tell all and then we will see what the production is running at.

See RNS 2745J and then say it cannot run at 1000 a day

All depends on price per barrel
Was a lot more in June to July 20 to 25 total 35 days July 25 to 26 aug only 32 days 26 aug to 4 Oct 39 days 4 Oct to 14 Nov 43 days and last one 51 days so price per barrel going down and xmas holidays not bad do not think anything wrong with the reporting just changes in price and with work on gas maybe a slower production making the difference.

Hope fully this month the Gas will be used not flared and the oil will be fully produced from well so 1000 barrels a day equall to 400 a day to UJO and for every 100 more a day that is 40 more to UJO plus what the gas being used returns just for oil that is at 1000 a day just shy of 11 million dollars at 75 dollars a barrel plus gas per year something has got to give here and this share should move upwards they cannot keep this down for ever we know from other RNS and tests this can produce more than above once the gas is monatised.

Yes Brixton I got a few of them but only d ribs and drabs of dividends took a few shares at first but now a dividend as it is free on my ISA
Maybe made a mistake if there price goes up but found I was always paying a high price for shares then they would drop later so went for the money cash is king.

Dump the buy backs a double the dividends this year payable June and December. This year let’s see the share holders get some respect
David.
PS Share buy backs seems to to holding the price down

Big Blue Happy one

Doing all ok with me I think this will turn into a swan as it goes through 2023

https://www.marketwatch.com/articles/oil-prices-china-reopening-51672142832?mod=mw_quote_news

Union Jack Oil expecting Wressle to generate 'well over' £200 million in next decade from oil alone and gas will pop it up more followed by North Kelsey Bisc and and West Newton what more could a investor ask for *0 million Plus for UJO in the coffers Role the New Year.

OH note for clever one maybe my spelling or what not up to much butI can count money OK

Heid got the wrong date 2023 all this big news early or late who knows north kelsey bisc gas money into the coffers 600 barrels s day for ujo net oil gas money on top west newton will come on top the only way is up loads of cadh to play with dividends remember 2023 start middle and end of year and I am a very happy punter

"The additional revenue from monetisation of the Ashover Grit gas, together with increased oil production rates, will have a positive financial impact on revenues from the Ashover Grit and on the value of the Wressle field development when operational.

"Wressle production over the past 12 months has been transformational for Union Jack. Revenues are fast approaching US$11 million and the Wressle-1 well continues to produce above expectations."