Member Info for Gwynwin

Big changes in new year are you in or out.
The 2 analysts offering 12 month price targets for Union Jack Oil PLC have a median target of 133.00, with a high estimate of 176.00 and a low estimate of 90.00. The median estimate represents a 833.33% increase from the last price of 14.25.

I see rnstranslator likes to skim a bit of UJO but another company is doing well with 25% less per day from Wressle “strange” I think it’s jealousy his lot not doing so well.
And he did indicate it would be over in two years do not know how his numbers work but 40% of 2.4 million barrels is a lot of money at 50 $ a barrel profit over how long it lasts plus a side drill later if they find another supply near by who knows Keddington has been going for years and years.

The facts are that petrol motors will be around to 2050 and it will not all stop at 2030 lots of people will keep their cars on the road until they can only scrap them.
Wressle should have been drained by then I think 16 to 18 years production at the 500 barrels a day divide 2.4 million so there should be 10 to 12 good full years production and pressure slowing down over the rest.
I would rather repair a petrol car than buy a second hand Electric car that is only running at 80% battery when charged doing less miles every year after charging. one won't get very far with that.

Itsawrap want Ujo to save another company because he got shares in it rather than stick with 16% and see how next step works.
Micky bee I put down a buy if I am buying I only put down what I am doing not trying to get anyone buying that is there decision they should do there own
investigations and check out knowing it can go up or down at any time the risk is there for all to see just do not blame others my opinions only

Hey mickybee does the truth hurt you,
I would say buy if I could but cash is tight at present, but then that is life,
nobodies else’s problem mind alone.

I see the moaners have returned in full force
Pity they would not sell up and cannot put it in words however any body with savvy will get the drift.
whatever else the buy they can moan on there as much as they like
Just like the media I would say on about last year because they cannot find anything else useless moaners

LSE taking the P here look at the buys against the sells and not moved a quarter point beggars believe.

Taken from RNS half yearly report
"In the subsequent period to this Half Yearly Report, we have seen Wressle production rates well in excess of our projected 500 barrels of oil per day with a corresponding expectation of its potential to deliver material future revenues.
So the bar charts will be blown out on yearly report money money coming in

the only way is up now here we go.

All a bit funny just a little bit here and there if you are using a drone you can picture it all easier than choice bits so I would it’s all a bit poo.

Very careful shots of the site why can they not show all the site ? covering up the action eh

Like to get a few grands worth at 10p a share just waiting to see the bottom best buy on the market

anyone notice two shots of the same end storage area only.

There has been more shares bought than sold in the last three months of UJO shares.
Just over today 2 to 1 on buy and sell but the price is held down .

RNS Maybe you missed the word approximately i am talking about the UJO ONLY not interested in any other than Wressle
it is in testing and it will go up and down in production on testing as you have read 700 800 but they cannot keep that up as there is planning restrictions on the approval of it. so today price is 70 dollars a barrel it would be breakeven at 18 dollars a barrel or that is what one RNS quoted so in 2022 all testing done and a run the max UJO can get is 200 barrels you can use a calculator and as the price will rise if covid XXX does NOT do its worst, and there is no requirements for oil then it should be at todays price No COVID XXX a very good year next year and BIs and WN get sorted who knows but Bis more important than the 16% of WN

Jimmybob so over ten thousand dollars a day is chicken feed to you and that is only approximately at 50 dollars a barrel profit is more at present and rising .
Total 2.8 million pounds a year at the above profit once the steady flow is setup after testing 2022 will achieve that
oh but then its chicken feed to you and you do not have a share in it haha.

Mickybe can you read where did the company say they would produce read part of this RNS below note the full production.
Executive Chairman of Union Jack, David Bramhill commented: "I am, of course, delighted with the outcome of the proppant squeeze operation which has enabled the Wressle-1 discovery to deliver the expected production rate of 500 barrels of oil per day from the Ashover Grit reservoir, the lowest reservoir interval in the original discovery well.

"At a full production rate of 500 barrels of oil per day, Wressle, at current oil prices would transform the economics of the Company with a materially positive impact on our revenues and operating cashflow.

Wressle is located in North Lincolnshire, on the Western margin of the Humber Basin, covered by licences PEDL180 and PEDL182. Union Jack holds a 40% economic interest in this development.



The grant of consent allows full use of the installed oil storage capacity at site of approximately 2,000 barrels and will enable full production from the Wressle-1 well to be achieved following the proppant squeeze, which is expected to increase overall production to a constrained 500 barrels of oil per day (200 barrels net to Union Jack). Got to wait for Appeal on BIS & WN and look how many times we had to Appeal Wressle and there was not so many moaners on here then

New buyer on the prowl Edl moving on into ..????

facts not rant and raving
https://www.share-talk.com/wressle-development-granted-planning-consent-on-appeal-edr-ujo-eog/#gs.hs2dbk