RE: What do people think5 Mar 2024 18:43
West Newton is a major catalyst for Union Jack Oil an mobilisation an funding news will see the share price at long last begin to rise.
I can not think of a better place for a gas find at West Newton located in the Zero Carbon Humber region with plans in place for blue hydrogen ; West Newton will be the perfect feedstock for this.
We have Keadby an H2H both in the vicinity to convert our gas to blue hydrogen. CCUS is the way forward for our country to decarbonise an there are many plans in place up an down the country, even a labour government could not stop this happening. The Acorn Project is a very impressive one to mention which will grow like a super highway up an down the UK. There are already streets in the UK running on blue hydrogen as a sample.
From David's confidence one would hope that Stephen an Sachin are already sorting out the funding an we all hope to hear soon. Hopefully this will be one of David's rabbits to pull out of the hat pre AGM ( If the funding comes from a company with one man's initials M.D an the other one N.H I am a clever girl for my research ! )
It will not be long before we hear about the revised flow rates for Wressle which will set us apart from many UK oilers with no need for placings an debt free. This is a fantastic position to be in.
Of course we have the Pennystone Flags to be drilled at Wressle which are the jewels in the crown plus the gas to grid. This added to the Ashover Grit will only increase the bank balance for David Bramhill in his 2025 accounts an by then we could be looking at a very different company that sets us apart to our peers an very investable.
We would all hope to hear of another dividend being awarded to shareholders an buy backs to resume, again being catalysts for new investors an to reward out patience.
We live in an inflationary environment an my belief is that the oil price will reach all time highs over the next few years. Hopefully Keddington will also being flowing higher an with a 55% interest in this asset, thanks to David's business accruement, we will go from strength to strength.
Many thanks to the management an the teams with all the work involved to bring this to fruition. We could not be in better hands.
Heid Oil an family.
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