Member Info for Heid

Turning into a shambles.

High risk.

Sell imo.

Turning into a shambles.

High risk.

Sell imo.

Hi there LAW. If UJO's 1/6 of WN's 2025 costs was £237k, this means that we have spent 16.66% of about £40 million gross on this "asset" up to the end of '25, or slightly less than £7 million net to us. I guess we should thank our lucky stars that this one wasn't written off too, but I reckon it could easily happen in 2026.

greypanther2 ADVFN

In a nutshell: Revenues £2.489mmAdmin Costs £2.477mmRevenues less Admin costs £12kCash at bank 31/12/25 £1.46mm - cash now unstated.The company is not generating enough revenues to materially reinvest to grow its current portfolio or current existing declining field revenues, it's spending them on admin. So where is the funding for new drilling, Wressle and more royalties going to be coming from? "the Company has considered other options including, if necessary, additional liquidity through potential loan facility or other form of external financing." ie Pre sale of Wressle revenues to pay for its share of the next phase, plus some kind of fundraise (death spiral or another fundraise).I can't see many other options..., cutting Admin by 50% or more would help. kim_clay ADVFN

Gone are the days when oilers werent taxed to the hilt an anti oilers seemed to have less clout.

What Craig thinks he will do different here is beyond me ??

When you listen to his opening interview an his excitement for USA you can see why he got sucked in on a loss

Seems like Kier Starmer mark 2.

Wressle expansion would emit 1m+ tonnes of climate pollution

https://drillordrop.com/2026/05/25/wressle-expansion-would-emit-1m-tonnes-of-climate-pollution/

David, Joe an Graham are no fools.

They continue to expand their bank accounts along with Stephen an Sachin at Reabold.

Just think if West Newton needs to be commissioned ?! £££££ #DOWNTHEDRAIN

Retire.

Shut up shop.

I do not believe this company has any future an you know it

Hence you never wrote, for the first time.... ' The future of Union Jack remains bright.'

It has been a gravy train for all on the salaries.

Share holder value dreadful.

David still trying to make the future look bright.

DYOR

Https://youtu.be/L5gRuU9PIEI?si=WGUzj0qRok5CGMDH

😂😂 xx

Nov 2024 "Following the drilling of Taylor we are very encouraged by both the reservoir quality and hydrocarbon indications we have encountered in the Hunton interval, the main objective. In addition, the discovery of further intervals in the Cromwell and Misener Sands offer additional future potential. Both zones also produce well in the immediate area."

18 months later we are still waiting...I find it hard to be confident in any of Bramhill's statements re stripper wells

likeawalrus

Anyways Michael lets watch opening.

Mornin David an George...Xxxxx

All done in the best possible taste.,

An what has happened to West Newton ?

I see the protestors are very active to bring a legal challenge. DYOR. I do.

An since these Oklahoma drills came up it has crashed the share price ?!

They certainly havent done Union Jack any good.

Hat off to David for trying but I dont see the bright future here.

More a gamble.

Is is time up for Oklahoma wells ?

Dat is die question

An who is the potential new board member here?

Craig Howie.

What's he bring to the table ?

Nothing of value that I can see.

S Club 7

Reach for the stars

Milesy bloke.

With the board up for re-election of course the RNS had to have a positive spin on it.

Now you have to wait an see if this gets delayed....an if the 'potential' an 'good' comes to fruition.

Or will this drill just disappear ?!

'If DB and JO are not re elected then I expect a couple of other will leave even if re elected. Leaving CH and probably Zac. There will of course be the usual warning from the company that failure to elect at least 2 Directors will likely lead to suspension. So hopefully CH has someone in his back pocket if needed.'

Kim _clay ADVFN