Member Info for Heid

RNS: 31st Aug

The operations are scheduled to take approximately three weeks and production from Wressle-1 is expected to be reinstated during late September 2023.

Todays RNS David : "I am pleased with the operations being progressed at Wressle."

🤣🤣🤣. laters guys.

So now Pboo will pray that Beacon is a failure.

Fact not fiction.

I own millions of Beacons so I hope it does flow.

Oil price rising for various reasons now.

Wressle is Union Jack's cash cow an I say it will flow very nicely but we will not know for a while yet.

If David starts selling his Beacon's he will look a right d1ck in front of Larry. It isn't happening.

Probably old Joe O'farrell owns a load of Beacons. He has his fingers in loads of pies.

Your point is ?

There in black an white for you Pboo.

David will not be looking to sell his Beacon shares with his stating in the RNS he was 'very pleased to declare our INITIAL investment in Beacon'

We consider the investment to be a good use of capital generated from consistent cash flows principally from our flagship asset at Wressle.

"We have met with the management of Beacon and are familiar with their onshore assets in Germany, which we consider hold impressive scope and upside potential for both the near and mid-term.

"Without doubt we see a synergy between Beacon's and Union Jack's modus operandi and we look forward to the results of what appears to be a very encouraging and value accretive work programme going forward, including the testing of the Schwarzbach-2(2.) well."

David has met with Larry an the team an would not have been a TR1 holder if him an Graham were not happy with what they saw. Like Wressle an Keddington I say David will look to increase his interest in Beacon substantially.

Why ?

Wressle update - The re-instatement of production operations at Wressle-1 well is currently expected during the week commencing 23 October 2023.

"The capital expenditure incurred in the completion of these works is comfortably funded from existing cash balances and will be offset against the Energy Profit Levy Tax at a rate of 129%.

So clearly Union Jack are sitting on a comfortable amount of cash. As there will clearly be no drills at Biscathorpe/West Newton for a long while yet will David add more to his initial investment in to Beacon Energy or look to reward shareholders with a dividend ...

I go with Union Jack will add to their initial Beacon investment an increase their TR1 holding here

I go with David will add to his Beacon Energy initial investment an increase his holding.

"The capital expenditure incurred in the completion of these works is comfortably funded from existing cash balances and will be offset against the Energy Profit Levy Tax at a rate of 129%.

So clearly Union Jack are sitting on a comfortable amount of cash. As there will clearly be no drills at Biscathorpe/West Newton for a long while yet will David add more to his initial investment in to Beacon Energy or look to reward shareholders with a dividend ...

So no flow rates RNS for another month but well done to Egdon for the work involved.

With oil price looking to reach US$ 100 the revenues will be very welcome.

I think it is dreadful when some have been here for years an ask on X if they will be alive to see a return here ?!

'If Beacon achieve their near term goal, the investment there could easily double/treble or more over the next few months.' I like the sound of that ! At last a return in the near future

'Biscathorpe which awaits a planning decision one year after the appeal '- so that wont be drilled till end 2024 if lucky

'Rathlin has obviously been short of cash hence most of the delay in progressing it'. West Newton drilled H1 2024 ??!! Your having a laugh

Keddington closing in fast on a drill for this year despite promises from Egdon

Wressle far more work involved an we should never have been giving a misleading time scale. We are reliant on tweets where some are even being removed because the wording is wrong.

Notably that has cost a lot of money for Union Jack Oil shareholders so cheerio to buy backs an dividends.

An embarrassment of riches an the futures bright ??!! How long will share holders have to wait to see a decent return or do we have to ask the operator for the answer ?

ALLAN1942

No, I am not invested in Union Jack Oil at the moment as I am in Beacon Energy..Union Jack's TR1 company

When I see things improve here I will be back to trade this too

As for that Joe O Farrell tweeting away an never once mentions the company yet banks a £100k salary here too. Yes he is down on his last buy but that has been nicely cancelled out

But this is The Aim Casino an this is a traders share whilst buy backs an dividends are described as spunking money up the wall by said poster.

Guess we are the bottom of the pecking order. Let's hope that changes for us.

My belief is Union Jack's assets will become a big success for the company. This is about going forward an not the past. Though I do think David knows how to hype/play this an has been sussed by many holders , hence many LTH's have sold.

My guess would be the nasty man you speak of on ADVFN is linked to Winnifrith/Brailey

I guess we are all here to make money an so far David, for his age, has banked a substantial amount of money in his pay packet whilst share holders have been left disappointed.

This is oil an gas...we may not be nearly there

Always allow for longer

Buys are showing as sells.