Member Info for Heid

No I disagree , he does care about certain shareholders.

Many long term holders have sold up.

Now his teasing us with we will all be happy with this new asset he is looking at.

The narrative of the futures bright is just sending us all to sleep.

Now I see this as a trader's dream an not as an investment.

19.75 for me to buy now...

I would like to see David show confidence in his company an buy some

As you say...10p cheaper than Joe paid.

...David is frustrated at speed of UK for us to get on with everything

David acknowledges share price is poor .. whilst he draws a handsome salary an never buys in of recent

Yet millions of pounds of money is still sitting there

Why no mention of a small dividend ?

Https://twitter.com/proactive_UK/status/1701196903294107972?s=20

19's I will buy

I stuck on another 1000 pounds an the price shot up

I could keep adding 😂

Potential

/pəˈtɛnʃl/

adjective

'having or showing the capacity to develop into something in the future.'

Very good to read the 1000 BOPD potential.

The royalty situation will always be soured for me as part of a leaked placing.

Oops sorry pasted twice.

Union Jack's very able technical team continue to screen and investigate the impressive upside that we believe is contained within our existing projects and we will continue to invest and agree to capital expenditure budgets to advance them. However, over the past year we have considered the potential UK political environment and the possible impacts on Union Jack's business development over the coming years.

Union Jack's very able technical team continue to screen and investigate the impressive upside that we believe is contained within our existing projects and we will continue to invest and agree to capital expenditure budgets to advance them. However, over the past year we have considered the potential UK political environment and the possible impacts on Union Jack's business development over the coming years.

⭐To mitigate future risk, the Board believes it is compelled strategically to seek growth opportunities further afield in politically safe regimes and with sympathetic views toward the oil industry, without compromising the world's environmental objectives and the aim of a Net Zero target by 2050.

Over the past six months we have appointed a team of specialists who are able to provide a bespoke service in generating potential value adding projects for review and consideration. We are seeking projects that will be self-funding in the short term, without placing undue strain on our strong Balance Sheet, allowing us to remain focused on the onshore UK as our core area of investment. We look forward to updating the market as this search progresses.

Union Jack's very able technical team continue to screen and investigate the impressive upside that we believe is contained within our existing projects and we will continue to invest and agree to capital expenditure budgets to advance them. However, over the past year we have considered the potential UK political environment and the possible impacts on Union Jack's business development over the coming years.

⭐ To mitigate future risk, the Board believes it is compelled strategically to seek growth opportunities further afield in politically safe regimes and with sympathetic views toward the oil industry, without compromising the world's environmental objectives and the aim of a Net Zero target by 2050.

Over the past six months we have appointed a team of specialists who are able to provide a bespoke service in generating potential value adding projects for review and consideration. We are seeking projects that will be self-funding in the short term, without placing undue strain on our strong Balance Sheet, allowing us to remain focused on the onshore UK as our core area of investment. We look forward to updating the market as this search progresses. ⭐

Union Jack's very able technical team continue to screen and investigate the impressive upside that we believe is contained within our existing projects and we will continue to invest and agree to capital expenditure budg

The planned maintenance shutdown scheduled

for early 2024, where artificial lift equipment

⭐ capable of pumping in excess of 1,000 barrels

of fluid per day ⭐ was to be installed along with

other site upgrades, has been brought forward

and the fitting of a downhole jet pump is

currently being completed, along with the siting

of other surface equipment. This exercise is a

natural sequence in the life-cycle of an oil well

and offers a reliable method of ensuring the

continued operation and the optimisation of its

future production performance.

I was very impressed with Will Holland's presentation on Wressle of recent.

Also Fraser on twitter bought Europa to my attention too.

Bought x

Heid Oil 🛢️🔥📈@Heid_oil

#UJO @UnionJackOilplc David will have to be very prudent now with his cash pile if West Newton not funded

I guess the buy backs will stop an I doubt we will see another dividend this year

All imo.

Malcolm Graham-Wood @mgrahamwood

I think I make it perfectly clear. It will be a last resort to go to partners

Heid Oil 🛢️🔥📈@Heid_oil

Shore Capital don't exactly seem to be pulling in any institutional investors for Union Jack.

Heid Oil 🛢️🔥📈@Heid_oil @mgrahamwood thanks for #RBD @ReaboldPLC blog re West Newton

You have left #UJO @UnionJackOilplc investors in a quandary over whether there will be a placing to fund West Newton ? David's past interviews stated he would not take more of West Newton ?!

https://malcysblog.com/2023/09/oil-price-reabold-resources-and-finally-2/

Hopefully with oil price rising Shore Capital may be able to bring in some new interest as energy stocks catch more attention too.

They have enough growth with their existing assets.

if we win Biscathorpe that will be drilled next year. West Newton...Keddington...Wressle.

We have top quality assets there.

With oil price rising we need to attract new investors to boost the share price. Everything else is lining up very nicely.

Though the rise in oil price will have positive affects on UJO share price I believe that there are many catalysts to come an the slow rise we are seeing is due to this. I am very confident in Wressle flow rates resuming an excited to see the numbers. I give credit to William Holland from Europa for his presentation an explanation on the jet pump. Also, I put my trust in the experts here an the RNS wording from all partners. Per Mark to me :

"The works at Wressle (which have been in planning for a while) won’t impact any other planned operations.'

Which brings me nicely on to Keddington. The drill is still planned for this year an the operations at Wressle will not hinder this. UJO have a 55% interest in Keddington an with oil price testing US$ 91 this will be welcome revenues.

I would like to see share buy backs resume after the half year report if not what confidence will investors have to invest in Union Jack Oil themselves. I would say keep them nice an steady this time.

Egdon will delist 13th September an George Yates with a nice fat cheque book will be welcome. Having said that I think Mark an his team do a fantastic job operationally an they will continue to do so at Wressle, Keddington an , fingers crossed Biscathorpe next year.

Malcy says his blog will be out this week an I look forward to reading that . I did get positive vibes speaking to him about his meet up with Stephen an Sachin.

This is never a clueless board as David an his team have taken years to put together this portfolio of assets enduring planning meetings an appeals to fight for where we are at today. Hardly blind luck to hold 40% in Wressle which has been transformational for all partners financially.