Member Info for Heid

The fact I am still here supporting the company, shows the confidence I have for Union Jack, in this unfolding energy crisis.

I am very happy to bank my dividends as free money, an leave my holding sat there.

' and where work is ongoing on the gas to wire project.'

Egdon RNS

I do wonder if the gas to grid will happen sooner than we think over at Wressle.

Maybe Markus Abbottus is keen to get on with that side of things with Biscathorpe leaving him hanging.

That will increase revenues further too with increased oil an the gas sales.

Egdon's CPR will be an interesting read for Wressle re cash reserves anticipated

Clearly reading about EnQuest & Harbour energy, both suffering from UK windfall tax, this will affect UJO's profits too

Equally bullish as oil production will decrease over time from UK plus North Sea strikes for pay

Heid @Heid_oil



#UJO Can't progress Biscathorpe/W Newton, could be 2024 drills ?!

Bullish oil price up x Wressle (end of year more oil ) x Keddington =

Big pile of money=Dividends/buybacks/acquisition

@UnionJackOilplc

= Eric Nut'al formula

I actually disagree with your comment anyoneforcricket

The board are doing a fantastic job in growing the company an making sure that we are financially secure with us now covering all G&A, OPEX and contracted or planned CAPEX costs, including any drilling activities for at least the next 12 months.

We are of course awaiting the decision on Biscathorpe which will be a drill for later this year needing funding. Keddington, West Newton , further drills at Wressle which if successful will of course grow the company

I am very happy that I have my next dividend coming in July along side the share buy backs which are for me looking to achieve IRO 6% over a 12 month period.

I would like to see another dividend or two this year as we continue to grow our cash pike an also we have to see if there are any more aquisitions or even plans for Wressle that may need some of our cash to grow our investment there.

Next year we hopefully will be looking at even more dividends as the cash pile with the price of brent an more oil flowing will mean David can give us more dividends

There aren't many companies in such a prosperous position with plenty more catalysts to come

Heid @Heid_oil

March Chinese demand for #OIL was very strong. H2 2023 US driving season & diesel demand picks up

If #OPEC cut happens, with demand rising, it allows more spare capacity to Saudi

If energy prices increase, so will inflation, & Fed will have to raise interest rates again

#OOTT

https://twitter.com/Heid_oil/status/1643945089281015808?s=20

The Heid Oil, 'catch ya eye' range

Oil profits up = Union Jack cash profits up

I wonder what Ruthy is thinking.

We really do need to 'drill or' the inventories will 'drop '

Fascinating world....but in many ways for me here.

Next move will be the fed will raise interest rate again...its all they can do now. Raise rates an print money. Hand out stimis but this is bullish oil.

India are going mad for motorbike sales. 50% up.

Even if oil went to 120 dollars of course they will fill their bikes up. It is their new luxury.

Really a bit like you Pboo. You would still take your camper van out no matter what oil costs.

Demand destruction sits at 140 dollars

Lets watch oil tighten .... popcorn time.

You dont mention oil price much Pboo.

Maybe you are bearish ?

Oil price is now above 85$ Pboo..

Concensus seems to be 1000 BOPD ... I look at this being a bull market an do my maths over one year. Thats the divdend paid for with the rise

Now I do actually project much further ahead over two years. Do some *** packet maths on what David's accounts could look like then.

Yes we have to take off the drills an other expenses but he could be looking at something dam impressive in 2025.

The rise of oil price has paid for our July interim dividend since close of last Friday at 1000 BOPD at Wressle

All drilling costs covered

We'll have another one now then David.

"Our price forecast for $100...that's been there even before the OPEC cuts...

"Now with these OPEC cuts, that could come earlier potentially in late Q2."
--Amrita Sen, Energy Aspects

Eric Nut
·
26m
After a weak Jan/Feb (driven by weather-induced demand weakness and higher than normal refinery downturns), the "Big 3" deficit has meaningfully improved, and now sits only 4MM Bbls above the all time low. We remain bullish!

To Biden...

#OOTT | US DoE Crude Oil Inventories (W/W) 31-Mar: -3.739M (est -1.700M; prev -7.489M)
- Distillate: -3.632M (est -1.000M; prev +281K)
- Cushing: -970K (prev -1.632M)
- Gasoline: -4.119M (est -2.000M; prev -2.904M)
- Refinery Utilization: -0.70% (est +0.40%; prev +1.70%)

With Love from OPEC ... don't treat us like idiots again with your SPR sales.

Two hours to go...

I suppose that makes you the best then gran.

In fact I was trimming my bush an oil hit US$ 86...

Great for Wressle don't you think gran ?

No I do everything myself thank you. Lawns, plumbing ..woodwork you name it.

Very independent me.