Member Info for Heid

I would add that the windfall taxes over the decade will be bullish for the oil price, as supply tightens, an the windfall taxes deter companies from production.

David to Charles Archer ...

UJO’s interests are entirely UK-based. Will UJO as an onshore-based company be affected by the UK government’s windfall tax regime, which could well become even more punitive as BP and Shell report record annual profits? Do you think the country risks discouraging investment given Harbour Energy’s reaction?

Yes of course, as you know the “windfall, tax” (Energy Levy Tax), in my opinion, is very punitive. 2022 results for the year ended December will see from the end of May only and should not be that material, relatively speaking – so we will have to wait a full year before the total effect on 2023 results will be known. However, Union Jack has an active drilling and development programme planned for 2023, and beyond, therefore our spending which can be used as OPEX (100%) and CAPEX (especially CAPEX at 120% should go a long way in mitigating our tax liability going forward.

To answer your question – yes, I believe that this tax, without a doubt, will affect negatively investment in the UK oil sector. We are already hearing the rumblings of the majors and mid-caps. From a personal view – why the oil sector and not all profit-making companies.? I guess we all know the answer to that. Finally, one could argue that it is a good position to be in to be able to pay tax on profits.

Thank you EaglePI

An all will be revealed shortly....

I look forward to Ruth Hayhurt's complimentary write up on Wressle.

Considering your mate Tom Winnifrith posted about 'cash issues' for Union Jack Oil an I am posting about 1200 BOPD PLUS from Wressle, in a notably bullish oil market, I know who I would rather listen to here , JustBe.

I look forward to updates via RNS or photos on the Union Jack Oil twitter page.

I say Elli, Olga an Steffi are now commissioned an pumping away, giving it some girl power, an the oil is flowing like a goodun at Wressle.

1200 BOPD Easily imo.

"Colours of Wressle..Spice up ya revenues

Hai, si, ja! Hold tight! "

Heid @Heid_oil

Oil *an gas Investor in multi year bull market

Fossil fuels will rule for decades

Buy undervalued, quality, small cap oilers

1 Following - UNION JACK OIL
1,930 Followers - Numbers rising. Thank you so much . X

* Especially for you johnb777... I have changed my profile description to ....Oil 'an' gas

I havr tweeted an interview with Sohaib Abbas an Alex Verge, CEO an president of Journey Energy.

Sohaib has done so much on social media for companies an the Canadian Oil Mafia. Alex says in the interview how social media now reaches more investors than he could ever have achieved travelling miles to road shows. Sohaib is lovely. This is his twitter .. @sohaibab9 . See the photo of him with Eric Nuttall ! Well, Sohaib told me once on direct message while we were chatting the reason why Eric bought him dinner one day an how they have remained life long friends... it is a great little story.

Sohaib's interview is captivating sharing Alex's experiences from University to becoming a very successful Oil man. For us in Union Jack Oil I found it very interesting an learnt plenty as they discuss Junior oilers growing to Mid Tiers an making money through the drill bit. The Importance of acquisitions. Alex's views on the direction of the oil price an so much, much more...

https://twitter.com/Heid_oil/status/1629108760881897473?s=20

'bionicdog' on ADVFN also known as 'bionic-Chihuahua' is just a snappy little dog. Certainly not the Rottweiler it believes it is. Runt of the litter.

Keep posting EaglePI

You are a legend.

Respect.

Stephen & Sachin Rule..

VIVA REABOLD !!

H x

I tweeted that

:-))

Get the word out.

Yes, Union Jack are bringing in a very large income now that is only set to increase.

To take us to a mid tier company you do not sit still an you keep planning. That is my belief why the shares are being left in treasury for further acquisitions.

'If you can't afford food, work harder': Backlash as Environment Secretary Therese Coffey says anyone who is struggling with cost-of-living crisis should take on longer hours or get promoted if they want to feed their families'

Have any of you protestors got no conscience. This is what Greta Thunberg has created with her brain washing green policies an what you are fuelling.

You are not invested Monster666

Oil is the best commodity. Wressle is the gift that keeps giving us the gold.

I am sure Ruthy has her pen nervously poised for the Biscathorpe result...

I say Oil will hit 100 $ H2 2023
I say Biscathorpe will be won at appeal
I say Wressle will easily flow 1200+ BOPD Ashover for now with C65's doing the do

Stephen an Sachin are presently studying the Pensacola/ Zechstein data in readiness for West Newton drill this year. Confident ? Yes ! I am

And all you can talk about is treasury shares. An again there lays a positive, as I posted earlier..

TEN recommends for persimmon/ bionic Chihuahua from ADVFN

That's pretty cool for me.

Never mix with the crowd, standout like a star. You have a louder voice.

I do not believe David will cancel the shares to please a few moaners on this board.

The sells will start to dry up. Nice starter rise today.

Leave the experts to deal with the financials of the company.

Broker Bramhill chomping away.
Sat in treasury for fun some day !
A small share of the pie for me
Soon be my TV...you will see.

Ha ! Ha !

There was a young girl called Heid,
She had an incredible ride.
She started her twitter as a joke.
Got abused by the grass munching folk.

She spoke to some great people too.
Who saw Heid from a different view.
Chris Oil, Alex an CJ were a click
And Olivia Oil was an industry *-ick.

Heid knew Union Jack Oil was the best,
Tankers galore ahead of the rest.
As the revenues continue to grow.
David Bramhill is the best CEO.

Fast forward to now an what can you say.
Next week will be another cool day.

Treasury stock is often a form of reserved stock set aside to raise funds or pay for future investments. Companies may use treasury stock to .... READ THIS BIT >>>"pay for an investment or acquisition of competing businesses."

So David may be on to something.

Trust in the management an the advisors.

We are all to ready to be armchair CEO's