Member Info for Heid

Do you really believe there will be a drill at Wressle in 2026 targeting the Pennystone Flags?!

David was RNSing side tracks at Keddington for years an that never happened.

Egdon are renowned for being notoriously slow with everything an we know how these oilers like to ramp whilst claiming inflated salaries.

32 days now since Sark was spudded......

Very out of character for these drills in the USA ?!

31 days now since Sark was spudded......

Https://www.abruzzolive.tv/emergenzambiente/trivelle-gas-bomba-riunione-sindaci-it37950.html

'....rumor has it that the Prime Minister's Office could take the final decision.'

Itsawrap,

LN Energy , and the mayors of the municipalities in the area involved had a meeting yesterday regarding the emissions that will be generated by the final use of the gas.

https://chiaroquotidiano.it/2025/09/12/gas-a-bomba-forum-h2o-4-milioni-di-tonnellate-di-emissioni-a-causa-del-progetto/

'The matter, therefore, is not over. The appeals and protests promise to ignite the coming months, bringing the debate back to real numbers, not slogans.'

https://www.abruzzolive.tv/emergenzambiente/trivelle-sul-lago-di-bomba-confindustria-festeggia-e-chiude-accordi-ma-il-territorio-non-ci-sta-disastro-ambientale-spacciato-per-transizione-it37941.html

Sark is 65% COS of moving the hydrocarbons so if that is an Andrew's mark 2 you gotta question throwing more money at Crossroads being lower at 40% COS ?!

RNS Monday ?! Dragging on a bit David.

Maybe Craig will buy some more Union Jack's with the Sark situation ongoing at 28 days since it was spudded and still no news ?! ?!

Kim_clay on ADVFN :

Sark required deliverables.Cost $1.1mm to UJO.To repay this amount in 1year requires the well to flow an AVERAGE of about 100 bbls/day for a year. Given that these wells decline, to date quite rapidly, then it'll probably need to kick off north of 150 bbls/day. Avoid the absolute open hole flow rate numbers if mentioned, rather Pay attention to the "highly constrained" test flow rates , ie the probable oil production number from a completed well.

Sark

27 days since it was spudded and still no new ?!

Kim should get a job in the oil an gas industry..so clever.

Interesting presentation but not current. It was pushing the 620bbl/day headline number for Mocc. It's caveated with Average Open hole flow rate. To most non oil and gas folk it could be confused as a likely sustainable production rate, which it isn't. Most countries regulate the rate you can flow at to a number which maximises total production and/or doesn't damage the producing formation.. . "Open hole flow rate in oil production refers to the rate at which oil moves from the reservoir through an uncemented, open-hole completion into the wellbore,"It's the theoretical maximum flow for an uncompleted well, and simply indicates that reservoir has decent porosity and permeability and is capable of flowing hydrocarbons into the well. As an analogy: You have a car capable of a theoretical top speed of 140 mph. Constantly running 24/7 at that speed will simply damage the engine and it won't last long before it becomes damaged and inoperable. What you need to understand is what is the speed it can travel which maximises the life of the engine, and that calculation is much less and may be 40 mph, declining as the engine gets older. 140mph may be a great sales pitch, but it's not a measure of its long term economic performance.

kim_clay

I do enjoy kim's blogs on ADVFN...says it like a pro..

Sark required deliverables.Cost $1.1mm to UJO.To repay this amount in 1year requires the well to flow an AVERAGE of about 100 bbls/day for a year. Given that these wells decline, to date quite rapidly, then it'll probably need to kick off north of 150 bbls/day. Avoid the absolute open hole flow rate numbers if mentioned, rather Pay attention to the "highly constrained" test flow rates , ie the probable oil production number from a completed well.

kim_clay

Meanwhile over at West Newton:

https://consult.environment-agency.gov.uk/psc/hu11-5da-rathlin-energy-uk-limited2/consultation/view_respondent?sort-order=submitted-descending&uuId=435970072&fbclid=IwY2xjawMtFW1leHRuA2FlbQIxMABicmlkETFDbVFHRlhuN1BtYUpEQ2lWAR5TKV94XABc0IdppJuMyjiz_b7iakKnkTcJyzSZ1GpVLe52vHYjIGUXrErLwA_aem_8G8v4croFcSTvL1_hrI8KA

The photos mean absolutely nothing where the share price is concerned.

Interesting chatter on ADVFN regarding Wressle:

The reason they can't simply perf the other formation other than it requires NSTA approval. is that the well is not ideally placed to recover a reasonable amount of oil/gas from that formation, it will probably also require a perf squeeze, based on the limited flow rate on the original test. The additional recoverable reserves numbers they have published will relate to the expected recovery from the PStone based on the location of the new well or wells. So it's not simply a case of choking it back to 800bbls per day (it's mostly gas anyway ) and it'll need a pipeline to go somewhere, which also needs permissions. Etc etc ... Europa has pre sold 15% of their revenues from this well bore (but not the new ones) so they're not likely to agree anyway.

ADVFN kim_clay

lager the elephant in the room is that neither Europa nor UJO has the money to do anything at Wressle. Europa may be able to raise financing if the share price recovers on the back of an Antler farm-out but ujo is screwed because it cannot raise less than par value of 5p

ADVFN likeawalrus

Do people really need to see more of these posts or do they want to get their money back at least ?!

It will be interesting to see where the share price goes in another six months from Mocassin's drop of 12p to 5p ?!

Just saying...

Union Jack Oil plc

@UnionJackOilplc

·

4h

#ujo $ujo

Further images of our operations continuing at our Sark well 💪

https://x.com/UnionJackOilplc/status/1965347969919844637

A 'significant' producer!

Shaun @Shaun57568976 Mar 6

Misleading for uninformed investors and newcomers to quote initial flow rates. Naughty. But you know that.

Https://x.com/UnionJackOilplc/status/1897238887962951978

Apologies.....12p

Union Jack Oil plc

@UnionJackOilplc

·

Mar 5

#ujo $UJO #ujogf #OTCQB

Initial testing of our Moccasin well recorded 25.88 bopd equating to 621 barrels per day. Presently highly restricted under a 13/64 choke, the well has produced oil with an API of 32 degrees and will be further restricted to evaluate the maximum recovery rate. Oil is free flowing and confirmed a 'significant' producer!

Oil sales have commenced and the company expects to see material revenues from this well.

Malcy versus Likeawalrus ?

You decide.

Likeawalrus on ADVFN said:

overall the investment case for OK jvs is very shaky.

- Andrews 1&2 have declining gas and zero oil in June.

- Diana drill due Q3 and then Q4 2024 has disappeared off the radar

- Talyor was an expensive duster

- Moccasin maybe 30 bpd net to ujo

- Sark Crossroads and Wolverine are likely to be more of the same

How many dusters, dribblers and strippers will it take for Bramhill to accept that further investment in OK is a mistake?

...the ramping

During February 2024, the Company signed a farm-in agreement with Reach to acquire a 75% interest in a high-impact well, Diana-1, planned to be drilled in Q3 2024, to test the Footwall Fold Prospect in the Wilzetta Fault play,

Typical wells drilled in the Wilzetta Fault can produce approximately 250 barrels of oil per day providing pay-back within three months.

...the reality

tumbleweed