Brent Oil RISING $120 Spot $124 Forward31 May 2022 15:43
Union Jack Oil has never been in a better position financially with no debt and now a profitable oil producer at Wressle.
In a couple of weeks we have our dividend/share buy back vote which I will be voting 'yes please' for. With my belief that oil price will reach $ 150 in the next few months, then higher, I see Union Jack Oil as a fantastic investment. The share price is without a doubt undervalued and has already doubled since the beginning of this year. After xmas we will also have the sale of the gas to grid which will only add to our profits. Also the choke will be opened IRO 1300 BOPD with Oil price set to rocket.
My belief is that with a horizontal well West Newton will flow commercially this time along with the gas. I said Wressle would flow and I was right, it is my opinion again. Also, Biscathorpe appeal will be a win for Union Jack and again, I believe we have something extremely special there.
I am still confident of my £1 for this year. I believe that the Gaffney Cline report on Wressle will be great and the market an bigger investors will wake up to this information when it is RNSd in due course, especially with a dividend payment on the horizon.
There are clearly some very nasty individuals surrounding this company whom you may chose to support, that is your choice.
For me David and his team are very experienced and we are in for a very exciting and transformational year.