Member Info for Heid

The only shame is that you still frequent these board persimmon

But as has been noted much of your possy is slowly loosing power here....

Happy Days...

Wrong.

My £1 + prediction is on course for Wressle. Bloody brilliant that asset.

My £1 prediction for West Newton is still all to play for. Rathlin will return when they are ready. We won the planning...massive victory...

My £1 prediction for Biscathorpe is all still to play for. We will win at Appeal. Graham Bull will deliver.

persimmon...

WHAT are you going on about ???

Why are you posting information to scare and misinform this board.

Rathlin have work to do to prep for West Newton and then they will return.

Why the codswallop rubbish.....honestly.

Hamilton Peter ... I am glad you are there. I tweeted Ruthy earlier ...
@ruthhayhurst Please could you do me a favour and update @JacobLBirch that a decision notice has now been published for both West Newton's planning applications as 'Approve.'

Drill and Drop informed by @Heid_oil

#WESTNEWTON

https://twitter.com/Heid_oil/status/1508807037689516036?s=20&t=XvDTjs9ODLFnPTcl7hfRXg

Birchy's twitter is locked.

My pleasure.

I do not believe there is a legal restriction for opening up the choke, more a case of not stressing the well and what is the best optimum.

My understanding is that we are free to increase storage at Wressle along with daily tanker collections.

That flare from Cuadrilla is a beast and capable of dealing with 'lots' of gas.

I said once before that pound for pound Wressle is on par with West Newton (flowing commercially as a comparison )

I hope that answers your question Ricardo2019.

UJO’s market cap is very low as is the share price with no debt.

I believe that UJO will be sitting on many years of reserves from the Wressle asset after today’s RNS which showed great confidence in what the operator and management believe/know is there. Today’s oil price is of $110 and is very profitable for UJO with roughly $1,000,000 net reserves added every 5 week’ish with a restricted choke ‘now’. We all anticipate that figure banked to ramp up as the choke is opened further.

I know the oil will go up meaningfully over the next few years from my research. The lack of significant oil growth from all over the world is over. We will be consuming oil for much longer than anyone believes over the next 15 years. The world is heading for an oil supply crisis. The oil price will have to go high enough to kill the demand... $ 300 ?!

As a smaller company UJO looks very good. I look forward to share buy backs and dividends, and a rerate of the share price. The free cash flow for UJO will be the highest on record. The risk reward thinking for me is everything looks great.

And of course we have planning approved for further wells to return to West Newton which I believe will flow commercially. Biscathorpe appeal, biggest unappraised well in UK. Keddington to tinker with an increase production and our Royalty.

SOLID BUY

Back for a snoooooooze.

£1 plus nailed on Wressle.

I just added some information to that question on twitter :

https://twitter.com/Heid_oil/status/1508707380619620356?s=20&t=ueJqOcrZsMKndUzb2fUQ3Q

JustBe to the rescue....

ha ha

Seller yesterday imo was placing shares.

Lee having a wobble on twitter.

#UJO RNS shows real confidence with expanded @GC_Monitor report being prepared for Wressle. Report could/'should', as I believe it will be impressive, attract institutional/retail investors especially with vote for a dividend/share buy back due at AGM

https://twitter.com/Heid_oil/status/1508697168525369344?s=20&t=ueJqOcrZsMKndUzb2fUQ3Q

I attached a Gaffney Cline Chart to help understand reserves more.

Extract from Malcy's Blog :

;Yet more good news from Union Jack where Wressle continues to deliver the goods to the tune of some $4m of revenues since last August. This ‘material landmark’ is good but only the start of the expansion at Wressle with all its upgrades in progress and shareholders should be over the moon.

CEO David Bramhill is rightly highly positive about the future for UJO as in addition to Wressle, itself a significant bonus, it has recently won the planning appeal at West Newton and is optimistic about prospects for both Biscathorpe and Keddington.

It is worth noting that valuation of Union Jack is surely going to become more binary as we now know that solicitors are working on solutions for the enablement of paying dividends or engaging in share buy-backs and that now as a debt free company it has the potential to join the list of those companies who distribute profits to shareholders.

In my view UJO is outstandingly cheap, apart from all of the above I think that markets will start to increase its value targets on companies that provide cheap to produce low carbon hydrocarbons that add to the domestic energy balance. In this case the shares are a lay down certainty to break out of the recent trading range. '

It is clear from today’s RNS that Union Jack Oil is in great shape and it is outdoing its peers by miles. From todays RNS is is also commendable that Union Jack is fully funded for drilling and Calmar has been paid early too.

Wressle is clearly a fantastic asset and still in it’s infancy with the Pennystone Flags yet to come. I would say Union Jack Oil is very much under the radar by retail and institutional investors as we await the much anticipated CPR / Volumetrics. My belief is these numbers compiled by world renowned Gaffney Cline will not disappoint. We have been notified regarding a vote for a dividend and Share buyback at the next AGM. When the dividend confirmation RNS is put out, it will state any shareholder holding shares on such and such a date will be eligible.
I will not be selling any of my holding that’s for sure for my dividend !
?
I see transformational times for this oiler with the Wressle asset alone making Union Jack Oil Cash rich in a multi year bull market for oil. The planning approval for West Newton was also very key and we all look forward to hearing Rathlin’s plans moving forward here with potentially the biggest oil and gas find in the UK in years. Biscathorpe appeal for me is nailed on as ‘approve' and Graham Bull's expertise will not let us down. keddington I envisage we will revisit end of this year to further increase revenues. And of course we have our Royalty.

After today's commendable RNS I would like to say many thanks to all of the management and operators who are putting in so much work for us investors which I have no doubt will reward us all very handsomely. I know that many countries are really struggling to get experienced oilers an management and we are extremely fortunate to have so many experts supporting our investment as it transforms to a mid tier company. All imo.

Absolutely no chance Hamilton.

Biscathorpe is in the bag too.

This energy crisis is only going to get 'MUCH' worse and all in our favour.

Get real.

Bumperdee Bump up this great post to see if the Heid-ernator's prediction comes true for an RNS.

I have a good feeling on this one.

https://youtu.be/pSQk-4fddDI

Good night my lovelies....x

"ever night I lay in bed...the brightest colours fill my head..."

I believe this was covered in the Faulks review, persimmon, stating that “judicial restraint” was needed in controversial cases. This “restraint” would involve the courts ....“reaffirming the fundamental constitutional fact that it is not for them to pronounce on the wisdom of the exercise of public power, instead, they are to perform the quite different function of determining whether the legal limits on the exercise of public power have been exceeded”.

In the case of the West Newton planning decision I can not see this is the case.

It is well known that in cases such as Sarah Finch with UKOG, that claimants like yourself were looking to use the full range of legal areas to shine a light on companies and projects, and to try to stop fossil fuel-based schemes moving ahead.

Judges are NOT allowed to be drawn into a discussion on the ethical or political merits of decisions. Planning court judges have specifically stated in judgments that they will not encroach on the function of the government to make political, social and economic choices.

I found Birch's comments very ignorant with regard to the UK's demand for fossil fuels and the transition to renewables. Birch is very wrong to believe that renewables are a 'win-win' over fossil fuels. We will all be using fossil fuels for the rest of our lives.

Oh yes it is !

Birch's letter is going no where.

Hahaha .... good year to come.