Fabulous Future for Union Jack Oil18 Sep 2021 19:05
Do you really think David would place for a Royalty that would not generate a large sum of money every year ? He must have been given an excellent opportunity.
Wressle is netting very good money monthly for Union Jack Oil with potential to increase flows. David n Graham were there when it first flowed and it was a gusher. Of course the council will allow for upping production , they have seen the money in the community fund, they will want more. David knows what Wressle is capable of now and in my mind we will all be VERY surprised .. many millions of pounds per year net followed by the Pennystones being big producers.
Oil price will rise and I do see 100 Dollars by 2023. Demand will rocket. Travel is already back on in UK. Lack of investment in to Oil is a big factor as is the demand trap. Covid will no longer affect the oil price with more countries increasing their vaccines.
West Newton will be of national significance for energy security for the UK with a commercial gas find imo . INEOS , BP , Shell , Total ... take your pick which companies will be watching this result. ?
West Newton was originally about gas find and now we have oil. This is why the EWT had to be reconfigured and has taken longer, plus covid. The strategic location of West Newton an infrastructure an plans in place will make the asset very valuable., especially with energy prices rocketing an tensions with Russia. It is about energy security, jobs an the economy. This has been supported by Boris Johnson in his ten point plan. Hydrogen from our gas is the future .
And then of course Biscathorpe the biggest unappraised well which I do look forward to and has always appeared to be David's favourite.
World Renowned Gaffney Cline have both awarded West Newton and Biscathorpe 'AA' Carbon Intensity Study. I did post a very interesting podcast that I found from them a while back.
https://twitter.com/Heid_oil/status/1417818464065146880?s=20
This explains the significance of the AA rating and how this sets apart a successful oil an gas company in today's energy transition and attract big new investors.
I have every confidence in David and his team for the future here and I commend them for so much hard work that has been put in here to transform Union Jack to a Mid tier company.
This is an investment for me and a solid hold.
Of course there has been another leak, I can not deny that. You could of course have video footage held back from the sites used for a trading ie a tanker, flare or nitrogen going in. Sadly we can not stop this but must be great to have a phone a friend then tweet it .
So I look to future here and as I have messaged David, he is building a fabulous company here.
GLA.
Sign In
Follow the stocks
