Member Info for Heid

You all had your chance to vote in the nicest man in Kamran Sattar.

I dont know why you didnt.

Https://youtu.be/X4RDB-mMDJg?si=LZe6HVZOnoziMT71

Beats the Bee Gees, George. Turn it up for David. 😂😂

'Shore Cap analyst James Hosie, in a note, highlighted the company’s prior success in the American state, with the Andrews wells drilled last year.'

https://www.proactiveinvestors.co.uk/companies/news/1065302/union-jack-oil-to-significantly-de-risk-oklahoma-opportunity-if-next-well-tests-impress-1065302.html

Milnrowmug...sorry if I talk sewage n it is too deep to wade through but I get confused with some of the detail here in interviews an RNSs that do not add up to me. I am not a paid blogger so take time to digest. Apologies.

Zoom Zac Philips :

' The threshold for commerciality is exceptionally low which means that our experience to date an our successes to date have been very commercial an we enjoy significant cash flow from those assets "

David, do I have to tickle you to get the answer out ?

I can not see the Andrew's wells being paid back for years, if ever if they dry up plus oil price dropping.

SIX MONTHS ??? Is this correct ???

USA Corporate Update 19th Aug ....

Since the commencement of activities in the USA from a standing start in early 2024, Union Jack has made significant progress in building a cash generating hydrocarbon venture and establishing a new corporate "North American brand" complementing the Company`s already successful oil production and development business in the UK.

The directors are delighted with the rapid progress made in the year-to-date and we are already generating and banking oil and gas revenues from the Andrews field where payback is expected on the Company`s initial investment within six months.

Whats ya glass looking like for Union Jack's main asset , West Newton, with the options about to expire for Reabold's Colle Santo ?! You would have thought Sachin, as the new director, would be in the know ?! I wonder what he is being paid for that new role ?! Note West Newton still needs funding to take it in to production ...

At the beginning...every word they said as professionals. I also thought the RNSs had to be concrete an if David said he was confident in something, again I trusted him.

How many times will Zac Philips say creating shareholder value in his presentations ?

How many holes does Malcy's bucket have in it ?

110% the smartest one here David.

Proud of you an so is George.

An rightly so.

"I am pleased to report that the Company remains in a robust financial position having paid all major outgoings including drilling and completion costs for its current USA activities....

an will continue to pay mine an Joe's salary for the next year."

Moccasin RNS:

'major importance '

'major outgoings'

Remember the Andrews dribbler was a 'major success' which will take years to pay back

...but would need a placing to progress the UK Wressle Pennystones 'IF' it gets the go ahead thanks to Finch with the Ashover declining ?!

What ever it is will be sold in to. Proper snakes an ladders this is. Except more snakes than you know. Chuck the dice an hope for the best...Andrews down you go. Beacon down you go. Shorters ..weeeee..down again. Biscathorpe, Pennystones, West Newton...snake/ladder ?! I know what I am thinking.

Https://www.meetmax.com/sched/event_112349/conference_presentations.html?bank_access=0&event_id=112349

I have been relistening to Zac Phillips from the Thursday 14th, 9.15-9.45 am slot

You just have to shove in a random email to register

Incredible some of what he says an people bought in to.

My eyes are also open on West Newton. Colle Santo options about to expire for Reabold.

Stephen's December interview was interesting with his comments on what is planned, hopefullys an still needing funding.

Just think David, if they had got on an not spent money else where West Newton could have been mobilised last year. The gas is sitting there but Rathlin screwed the well.

Next question is why not a side track at Keddington as promised ? Yes, the initial rates will improve I would say but how fast will they drop off ?

I couldnt possible spend my bonds here at the moment geseppe as too many weaknesses.

David needs a real good result in the USA to cover all of his costs on these USA wells incl. Beacon an salaries to 'all'

Just looking at Pboo's figures in this thread for the Andrews wells coupled with current oil price now US$ 75 an falling, It will take David literally years to pay back the Andrew's wells alone

On top Jack Union USA has the charges for other wells needing pumps etc ; Taylor 1

No flow rates yet for Keddington that has been shut in since last May an Wressle Ashover flow rates anticipated to be much lower too.

The next set of accounts will make interesting reading with the Royalties coming in as 'pleasing'