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Union Jack Oil (UJO) issued announcements headed “West Newton Well Test Operations Update.” Unfortunately, they contained no news regarding the well test and investors are starting to wake up to the reality that West Newton perhaps is non-commercial. Reabold in particular is one that I’ve warned about continuously in the Sunday blog over the last couple of years and its share price is down over 90% from 1.7p to 0.165p
Union Jack Oil (UJO) issued announcements headed “West Newton Well Test Operations Update.” Unfortunately, they contained no news regarding the well test and investors are starting to wake up to the reality that West Newton perhaps is non-commercial. Reabold in particular is one that I’ve warned about continuously in the Sunday blog over the last couple of years and its share price is down over 90% from 1.7p to 0.165p
their famous one liners:
. Directors haven't purchased any shares.
. Placing coming.
. Consolidation rinse and repeat.
. No RNS must be bad news.
. The company's going bust.
Lets see if they can add anymore...
Sitting on support..
blob:https://deal.ig.com/3d57f02a-f7c9-452d-a462-81b35d976a2b
The Gatwick Gusher has produced the highest flow rates of any onshore wildcat well in the UK matching the kind of levels normally seen in the North Sea.
The flow test results are outstanding, demonstrating North Sea-like oil rates from an onshore well.
Studies have suggested that there are reserves of around 10 billion barrels under Horse Hill.