Member Info for itsawrap

What do you not understand? The Judiciary issues daily 'cause lists', one for each type of court for the following working day. Section 8 is called "Insolvency & Companies Court List (Chancery Division)", they deal with various company related issues such as Capital Reduction requests and of course insolvencies (the clue is in the name), so once again may I suggest you follow the link and read Section 8 which confirms the timing of the court hearing on Tuesday for the decision re UJO's C/R request - it's really not difficult to understand.

the Insolvency & COMPANIES Court is the court that is dealing with UJO's Capital Reduction request - follow the link and read section 8.4 you moron

keep digging mate, you're just making yourself look more and more stupid

I never get abusive on LSE but for you Jimmybob I'll make an exception - you are a moron!

What are you on about you idiot?

follow this link and go to section 8.4

https://www.gov.uk/government/publications/business-and-property-courts-rolls-building-cause-list/business-and-property-courts-of-england-and-wales-cause-list

List updated: 26 August 2022 1:09pm
Judge - Insolvency and Companies Court Judge Burton
Time - 10:30am
Venue - Remotely via MS Teams
Type - Final reduction
Case Number - CR-2022-002075
Case name - Union Jack Oil Plc

UJO's 13m EDR shares are currently up £676k since the 31.12.21 reval @ 1.45p

fyi, the Bisc appeal was lodged on 12.04.22 - appeal date set to 11.10.22
the NK appeal was lodged on 08.08.22 - the planning inspectorate has yet to issue an appeal date

GP hopefully monetising gas at Wressle is well on the way but I cant see it happening in time for this winter as Edgon hope as I have yet to find any planning applications for the pipeline, imo I think Q2 2023 is far more likely than Q4 2022 or Q1 2023

...or maybe DB has just paid the GC bill for the R&R Report

Heid what's your prediction for the H1 profit?

I remember someone saying RNS's cost £500 a pop. re the timing Monday is a bank holiday.

great to see our $9m milestone but based on cash&receivables - 25.07.22 £9.15m & 25.08.22 £9.46m, it appears cash-burn was over £500k between milestones, further investment in WN & Wressle I guess

Highlights

· Landmark US$9,000,000 revenues generated to Union Jack since re-commencement of production on 19 August 2021

· Well continues to produce under natural flow with zero water cut

· Union Jack continues to be cash flow positive covering all G&A, OPEX and contracted or planned CAPEX costs, including any drilling activities for at least the next 12 months

· At 25 August 2022, cash balances and short term receivables stood at over £9,460,000

· Site upgrades ongoing

· Debt free

What do people want? a Special/Regular dividend or a buyback or all 3 ?

Could DB use the £2.7m from the last placing? I think he might.

hopefully the Wressle report will drop very soon, perhaps just before or just after the Interims on the 12th

"Since Gaffney Cline commenced their report, oil production at Wressle has increased by circa 45% and, accordingly their report is being updated to reflect these new positive developments and is now using a reference date of 30 June 2022. The report is currently being finalised and the results will be announced in due course."

https://oeuk.org.uk/energy-supply-crisis-uk-gas-producers-boost-domestic-production-by-26-in-just-six-months/

not directly related to UJO but this sentence caught my attention. "The news comes as the UK government looks to increase the UK’s energy security by improving the availability of reliable domestic supplies of energy."

Let's hope Rathlin is progressing well at WN and Egdon is expediting gas2grid at Wressle.

http://lincolnshire.planning-register.co.uk/Planning/Display?applicationNumber=PL%2F0052%2F22

not sure how important this is - EDR was granted permission for 4 groundwater monitoring boreholes last month

here's an interesting paragraph from the 18.03.22 Interims. 'The properties not have not been revalued since 1999.' so the current value of the property portfolio is anyone's guess. imo JDW should revalue the portfolio about every 5 years, any thoughts?

"As at 24 July 2011, the company’s freehold/ leasehold split was 43.4%/56.6%. As at 23 January 2022, as a result of investment in freehold reversions (relating to pubs where the company was previously a tenant) and freehold pub openings, the split was 67.8%/32.2%. As at 23 January 2022, the net book value of the property, plant and equipment
of the company was £1.4 billion, including £1.1 billion of freehold and long-leasehold property. The properties have not been revalued since 1999."

rnst, it was very kind of you not to use "axiomatic", the poor girl's brain would have exploded

"Just from what we know, in the next three weeks we will have the West Newton CPR, possibly the Wressle extended reserves report. " tac 4th July