Member Info for JOkingU

still showing my end.. but I doubt they're really in the account, for they have no need to be till I sell them do they. Maybe I'm just paranoid due to those days with no trades where I bought some, the matching sell would appear by magic about 15mins later.. time and time again!

no RNST it doesn't need to add 80m clearly, because it's already been equivalent 60p+ yonks ago. How did it get there then?! Can't wait for my shares to have to be bought back too, coz I'm darn sure they don't actually exist where they say they are on my screen. But sadly, for someone, I won't be selling for a while.

well, Im 40k up on my last 4 buys Heid.. so not too much for a ‘novice investor’ to worry about here. maybe someone should encourage me to sell some… ha ha.. not a chance boys!

no need to sell once the div >savings interest, and that could happen rather soon

Keep taking the pills chitty. I suppose it’s going to run dry is it. Pathetic

but the SP looks like it's climbing clear up to the sky .. very soon

looks like the trading drop hasn’t been achieved this time, with desperate attempts in words and 2*50 k ‘sells’ to rock sp first thing. Are they running out of hours before monday, when the orchestrated drop is likely to be missed for the first time.

but profitable at $17 isn’t it poo?!

well we should be getting a whiff of the fumes (from trans&poo) before the weekend then

An RNS tomorrow to wipe out those traders would be wonderful. That’s their gamble I guess.

it is hoped that the capacity to handle extra gas.can be in place by the
end of the year. UJO has a 40% share of production, currently generating that
$im a month net revenue. So we could be looking at revenues rocketing towards
$1,500 month for 2023, and that is without any contribution from the sales of
currently wasted gas. That would make a market capitalisation of £27m for UJO
look still sillier.
And then there ought to be West Newton. Up in the same Humberside area as
Wressle, this is potentially a much bigger discovery, with an emphasis now on
gas. UJO has 16.667% of West Newton where the potential store of value is being
proved up, and where there is likely to be a crucial horizontal well test in the first
half of 2023.
There is more - a sidetrack from the Biscathorpe-2 well and an exploration well to
come on North Kelsey, plus odd bits and pieces, including more around Wressle.
All of these goodies add up to a vastly undervalued package which will continue to
attract attention with a steady flow of news in the months ahead - there is court
action which ought to allow share buy-backs and a maiden dividend, with resuits
in September set to show a profitable company.
Now we have a broker upgrade with the appointment of Shore Capital as joint
broker alongside S P Angel. This is a major step forward, and while Shore is not
likely to bother too much with small investors, it ought to open the door and bring
a few institutions into UJO for the first time.
By any reasonable standards, UJO is significantly undervalued, and ought to be
trading at a multiple of the current price. That is not the first such suggestion
here, but with news of maiden profits, a dividend, share buybacks and a posher
new broker, something ought to click soon.
The cautious, of course, will worry about the oil price. It was laughable to see
some gloomy comment when it dipped from $120 below $110 recently. The mere
suggestion of oil at $100 is marvellous for UJO, and even $80 is brilliant (though
it could dent the profit projections in this report).
Nothing, though, really suggests UJO is anything other than absurdly cheap tight
now. And there is a lot in the background to suggest that perceptions

A great read Heid.. thank you!
A few bits missing but ipad allowed me to pull most of it.
..
Go, Go UJO
Please excuse me if this is getting plain boring, or too dumb to believe, or simply
seems a futile gesture - but it has to be said that shares in Union Jack Oil (UJO)
are an absolute steal at 23.5p, even after they bounced 2p higher today.
Right now, the market capitalisation is £27m. Within the past year or so it has
been twice that. It has also been half that. Yet every day in almost every way, the
business has been getting better and better value.
Think about it. On Monday UJO announced that net revenues of $8m had been
achieved so far from the Wressle discovery in North Lincolnshire. That is $6m so
far this year, indicating that Wressle is generating about sim a month net to UJO
Play with the arithmetic a little. If the current rate is maintained, Wressle could
generate about $12m by the end of the year. At current exchange rates, that is
close on €10m. We are talking net here, so most of it will flow through to profits,
never mind what modest interest It might be generating. UJO is not spending
much at the moment, and had €9.15m in cash and short term receivables at July
24.
Take that market capitalisation of £27m, knock off £9m cash, and you are left
with a company valued at €18m generating, well, let us say £9m of profits from
Wressle, and you have a price earnings ratio of two (le. It would take two years to
earn profits equivalent to the value of the whole company).
Bear in mind that UJO has no debt, just net cash. And there is a trickle of income
from oil plays other than Wressle, with no expectation of the intended energy
profits levy likely to chargeable at this company.
Maybe, you might think, that means UJO shares look cheap. So they do, unless,
of course, you think Wressle is not just an unexpectedly pleasant surprise, but a
brief burst of glory, soon to fade, with the oil in the ground soon exhausted.
Happily, that is not the case. Independent experts Gaffney Cline have been
assessing the Wressle opportunity for what seems like ages. Maybe because
things keep getting so much better, no verdict has yet been delivered. Even now
is not clear when the updating and upgrading will stop and the final analysis will
appear, but it cannot be too far away.
When it comes, the report will bear three well-informed quesses (I know, I know
- we don't want guesses, but whatever they call them, that is what such things
are in the oil and gas game). We will have three potential production scenarios -
low, medium and high - showing the conceptual production curve for the
remaining planning period of 13 years.
So UJO is talking about 13 years of oil from Wressle - and that is on what appears
to be known right now. It could last longer. There could be more (and just might
be less).
The way everyone associated with Wressle is talking now (not officially, of
course), the whole project is shifting strongly towa

i think she knows if she’s eating museli

could it be that wressle is now going to be announced similarly… and we have 40%

explain? don’t think that counts on aim does it? already been 60p.. explain

laugh Trans.. it was 60p a couple of years ago.. i know.. i bought at .31. £1, no problem!

and.. sp already been at 60p equivalent. cheap cheap.. i can hear them chirping

Remember all that time when the price averaged around .17 (34p), when none of this exciting news was imminent. 34p is base smile point! strong BUY. dirt cheap!

NO!! FREE FLOWING POO.. keep up

Assuming we haven't just aquired 1.4bn share in ukog, I see their sp is down 15% on raising £1.25M. Does this mean that UJO sp should have gone up 10% every month for the past 6 months each 'raise' of 1M. Mm yes, I think so! Hope they have to start buying back the borrowed shares sometime soon! Come on Santa, pack those sacks full!