Member Info for Number6

BMD is I'd say the front man of the Twitter gang who manipulate a share/share price or at least try to by any means possible. Broker Man Dan, Steffi, Chris Oil, Tom Winnifrith plus a few others always seem to be about at times like these
The fact is, nothing has changed other than the sp. There may be a placing but, that's nothing new. The rig may be arriving later today or early next week and WN will once again be flying high.
Wressle coming online soon too.
It's all good as far as I'm concerned.
Gla

I personally would like DB to explain what's been going on here and to clear up this fiasco.
The mm's then need to rerate the sp back to where it was.

... in an ideal world!

We don't know what has been going on behind the scenes.
The **** could be about to hit the fan for those involved with the placing.
The next rns could make interesting reading.

I don't know.

Can a placing be pulled once the forward selling has taken place?

I suspect that this leaking business is partly beyond DB's control and more to do with the underhand methods deployed by the 'Twitter gang' and their connections with the ujo broker/PR team.
I'm sure DB will be doing what he can to deal with this breach of confidentiality. I don't think DB is completely to blame here but, he is the CEO and therefore must now take some firmer action since this has happened twice.
I have full confidence in DB and believe him to be an honest CEO that will in time deliver value for shareholders.
The swampies and Twitter gang have recently gained the upper hand and brought down the sp but, not for much longer IMHO.
Gla

My guess is, that a placing announcement is on the way. However, I suspect that behind the scenes there may be much trouble and argument over the leak.
I hope DB is able to take some action this time and maybe even name and shame the culprit, if that's legal?

So, is there a placing coming or not?
I'm left a bit unsure after reading this RNS several times over. It's poorly worded imo.

The sp will rise back up towards 0.30 and once again there will be a fresh deluge unhappy posts from folks who missed the buying opportunities at these lows.
Its the same old pattern.
Placing or no placing, I'm holding but, adding where I can as I'm confident that Wressle will flow on time and WN will be a fabulous success.
Then its Biscathorpe and equally exciting NORTH BROUGHTON ..... wait and see!

It's funny how the sp dropped like a stone from 0.30's down to 0.185 and then we get to hear about a possible placing. Typical!
However, I'd rather have a placing now and before all the good news starts arriving than a placing later.
Also, don't assume that a placing means that the sp will fall. That's not always been the case with ujo.
If the placing is partly to buy more of Wressle then I reckon the sp will rise.
Imho

If there is a placing at this point in time then I'm sure it will be for a very good reason. Could be buying another chunk of Wressle.
Judging from the sp action recently I would guess that any placing would be c0.18p.

I didn't catch the bottom of the tree shake but I'm happy I took advantage.
This was a classic tree shake and should hopefully be a sign of very good news coming soon.
Gla

Hold for news now, either Wressle or WN RNS coming.

here you go Selfish DYOR....

https://youtu.be/l7_v0UXBg-0

selfish

1,000 barrels a day from Wrestle is not BS as you say according to David Bramhill.

Please listen to his Proactive video... Union Jack Oil 'has all the right ingredients for a highly positive 2020' - David Bramhill
(you'll have to search for the link)
David clearly states that initial production is restricted to 500bopd but, could easily be 1,000bopd.

As ST has just pointed out, I think UJO now hold a 40% stake (although I'm not sure if it's been legally completed yet) anyhow, it's more than the 27.6% that is still being quoted on the ujo website.

Once Wressle is commissioned and in production, it is expected to result in an initial constrained production rate of 500 barrels of oil per day gross, or 200 barrels of oil per day net to the Company.

They plan I think to double this to 1000 barrels a day, permissions allowing that is.

But, yes you are absolutely correct, very significant and a game changer for ujo.

If WN comes good then who knows, ujo may buy out Wressle 100%.

Imho

I think you need to do some research.

No oil flow at WN does not = raise funds to keep the lights on.

UJO have Wressle coming in to production soon plus, other prospects too. Take a look.

If this is your cynical view then why are you here? Go and invest your money elsewhere.

... and UJO doesn't raise funds to keep the lights on as you put it.

Sp took a dive but, seems to be on the rise once again.
I'm wondering if the mm's have manipulated a small tree shake ahead of some good news coming.
The initial drill should hopefully be completed by early next week. Casings cemented and then the arrival of the main rig.
Imho

A good size trade, 19 million, posted at the session end this afternoon.
Buy or sell ?