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Ezhik
I met with Steve Sanderson and had a vist around Horsehill in the days when you could make money on AIM
Look where UKOG are now.
These CEO's all tell a good story.
Wish you luck with your investment but needs a 100% increase to get back to the Sept 2023 price.
What a great investment DB made in Beacon
How to invest £650,000 and in less than 5 months loose approx £325k
Heid also ramped and bought shares in Beacon Energy because DB also did and she also lost money.
David Bramhill, Executive Chairman, commented: "In line with our stated strategy to seek growth opportunities in foreign jurisdictions with politically safe regimes, we are very pleased to declare our initial investment in Beacon. We consider the investment to be a good use of capital generated from consistent cash flows principally from our flagship asset at Wressle.
"We have met with the management of Beacon and are familiar with their onshore assets in Germany, which we consider hold impressive scope and upside potential for both the near and mid-term.
"Without doubt we see a synergy between Beacon's and Union Jack's modus operandi and we look forward to the results of what appears to be a very encouraging and value accretive work programme going forward, including the testing of the Schwarzbach-2(2.) well."
What a great investment DB made.
How to invest £650,000 and in less than 5 months loose approx £325k
Heid also ramped and bought shares in Beacon Energy because DB also did and she also lost money.
David Bramhill, Executive Chairman, commented: "In line with our stated strategy to seek growth opportunities in foreign jurisdictions with politically safe regimes, we are very pleased to declare our initial investment in Beacon. We consider the investment to be a good use of capital generated from consistent cash flows principally from our flagship asset at Wressle.
"We have met with the management of Beacon and are familiar with their onshore assets in Germany, which we consider hold impressive scope and upside potential for both the near and mid-term.
"Without doubt we see a synergy between Beacon's and Union Jack's modus operandi and we look forward to the results of what appears to be a very encouraging and value accretive work programme going forward, including the testing of the Schwarzbach-2(2.) well."
The 'Capital Reorganisation' plan is a little complicated but it is effectively a 10 to 1 consolidation and was announced a few days ago:
10 to 1 is pointless as shares will still be in the billions.
100 to 1 would be far better bringing the total share back to in the millions.
Oh dear oh dear.
The following sounds very similar to the UKOG's announcement when they did a joint venture in Turkey.
Union Jack poised to complete Joint Venture agreements with Reach Oil & Gas, in respect of a number of value accretive, exploration, drilling, development and potential production ventures in Oklahoma, one of the highest ranked hydrocarbon production locations in the United States.
Site visit completed, UJO's own technical team have given approval, terms are being finalised.
Two material drilling programmes planned, first well being drilled early Q2 2024
UKOG
UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that it has signed a binding heads of agreement with Aladdin Middle East Ltd ("AME"), an independent oil company with 60 years of operational experience in Turkey, to take a 50% non-operated working interest in the 305 km² Resan Licence ("Licence"). UKOG will take an active technical role in a 5-well oil appraisal and step-out exploration drilling programme, which, Covid and weather permitting, is expected to commence this year.
What happened to Tapoil that bought Reach Oil & Gas.
Acquisition of Reach Oil & Gas Limited
BUSINESS & FINANCE
July 4, 2011
Trapoil announces the acquisition of Reach Oil & Gas Limited (“Reach”) for a total consideration of approximately £30 million (£20 million in cash and approximately £10 million in new ordinary shares to be issued at a deemed price of 43 pence per share). Reach’s two wholly-owned subsidiaries, Reach Exploration (UK) Limited (“Reach UK”) and Reach Petroleum Limited (“Reach Petroleum”) (together, the “Reach Group”), currently hold mostly carried interests in a total of 14 exploration licences governing 24 Blocks and part Blocks in the UK Continental Shelf (“UKCS”).