Member Info for reaction

Well if the placing is voted through and I suspect it will be. That tells me that the ii are prepared to pay a substantive premium against todays price to buy that amount of volume in one massive chunk at that sort of premium (40p).
I think this is a massive tree shake to take even more shares from concerned PI.
imo the institutions want as many of ODX shares as they can get their hands on.
They are relay going to town on this one. Tells me all I need to know.

http://www.msn.com/en-gb/news/world/asia-today-indias-cases-jump-transmission-rate-increases/ar-BB16vNGG?ocid=ientp

I wonder if they will vote the 2nd tranche and open offer through on Friday. Is this not a case of Turkeys voting for Christmas.

God bless America.

Going on the figures from BP we should be looking at a good $35 profit per barrel. Our costs are less than $18 per barrel all in. That will do me.
Great to get confirmation from others in the industry that we have a very robust on shore business, as we move forward.

BP confirm they see oil price at $55 dollars 2021-2050. Marvelous ! If correct, and they probably are. Very good news for us.
UJO all onshore U.K.

Looking forward to first reports of EWT kit arriving. More people back to work next Monday. Hope we see some of them at West Newton. Might even get trucks today,you never know.
See some have been taking advantage scooping up the sells yesterday. I don't blame them.
News could land any time now. It cant be far off now.
Stay focused imo.

The original post gone ! . Need the complete thread to keep the original context.
RE: RE:RE: ujo09 Jun 2020 17:42
that doesnt make sense. Ramp comment was directed at Heid. Take no notice of her ramping waffle...

Marson01 I have misunderstood your post then. I wrongly took it as aimed at me. My miss understanding. Happens a lot on these boards.
Not that Heid needs any help from any body. imo the person is no ramper , in fact a very positive poster. Worth listening to imo. I except there are those that will disagree with my opinion.
People are just filling time while we wait.
Any way good luck in your various investments.
If your positive you are a ramper. If you are negative you are a deramper.
What we need to be is right.

Nice run last reported trade there 0.22 buy.

Hello passiton. And my point is that I said potentially worth 10 pence per share. You need to read the original post in it's true context. That is simply if u.k can go to 10 pence on one well. With our multiple wells/asset base that is far more extensive, then with sentiment and a good tail wind we are worth more than 0.20 pence on balance taking into account shares in issue (as standard). Just for clarity I never said it was worth 10 pence a share.
Hope that helps.

Just for balance under no circumstances is it my intention to imply thet any body posting here today is a moron. Thought I better say as I know how things on blog boards can be twisted about if it should suit posters agenda at the time.
DYOR GLA.

https://www.guerillainvesting.co.uk/2020/02/05/west-newton-the-reality-is-its-a-billion-dollar-oil-discovery-clarification-for-the-morons/

Hope no body misses the boat. Perhaps not potentially 10 pence a share, but even 3,4,5 pence take your pick, would be very good.
Way way undervalued here. I truly hope nobody misses out on this one.
SP should run away soon now ! GLA.

UJO have the multiple asset base to support a far far greater market cap then what it is at this opportunistic moment for the savvy investor. Look around GGP and others. Stocks can go from fractions of a pence to multiples. This is another GGP type opportunity in the making imo. It is just that this is early doors. The point we should all love to take a position I would have thought. UJO have a far broader asset base than others. Each to their own. But UJO all the way for me.
This stock is the real deal and will create some very wealthy people. imo. Chance of a life time. For those wishing to pay multiple pence that is fine by me.
How ever every one is entitled to an opinion. Mine is an early stage GGP but with black Gold.

To think U.K went to 10 pence a share on one well.
Our licence area at West Newton is 176,000 acres, that is five times the size of the U.K licence.
UJO licence contains multiple seismic targets. The Billion Dollar well they call it.
UJO have two wells drilled at W/N, both successful containing large amounts of Gas the original targeted resource , plus we have an oil column in the A-2 well. About to be E.W.T.
UJO and their financially robust partners are about to drill a further two wells on the W/N licence, B-1 and B-2. So, that's four wells right there.

Wressle is about to come online in H-2. This licence / well has the potential to produce far in excess of the constrained 500 bopd.

Oil is up from the lows. On shore costs leave a far greater profit margin than off shore.
Fully funded and debt free. Over £5 million pounds in the bank.
Looking to take on some finance to cover Wressle contractual liabilities.
To be covered from production. No dilution to share holders.

Plenty of of other assets in the portfolio to include producing ones. Take a look.

If I had to pick a stock that is potentially worth 10 pence a share it would be UJO.
I am going to fill my boots my shoes my sandals. Hell i'm even going to get my self a pair of waders.
This is just bonkers cheap. How ever it is what it is.
I shall leave it to the individual of course to determine just what the real deal is here.
It shouldn't be to difficult. 0.20 pence a share. Absolutely bonkers imo.
The real deal UJO, potentially 10 pence a share. When compared to much smaller one well operations that have hit 10p.

What a fantastic future the holders of UJO stock have. A gift
DYOR, and the best of luck.

Fabulous acquisition. I am so delighted with UJO team.
A choice of financing with profits to support said financing. No dilution to share holders. Tax deductable.
A choice oh what it is to have a choice.
They get my vote for sure.

Where will we finish today. Where will we open on Monday. I wouldn't want to be out of this over the weekend.
David Bramhill, Executive Chairman, commented:

"My confidence in respect of Union Jack's future remains highly positive.

"The Company, during 2019 and to date, has advanced its key projects, and seen drilling and appraisal activity, supported by technical research input from our very competent technical team, resulting in an accretion in asset value and providing clarity on the next steps towards commerciality.

"I have no doubt that, even in these difficult times, given our attractive projects, we will achieve our goal of increasing production materially and becoming a significant mid-tier UK onshore producer in the medium term. In the meantime, I am certain that the news stream arising from the ongoing progress of our endeavours will vindicate our optimism in respect of our licence interests.

"Union Jack's wider asset portfolio is well balanced with the relevant components of production, development, appraisal and discovery and we are fully funded for all our planned commitments going forward.

The future of Union Jack remains bright."

Great research passiton. The figures are awesome there. Takes some getting around the head. UJO have certainly suggested such approaches.
Thank you for your post.
I think at the very least we can look at our flow rates and double it for luck. lol.

Yes (8000-10000) bopd may be way over indeed as I was saying I was only going on what most have probably read else where. That these horizontal wells can increase production massively up to these amounts. Yes no doubt would depend on well pressure porosity and lots of other things. But I do think that Staighttalker has presented my own thoughts better than myself.
I don't the amount they could get to flow but from what I have read on the internet it sounds as though it would be worth while.
Great to see things steadily moving forward.