Member Info for reaction

https://www.lse.co.uk/rns/EDR/coronavirus-covid-19-and-trading-update-bc4xjfabhef74qb.html

EDR to focus on Wressle.

Yes quite right Uggy100,point taken. But I must say I do feel very positive about the fact that the 14 day notice was submitted and now fulfilled. News could land any time now for sure. Just need that Red dot. Must be soon. ooooh the anticipation.

I note a significant discount in the UJO sp relative to assets and the the positive results those assets have seen to date.
More immediately I note the 14 day notice with regard to West newton has passed, and that works may now commence.
This EWT can not be done from home. Safe distancing will apply as with any job in the land. What matters is that the EWT may now proceed. As always the operator will ensure safety for all people involved I am sure. I would love an RNS.
https://www.rathlin-energy.co.uk/latest-update/

Another very positive RNS. Fabulous news. An inexpensive side track soon.
Once the sellers/stop losses have been cleared we should see some decent recovery in the s/p.
That is very good positive news today. Any body suggesting otherwise is quite clearly on a mission/agenda to slate a good company out of malice/hatred/spite.
The future here is fantastic and nailed on now.
Marvelous opportunity.

We are so lucky not to be in production at Wressle as yet. If the well had of been pumping and we had to turn of the taps/reduce production we could have seriously damaged the well/water ingress and the like/problems various potentially. We might not have been able to get it going again. I am as contented as I can be under the circumstances to just prepare the site for now, and then produce at an optimised flow rate without interruption so as not to damage our well.
Oil storage globally seems to be disappearing fast.
Forward looking I can see a very strong oil price imo because a lot of the industry are cutting investment plus many wells will not restart. This is turning into the perfect storm from a timing point of view for UJO ONSHORE !
Tin hats time.
We will be in a marvelous position once all the restrictions are lifted. Every cloud and all that.

https://www.pmlive.com/pharma_news/novartis_donates_malaria_drug_for_covid-19_clinical_trials_1329794
Just for balance. There seems to be mileage in what President Trump has said. But also there seem to be no guarantee. Good to see progress though. Glad the medics have some thing to use against Covid 19. I bet they are keeping a very close eye on the global testing.
Hubei province lifting all travel restrictions today. That sounds positive.

The costs are covered for the oil test and in line with previous figures. With out wanting to sound in any way opportunistic (For balance I do invest in the stock market), with all of the massive needed and welcomed measures that HMG are taking to to get us through the covid virus, imo I can see world oil prices going up to and above $150 a barrel. All world Governments will need to be able to have a means of recouping all of these billions of Dollars of easing. Once we all return to work and start consuming oil again I think we are going to find ourselves in a very lucky situation. UJO U.K on shore. And the Government needs the Money now more than ever,don't we all. Then lucky us, I think. As has been stated our target price with SP Angel is 0.70 pence per share at the moment, but may well prove to be very conservative. I genuinely could not agree more. HMG will re balance the UK'S deficit over the coming years.
http://unionjackoil.com/wp-content/uploads/2020/01/UJOWressleLATESTsw.pdf

Excellent news day on day.. GLA.

This will pull away fast now imo. Well done if you have managed to get some. EWT due/Wressle due. A massive oil column plus gas. Fully funded across the board.

Hi MickyBee, They do make Money if you are in discussions/preparing to sell the empty field. Oil and Gas does take time we know that. I really do think there could be more to this than meets the eye after all this time.. One of the RBD directors is getting involved with EOG. Perhaps he is looking for a new position for some reason. I can dream. Best of luck. lol.

Positive RNS from RBD this morning confirming that they do indeed intend to use the monies raised for the purposes they were raised for. Good/pleased to be advised by RBD that things are on track. Hope for a better day for all concerned.

Sorry wrong board.

Positive RNS from RBD this morning confirming that they do indeed intend to use the monies raised for the purposes they were raised for. Good/pleased to be advised by RBD that things are on track. Hope for a better day for all concerned.

RBD seriously dropping now. That's what happens when you raise cash and just leave it in the Bank/fail to invest it into the company. The market hates it weather it is RBD/ UJO or any body else. A definite understandable loss of patience from the market now. What a great shame.
On a plus note at least UJO have spent £200,000 into the company. Not much but at least it is some thing.

We could really do with the anticipated RNS from Egdon resources to inform us that they have indeed made a cracking deal to move Wressle forward. What an absolute blessing for all the partners at this point in time. And time waits for no one.
Come on EDR what have you managed to negotiate !
"The perfect storm"

I would like to think we could be looking at buy one get one free back to back wells at West Newton.

The article is a few months old, but even more relevant today. Every cloud and all that.
https://www.bbc.co.uk/news/business-31581511

Forward looking good move by UJO today. Good value there.
Although the the price of oil has gone over a cliff ,on the plus side it should kill/guard against inflation,stone dead.

The desperation of the derampers on this board is pathetic and embarrassing . If people are swayed by their self indulgent clap trap,then more fool them. Don't know if it's down to jealousy or fear or simply nothing better to do. Disruptive swamp people some on here perhaps.