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"Plenty of RNSs to come this year on many fronts."
So far the RNS's have had little effect in getting the share price back to 30p after the self inflicted RNS's and the ever so predictable $1mm revenue ones, despite Daaave addressing the all issues raised here (GC report, EPL, Share buy back/Divi) in his last one. Simple fact is until he delivers the GC report nobody believes him until it's actually delivered.

So seeing as Daave reads these posts, here's one for him to address next:
If you announce a divi, do the option holders get it too?, or do you reduce the strike price by the dividend so its not so obvious? If you buy back shares will you also be adjusting the options?

They tapped them up because they didn't want to go to their shareholders when their share price was in the cr@pper.
Dave duly obliged and lent them £1mm, only to shortly afterwards raise £3mm for "working capital, talk of going concern, and Biscapthorpe for the third? time" although they indicated it was originally going to be to buy another Royalty.
The leaked £3mm raise cratered the share price costing shareholders £8mm plus and over £300k in fees, meanwhile Egdon duly repaid the loan and £150k or so of interest.
So who is the smart management here?

Gwynwin
If you're going to make comparisons with Egdon at least get your facts straight, or it might look like you're a stock promoter.
Egdon don't have any debt, just like UJO don't have any debt. There is no bank "owning it as well"
Egdon also produce high priced gas from Ceres, UJO don't produce any saleable gas.
Egdon have 75% of the revenue that UJO has from Wrestle, however the Wressle partners pay 70% of Egdons costs in running wressle (and to operate other licences). In addition to paying 40% of Egdons wressle costs UJO have to pay 100% of their own wressle costs (e.g. the GC report and any technical work they do themselves).
Egdon pay their CEO £135k a year, UJO pay £287k.
I could go on... if you are trying to point out something you think is positive then try and be factual rather than misleading.

“ We continue our work to identify the most effective capital allocation opportunities both within and OUTSIDE of our existing asset base, and which best fit within our growth plans in the context of both our own and the UK's TRANSITION goals. ”
My Caps.
Free cash now on the balance sheet.
Outside = New Acquisition
Transition = Gas
Think you’re about to buy a gas field development in the WOS. EPL means they need to invest rather than accumulate cash, over the next few years.
Just a guess, but it fits the narrative.

“The 'bright future' has nothing whatsoever to do with the SP today ” TAC 22nd July

TAC 20th July
“The fact is, the future IS bright and genuine shareholders know this”

Seems you are starting to contradict/confuse yourself.
The future was bright in 2017 but had nothing to do with the share price performance . But now you say the future is bright for shareholders, but are you saying has this has got nothing to do with the share price either?
Your mantra seems awfully close to that being pushed by the Chairman, anything you’d like to share with us?
Do you call him on the “phone” ?

Or even this ?
11th May 2020:
“Fully funded for all current drilling and well testing commitments
· Cash balance in excess of £5.5 million as at 1 May 2020”

Less than 4 months later a £7mm (leaked) placing .

I could go on pretty much ad infinitum.., but you get the gist!

Or is this more to your liking ?
22nd October 2015….

“ David Bramhill, Executive Chairman of Union Jack Oil plc commented:
"Union Jack's first venture with the drill bit has created significant value resulting in a discovery where field development leading to commercial production is anticipated during H2 2016.”

Ho about this as a starter for 10?
4th Sept 2017 “the future for Union Jack is bright”.
Shareprice 27p, today almost 5 years later it’s 21p was that a fair reflection of a bright future?

TAC
You always state you are confident, or expect or other such provisos.
Confidence is earned by consistent delivery to agreed timescales and value growth and the simple fact is that timescales are always much longer than promised and the transformational value, as measured by the one that is most important - the shareprice, has been frankly diabolical.
Don’t be surprised then when those who’ve invested here over the years don’t share your confidence in management to deliver on their stated promises.

“ surely our boss would buy some down here at this price?
open market or other?”

He could buy 600,000 at 18p.
One of the other directors just dealt his options so there’s no technical reason he can’t… he just doesn’t seem to want to.

“ haven't been invested for a year yet”
-says it all.
Some poor bggers have been here for years, they’ve have the full UJO experience.

Since the 24th Aug 2021 when they announced the successful 509bnl plus squeeze at Wressle.
EDR had gone from abt. 1.3p to about 3.6p
EOG from about 1.25p to about 2.4p
UJO from 30p to 22p

Simply question, why, as the largest owner of Wressle is this.
Sensible answers please to a simple undeniable fact…

Ah TAC and his “genuine” shareholder diatribe.
I’m a shareholder but perhaps he thinks I’m not a “genuine” shareholder?
Perhaps “genuine” means a shareholder who wears rose tinted glasses and can only see the positives. A shareholder who will hold because surely it’s undervalued, and it’s just a matter of belief and trust in the management.
Who can’t see that after 5 years of being told that the “ future is bright” can’t, or more likely won’t accept that management will say whatever they think will hold the price up…eventually you run out of mug punters and the shareholders will only trust real evidence supported by external parties.
So where is the GC report, it’s the only thing that’s going to deliver believability to the stream of “brightness” that’s yet to illuminate any value for shareholders, genuine or otherwise..

“ the future of Union Jack remains bright.”
Dave’s been saying exactly the same thing every 6 months since the 4th of September 2017.
That’s coming upto 5 years of “the future remains bright”…
Perhaps we’ve been dazzled by the stellar shareprice performance!

“ The leaks here have been caused by the brokers inability to raise the funds without going to a number of sources”

This is correct and has happened numerous times and discussed numerous times…so why didn’t they simply change broker?
Repeatedly doing the same things and expecting a different outcome…speaks to managements inability to effectively deal with an issue that’s cost it’s shareholders dear.
This is now looking like entrenched management who make more from continuing in their jobs that relying on their shareholding to make a good return.
Where is the shareholder alignment?

"ones posting against the company are pretty much not invested anyway"
That is simply your opinion, based on zero information.
I'm almost certainly a larger shareholder than you, I simply prefer to be open about the risks and the rewards.
I also think the GC report will increase recoverable reserves (as I've repeatedly said, but I'm concerned about why its taking so long, as it's usually (but not always) a sign that there's a difference of opinion on the numbers with the the CPR provider.
I've given my view (and its only my opinion), that the share price will move ahead of 30p if and when its published.
I disagree that any serious II will invest in a small cap oil company, with a patchy delivery record over 8 years.
It's a newsflow and traders stock, let's see what the divi/buy back actually brings.

TAC
Did you come to this conclusion after talking to “Dave” on the phone?
Remember this ?
“ My reason for calling DB was initially to give him a piece of my mind on various issues highlighted in the report. Following my conversation with him I felt humbled and actually apologised to him for bothering and doubting him.”
And this
“ I asked DB what he was going to do for us shareholders and whether or not he would be taking legal action against this bunch.
Apparantly, hmmmmmmm! where have I read this before (litterings within the document)DB will "not be wasting his time on leaglities".

The above written by “The Boxer” (DB) about an imaginary conversation he had with DB (“The Boxer”)
To quote Yogi Berra. Is it deja vu all over again.

“I’m buying tomorrow-market cap is way too low”
I presume as a shareholder in a private company, you asked management of Corallian what they thought it was worth, or what they were asking for Victory?

Daaave lent £1mm of shareholders money to Egdon, which meant they didn’t have to go to their shareholders for cash to finish Wressle. Daaaaave then raised £3m. Even after after being told to drop the idea of a raise for more royalty. That raise dropped the price to 22p, cost over £330k in fees, and meant that shareholders in UJO took one up the chuffer, whilst EDR holders got a cheap loan.
What a stunning piece of business, it must’ve taken him minutes to bodge that together. - safest investment on AIM,?? you’re just taking the p!ss…
EDR pay their CEO £135k UJO pay theirs £300k…
So who gets the best deal? (That’s a rhetorical question Heid)

“ DBs salary the same as EOGs and EDRs CEOs combined?”
Maybe it’s volume weighted?