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Very good interview thanks David

Put in my spicy questions

Max buy about £30 worth at full ask 17p before NT

I reckon some background buying going on Negotiated Trade buys now at 17p

Bank of America predicts crude oil will skyrocket 43% to $120 a barrel by next summer

https://www.dailymail.co.uk/news/article-10165015/Bank-America-predicts-crude-oil-skyrocket-43-120-barrel-summer.html

Background order possibly as buy limits have come doen

West Newton news soon from RBD

Up 1% today so far

Proactive article

“The impressive performance at the company’s Wressle project (UJO 40% WI) is yielding material cash flows to the business enabling Union Jack to capture the current elevated oil price environment,” he added.
“Current production stems from the Ashover Grit alone, with further potential upside from the *****tone Flags and Wingfield Flags reservoirs.

“We also note that the production licence is viable for the next 15 years demonstrating the partners’ confidence in the long-term commerciality of the field.”

Proactive investors

https://www.proactiveinvestors.co.uk/companies/news/964986/union-jack-oil-still-a-strong-buy-despite-planning-setbacks-stockbroker-964986.html

Highly profitable 40% UJO share

“With an estimated break-even oil price of US$17.6 per barrel, Wressle production is highly profitable at current oil prices”

Highly profitable 40% UJO share

“With an estimated break-even oil price of US$17.6 per barrel, Wressle production is highly profitable at current oil prices”

Looks like it is ready to move

Bargain at this level

EDR did over £300,000 in first 30 days with 30%

Cash flying in from Wressle

Its at all time low and has substantial oil production and assets

£19m is way undervalued

Trying to buy 50k but can’t get a quote even if I break it down

But the cash may cover this drill and company overheads, staff wages over the next few months it is not enough to drill more wells and no way near covering 2022 overheads.

There is no way the auditor will pass our year end books on a going concern basis unless there is enough cash in the account as of 31 Dec to cover the company costs for the next financial year.

It must prove yo the auditor it enough cash in the bank as of 31 Dec to be able to cover its costs for the year ahead.

Failure to satisfy this would mean the accounts would not pass and could not continue as a going concern.

But we will also want 2022 drill funds to replenish depleting production.

I would like to see a cull of staff, 120 came on the books with the Slum transaction, plus our staff, we have around 200. We need to start to redundancy process asap to reduce overheads.

Haywood needs to step down.

We need a respected, experienced and credible CEO to salvage something back for us as shareholders here.

absolutely nothing good about our RNS today and wr-b1 was much needed on the income side and asap

there is now with declining revenue no end in sight to the shares for directors and mgt scheme

If the share group put in another requisition to remove haywood then they have my vote

Paul Haywood is totally out of his depth I dont think he has a grip at all on whats going on in Georgia. I think they are spinning him a yarn and we cop the brunt of it.

Flow rates and golden cross, thats a combination to get the juices flowing