Member Info for TheAimCasino

Lenin, there isn't £17,000,000 in the bank 🙄. There's nearer 10 million. The company have returned jyst short of 3 million in the last 9 months. Only two years ago they were not profitable, had only a few quid from Keddington coming in and were doing placings. In my view the company has moved forward considerably since then against all the odds, and by that I mean their JV partners who the company has no control over. The dividends may seem small but they were not demanded and the announcement to pay them and buy back shares was for me, totally unexpected. I don't feel a lot on here are are seeing the bigger picture, the elements that are involved by ensuring enough cash is available for the company to meet its obligations in a period where the oil industry is so volatile. Had interest rates not gone up so high over the past year, the total divi over 9 months would be far more appreciated in terms of investment value, hardly the company's fault this government has fecked up so badly what with this totally unachievable net zero rubbish, the fossil fuel tax, all the protests and negativity about oil etc. Right now yes, the SP is pretty shocking, a lot of shareholders are hurting, but the market as a whole is naff and I believe DB is ensuring the company remains in a position of strength financially until things turn around. The last thing we need is a situation by where they are looking for cash.

I have not sold a single share because I don't trade this. It will come back as it always does. Right now people are selling and no news. . That is the only reason this is dropping. Not water cut, not bad news that the market knows but we don't. This will hit a point in a minute where everyone starts piling back in, rinse and repeat. However, it will hit a new level as the cash keeps rising as it will soon have half it's market cap in cash at this rate.

Yes pboo, the company have tipped off the market the water cut is worse than the RNS stated a week ago and they know and we dont 😂. Its quite simple to understand whats happening. UJO is news driven. No news and people start selling and on these bulletin boards everyone starts sticking the knife in with negativity. As the SP drops, more sell out until news is released and the SP restarts its journey. Its traded like this continually and the fact the company is cash rich, debt free and profitable makes little difference. It is likely we will get a positive outcome on Biscathorpe and drilling commence at Keddington this year which will no doubt reverse the present downtrend. I cannot see any solution to what is happening at the moment, there is little the company can do on the news front. The share buybacks cannot be used to support the SP so cant see any buying right now and there's obviously no news to release yet. It will drift until then imo. I don't believe for a moment that UJO, EDR & EOG are all party to a cover up. Do you?

Not so sure I would like to see any of our fossil fuel cash invested in renewables. I believe that side of things will soon be getting the hammering we are now. People power is starting to turn the tide of government thought as they start to realise we won't be keeping the lights on through the cold UK winters without oil and gas. The EV plan is also failing as the renewables are quite obviously no going to be able to support the demand for decades. Stick with the oil and gas imo

Getting a hammering from all angles, from the Net Zero scam to the massive tax hike. Can't be many small oilers making much of a profit right now. Union Jack IS. Unless you are selling, as with all stocks, this will recover. Of course it's painful to see this company retracing, especially when they are one of the few that won't be doing any cash calls to keep the lights on. No good blaming DB, he has brought the company to profitability and given shareholders money back over the last year. The stock market is the pits right now, keeping the cash tightly held probably safest option imo and be ready to drill whatever is to be drilled as and when the operator is ready. I do think this sector will see a return to popularity when everyone in power realises wind and solar mean poverty for the people. The RNS last week conformed the oil still flowing and the cash still coming in, as long as that continues the share price will recover.

How could they take out the operators lol? Egdon belong to Heyco, Wessle alone is a long term, substantial oil producing asset, it would be multi-millions on its own. We would return then to placings as all our revenues would be sapped up on all the operational costs. It's wholly impractical for UJO to become the operator.

Total rubbish, UJO has never been an operator, you are investing in a company that JV's with operators, that's what you bought into. And how would UJO buy out the operators, would be multi-millions and they would then be responsible for all the costs and risk.

We need to do that. 'WE' are not the operator, 'WE' have little or no say in what is drilled or not. I am sure DB is pushing for action as much as we want to see it. It's good though that whilst we are waiting, revenues are coming in ensuring no placing to carry out any of the work required to progress the company valuation and that is a situation to be grateful for as a shareholder. No doubt Keddington will be drilled, seems as though that is scheduled for this year and that should, if successful, bring in an additional 150 bopd or so into the Union Jack account. Operators on board are not seemingly rushing to progress the assets as we would like but ultimately I feel sure our Biscathorpe, (subject to a positive decision) Wressle and Keddington will all come to fruition in the next 12 months. West Newton I am not so sure. Potentially the most valuable asset and nobody is talking about it any more.

Itsawrap, Crosby Warren is the likely destination for any water from the Wressle well. Suggested by Grey Panther on the EOG bb, it would be more that suitable for it to be transported to and kept within the JV circle. Maybe a little payment to Europa for the use of their water disposal well?

Pboo, the last set of pictures showed two separators, I think the operator thought well ahead and prepared in advance for any likelihood of water. If they have been seeing water for the past month or so, I would like to think they have already sorted disposal out and are continuing as normal on production. No doubt they will be playing with the settings but when you look back to day 1, we have never heard of any problems from this very well run site. This is not UKOG.

Pboo, the Egdon team at Wressle have dine a etunning job managing the site operations to date, no doubt they will continue doing that. Just under 4% water cut is extremely minimal, and it looks like the operatir is already olanning ahead for the next well too. This will likely spur them on.

Never expected that but only a small percentage of water and seemingly not affecting free flowing oil or revenues. All wells eventually get a water breakthrough, so considering nearly half a million barrels extracted and numerous back up zones to drill, I don’t feel this is much of an issue in the grander scheme of things.

No and you will never find me commenting about Twitter either, I only post here, not even on ADVFN, one place is enough to read all the shi t every day.

Let me explain where I am coming from with my opinion. Since UJO became profitable, the company has paid two divis and bought back a fair chunk of shares. It has cash in the bank to cover all planned drilling/operations for the next 12 months. Two years ago, nobody would ever have expected the company to be in this position so divi's and buybacks are a bonus. I believe that with the new tax levied on the industry, the constant pressure on net zero, the anti-fossil fuel movements and everything else that is against success in this industry, Union Jack is wise to store cash at this stage, not give it all back to shareholders. We are not privy to all of the issues over West Newton or any other projects so I see no point in making demands of DB when I am pretty sure he does have shareholders interests at heart. You say you know him well, maybe you should be nicer about him imo

‘a connected member of the board’ 😂. I bought in here two years ago lol. I am just realistic about Aim shares and the high risk high reward. I’m confident in Ujo but can’t see the point in moaning every 5 minutes when the Sp doesn’t go my way. Company’s sound imo, you just never stop hopping from negative to positive. I’m positive. Full stop.

At all weeping Wendy’s crying for DB to update the market. 😂. Do you think he’s intentionally keeping quiet to pi*s shareholders off? O’Farrell recently bought over £100k worth, he would know what’s going on. Of course, he can see past a few days. Why does everyone start crying into their cornflakes when there’s no news? You either trust in your investment decision or you don’t. If you don’t, get out.

Today is good news for Union Jack in that their focus will now hopefully be on operational targets relevant to the JV partnership. Seems like things going on in the background that could explain why the company remains quiet on the news front.

See what I mean Heidi, you are so frigging opinionated, no wonder everyone is sick of you. Who are you to question my holding here? You are trading this, blowing hot and cold, telling everyone your not. Making out youre some sort of oil buff when you are more likely a bored houswife with little or no life. I have been building my holding here for two years and posting regularly, so please dont tell me i dont hold shares here.

Heidi, you had no dividends until this company turned a profit, you were praising DB to the hilt when the company announced its first divi, dribbling on about your new TV, now, after two, you complain they are too small 🙄. You have absolutely no idea of financials, what it costs to run this company. In view of the oil price compared to a year ago. The exchange rate, the ff tax, the licence fees, the static operational costs, profits imo will be substantially less than last year and DB is probably ensuring the company stays well solvent. Youd have him coughing it all up in dividends then be the first to complain when they needed cash to develop an asset. The next 12 months will likely see Keddington, Biscathorpe and Wressle advanced, possibly West Newton. The profit you talk about is nowhere near last year. I like a dividend but not if it risks the company's ability to meet all of its liabilities. It seems like its taken over 6 weeks to make the million dollars, the profit on that isn't anywhere near when oil was at $100+ Oh, I have 246,000 shares for your information.

So where is your answer Heidi? What is your reason for suggesting DB was being dodgy buying a million shares back pre-agm? You must have a reason for such an accusation, lets be 'avin it 😂