Member Info for TheAimCasino

Nothing to work with? Wressle 400/500 bopd, Keddington undergoing upgrades, was doing 30 bopd previously, awaiting completion. Oklahoma 1 x commercial well awaiting flow rates, a second well drilled and soon to be under test or may already be, gas being connected for resale, secondary recovery operation planned and due to be implemented imminently if not already started. Planned drilling of the Wilzetta well in the coming months, Mineral Royalties purchased and returning revenues. Nope, you're right, nothing to see here, move along 😂

Heid, I would be quite sure in stating that the well being drilled by Beacon was one with a good chance of success, one that Graham Bull would have examined the geology in depth and one that would have rewarded their shareholder's generously and uprated substantially Union Jack's investment. Unfortunately in this industry, no well drilled is nailed on and you obviously fail to understand this. The investment in Beacon was no different to the investment in Wressle, or the increased investment before its successful outcome. Not sure if you realise but Union Jack is actually an investment company, not an operator of its own assets. Some you win, some you don't but in reality, the fact this company is profitable, debt free, earning revenue, paying dividends, buying back shares and is able to drill wells in Oklahoma without raising cash is down to the very person you hope retires sooner rather than later. You are too focused on issues that will not change the share price for the long term and failing to accept the actions that will. I think in general you are pretty much on your own regards drilling and increasing revenues being the primary source to value here. Anyone who thinks paying a bigger dividend will make all the difference has no understanding of the market. The best poll you ever did was to ask if people wanted you to continue trashing every piece of news or feck off. You got your answer yet you are still here. This shows the value of them doesn't it really?

I hope not Gwyn, that sort of rise is totally unsustainable and they have dropped each day since 😬

Wholly agree Itsawrap. Some people seem completely incapable to understand the company are not, in this case, responsible for the state of the share price. It is, as you state, immaterial as to the level of their salaries. In fact, they are not in the higher quartile. All this incessant buIIshlte about dividends, buy-backs and wages has absolutely no bearing on the present company valuation. I see one person on X demanding DB buys shares. What on earth would that achieve? A rise possibly on the day then a retrace. But when of course he sells them, a possible major retrace. The old boy is heading to 74 and whilst from what I can see , his marbles are all in good shape, he will retire sooner probably than later. It;s 'dead money' and potentially damaging for him to buy shares. The value here is all down to progressing the assets, drilling as many wells as possible and strengthening revenues in order to reward shareholders in a rising share price and regular, decent dividends for years to come. Whilst Heid may not like my opinion, I have no desire to get a bigdividend at this stage when that cash could drill another Oklahoma well. My belief is that the board have made the best decision possible in view of the government take on UK fossil fuels and in the nick of time.

Heid, quite simply, how can ANY dividend be an insult when you have no entitlement to one. In this climate, with just about everyone intent on destroying the value of the company’s assets and the venture into the US obviously costing a lot of money as a whole, it’s my view that they need to invest every spare penny ensuring the continuation of Union Jacks ability to be able to pay future dividends with ease. It’s looking more and more likely DB’s made a great decision to move into this new region, one that will pay much bigger dividends further down the line. Your take on this makes little sense when it is obvious to just about everyone else that it is a drilling campaign that will bring interest and revenues. I would imagine the company are using Harbor and Sidoti to promote themselves over there which will not be an overnight job. Lots being put in place imo.

Spudding RNS that on success, the 2-17 well will share common production facilities with the Andrews 1-17, thereby lowering costs and optimising project economics. It is interesting to see an additional 300 bbl storage tank being brought in. One could justifiably think that oil flows are looking promising. Not too far away from an update on these. Previous images showing gas pipeline being laid too so we could be getting news on that too.

I fail to see why you persist in saying 'bonus's' when it was clarified quite clearly it was in effect, back payments for not having a pension scheme in place which is standard with other companies, along with other standard benefits. It was also stated the salaries, which didn't change as some would like to suggest, would revert to previous levels. And better they take that award when the company was extremely flush than when cash was being outlaid on new ventures. It's old news, it hasn't affected operations, I see little point in harping on about it.

Foggy, precisely. Some people fail to see what is required to take this company forward in terms of success. Cash flow needs to be uses to increase cash flow. Dividends and buy backs contribute little to long term value. They give the share price a temporary boost. Revenues will be the catalyst for Union Jack to return value to shareholders.

Buy backs = 1-2 wells in US

Dividend = 1 well

Three wells = 300 bopd (expected/hoped for) = 130 bopd to Union Jack

130 bopd = $3.74m per annum

Throw in the Royalties and whatever the secondary recovery revenue's may be and we have a company going very far in the US. Worst=e case scenarion in UK is that we are left with just Wressle and Keddington. They will return in the region of $5m per annum based on 400 bopd total production and $80 per barrel average.

The way to big dividends is production revenues. Every penny needs to be spent on drilling in an environment that supports fossil fuels, not small dividends that do not seem to be appreciated.

Don't restart the buybacks OR pay any further dividends. Don't cancel the shares in treasury either. Invest every spare penny developing the US interests to ensure the long term future for the company. The future in the UK under Labour has been further destroyed with the details of the EPL and everything else they're going to destroy the oil sector. As Grey Panther said, respect to DB for getting us into the States well before the impending ruination of any fossil fuel developments in the UK. Those treasury shares could be used for a deal in the near future to expand our position out there. Little point in cancelling them for all the good that would do. Looking forward to the results of the Andrews 2 and we cannot be far from hearing about the gas production too looking at the X images of the operations on site. 7 months = 2 wells, gas to grid and oil sales. With the tax differences. We will soon be equalling the Wressle revenues the way we are going. 💪

There are plenty voting in my polls dont you worry. NO, THERE AREN'T. ABOUT 30, PROBABLY ABOUT 5% OF THE TOTAL SHAREHOLDER BASE AND. % OF THOSE ARE YOUR FAMILY ACCOUNTS AND NON-SHAREHOLDERS DAFT ENOUGH TO FOLLOW YOU! SO LET'S GO FOR 2%

Why do you bother replying to me if I am so worthless ? IT'S YOUR POLLS AND RIDICULOUS, INCESSANT AND REPETITIVE PISTS ABOYT SALARIES AND DIVIDENDS THAT ARE WORTHLESS. 

Why do you support no dividends if you was a share holder ? I DO SUPPORT DIVIDENDS BUT NOT SMALL ONES. I PREFER THE COMPANY TO INVEST IN PROSPECTS AND THEN, WHEN THE CASHFLOW IS SOLID AND REGULAR, PAY A REGULAR REARLY DIVIDEND OF VALUE. ENCOURAGE LONG TERM HOLDINGS.

Why do you shrug off the Beacon losses when David showed confidence in his interview at the CoS an became a TR1 holder ? We could have had a higher dividend ? THAT IS LIKE SAYONG WHY DID DAVID INVEST IN WRESSLE. WHY DID HE INVEST IN KEDDINGTON. WHY DID HE INVEST IN WEST NEWTON. WHY HAS HE MOVED INTO THE USA. IT'S CALLED INVESTING IN THE HOOE THOSE INVESTMENTS PAY OFF. IF THE COMPANY DIDN'T DO THIS WE WOULD ALL BE PAYING FOR IT IN PLACINGS. 

So many whys with you TheAimCasino that I do NOT believe you are a shareholder here so jog on. I DON'T GIVE A FLYING F*CK WHAT YOU THINK!

Heid, just what makes you think the company should even pay a dividend? Nobody is ‘entitled’ and no other onshore oil company on AIM pays one. If I were DB and listened to you as a representative of the shareholders I would tell you to shove it and stop them altogether. Thankfully you aren’t and your opinions and polls are pointless and worthless.

I am not responding to that absolute twaddle

Donate it to charity then if it offends so much 🙄

I'be posted loads of useful info over the years itsawrap, just to have it trashed, so what is the point? I don't give a flying feck whether you like or dislike my contribution here but at least it isn't wantonly destruction of my or yours investment.

There was no 'big pay rise' why don't you say it as it is? It was a payment that was to cover the fact there had been no pension paid which would be standard on any listed company. No health benefits, no company car etc. The salaries revert to normal. Not a pay rise, not a bonus, but let's not bother actually telling the truth.

Every comment you make is what is already known itsawrap. Nothing new. Best to just sit back and let your investment be ripped into day after day eh?

Why don't YOU contribute something of worth?

Grow up kids!

That all the years of 'leaked placings', fundraising, asset purchases etc, the company had no revenue stream other than a few barrels from Keddington. There was nothing but hope that things would come good. The past few years things HAVE come good. The Wressle success has been something no other AIM oiler has achieved. No fundraising for a number of years. This year alone, the venture into the US. Never has the company been in such good shape. We are in a situation where everything is coming together even with all the UK problems. Over two dozen positive RNS updates so far in 2024 with loads more to come. And people think a bigger dividend is the answer? Or an interview with DB? As with any investment, you take your chances and if it isn't doing it for you and you see no future, you really do need to sell and buy something that you believe has. To accuse someone of ramping just because they believe in their investment is wrong. What is more wrong is people with no shares deramping or attacking anyone that dares to show a belief.