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The more I can see how many should not be investing in AIM stocks.

The Alternative Investment Market is high risk, high reward but in reality, is high risk, rare reward.

The vast majority fail. They fail to prove up assets, they place and place until they cannot place any more and the only benefactors are usually the management.

It's really quite pointless moaning on a public forum and in Union Jack's case, all the moans about DB will not result in the CPR, West Newton or Biscathorpe coming any quicker. The company is fully funded to progress all the aforementioned and DB must be as frustrated at the speed things are moving as the rest of us. There is little he can do about Rathlin's financial position, Reabold's lacklustre efforts or the planning inspectors decision. Neither can he speed Egdon up on Keddington/Wressle or the CPR. His hands are tied and it's about time people understood and recognised the fact Union Jack is only an investor in these assets. Cash is king right now and the company is lucky enough to be generating strong revenues, it's not as though we are all sat here waiting on a fund raise. It wasn't that long ago Union Jack was borrowing to exist, then in the past year, two dividends and a substantial buy-back and now people are complaining that the buy-backs have gone quiet and the dividends are too small 🙄. Are there any other companies out there like this one doing this? Seems like everyone wants it all now and that is not how it works. We are quite simply, as shareholders, reliant, as is the company, on third parties.

I don't believe for a moment that any of this waiting is down to management error, I am confident however that things will fall into place with a little patience and please, no 'we have been patient for years' responses, we are in a wholly different position to years ago, the past is immaterial now. The future is what matters and I do think value will come here as the long awaited actions fall into place.

At the other companies operating on shore that we have relationships with, it makes me glad I chose Union Jack.

It feels like Reabold are heading towards a complete disaster, their value is almost zero. They have a big share of Rathlin who have no cash, between them they can't progress West Newton and are now entering Italy 🙄. Europa have their issues but are being sustained by Wressle really, which UJO have the biggest stake. Look at Angus, people talking about them going bust! Egdon sapped up but weren't doing much anyway and then there's Union Jack. Profitable, cash rich, debt free, paying dividends etc. No competition imo.

Was requisitioned by Egdon, the Gaffney Cline report by Union Jack. Hence the CPR will be released by the operator and UJO will have no say on timings or content. It is likely this will not happen until all the arrangements between HEYCO and the operator are finalised and they too have scrutinised it. The original intention for a June release was forecast prior to the take-over so is pretty much null and void now. In the meantime, for UJO, the cash seems to be continuing to come in on a regular basis whilst the company awaits a decision on Biscathorpe and the potential Keddington drill.

Never heard of a belief, an expectation, a feeling Justbe? No, as per usual you just try to do exactly what I just said. Sorry for not being correct 24/7. 🙄

Jabez, fully agree, we are all here to make money, everyone has an agenda, whether it is to attack it relentlessly in the hope people lose confidence, sell out and in the process the SP dropping allowing a cheaper entry. Then there are the shareholders who, like me, believe in the management and the long term outcome. I am in no rush to sell and neither do i trade, I am happy to await true value which I am confident I will see it. I don't 'ramp' I post positively on a stock I own, some people need to look up the definition of ramping. My personal 'want' is for the company to develop another revenue generating asset like Keddington or Wressle and not inject any more of our cash pile into West Newton. We have a safe and manageable percentage, further exposure to this when we have the afore-mentioned and hopefully Biscathorpe, all of which we have a substantial share, isn't what i want to see. Cash will be the most important commodity over the next few years with all the uncertainty and we should be taking the easiedt route to this end.

And I stick with that Heid, two dividends in the pot and probably a year end one too This from a company that not that long ago was being reviled for placings. Now it seems some are ungrateful for the size of the dividends and moaning about the capital reduction as a whole. Seems nothing is right for some.

Youre at a loss because you dont underatnd Heid. I refer to the next 12 months and potentially no additional revenues coming from additional asset development. Do you think Wressle at $75 dollars a barrel will leave much over after all the operational costs and other expecnses? At $100+ The company revenues ensured a positive profit, do not expect the same at these rates and note the dollar to pound exchance in comparison to a year or so ago. You seem to think large dividends are the way to go, I don't think that is good business the way things are with the JV partners and their financial status. DB has been in this business a lot ,onger than you, I prefer to rely on his performance than your opinion. And don't get me wrong. I expected a lot higher oil prices as did you and a much better sp, ut it hasn't happened.

Can’t always keep to a timetable when relying on third parties. Same as relying on operators. UJO is bound by the speed they work at which in Egdon and Reabold/Rathlin’s case doesn’t appear to be to quick. Union Jack management must be as frustrated as shareholders, being unable to get them to do what they have to do. West Newton seems to be plagued with operator financial problems judging by the need to farm out and Reabold are asset buying in Italy rather than help to fund their partly funded sidekicks. To be sat fully funded for Biscathorpe, Keddington, West Newton and Wressle and our JV partners seemingly focused elsewhere may not be a good situation but little DB can do and I think the sudden cessation of buybacks is probably more about preserving cash whilst this situation is resolved. I would rather the company in a strong financial position until the next asset is drilled and turning revenue than spunking the cash on buybacks and dividends.

Pboo. The AGM is an official company meeting. You have been told by those attending he made this statement. That is far more official than the tweet you demand, you honestly get more ridiculous by the day.

It was clearly stated, by DB that the treasury shares would never be used to benefit board members.

I have this on good authority from someone who attended and is not prone to lying. I am sure if you called him and asked he would confirm himself. But of course you won't, as yet again you need something to post your negativity on here.

As I have said previously, you endeavour to cause uncertainty and negativity at every opportunity, other than when the share price moves into positive territory.

Everyone knows your game. It's clear you dislike the company and the board, you have an issue that is damaging your life to be honest, it's a shame you couldn't spend your time on a company you are invested in but I doubt you are invested in any as you only slate the ones you to post on. Sad little man 🙄

The treasury shares have no voting rights and are not eligible for dividends, they have increased in value and can be used for an acquisition. For me, cancelling them offers less benefits in the long term, and they can still be cancelled if that is what is decided. I believe DB knows what he is doing and I support the company decision to store them.

Then they wouldn't have gained in value or had any potential acquisition benefits.

Since the buy-backs commenced was that the treasury shares could be used to benefit the directors. This was a regular negative posted by certain people on here to cause concern. It is good to know be assured, officially, that these shares will never be used for this, but will be used in acquisitions and the like. This makes them a very valuable commodity, they are already looking to be a wise action, worth substantially more than their cost.

The buy-backs are also, one could fairly assume, encouraging more investors. An upward trend is being seen and there are one or two catalysts that could easily move this past the 50p level.

The AGM seems to have been well received, a positive outlook reported back by attendees.

The attempts to generate negativity on here are fast fading, those responsible finding it more and more difficult to slate anyone or anything. Long may that continue. 😀

Is simply, positive. Nobody but a fool would try and suggest otherwise.

A director buy is a sign of confidence. It matters not which director bought.

DB doesn't have to buy, nobody knows his reasons and when his friend and fellow director digs into his pocket to increase his overall holding to almost 3%, that is good enough for shareholders and the market confidence.

Non-shareholders on here trying to make this look negative really are getting quite desperate now as the SP carries on it's upward momentum,

More share buy-backs will keep this going.

Pboo. You have no idea as to why DB hasn't bought. FACT

The FACT Joe O'Farrell has bought is confidence enough. FACT

The idiots I refer to Milnrow are those that comment negatively day in and day out who hold no shares, they are just here to slate the company, the management and anyone who has a positive opinion. That IS pretty idiotic in my opinion.

Well primed for a strong increase in value.

The buy-backs are starting to hit home with shareholders, along with the dividends the company is paying.

Along with that, to be profitable and debt free is a rarity on AIM and with just the one asset, Wressle, the future looks extremely positive.

The additional assets all have a strong potential to deliver, subject to planning being passed on Biscathorpe, this could/should be a real game changer, as will West Newton be when drilling commences. Keddington could easily be worth an additional 150 bopd to the company too.

Being fully cashed up to cover all planned drilling, there is no need for any fund raise for the next year and bearing in mind we will soin be hearing the results of the ERCE cpr on Wressle which could well confirm the long term production likely from this exceptional well. Just how far does this oil stretch and where is the water?

I think we are turning a corner now and one would find it difficult to keep being negative without sounding foolish!

I think we are lucky in DB as against many AIM directors in that he is in his 70's as are the rest of the board and they are all 'old school'. DB want's success not cash, he want's to see Union Jack as a mid tier company. It's his goal and he will use the treasury shares to the benefit of shareholders and the company imo.

Why should they? There is likely no plan for them as of yet and to issue an RNS to appease 2 or three bulletin board moaners is probably not on their list of important things to do. You either trust DB or you don't.

There's no way in my opinion that DB will use those shares for any bonus. Institutional investment maybe or perhaps a deal on an asset but he isn't going to be rewarding the directors.