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At least back your rubbish up with some evidence. Always moaning about leaks and there have been none for years.

Same old Mickeybee lol

Who knew?

Nobody selling in quantity and only on RNS. honestly, you and your leaks, something new for you to harp on about for another three years. North Kelsey is hardly a blow to the company, and it's not lost, it is subject to a renewed application. You look for every excuse to whinge about the company 🙄

So, to back up your previous statement, you're only option to offer is to buy into another company that had a recent duster and has an asset that is presently a bit shaky in terms of government stance on Irish Sea licences and a share of a licence we already have the majority interest? No wonder if that is all you can come up with Union Jack is concentrating in buying their own shares back. As I said, the opportunities are quite simply not out there at present.

Have you looked at any available assets onshore UK to invest in? I daresay there are pretty much none. The board of UJO have always been pro-investment, that is what the company does but there is, in my opinion, diddly squat left to get involved in within a sensible financial boundary. If you believe your opinion, try finding and suggesting an asset that the company could buy of JV with. I rest MY case

But these bloody planning inspectors are a pain, I guess better not to waste time and money continuing when he has indicated he has issues with the application. Must as well North Kelsey isn't really on the asset hotlist.

I do agree with that Odins, I was just saying Keddington, as an asset, will be the most likely to be drilled and the nearest in time to increasing revenue. Biscathorpe is definitely the primary asset when it comes to permission granted, it could be massive and a real company maker with such a big percentage holding. Wressle obviously has a great future, North Kelsey has been left to languish for years, as you say, with the issue over future licence grants under question, Buscathorpe needs prioritising.

Some positive movement at last 😀

We are waiting on news for Biscathorpe, North Kelsey, West Newton and Keddington.

Keddington is expected to be drilled this year, I believe it will be, more so since the Egdon takeover. I wonder if the other projects linked to our Wressle JV will be expedited now with George Yates having a say in all of them?

For me, Keddington should be this years priority, get that drilled, add more substantial revenues to the kitty to ensure financial strength to do whatever is needed going forward.

Biscathorpe will be fantastic if we get the nod, North Kelsey not so important, seems like Egdon have/had little interest in getting that going quickly.

My forecast is Keddington drilled this year, Biscathorpe, if successful outcome early next year, North Kelsey maybe 2024, Wressle an additional well 2024, west Newton 2024.

Lots of exciting operational noise coming hopefully over next 12 months 🙏

'Kedd hasn't produced since December'

Not what I am hearing, maybe someone should ring the company and ask the question.

Https://www.lseg.com/content/dam/lseg/en_us/documents/rns/rns-pricing-and-policy-guidelines-2023.pdf

All the sells have been taken, another waste of money eh Pboo? 😂

Can't see why a non-shareholder would have any objection to the company retaining the shares bought in the capital reduction process. There are advantages and disadvantages to not cancelling them and in my opinion right now, they are worth holding, based on the present SP, the prices being paid and the potential value they could realise this year if utilised towards a new asset/acquisition. There is no rush to cancel them, they have no voting rights and are not part of any dividend. The company is awaiting planning decisions that could incur new costs on top of their present known expenditures and keeping a strong cash balance and optional financial asset is a prudent action. We are in am extremely strong position in comparison to many of our peers and other AIM companies and holding that position is something I wholly support the management in. Everyone has an opinion as to what should happen to these treasury shares but it's early days.

I am sure David Bramhill has enough faith in the company to see those 4,000,000 treasury shares worth a large premium to todays value Persimmon. That is where his faith lies. They will be worth multiples in time imo.

Reading your rubbish today Pboo, I don't think you would recognise a fact if it walked up to you, punched you in the nose and shouted "I'm a fact".

Gosh, aren't the Richard Head's out in force today lol. So I am now Heid? Gee Persommon, about time you used your retirement time a little better before it runs out and you Pboo, obviously unable to understand anything that is written. 'Conformation of technical comment', can you not understand this means he is consulted about anything that is potentially technical lol? Only you believe he sits there all day tweeting, it has been made quite clear that he doesn't. A few on here, including you should seek help.

I think in fairness, there is a likelyhood that Biscathorpe could soon be decided on, North Kelsey too. In addition, Keddington could well be drilled and possibly West Newton on the cards later this year. The cash they have allows them to state they are fully funded for all planned operations, this would not be the case if they started looking at other asset possibilities, even if there are any worth considering onshore UK. A lot of companies would be spun king that cash on rubbish, it's my opinion Union Jack are being very cautious in awaiting to see just what is going to be happening with the assets they already have, especially those with a high probability of a quick cash return. I like the way the company are being cautious and careful, too many AIM companies with little or nothing, existing on placings.

Term, In my opinion too many people expect to much, too quick. The buy backs as they continue will have an extremely positive impact over the next 12 months, being fully funded for all planned operations and using the excess for this and dividends sets Union Jack apart. Bearing in mind the size of their percentage holdings in Biscathorpe and Keddington, their strong cash position can only continue and improve. But, as you say, let's see what the market has to say over time.

'Good shout selling UJO and buying EOG' say's Term. Post 26 May 2023 17:14

EOG have a much smaller portfolio than Union jack, a few licences that are speculative and are not profit making, reducing the shares in issue or paying dividends. Neither do they have a strong cash position promising no further placings to advance what they do have that may go ahead. I have nothing against the company, they are UJO's joint partners but there is little to encourage selling Union Jack Shares to buy Europa shares imo.

If you have a good woman Pboo, surely you should take some time with her rather than spend so much quality time on a bulletin board of a share you don't hold. If I were her, you would be long gone. You even spent every day in Spain posting here.

pboo, you really are a **** aren't you!

did you wake up this morning, alarm set for the share buy-back rns, lunge for your calculator to work out the exact cost of the transaction so you could post your negative tripe as quickly as possible?

you need to find a good woman/man to,wakr up with and give up all this non-shareholder negativity.

To quote David Bramhill, Executive Chairman of the company. And why shouldn't it be?

The constant share buy-backs may not be having an instant effect on the SP, but long term. the less shares in issue the better for all shareholders. The dividends are welcome, at a time when the SP is not overly attractive to shareholders, it is a bargain for buyers right now.

The past week has seen a major change in that any potential buyer into the Wressle journey no longer has Egdon Resources as an option, it is now Union Jack or Europa Oil and Gas.

With buy-backs and dividends, the largest share of this great asset and other more viable assets, it is a no brainer who to invest in.

I note over the weekend a major issue occurring in an Irish Sea licence with the Irish Department of the Environment, Climate and Communications saying it can't grant the Barryroe Lease Undertaking as sought on grounds of financial capability.

Whilst this is seemingly a financial matter, it does impact on the potential for any company operating in these waters.

Union Jack also have a cash reserve of over £10m, regular monthly revenues and some certainly more likely assets that will come to fruition, the company is in an envious position compared to most of its peers and long term holders, imo, will reap the benefits as the oil price rises and the 'loving' returns to this sector.

More and more are awakening to the climate scam, the world is smelling the coffee on Net Zero targets. Fossil fuels will remain in high demand for many years to come and I feel sure when this CPR on Wressle is released, we will have a lot more oil than was ever initially believed or presently now known. It has already exceeded expectations, what next I wonder?

Fingers crossed for Biscathorpe, this well alone coupled with Wressle would ensure the future if Union Jack for decades.