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It's hardly much of a jump from the approximate £600,000 being seen now is it? When the gas to grid is achieved, total revenues to UJO from Wressle will easily breach £1.000,000 imo. The plan is to supply a local third party I believe and there will of course be an uplift in the oil production. Let's say that is taken to 1000 bopd, and we all know that up to1500 is possible ( I don't believe for a moment they will actually draw this much out on a daily basis but it could be achieved) then Union Jack would be on 400 bopd. At $80 per barrel, this equates to $12,264,000 which is your million pounds per month average. Then throw in the gas. So Wressle alone ensures the ongoing development and progress of Union Jack.

Pboo, are you aware of the world outside of your camper? Union Jack have done amazing really compared to many others. A war, a pandemic, an oil crash, a banking nightmare, you name it and everything has been against this company. Yet it has continued to bring in substantial amounts of cash for such a little company, it has a strong bank balance, it is debt free and it has potentially game changing assets. This is no mean feat that has been achieved and I for one feel not only is my investment safe for the long term, I am more than confident it will prosper.

You are only picking on daily/monthly events and trying to make them appear negative, even though for most shareholders they can see the future is very strong for the company.

Even if no assets were developed and the operator progressed Wressle, we could see a monthly income of well over 1 million pounds, not dollars. This company is quite simply in excellent condition all round and shareholder value, with the buy backs and possible dividends is nailed on imo. You just need to remove your blinkers and look around you.

Pboo, based on the production at Wressle, the gas to grid, the additional reserves believed to be in place, that asset alone will place Union Jack in a strong position as the year proceeds. You are so bitter you fail to recognise that likelihood. 71p? Very likely if any of the other assets are developed this year. You forget the world is in crisis, when it turns around, Union Jack will re-rate.

That £771,000 could well be worth over £2,000,000 by year end. As mentioned, it could be used for an acquisition, bringing an institution in etc. Either way, for shareholders, of whom you are not Pboo, things are looking good for the long term. The potential here is far better than any of their peer companies, you are sounding like a broken record with your daily misplaced negativity. Every RNS makes your opinion more ridiculous, you voice is beginning to fade.

Next week for $14m imo, nobody likes a Friday RNS.

Because that's the base expectation and it has been exceeded. The 600?700/800 deviates daily, there is no set daily digure, just an average, you are just trying, as usual, to instil a little negativity where there is none.

'installation process, connection etc' not TESTING. i did not mention Testing Pboo. The installation and connection DID result in some down time.

Pboo, it has been stated clearly enough for even you to understand that flow rates continue to EXCEED the original expected 500 barrels. The fact they refer to it does not infer it has dropped back as well you know. There has never been any sign of decline in any RNS, every additional million dollars confirms this along with negative water cut. Month on month we see confirmation of the excellent output from Wressle, something your UKOG never achieved. Perhaps you could take your Citroen Romahome up there and count the tankers (all oil, no water) in and out, some positive feedback from you would be fantastic.

And we have been kept informed as to those rates Pboo. I guess you are again, trying to add a little negativity by suggesting they are mentioning this as production is dropping lol. You never give up, I grant you that.

Pboo, it is simply childish to keep reporting comments, especially as they come from anonymous posters who neither know you, like or dislike you or who's opinion is immaterial to one's actual life. If you called me a toss*er on here. Do you actually believe I would be offended or even care what you, who I do not know, thinks or says? If I posted actual facts about you with your address and telephone number, then fair enough, report it. It would be justifiable. What you do is simply as I said, childish.

Whatever happened to 'sticks and stones' Pboo? You seem to be reporting every post now that has a little jesting at you. Is this your new way to get rid of positivity instead of trying to drown it out? I guess it must be getting harder for you to keep slating the company.

Best not mention a flicker of a drop then :o)

Be careful Gwyn, Pboo doesn't like a rise, especially in the morning lol

No way UJO will be funding any more of West Newton. DB has said in the past it's a perfect percentage that won't affect the company finances whatever the outcome. If nothing else, he is shrewd, he won't be increasing his liability in funding or increased % imo. Union Jack is fully funded for West Newton, the other partners will be finding their own cash. Unlike the loan to Egdon and EOG, Rathlin have no security to offer up.

DB would never use those treasury shares to benefit the board. If anything, they would be used for an asset deal or an institutional buy. He wants to see UJO at mid tier status and that will mean a lot of good moves in shareholders interests, not his. Wressle imo will be the asset that will steer them in that direction, I believe it is much bigger than is believed and will surprise everyone when everything is known there. Love or hate the company, the way they are heading sets them very much apart from their peers. I can wait, those who don't will live to regret it imo.

And they aren't eligible for dividends or voting either so the benefits outweigh the negatives imo.

I think possibly two reasons, there are bound to have been days with no production, price 0f oil been a bit shaky. Or maybe the company have made the decision to allow this banking and market mess to improve before releasing it? The announcement isn't mandatory it's at the company's discretion. The way the SP is performing I would leave it for a few weeks and announce 14.5 million lol

i am slightly underwater at this level, but I did not start investing in UJO to worry about the daily price of oil, the share proce fluctuations etc. I am 51 and this is one of a few investments that for me is the long term outlook. The company is, unlike the present share price, in exceptional shape. Loads of cash, loads of revenue and loads of potential going forward. How many times in the past have we all been caught out on a placing, UJO included, but there's little or no chance of that here. The world of finance is going through a traumatic period and no doubt a lot of the smaller companies like Union Jack will go to the wall. So for me. This week, next week, next year, I am happy to wait and content in the safety aspect of my investment. Things will do an about turn, they always do and UJO will be a survivor. All in my own opinion of course.

I would spend every penny on Wressle. Develop all the zones, get the gas to grid and let West Newton go to the dogs. Wressle is looking to be the real Jewel in the Crown for the partners and I believe the future rests on this licence. Wouldn't bother me in the slightest if every other asset was relinquished, well, except maybe Biscathorpe ;0)

Yeah, your right Pboo, what a a failure. Profitable, debt free, paying a dividend, generating strong monthly revenues and buying shares back aside what is the company doing to bring shareholder value? I'd sell up if I were you. Oh, wait, you don't hold any shares do you!