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Markie123 "Hopefully may be an increase again tomorrow (looking for 40%} will sell half and buy my Union Jack shares back tomorrow LoL

WHY?

I don't think anyone would disagree, 17p is pretty awful, especially for what the company are doing. But buying back shares, paying a larger dividend would not really do much, it hasn't done much before. The answer here is to keep plodding on, drilling, exploiting the assets that can be developed quickly at low cost, averting the need for placings, progressing everything they can. Which they are quite obviously doing. No amount of whinging and complaining is going to change things. You either trust things will get better or you don't. If you don't, move on because it seems pointless to hold a stock you see no future in. In my opinion, the SP will increase substantially from here as the rest of this year's operations pan out.

The share price appears to be going nowhere fast, as you say, but the speed of operations is and I fully expect the value to do the same. I don't live in a world any different to you, I just have a little more faith in seeing my investment mature. All a risk but I am more than happy with what the company are doing right now.

You need to find a new way of checking the SP Pboo, seeing as you like FACTS so much 🙄

With another well to be drilled this year in the USA, the secondary recovery to be initialised, the revenues from the Mineral Royalties, then the UK revenues from Wressle and Keddington, we still have a news rich remainder of the year. It was said at the AGM, the Peni5tone flags gas would be worth £2,000,000 per month net to Union Jack. If the planning is granted and this is confirmed in an official RNS, there's no way the SP will be lingering at these levels. The government has also confirmed gas will be needed for many years. It would be nice to have some news on West Newton, it is still possible something may happen there but it is probably the least likely event in the calendar for 2024.

Jimmcdee, 9 out of ten shareholders would probably agree 🐈‍⬛

"Please cancel all Dividends and buybacks and invest cash to produce BOPD"

I agree and I think in general that is exactly what the company are doung in exercising no buy-backs and only a small divi. Some however post 10 times a day in opposition to this. For the company to prosper and in return, shareholders to prosper, this is precisely what needs to be done. Let's see 4 producing wells in the US by Xmas and the revenues maximised.

Just when I thought you were capable of responding intelligently 🙄

I'd like to see them merge and go hell for leather, they have all the 3d gear and experience to drill in the right places, we have the cash to pay for our share of it. Imagine, an operator on board with the same goals, drill drill drill.

Funstar, surely based on that surmise, we would also have heard if they were bad? News will come when it is deemed ready,

Gwynwin, if one were to assume a daily flow rate of 100 bopd which was achieved under test conditions, which is well within the capabilities based on similar wells nearby which are logged at an average of approximately 150 bopd, that would equate to 90 bopd to Union Jack from both of the wells combined. At a dollar per barrel of $80, that would be in the region of $2,600,000 per annum. The gas from the two wells would obviously top this up, as to how much, that is still to be announced as is the oil. The US tax rate is a pittance to what the UK government have levied so it is worth a lot more to the company than the UK oil production. I look forward to hearing more about the secondary recovery. Any water from the Andrews wells will be diverted to the Coker well which in turn will increase the output from the two producers that are connected to it. How much exactly yet to be discovered but we could all be very nicely surprised when that is announced. Throw in the UK production from Wressle and Keddington and there lies a pretty safe haven for shareholders in comparison to other small AIM listed oil companies. I have not discounted West Newton yet, the recent granting of the planning extension could mean they may yet mobilise, it is not a sure fire fact they will not. Additionally, we should hear something on the Peni5tone Flags too so all in all a very news rich year still to come.

Funstar, I think under test conditions, one should accept that the data provided is exactly that, flow rates under test. It is for information only to confirm the well is actually producing oil and not water. The fact Reach are installing gas lines to the main grid and tankers have been seen collecting the oil, it's fair to assume the well is probably doing OK. It's been said enough times there are ongoing upgrades and there's no doubt some of those would affect the actual long term stabilised flow. I personally am happy to wait for the final figures when we can have the gas and the oil data along with conformation of the second well doing as good.

Funstar, it has more than clearly been stated as to why stabilised flow rates have not yet been published, why is it people cannot understand that the necessary upgrades, gas take-off etc have to be completed first, it's not that difficult, is it? Todays video shows the Andrews 1 nodding donkey pumping away, flow rates up to a 100 bopd recorded, the gas is being sorted, there'sno reason to suspect anything negative.

Heid, nothing to do with stress. Had this company been running along the lines of its peers, I would fully understand the negativity, but it is not. You have personal issues with the board here and you do nothing but trash every positive step forward, incessantly focus on salaries and dividends and buybacks rather than the progress being made. Had it not been for DB's foresight to diversify into the States when he did, we would be sat here suffering with the effects of this governments destruction of the oil sector and a share price that would be half of what it is now with little immediate future. As it is. We are fast approaching two productive wells in tje US

This bulletin board is a cesspit of negativity. Over 2 dozen positive RNS;s this year already with obviously a lot more to come and yet there's nothing but endless moaning and complaining about a lack of communication. Surely some of you are not so stupid as to think that the company are deliberately misleading investors, covering up operational data, as one person suggested actually lying???

I personally cannot think of any other company that is anywhere near the level of communication with shareholders as Union Jack, yet some on here feel the need to rip anything they do apart to ensure sentiment is destroyed.

Fecking disgraceful imo.

Where has it been stated Craig Howie was brought into bring in new investors. From what I understand, when Ray whatshisname retired, the company were obliged to bring on a replacement under company rules. The fact he was an ex-Shore capital analyst makes him a good addition to the company but he is no longer part of that company so I think you are incorrect with that comment Heid.

I would rather no trust than more of your family Heid 😂.

Itsawrap, don't be silly, there's bound to be something negative in that. What say you Heid? 😂

I reckon there's some very ungrateful barstewards on here. No matter what effort this company makes to communicate, always the same whiners moaning and complaining. Don't see anyone on X complaining, just, as usual, on here.

I don't think they can give any accurate data on the oil flow rates until the gas is taken off as that would have an effect on the stability. Hence the recent statement that they expect to he able to do this in August. Miles Newman stated in that video they should have the gas sorted in the next two weeks which ties in with DB's statement. And 'lack of truthfulness' is saying DB has lied, dodgy accusation there..