When you look at the state27 Oct 2022 00:01
of the UK onshore oilers, you really do have to appreciate where David Bramhill has taken us.
We have UKOG who are almost completely worthless, chasing rainbows and disappointing on every front. You have one of our JV partners loaning cash of us (repaid now) and drilling a duster, the other that has a glut of fracking licences that look unlikely ever to be brought to fruition. They too loaned cash from us (also now repaid). Reabold Resources, our JV partner in West Newton, now under attack from shareholders trying to requisition the company. Union Jack, well, £10,000,000 in cash, in the region of £750.000 per month in revenue, a few easy to monetise assets, management who are focused on creating shareholder value. For all the trolls that gather here making negative comments and trying to demoralise true shareholders, the company are in a desirable position and say what you like, have a far better future than the rest. No placings, no foreseeable revenue problems, no worries. The present share price will almost certainly re-rate over the next month, oil seems to be sticking at around the $90 range which is great for the production, the deadline for the dividend will encourage considerable buying as ot approaches and the buy back will also help things along. Best little AIM oiler to be in right now.