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Tw*at

Somebody did,!

Generally have two methods to obtain shares to fill orders. The raise the SP to attract sellers, or drop the price to frighten weak holders out. I think they are going to have a big problem for a while with Union Jack if we get one or two institutional investors looking to buy.

Frighten a few sellers out, UJO buy them, attract a few sellers by raising the SP, UJO buy them.

There really aren't that many shares in issue since the consolidation, it's not going to be easy to fill any decent orders. You can also throw in a lot of people will be hanging in there or buying more to benefit from the dividend.

All this is only going to send the SP in one direction. Expect a few efforts by MM's to get their hands on some stock, but ultimately this SP is only going one way ^^^^^^^^^

Olive. You are RNStranslator aren't you? I'm presuming this as your writing style is pretty much identical. Why the change? Were you banned? You seem to have lightened up a bit on Union Jack, are you now invested?

Itsawrap, we all read as we see and interpret individually. Just because you interpret that differently to me does not make you right. . The fact is, and my argument, is that nowhere has it been stated the dividend is a one off as Pboo suggests. In fact it is more likely, based on the revenues, that it will NOT be a one off.

Did it say a one off dividend Pboo? Or are you doing your usual suggestive negativity?

David said in the RNS "These distributions are an important means of returning value to shareholders and signal the significant progress that Union Jack has achieved during the past year.". Note 'DISTRIBUTIONS" with an 'S'!

on a day like today, the company could do a £100,000 buyback, thus eliminating the sales today. That would then equate to 600,000 shares bought, would it not?

I can certainly see one or two institutions bei g brought in by Shore Capital now the dividend has been conformed and they will be in by December 16th to benefit from this. That is going to be a tight schedule with potentially a £1,000,000 or more shares required, and being bought in the market. I feel we may see a substantial climb in the SP due to this. Could be a very nice Xmas for shareholders with their dividend and SP increase.

by those who are expected to do nothing less regardless of the news, it is quite obvious that we will now be heading into positive territory. The market cannot fight demand. An institution or two will take a chunk, the company will be taking a few chunks. Potential Sellers will rethink and hold. SP rise into dividend payment, less shares in issue, demand increases SP. INTERESTING TIMES AHEAD!

with a dividend promised for December, NOW IS THE TIME TO BUY!

SP rise on share reduction, possible institutional buying in readiness for divi, win win for all at this price!

"The Company will now implement a share buyback programme"

and better, the usual culprits try to downplay it but with $1,000,000 coming in every month, £10,000,000 in the bank, a dividend within the first year of profitability and a reduction in shares in issue via a buy back, there are few companies like this on AIM. Massive turnaround, institutions will now take note, easy money for them. They will snap up shares of that I have no doubt. Expect a lot of jiggery pokery from the MM's over the next few weeks as they try to fill orders. Not that many shares out there.

Must be heartbreaking for you to read this today Pboo, you can't even bring yourself to be positive about it lol.

fat chance of dividend or buy back this year?

But are we not all here to make money? There are a number of different agendas. You have Heid, me and every other shareholder that wants to see the SP rise, some more positive than others, but in fairness, the company is in a strong position and things coming together, presently with little reward. Then you have those that are trading it so post to suit their position, positive when bought, negative when sold. Then, we have the so called 'saints' who are here to 'save' the foolish investors, these are in the most, friendless and lonely individuals who use the BB's to instigate responses and finally, the anti-fossil fuel activists who use the BB's rather than get paint all over themselves or risk their family seeing them vandalising property, gluing themselves to the roads and looking complete pr4ts!

Brothers, Heid's 'quid by Xmas' was based on events relevant at the time of her opinion. Things change, lets be fair, who expected covid and the war in the Ukraine, who exoected or could have predicted Boris being kicked out and the world wide situation over climate change, gas pipeline terrorism, the list goes on. When this hit 50p, with the CPR and reserves report I expected to see 80p-£1.00, it would have been a fair assumption. Certainly with the share buyback and divi thrown in too, nobody would have believed with all that we would have added absolutely no value to the SP. It's easy to throw things back in peoples faces without taking into consideration surrounding effects on what could or should be. In two years we have become a pariah, all the anti-fossil fuel protests, there has been a concentrated attack on the sector. Opinions are only good at the time they are expressed and it is wholly unfair of you or anyone to ridicule them when at the time they were expressed, they could have reasonably come to fruition.

My prediction is when the dividend is confirmed and the buy back commences, this will on e again go above 50p. Why wouldn't it?

£750.000 per month income, £10,000,000 cash in bank, no debt, maiden profit, fully funded for the next year of operations, no placings required, a first dividend, a share buy back and potentially institutional investment. This is a recipe for success and quite rare on AIM. A low cost side track at Keddington could add 150 bopd to Union Jack's revenues and we also have gas to grid and other zones to exploit at Wressle. I know no other AIM listed UK oiler with this potential and, as Heid has had her opinion, mine right now based on the FACTS (for Pboo) above, I can see a pound looming in the not too distant future. Of course, Russia could nuke us all and change all that. But, on the basis we continue on the course we are on, my expectations are, I believe, valid and likely.

Herbert, well said, although I believe a buy back would be a good move.

Let's say they go my way and pay .5 to.75 as a divi and then spent the same on a buy back, providing we do get an institution onboard, which is very possible, there would potentially be a substantial amount less of shares for them to get their hands on without retail sellers providing them. For me, it's not a few hundred pounds in my hand, it's the overall share price that will return me the most value. I think we could easily return to 50p and well above on the basis an institution would have to buy in the market, with us buying and then buying, any sales would be devoured. I think we will see some good times over the next month or two.

Why indeed Pboo. Because they are able to do so, they have the cash to do so and they have stated there will be an update on this in 2022 which I would personally think would be to confirm the divi, there is nothing else to update on regards this.

Erstwhile? If you are going to use big boy words it would be best to google what they mean lol.

And on cue, Mirasol and Pboo, prob got a 'positive post alert' app lol! Pboo. My posts are designed to be suggestive, a possibility, an opinion, they lean to positive because I am a shareholder, unlike you. Whereas I post positively because I am invested, you post negatively for no other reason than you are a nasty, jealous individual who relishes every penny people lose in their investment.Always popping up when there is a drop on the SP. Saint Mirasol is little better, it is nothing about ensuring people have all the information, it is about constantly ripping into amy hydrocarbon related company, he/she is quite simply an activist working online. And this, for both of you, is reflected in the fact that you are disliked by everyone but your own ilk on every BB you troll. Now THERE is a fact!

So nobody noticed I wished you all a nice Sunday and said I was settling down ready for Sunday dinner lol! Short weekend or what :0)