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The share price will break the 30p this week!

People taking positions, no brainer with the news due.

will not be venturing into any new projects, this was confirmed by DB in a recent interview. The company will concentrate on Wressle, West Newton, Biscathorpe and North Kelsey. Probably in that order, with a possible Keddington side track in between. The courts, in my opinion will sanction the application to do a dividend/share buy back/both, and as soon as this is confirmed. i believe we will see some institutional investor interest too.

September I feel confident will be the catalyst period for a major re-rate. Week one, conformation of court agreement on capital reduction, week two and three, extended reserves report on Wressle and CPR on West Newton. Confirmation of dividend % return to shareholders. Throw in some serious institutional investor orders and this will go ballistic. Every sell will be sapped up. Uep, September will push this over 60p imo. Remember who said this first!

forward too in the next 4-6 weeks?

Dividend/share buy back
West Newton CPR
Wressle reserves report
$9,000,000 net revenues confirmation and $10.000,000.
Possible news on gas to monetisation
Anything unexpected.....

This is going much higher, much, much higher on all this.

spend Sunday with the family, out with their kids and/or grandchildren?

Unlike most of the sad cases who utilised their time posting endless tripe on here, I did.

It's a sad time indeed when a bulletin board with hardly a credible comment takes over your life like it has for many.

Who's going to spend their Sunday evening doing the same I wonder?

Have a pleasant evening whatever you are doing or whoever you are berating.

Sounds like you are becoming a little perturbed woth the way the company are heading Rnstranslator. Resorting to anything you can dig up and make it sound like a big issue, calling DB 'Roger'? I have a feeling you are going to be proven so wrong in your opinion of the company and the management and you know it.

ever said that I absolutely agree with, is when he referred to these bulletin boards as the LSE Asylum. It's like the patients have all moved in here!

Nice to see Royoboy back lol 777

I think the likes of Pboo Rnstranslator, Mirasol and the rest of the anti-Union Jack element will have little choice but to wind down over the coming months as the company become wealthier, the oil keeps flowing and more development is actioned. All they do is slate management, management that have now brought the company to profitability. At some stage you have to forgive the past and accept it is the future that is more important. Yes, there have been issues, but the corner has been turned and for every shareholder, the most important factor is the value of their investment. With over £9,000,000 in the bank and a solid, stable monthly revenue stream, it is now a case of sensible investment strategies. I believe building the revenues has been a wise move by DB. It has strengthened the company position, removed the need for any future placings, (an attractive outlook for investors) and ensures any operational requirements are easily financed. Things are looking up big style, there are less and less reasons to attack the company.

Personally I am not expecting any oil lol! They will flow-test the gas, declare it commercial and sell the lot. Best option to me.

Uggy, the issue always was, who actually leaked the placing. My belief it was always SP that were the source but not exactly them, more-so the people they sounded out. Unless you can get a placing away quickly, and I mean 48 hours, it's going to leak whatever broker you use. I think the fact they always achieved raising the cash, DB had a certain loyalty to them. However, the company is in a far better place now and it will be Shore Capital that in reality will be their broker, SP will be their Nomad. The future here is looking extremely good and sentiment has rebounded from all time lows. I am looking forward to seeing what West Newton will bring as I do believe some people on here, along with the market, have mistakenly written the asset off. My belief is they are going to simply aim for the gas, which they know is one of the biggest discoveries in 50 years and successfully get it to flow commercially. If they do, and they may, well, Heid's quid will be in sight lol although a little later than hoped for.

in my opinion, that bringing Shore Capital on board has changes the outlook here. From the day they were engaged, trading has surged compared to the usual lack lustre interest previously shown. Being a market maker too, they will have a far greater insight into the trades. They are a vast improvement to SPangel, brokers who seem to have done little for the company and achieved little. There is an element of confidence being restored and it seems the wider market are noticing the company and its potential. Quite simply, having over £9,000,000 in the bank, being debt free and confirming a maiden profit for the first half of 2022 is an attractive position to be in for investors to take a position. Wressle is recognised as a commercial discovery and is being upgraded for full time production, there is likely a lot more to come from here, additional production zones to be entered. Everything else is really, at this stage, a gamble. However, Biscathorpe is a side track operation, there's a substantial oil column waiting there and chances of success are good. West Newton, still the big unknown, could be a monumental cash cow for Union Jack, either in production or sale of the asset. With everything else, especially the likelihood of a divi and/or share buy back, I believe Shore Cap are selling the story to institutional investors and if/when they come on board, Union Jack will be viewed a lot differently. The tide has turned here, exciting times, exciting investment.

There are two separators on site, perhaps this is preparation for the main one to be relocated to a permanent position.

So, Pboo, assuming you are of the opinion UKOG is not worth investing in and you have only posted approximately 6 times in the past 7 months, would it be fair to assume the fact you have posted here about 130 times in the past 1 month, your opinion is that Union Jack IS investable?

With an obvious uplift in sentiment, trades and the prospect of substantial positive news-flow, I expect a strong week ahead. No doubt Shore Capital are in communication with some institutions, the reason they have been taken on board. As we head towards two reports, potentially both this month, there's a lot of exciting upside to the present valuation and with oil still holding its own above $100, strong revenues still coming in from Wressle. Very confident in seeing the back of 30p by Friday.

I personally expect oil to fluctuate between 100/130 in the near term. What will take this to 50/60p also in the near term, will be announcement of a dividend, the extended reserves report for Wressle and the CPR at West Newton. I am sure there will be some other snippets of news no doubt but I see nothing negative in the pipeline!

I would say we will see a 50% increase quite easily over the coming few months if not more.

The only people I have an issue with is those that slate the company day in day out, with never an acknowledgement of positive news when it arrives whilst proclaiming to be an investor.

You Rnstranslator do nothing but berate the management, bring negativity and uncertainty to this bulletin board and discourage any potential investor from becoming a shareholder.

This year has seen substantial revenues from an incredibly successful well, which you were originally calling a short term prospect. You continually post here whenever there is any sign of positivity and you target those who provide it. So please, don't tell me you are a shareholder. If you are, you need help.

things are a changing. Some people just don’t like that fact. Some people can sit there say in, day out posting negatively yet refuse to acknowledge progress. They are quite simply NOT shareholders however much they protest they are only negative to save other investors.

They certainly ain't interested in yours Pboo lol! I would like to thank you for last night tho, it reminded me to rewatch Planes, Trains and Automobiles, John Candy as the shower curtain ring salesman :0)

Rnstranslator, if you held that many shares based on your long term opinion of management. You must he a closet fool! Why would you? Regards 30m profit, based on what we physically have now, should the gas come online and oil production is upoed to 1200 barrels, I would be more likely to believe £20m is plausible, even likely. That is without any additional possibilities/unknowns.