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over the past two days. Strong buying and selling which will help get rid of any cash converters and general sellers who may not have the will to stick things out. Its taken a long time to reach this stage in the company development but it's looking very good for the future here. Even if we hit a serious recession, UJO is well placed to weather it whereas a lot of other small oilers will be deep in the mire. In uncertain conditions, cash is king. No way will Union Jack be going to the dogs. I wonder at the financial positions of all the partners as they are all making far less than Union Jack but likely have more expenses. Maybe it will be United Jack one day and we will own them all lol

Good that team Shore Capital did a site visit, shows a bit of commitment/interest in getting to know the client and assets better. Being a market maker too, I think this is a great decision by DB to further enhance the presence of the company and bring some institutional investment in. What a turnaround that would be.

There will always be small profit takers, it's the safest way to trade if you are happy with a small profit. The big rewards, if you choose the right company lie with a longer term holding. There's no doubt UJO are going to increase in value over the coming months as revenues increase, the divi and/or share buy back comes into play and other news is released. Unlike many Aimer's, Union Jack has a substantial cash balance which is increasing month on month, negating any possibility of a placing which is always the biggest concern to any investor.

It's getting more and more difficult to be negative on Union Jack as all the pieces now seem to be falling into place. Some of the persistent trolls tried to say the Wressle well would be short lived, that no institution would be interested, a placing is coming, there will never be a dividend, anything and everything to reduce confidence.

It would appear now that there is a mission to attract institutional investment, two statements today suggesting this is the next step. The court process is underway to grant the permission for the company to issue a dividend a and/or a share buyback. Wressle is not going to be drying up any time soon, potentially a 15 year plan. A plan that will include drilling into additional zones.This free flowing, water free well is surpassing all expectations and generating revenues that are changing the outlook for the company with them being able to assure shareholders and potential investors of a fully financed 12 months ahead. Of course, when that 12 months is up, the cash balance will likely be more than impressive with the cash coming in from Wressle and other assets awaiting development. Over £9,000,000 in the bank, there can't be many AIM oilers, if any, in this financial, asset rich position and it looks now that Union Jack is emerging from under the radar and will soon be catching the eyes of deep pockets.

Thanks Brixton, at the end of the day, I like to defend my investment, especially as I think it is getting bashed daily by people who are not invested and relish every penny lost by true shareholders. Most are hydrocarbon haters who only have these bulletin boards to exercise their voices. I am sure a lot more would post positively here if they knew they weren't going to to be attacked for doing so or their comments drowned out by the few that frequently join hands to create a plethora of negative comment. Look how only a couple of the hard core are here today. Why? Because it is getting harder and harder to find anything to not like.

Correction: Shore Capital Accounts Year End December 2021 not 2022

All sounds good to me!

The Group’s balance sheet and liquidity remain strong, with net assets of £81.2 million and liquid resources of over £40 million at the period end.
On the back of these improved results, I am pleased
to report that the Group is proposing a final ordinary dividend of 10.0p per share, which will bring total ordinary dividends for the year to 17.5p, a 17% increase on the previous year.
In addition, as a result of the partial realisation of the investment in Brandenburg Realty and the dividends being paid from the operating subsidiaries, the Group is able to announce a special dividend of 35p a share to be paid at the same time as the final ordinary dividend.

Shore Capital Accounts Year End December 2022

The Group had a successful year in which revenues grew by over 17% to £73.5 million and pre-tax profits grew by 67% to £19.1 million, producing earnings per share of 61.4p.

Justbe, there are many other companies to invest in. You confirm you are nit invested here so why are you so concerned? So concerned that you as good as post your 'concern' daily! Most people would voice a concern, then move on with their life. You, in fairness, are relentless in your attempt to add you 'concern' to every positive post!

Grey Panther, I agree, there are always reasons behind actions and I am sure that if it were possible DB would provide details on the outcome of that investigation were it possible for him to do so. He's probably read enough on here to pull his hair out with frustration of retaining his silence on the matter. It is very likely that he has been instructed to remain silent on the matter. What few people seem to realise is that there are many restrictions on data release and persistently pressurising the company to reveal the findings will not result in them breaking them. Personally, whilst it may be of interest to find out who did what, my focus is on the future of this company and the extremely exciting ride it seems we we may now be embarking on at last.

Yes, let's ignore the fact it was stated quite clearly that the next 12 MONTHS were fully financed and that with £9,000,000 in the bank and a $1,000,000 per month revenu it's obvious the company will need to raise. What a twot!

*Shore (typo) ;)

There's been a seller for quite some time. I think it's going to dry up very soon, Shire Capital will provide a breath if fresh air to the company status imo. New investors, institutional interest. A new vision on the future of UJO seems to be emerging.

Whilst he may add to the negativity here, he was reported seriously ill with Covid, hope he's recovering ok.

I'm sure you realise I meant Fiskerton as I was referring to the producers. I also be,ieve you probably realise that $1,000,000 *plus* from Wressle plus the revenue from Keddington and Fiskerton woukd take the dollars to approximately £1,000,000.

I believe we are about to see a burst of confidence now in Union Jack. The positives substantially outweigh any negatives now, the fact the company has no need or desire to raise funds make it a strong investment case. The biggest worry for any investor os the possibility of dilution. If anything, there will be a reduction of shares in issue this year. The present SP is quite ludicrous for an AIM company with a cash balance of over £9,000,000 and and a regular revenue stream of almost a £1,000,000 per month (with Keddington and Biscathorpe). Union Jack is coming out from under the radar with the appointment of Shore Capital and the trolls know it.

I believe we are about to see a burst of confidence now in Union Jack. The positives substantially outweigh any negatives now, the fact the company has no need or desire to raise funds make it a strong investment case. The biggest worry for any investor os the possibility of dilution. If anything, there will be a reduction of shares in issue this year. The present SP is quite ludicrous for an AIM company with a cash balance of over £9,000,000 and and a regular revenue stream of almost a £1,000,000 per month (with Keddington and Biscathorpe). Union Jack is coming out from under the radar with the appointment of Shore Capital and the trolls know it.

No Justbe, I think shareholders should be able to post here without every positive headline having an idiot like you adding a negative slant to it!

for first half 2022. Cash in the bank over £9,000,000. No fund raising confirmed, comfortably financed for all operations for the next year. Monthly revenues exceeding $1,000,000. 750+ bopd, free flowing, no water from Wressle. New broker announced today who can (and likely will) introduce Union Jack to institutional investors. Divi and/or share buy back/both pending court approval. Lot's of great assets just waiting to be brought to fruition. Exciting times ahead for shareholders and new investors. Safest of all UK onshore oilers imo

Great news Shore Capital engaged. Institutional investment to follow now imo. All the recent claims that ni institutional investor will look at this could be proven wrong now, just like the claims the well at Wressle will quickly dry up! Seems like DB is proving a lot of the trolls wrong, they will have nothing negative to spout about soon!