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Peter, what a load of tripe! Positive comment on a pi*ss poor bulletin board controlled by activists and haters, the cause of the SP drop? You really are a sad case. You own no shares in Union Jack, you are an avid supporter of the miserably failed UKOG. The two companies couldn't be in different position, you chose the dog and now you try to slate this and anyone who posts positively. Ultimately Union Jack will be valued way higher than it is todaynwhatever is spouted on here whist your other investment will continue to raise millions to keep the lights on. Your last name certainly represents your opinions on UJO.

If I thought for a minute there was any likelihood of failure here, I wouldn't waste a moment of my time defending it. I am, as stated, a long term investor who sees a company with a strong revenue stream, a gold mine of an asset in Wressle and a great outlook going forward. We are in trying times, UJO is certainly not at risk like many companies who are reliant on raising funds, companies who are having trouble raising sustainable amounts of cash in the present climate. I see many potentially looking to join forces in order to survive. Union Jack have no need to raise, join forces or borrow, for me that ensures longevity. Next week (or earlier possibly) the bank balance will be considerably bigger. The SP will start reacting more positively at some stage, that is a dead cert.

the SP in between news. People are selling, not because of the state of the company which is in excellent financial condition. There is a fear of recession, the world is in a mess. Cash is and always will be king. Right now, no major news expected imminently, obvious the SP will drift so people will sell. News that is imminent is the latest $1,000,000 income from Wressle. There's a CPR and a reserves report due at any time within the next 8/9 weeks and a possible update on the court ruling for a capital reduction. This is likely news. There will probably be more. In the interim it's a case of hold or sell whilst awaiting some of these events. I am a long term holder and have no concerns with the present form, I have no need for cash and have the patience to wait for the recovery in the SP.

As you know Mickybee, there WAS an investigation, that is known due to the upset shown by Winnifrith and his 'journalist' ex associate Peter Braily, who were the initial source of the leak. The result of that leak is likely to have been passed onto the relevant authorities who would insist on some sort of non disclosure. Think about it logically, there would be no gain to the company or its shareholders whatever the outcome. Regards the GF report, if it ain't ready, it ain't ready. It will be published, DB has stated as much, too many people think they can run the company better with absolutely no experience in the oil industry and no understanding of how the wheels turn and why decisions are made as they are,

Itsawrap, you 'quoted' me knowing full well I had no change of position as you suggested. There was confusion over the timescales which was discussed and to which I responded. In the UJO RNS it stated the CPR would be in the third quarter. That is my belief and that could be, as I stated within the next few months. The Reabold presentation stated July. This was the nature of the debate and I was including both of these timescales originally. I have never changed my opinion, I prefer UJO's timescale as keeping to a date is not a good idea, as experienced by ANGS shareholders. I apologise for calling you a dick, I think you probably misunderstood my comment and as I am so used to being attacked on here I read your comment as provocative. As far as DB goes, one thing I do know he is one of the better CEO's, his interest does not lie with getting rich. He is 71, what he wants is success for Union Jack and like any other UK oiler, he suffers more than his fair share of abuse. But in reality, and regardless of the time taken to get there, he has brought the company to profitability by the investment decisions he has made which is pretty rare in this sector. I see a strong future for the company from here, very low risk and potentially high reward without the worry of fund raising. It's been a few tumultuous years, that I agree, but it IS time to focus on the future here and the excellent potential from Wressle and hopefully, the remaining assets too.

Positive comment followed by a dozen negative posts from the same people. Ask yourselves, why would anyone want their investment bulletin board presenting a continuously negative face for anyone looking in? Over £8m in the bank, debt free, profitable, $1m a month revenues, awaiting a glut of good news and let's keep focusing on the CEO's wage (which is less on the pay scale than many unprofitable, poor asset, debt ridden AIM companies) the results of an investigation last year and previous issues with fund raising leaks. The company is heading towards an exciting future, no placings in the pipeline, cash rich and this sets it apart from most of its peers. Right now we are potentially heading for a recession, the markets are reacting very poorly to news. UJO will be a survivor and the people that hang in there will ultimately be rewarded. OK boys, your turn to trash this!

usual culprits to appear and start demolishing any positivity did it lol?

I'm not worried about UJO, look at all the positive news to come. Right now, even with the oil price as it is, EOG, EDR, all retracing, not just us. The fact is, the future IS bright and genuine shareholders know this and will sit it out. 2022 not like any other year in Union Jack's history and I for one, as a genuine shareholder remain confident that the company will go from strength to strength.

Did he say they need to raise £1,000,000,000 lol? How many shares is that? 1,000,000,000,000,000,000,000

When you look at the state of UKOG and their RNS today, you should he grateful in what we have with UJO. Both with UK onshore assets but only one reeling in the cash, debt free and profitable.

Mymine, It wouldn't be so bad if the counter response wasn't jumped on and drowned out within the hour. The problem here is that anything remotely positive is immediately responded to by a number of activists who have nowhere else presently to set up camp. I can genuinely only pick out about half a dozen genuine holders on here, the rest are waving the green flag. I prefer to read the UJO Twitter account nowadays. Far more moderation and respect between shareholders. These BB's are open to abuse and unpleasantness with no respect for each other.

Please feel free to report me, not as though being unable to post on this deplorable, scum filled bulletin board would break my heart lol The majority of hate ridden, non shareholders on here hardly represent the actual true shareholder opinion of the company or the management anyway. How many unique posters are there on here? How many actual shareholders post the bike here day after day? 6? 8 maybe? This is a base for activists and haters to back each other up with post after post of negative tripe.

The problem as I see it is that to avoid a leak with the placing, the company needs a broker who can action and close a placing within 48 hours and perhaps with some big takers of stock. The leaks here have been caused by the brokers inability to raise the funds without going to a number of sources which takes time and allows forward selling. The foreard selling then indicates a placing coming, private investors join the fray and that in turn creates an exodus of selling. This is why I believe that is all over now. There is no need to raise any cash looking forward and this offers some solid security now to anyone buying these shares. The present drift is nothing to do with the leaks or loss of confidence, it is to do with expected timescales. Biscathorpe potentially year end, gas to monetisation the same. Divi awaiting court approval, West Newton CPR third quarter so potentially up to two months away, the Wressle extended reserves report that whilst I am confident it will appear, the time it is taking is causing a loss of confidence in its content. Although with the present production, with no oil and free flowing, I am sure it will be excellent. This is why I have every confidence in the board to bring exceptional value here as the rest of this year proceeds. Right now, with no news, as with most shares, they just retrace and you can see that in many stocks.

Milnrowmug, in all the years UJO have been on AIM, they have pretty much made good investment decisions in the assets they now hold, one which has changed the fortunes of the company and increased the likelihood of success. What exactly have they presided over, other than the leaks, which I truly believe were from the brokers on, not at the source.?

I know precisely what I am doing with UJO thanks.

Your focus on the leak investigation is bordering on paranoia. It was done, a lot of people who found they were part of it were pis*sed off, a lot on here strangely disappeared and there have been no other leaks to date. Done and dusted, you really need to move on with all the positives now and focus on what the company has to offer shareholders.

I'm an institutional investor and with the way the markets are, I fancy a bit of an exceptional producing well with far greater potential to follow.

There are three partners, all AIM listed. Who shall I choose?

Egdon Resources, the operator, have a 30% share of the field. But they had to borrow a million quid from Union Jack to keep going. Their other assets contain a lot os shale has licences which may or may not come to fruition, a couple of onshore oil prospects that Union Jack also have a share of and some other unlikely assets.

The next partner is Europa Oil and Gas. They had to be subsidised with a director loan a while back, their income now relying on their 30% of Wressle, little spare cash and a good as wildcat well in the Irish Sea to fund.

Union Jack? 40% of Wressle, the biggest share of most of their other assets, over £8,000,000 in the bank and a million dollars plus revenue every month. Yes, it's certainly a difficult decision. Let me take 10 seconds to think about it!

Totally incorrect that!

Peter, you know full well the meaning of what I am saying, Nothing negative, it is all coming, but UJO themselves cannot speed it up. You'r jealousy over the success at Wressle against your disappointment in UKOG is so plain to see. Perhaps you should have a little flutter on Union Jack, best chance of doubling, tripling your money imo.

to see people moan and moan for year after year then when the company eventually turn a corner, nobody has any patience when it's quite obvious that there are some big, positive achievements are about to be realised. The Divi has to go through the court process, that cannot be expedited. The reserves report is coming, it will be released when it is complete. Egdon will start on the gas when they do. Rathlin will commence West Newton when they are ready. Union Jack can't make it happen any quicker but as these things come to fruition, the company SP will re-rate. I know it is easy to say be patient, a lot of holders have been nothing but, now patience is a lot closer to realisation than ever before.