For the first time in28 Jun 2022 14:19
the history of Union Jack Oil, it is seeing substantial revenues, is debt free and profitable. This changes the outlook moving forward and this cannot be compared with the past. Any AIM company lists for one reason and one reason only, to raise money. That is to raise in the hope of making the company a success. David Bramhill has raised cash, successfully, over the years and purchased and increased ownership in some good assets, one of which is now returning $1,000,000 per month. With the 40% amassed, throw in the additional revenue that will almost certainly come on line, (the additional oil zones and the gas) this will prove to be an extremely lucrative and clever move.
Without going into all the other asset potentials, Union Jack is looking good to thrive and prosper moving forward. It is absolutely pointless harping on about 'lifestyle company' and all the other bull being spouted as in reality, the past in this case is not a guide to the future.
It's pointless saying exercise some patience as many will have already done this for a number of years, but it is also pointless to try and trash the company and the management at a stage by where the chance of seeing some long awaited value in the SP is far greater now than at any time in the past.
Profitable, Revenue Generating, Debt Free, small management team, partnered in two major discoveries and one major producer (major for a small oiler).
People need to give DB a chance now to develop the company. A company where shareholders can be reasonable safe in the belief raising funds is unlikely.
Whilst the price of oil is going up, the vast majority of oilers seem to be stagnant, it is not just UJO who have released what must be about two dozen RnS's in the past 6 months.
I have seen a marked improvement in communication this year, via RNS, interview and Twitter. The tide is turning and my faith in a favourable outcome here is 100% positive. It really is about patience now, patience for the revenues to build, patience for the assets to now be developed, patience with the operators who we think should be moving faster.