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Its a wrap. It is not a contradiction saying third quarter as against July. It's basically the same, but with a minor get out clause.

I guess you are nome the wiser on what goes on between UJO and Egdon behind closed doors though RNSTranslator, so you would be unaware as to how DB deals with them or what is said. I doubt DB sits on his ars*e bowing and scraping to Mark Abbott!

Have you not noticed in the Reabold RNS on West Newton, they state July for the CPR, whereas DB in his states 3rd quarter. I believe UJO have always been far more cautious in timescales. I would think DB is far more conscious of the way the industry works than most. He cannot however contradict an operators statement, how well do you think that would go down. If Reabold don't get that CPR out in July, Union Jack will still pay the price for any delay even though they stated a potentially later date.

It's a wrap, Egdon are the operator and they set the time frames. Would you suggest DB contradicts them or agrees with them? Some of the utter tripe that is posted here in an effort to demoralise is laughable. Union Jack Oil invest in the companies that are operating the assets, they do not dictate these JV partner's plans. I don't think anyone can accuse DB of underperforming, when regardless of JV actions, he has ensured over a million dollars a month revenue by increasing our percentage in what is almost certainly going to be the breadwinner here for a long time. It is Egdon that seem to be dragging their feet over Keddington, the Peni*stone Flags and the gas at Wressle. I daresay DB is as frustrated as every shareholder on this.

Its a wrap, you will be asking the company to wipe shareholders ars*es next lol. The details are in the resolutions on the website, you can google the process, information is at hand without having to spell everything out. Some of the statements on what the company should do, how it should be run, how the wells should have been drilled, what the company should do with their assets, well, you'd think the board were all first timers

I think the company will be looking to attract institutional investment, hence it's a divi for me. Whilst the market cap needs a boost to get from under the radar, the divi will more likely do the job. Regardless of the daily trashing Union Jack gets here, it is generating a good cash revenue, it is debt free and it is profitable. For a small AIM oiler, having almost £8.5m in the bank which is increasing month on month is no mean feat. With the options to substantially increase this from just one asset and the potential sat at Biscathorpe and West Newton, one believed to be the biggest unappraised onshore hydrocarbon discovery in the country and the other the biggest gas discovery in half a century, well, I think this makes Union Jack a strong long term investment opportunity. Obviously a gamble, but in my view a pretty safe one in comparison to many AIM stocks. And an institution will think the same once there's a divi in the table.

DB cannot present the application to the court before it is approved at the AGM tomorrow. I would imagine there would be a 4-6 week timescale to get it there, get it passed and announce the decision. Either way, by the end of next month we could well be seeing a divi confirmed, a West Newton CPR and a West Newton Extended Reserves Report so plenty to come over the next month or so

RNSTranslator, considering the flow rate has been maintained at the level stated, month on month, would it not be reasonable to assume the pressure has also been maintained? It is free flowing, unassisted, at 700+ bopd. Until stated otherwise, pressure is still doing the job.

whether the divi and share buyback will be approved. I am quite confident it will.

There are now two CPR's outstanding, well, one is an extended reserves report. Will Wressle life be extended? This is an extraordinary well, heading towards quarter of a million barrels with no drop in pressure, no water and continuous flow rate. Options to substantially increase output from existing well and other zones. West Newton is a side issue imo, the costs will initially be to prove up one well. If they get the gas out then what a different company this will be. Reabold will look to sell that asset the second its proved commercial, all this 'in 2025, 2028 rubbish is just a forecast, it will never come to fruition for UJO and the JV. Lots of news still to come in 2022, confident in a much higher valuation here.

Oh no! Oh gosh! Make sure you tell us all when it goes back up!

Mrs Wamp, you have failed to call anything correct on any of the UJO assets. You were made to look a a bigger fool than you already are at the planning meeting, as you were with your letter to Mr. Gove lol! Keep going, you are bound to get something right eventually!

written West Newton off, how everyone on here was using it as the biggest reason for failure, for the SP being where it is, how it would never come to fruition, that it would never flow, can they all be saying now that the fact the SP is so shi*te is because it is not a failure lol? We have gone from losing an asset to regaining it with a far greater knowledge and potential. No pleasing some.

Latest note stating £1.82 BUY

had discounted West Newton from any value to UJO, the SP had dropped on the sorry results from the drilling campaign. Lab tests now confirm they can flow hydrocarbons commercially. Does anyone think they can now, with that data, just pop back to the site and drill a well? They will need to orchestrate a drilling plan, get everything back on site etc. In my view this is a new bonus long term, we have Wressle for now, the additional Peni*stone Flags, the gas to grid, the potential dividend/share buyback. Thats without Biscathorpe and Keddington, North Kelsey etc. Union Jack is in a very good place in my opinion and as a long term investor I can wait for all this to come together.

Lab Results Demonstrate Flow Through Reservoir Sample
– Modelling Indicates Significant Production Potential

• Phased capital investment significantly de-risks the financial profile of the project

Absolutely no way, imo, will Union Jack be loaning Reabold/Rathlin the cash to move forward with West Newton. The company has a perfect balance in that should things go well, they make a game changing amount of money, should things go not so well, their losses will not have massive impact on finances. Bailing out Egdon is one thing, it's not happening here.

are going to get severely bitten on the bum with Union Jack. One day a piece of news will hit that will push the share price up to where it belongs and everyone that has traded it in between 'expected' news flow will have to pay up or butt out. That day will come, and with the monthly revenues coming in, the cash in bank, the unlikelihood of ever having a needed placing and a few assets that could completely change the outlook here, it could well be this year. Sooner or later this company will be seen as strongly investable. Sooner or later there will be institutional interest and sooner or later, I am sure Heid will get her quid!

Nice to know there's more news to come then!

what if the resolution is passed and a dividend is announced, the extended reserves report proves to be sunstantially better than believed and operations commence at West Newton? Will a few here eat humble pie and admit their incessant negativity may have been a little over exaggerated? I believe the company is on track for a strong operational and financial outcome for 2022. Next week, the earlier the better, we should see the $7m landmark revenue and over £8,000,000 in cash in the bank. This is an exceptionally good position to be in whilst awaiting any operational moves. Those assets aren't going anywhere, every month that the JV partners are working on other prospects or preparing the way for Union Jack Related investments is another month the bank balance is increasing, ensuring we have the cash ready for all upcoming ooerations. No placing security!