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that a bulletin board to discuss a particular company is demolished daily by people that don't so much as hod a share. The first positive comment is immediately drowned out. As far as the company is concerned, every comment is in the most guesswork and will be proven correct or not. The only one thing that is surefire un-contestable, is there's in excess of £7m in cash in the bank and that alone ensures a strong level of safety for investors.

should see the $7m landmark revenue from Wressle if we assume the production rates have remained as food as they have been over this period. With the repayment from Egdon, the bank balance will likely be in excess of £8,000,000. This offers tremendous security for investors. No chance of a placing to progress the gas to monetisation, Keddington sidetrack, Bicathorpe side track, commencing operations at West Newton etc. For any oil company to be in this position is actually quite remarkable regardless of the constant negativity on this bulletin board. The outlook is excellent and the share price will react to the confirmation of certain operational actions. The extended reserves report that people whinge is taking too long to produce, well, think about it, the production to date has been stable and far greater than ever expected. The Gaffney Cline data will come and when it does, for every additional month it takes to complete, the greater the outlook will be. Long term Union Jack is going to be a solid investment, there will almost certainly be a divi or share buy back, there will also almost certainly be some institutional interest. For me, regardless of the SP fluctuation, ultimately it will all come good and the anti-fossil fuel posters here will move on to another company they can try and drag down. I would be far happier investing in a profitable, revenue generating debt free company like Union Jack than most of its peers who will need cash and have limited resources and assets. For any actual real shareholders on here, be confident, because there is nothing negative to come here in my opinion,

"DB needs to come up with something, and soon to restore sentiment here"

'here' is a bulletin board infested with activists, there probably only half a dozen real shareholders 'here' and sentiment shown by them in the main, is positive.

DB is progressing what can be progressed as an investor in oil prospects. People forget he is nit the operator and has limited options when it comes to speeding up the operational side.

As an investor, he has secured the company profitability, substantial revenues that from those investments will increase significantly and has brought the company to profitability.

Remove the Activists, the people who have no interest in this company other than to post continued negativity and the idiots like you know who and positive sentiment would be the only sentiment on here! Have a great weekend!

And you should, in all reasonability, that will be significantly increased.

Crocqman, we can expect a cash balance in excess of £10,000,000 by the end of the year as a minimum. Before the usual few say 'yeah but they have to fund West Newton', they do this in stages, so cash flow will remain impressive. The $1,000,000 per month is increasing and does not include any revenues from Keddington, Fiskerton and the Royalties, which although presently held in escrow, are still contributing to the overall stream.

We are likely to see commencement of the monetisation of the gas, almost certainly after the AGM a statement to confirm a share buy-back or dividend, West Newton I believe will see some update too. Additionally I am quite confident planning will be given for Bisacathorpe and that asset will be a corker I am sure. In a nutshell, news this year is far from over and I expect to see a marked uplift in the SP from this level. As I have said previously, on a high risk platform like AIM, Union Jack is in an excellent position compared to most being cash rich, debt free and profitable. And that is the one thing the naresayers (mostly greenies and activists) do not like to hear on here, as most of this BB is made up of them!

Persimmon, from what I read into things, West Newton is not years away.

Any idea what time for this call Roy? I'm watching stranger things you see and don't want to be interrupted.

pointless. With Royoboy the no shares activist and his chums disrupting it hour after hour, day after day, hardly worth hunting for an intelligent comment.

Then stop behaving like a fool! Suggesting I am DB lol. Money is coming in, no placings required, the SP will eventually start to react. It's all positive. Anyone would think they have no future and about to place to keep the lights on. Every time the SP drops, you are in it. When some good news comes out, you are on it again but never a positive comment. Just droning on and on about the investigation, like it really matters. Virtually nobody cares, things have moved on. You havent!

Ask yourself one question, there's an easy answer even you should be able to come up with:

Why would David Bramhill waste a single second of his life arguing the toss with you or anyone else on here when he has $1,000,000+ a month coming in, getting a good salary and moving the company forward?

Itsawrap, if it were UKOG or anyone else, I would not be able to say such a thing but Union Jack is a rare commodity now. How many oilers on AIM can boast the safety and security of the UK, be in profit, big cash balance that is expanding by the day and have the near term assets they have? With life comes sh*t, but one would have to be incredibly unlucky now for this to go bad. It's one of the better bets in my book.

Mickybee, answering your ridiculous comment isn't worth thinking about,

(Or maybe I shouldn't) that considering the turn around in the company's fortunes this year, that certain people cannot afford them the time to exploit their near term revenue assets, instead of harping on about a past that will not be repeated.

For the first time in the company's history, it is generating impressive revenues. It is debt free. It is profitable. There is little risk of any placings and hence no risk of leaks. Over a dozen RNS's this year, none have been compromised.

There are a number of exciting opportunities to double/treble present cash flow, yes, $3,000,000 per month is easily achievable when the gas is monetised and the Pen*stone flags is accessed. This doesn't run the risks associated with new drills, they are low cost exercises with big returns.

People ranting on about the investigation, the extended reserves report and all the other tripe I read on here are not genuine shareholders wanting the company to do well. They are in the main activists, bitter ex shareholders or just part of the group of negative spinners who seem to target all of the small AIM oilers. No offence Mirasol, Persimmon, Rnstranslator, but you are part of that group. You target UJO and a few other small oilers on some sort of a rota, you are purveyors of negativity, intent on killing off any sentiment.

Union Jack Oil in my opinion will go from good to better this and next year, there will be no stopping it. If they just concentrated on Wressle alone, the market cap would creep up, it would have to. But if Biscathorpe comes in, or the gas at West Newton and /or Wressle, nobody will be complaining at 50/60/70p and that is being realistic, not ramping.

I agree that Union Jack has had some tumultuous times, but now really is the stage of big change and nobody is going to lose money investing here moving on.

As a shareholder? Yeah sure you are. If you were you wouldn't spend every spare moment spouting your negativity. Dragging the sentiment down is a super way to increase the value of your investment. If you were that miserable about it you would be positive and get out as soon as you could. And am I DB lol? Yes mate, I am. In between running an oil company I like to spend all my free time talking to the likes of you, Royoboy, Mirasol and Persimmon lol. Use some common.

Mickybe, how can you demand updates and news on divi and share buyback when you know full well they have to be voted on at the AGM later this month? How can you demand updates outside of an RNS? Gee, you drone on about the investigation into leaks now you want insider info? Do you think DB just sits there supping his gin and counting the dollars, with no forward plan for the company? UnionJack is no longer the company it has been, it is now profitable, revenue earning and looking a lot better than ever before. How about you give the board a chance to now get things moving with no risk of a placing.

Yes, and good, make hay whilst the sun shines. People focusing to much on the short term and the present SP being static. However, anyone with a little common will know that putting the company in a position that it can carry out all its operational commitments without doing a placing is a big step in creating value. Bringing the gas to monetisation will be done with cash from the bank with hardly denting the balance. Keddington side track, the same. Regardless what some may be trying to suggest, Union Jack is heading into a seriously good situation and when the next operation is carried out successfully and many other companies are struggling to raise in what is likely to be a major recession, shareholders here will have some comfort knowing this company played a winning hand.

That comment may likely come back to bite you on the bum Ninetails.

All AIM stocks are risk Rnstranslator. But if you wait for perfection, you lose the chance of big gains. I see low risk with Angus on the basis any delay would see a strong recovery with patience as the gas will come on line. I wasn't aware of a time constraint in terms of their supply contract, but that does not change my opinion of the company as an investment. There are certain stocks that will almost certainly come good, Angus I believe is one, Union Jack and Egdon also. You have stated your lack of confidence in Wressle and its longevity, the delay in the Reserves report etc, but that will come. Egdon are not that cash rich but there is a strong likelihood of fracking being permitted, so on their present non fracking assets, i see little risk but big gain if it goes ahead.

Right now I would be a buyer of UJO, ANGS, EGDON. UKOG no.

Uj for it's revenue stream and projected operational plans, Angus as now approaching first gas and Egdon for the same reason as UJO, but additionally, the high likelihood that shake gas could be given the go ahead so a fair punt.

I note you post negatively on UKOG, Egdon, Angus etc, to name but a few. Are you an investor in the stock market, or just an activist targeting oil and gas stocks?

I can't recollect a time when you have ever posted anything positive!

Correct Mickybe, you could scroll back to the day I first posted here, I am not up anyone's ar*se. I believe in the right to post here any opinion, some I think are fair, some I think the opposite. I wouldn't bet on Heids pound by Xmas, but I certainly wouldn't bet against it either. I think there's a good chance of flowing the gas at West Newton and I am pretty confident Biscathorpe will get planning approval and produce oil. Whether this will be by Xmas, I don't know. The extended reserves report could just blow everyone out if the water. I believe in the reason for upgrading it from a CPR even if a few try to suggest otherwise. We will soon see whether it's a one year wonder as Rnstranslator suggests or a compelling, long term producer.