You can't really get much better than this!16 May 2022 16:53
There are few AIM Oilers sitting in such a pretty position as Union Jack Oil (& gas)
Two of their main assets offer a lot of speculative excitement value, namely West Newton and Biscathorpe. Both are potentially substantial recovery plays and they are considered by the JV to be achievable. Now a few on here try to suggest they will never happen, But the management of both think different and in all honesty, I would rather place my hope of success on their opinions than the likes of some of the folks on here.
These assets are to be envied-
Biscathorpe: Largest un-appraised onshore hydrocarbon discovery in the UK
West Newton: Biggest gas discovery in 50+ years
Wressle: Now second only in production to Wytch Farm.
There's a fantastic future waiting here and sooner or later the share price will reflect this.
The annual report did not really say much more than was already known, but in fairness. It was last year and the report for 2022 will show exactly how well the company has moved forward.
David's interview again, may not have told a lot, but you couldn't help notice how confident in the future of Union Jack he was and with £7,500,000 in the bank and another $1,000,000 coming in probably next week, why shouldn't he be?
Fully funded for all operational costs for the next year, cash rich, profitable and a few easy routes to increase revenues further.
Gas at Wressle will add a further sizeable cash input into the bank and then there is the *****tone Flags and Keddington.
At long last, this company is investable, it will get the attention of an institutional investor or two and I do see this reaching a pound by year end, subject to a few operational movements coming to fruition.
Meanwhile, I think bit by bit the SP will start to move Northwards from her on in, interest will increase I feel.