UJO SP26 Apr 2022 14:04
It's getting very tiresome not punching through the 30p now. One positive RNS after another, highest sentiment for two years, $5,000,000 revenues from Wressle, a well that looks increasingly promising, with a lot more to come on increased oil flow and gas monetisation. Placed second only to Wytch Farm for production, and other zones that are set to increase overall output, Union Jack has a future far greater than most.
Biscathorpe planning will almost certainly get the go-ahead under present conditions, West Newton has been given the green light, 2022 is set to be a tremendous year for the company yet the SP seems trapped in a hole it cannot get out of.
Many have discounted West Newton but I believe they will get the desired result there. The hydrocarbons are proven, getting them out may not have been as easy as Rathlin expected, but I think the fact they have pursued the planning it will lead to a successful outcome certainly for the gas.
All in all, a little more patience will pay off big time imo!