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'That Spanish bird that works for David' lol

Do you mean the 'Italian bird that stopped working for the company last year?

And you are an investor? Seems like you know absolutely nothing about Union Jack whatsoever Roy

Most of the posts of Heid's that have been removed, have been the actual thread where the likes of Royoboy has destroyed them. So when he says 'she's had her posts removed' it's actually HIS and others that have been removed lol I am sure that in the main, most people would recognise her posts as literate and factual, and read her posts in preference to Roys, which are quite the opposite and mostly pointless!

Obviously more than you if you believe what you say RNST. You are getting more and more desperate to find something negative to say about this company, the progress it is making and the future it has before it. In my view it will be winning some races and not coming 6th!

Sometimes a regularly unplaced gets a new trainer and wins a few races. Sometimes a horse is trialled on a different ground surface and it is discovered it excels. You can keep bleating on about the past but it does not follow suit it will continue to he repeated.

Whereas there was as good as guaranteed placings in the last few years and the leaks caused substantial losses in value, this is now looking extremely unlikely to be repeated.

Every month/5 weeks an additional $1,000,000 is coming into the company. There is a considerable amount of gas being burnt off that can be converted to cash. Not as though it has to be drilled for, it is there now ready and waiting.

Increasing revenues is now the task for the management, no more fundraising, no more asset acquisitions required.

This horse is going to placed in every race imo.

Getting rather desperate RNST, if all you can correctly state there is a grammatical error. You are slowly but surely being proven wrong about this company and its management and it is obviously hurting, will you be saying the same at 50p? Maybe time to move on. It's about the future here now, not the past.

you are, I am sure, aware that for a company to release audited accounts with the 'ongoing concern' statement, that they have to prove they can cover their liabilities for the year ahead. With covid along with the oil price fluctuations back then and the global insecurity, I am quite sure DB did that placing to ensure the company would be able to be considered as such. Easy to say now with all the revenues coming in it was a mistake, but had West Newton not been as successful, the situation could have been quite uncomfortable. Always best to look at the worse case scenario imo.

I wouldn't be so sure Ninetails, my feeling is that fracking will be granted with conditions https://inews.co.uk/news/politics/cabinet-split-energy-strategy-grant-shapps-contradicts-kwasi-kwarteng-onshore-wind-farms-1554499

One could reasonably presume as the lawyers have been engaged to put in place the necessary procedures to provide a dividend or/and a share buy back, there is no intention to spend cash on another asset requiring a raise. There seems a mission in hand to build on the revenues. Presumably to ensure Biscathorpe, Keddington and additional drilling at Wressle are financed. These must be the near term prospects planned imo.

the fact is, the company HAS turned a corner many others never do. They are turning a profit. The $1,000,000 announcements are coming over shorter time frames which suggests the increasing oil flow along with the increasing oil price is building a strong bank balance, ensuring the likelihood of any further placings are slim. Another element of safety for shareholders. The investigation was quite obviously done, worth noting since then, many of the posters who spent every day slating the management appear to have disappeared. The details will most probably have been handed over to the relevant authority and it is very doubtful we will hear anything more. Anyway, loads of RNS's this year so far, nothing leaked and with no placings, this really should be put to bed and people look to the very positive future now lying ahead.

Could you translate the following from Wenglish to English please for those amongst us who have no idea what you said?

"Is your firm beef because you can't afford the gas to cook it. fair play you haven't a clue all guess work to you beef to David he got some gas you will need to take a tuppence ware carton with you"

I'm entered. Didn't realise this was on the website, been running fir months.

you can win a poster in a competition on the UJO website. Wonder if its an 'oil' painting lol.

Mrs.Swamp, I bet you said the same about Wressle, it won't flow. It did. Previously 'you wont get planning'. They did. Now West Newton, 'you won't get planning'. They did. Now, 'it won't flow'. Do you think your record of predictions is good enough for anyone to actually believe them? Biscathorpe next lol. What say you on that?

even to RNSTrans, that Wressle is going to be the Jewel in the Crown for Union Jack. Like it or not, the revenues are far exceeding predictions and it is more than likely the change from the awaited to CPR to a much wider Reserves and Resources Report will increase the longevity and OIP and provide data that will support the JV partners confidence in this licence.

It is also quite obvious to anyone who isn't posting here due to their activist agenda that the share price will gradually improve to reflect the income and the bank balance. There is no doubt in my mind and that of others, that a pound is now on the cards and with little chance of the need to raise, a possible share buy back and divi planned, there will almost certainly be some institutional investment once the 50 million market cap is breached.

Some on here don't like that thought, always looking for something negative to say, something to damage sentiment. But they are now the obvious minority. It id worthwhile noting UJO's biggest critic, Tom Winnifroth, the man who claimed the company was going bust and a placing was due at any moment, has now receded into oblivion. Looking rather foolish now, he no longer attacks DB or the company on every RNS.

Union Jack Oil is heading towards being on of the rare darlings of AIM.

In waiting for the company to actually start making money, to patience now in waiting for the profit increases and the additional revenue streams that can be brought online quickly and economically. It's a totally different ball game now for investors, this is a company that offers a lot more safety than many on AIM. Strong cash balance, excellent assets in the portfolio and minimal chance of a placing, which to any AIM investor is a reason to invest.

Wressle is obviously becoming the jewel on Union Jacks crown, it seems to be getting better and better and I believe we will be seeing not just one well producing from the Ashover Grit but subsequent production from other zones. West Newton is the unknown here, lab tests have shown it is a prospect that can produce, will it? Personally I would not be writing this off. It would have been easy to walk away from this when the drilling finished and there was no flow to talk about, but the JV partners have achieved the planning permission to proceed and the question is why carry on if there was no possibility of any positive outcome? I think they will get some gas out, prove it up and sell it off. There is as mentioned in the planning meeting, interest from third parties. It could well be a case of drill, flow and sell which would be a fantastic outcome for UJO. Biscathorpe remains an exciting opportunity and the appeal is due to be submitted imminently, there is a much stronger case now for passing this and throw in Keddington side track, I really do see a pound here this year. That is a reasonable prediction based on what we know about Wressle alone.

I have never spoken to DB, never felt the need tbh. I try to interpret RNS content, OK, more to a positive outlook lol. But so far this year we have been blessed with a glut of news, all good and I think today is no different. The Gaffney Cline report has basically been upgraded due to the amount of data coming from the well and to me, if that takes a but longer, the outcome can only be more positive for us shareholders.

Pboo, every comment on here is 'opinion' , didn't you realise that? Or did you think all these anonymous posters were stating fact?

Gaffney Cline have told DB he would be underselling the importance of this well, and that a CPR just wouldn't cut it. And they would know from the data they are collecting. Wressle on its own is going to be transformational for the company and its partners. Patience on this one will pay dividends, literally!

£200k bill? Bugger, thats a weeks revenue from Wressle just to probe the longevity and volume.

change in sentiment amongst shareholders. The communication has quite obviously been made a priority with regular news releases, an excellent Twitter account unlike the previous few years, whatever the investigation achieved, as far as I can see it seems to have moved a few people on. The change from a CPR to a much more detailed report is exactly that, this well has obviously given up much more than was ever expected or even hoped for and it is right that this information is given out to investors in its entirety. It's already the second biggest producing onshore UK well, . Just how big is this licence area going to be? A lot bigger than anyone believed is the answer to that. Who cares how long it takes them to prepare all the data, the company will have a million dollars a month coming in whilst awaiting that report.