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05.20 Heid, really? Morning noon and night, you should try and take your kind off this, you really cannot be spending so much time on this, it is not healthy. It's as though you must be refreshing the page at every opportunity in the hope of reading a comment you can contest. The share price is poor, everyone gets that, it is poor for everyone, not just you. But however you look at it, attempts are being made to try snd resolve it . This constant and incessant attack really does no good.

I'm sorry Heid but you really are out of touch with the world of AIM investing. As for the 'renaissance' comment, don't you think the operators may have told David their plans before he stated his confidence in a resumption of West Newton operations? You seem to continually fail to understand that not only is any company who is not the operator restricted by their operational availability, plans and decisions, they relay what they are told and If anything, you should be berating Rathlin and Heyco, not David, Bear in mind, you yourself were spouting how you had spoken to Mark Abbot and he confirmed to you that Keddington was imminent. How come YOU believed it but David should not have? From the podcasts I have seen, I don't think he's misled or lied, I think he has purely relayed what the operators have assured him and it is they who have failed. Investors are always crying out for news. If he disbelieved everything the operators told him, there would be none. I also believe this is why he is diversifying away from them and the UK, just keeping the Wressle cash cow as a priority and getting on with other projects that will return cash a lot quicker.

Heid, in all honesty, what would you do about the Energy Profits Levy? What would you do about the latest Supreme Court victory in the Finch case and the repercussions that will come from that? What would you do about the challenge to the Biscathorpe ruling? What would you do about the likelihood of future challenges to planning or even permissions that are already in place that will now require downstream data, potentially impossible to glean? What would you do about ensuring the company has the finance in place to diversify as what is now beginning to look like a matter of urgency? Your answer seems to be larger dividends and buy backs with no new deals. Deals that are actually the lifeblood of any company looking for success for shareholders. Wressle was a deal. That deal was increased from a pittance of an investment to a major percentage. The reason the company is in the strong financial position it is now. The reason we are not seeing placings and dilution. The reason we are drilling wells in the states from cash flow. You mentioned Beacon and the loss of cash that could be given back to shareholders. What you fail to understand is that the investment was based on the success of a well that was likely agreed by the two company's geologists had a strong potential for success. It's been bad luck that it hasn't seen that success but had it come in, Union Jack shareholders would all be slapping DB's back. Not all drilling is successful but it is based on as much geological data as can be accessed. Union Jack is at heart an investment company. Some you win, some you don't. Investing into Reach seems to be quite a good move so far and one that could mean the difference between success and failure for the company with what is happening here in the UK! There's no way I would want the company using their cash balance to do nothing but pay salaries, do dividends and buy backs.

Heid, I am guessing at 4-500, could be more, could be less. I see no reason as to why they would buy more, it is new investors the company is lacking. And whilst I believe the story to be good, you can, I am sure, as it is pretty obvious, see that the UK onshore oil assets seem to be rather stuffed, likely the reason that investors are steering clear of this sector. The venture into the US could well resolve this issue given the chance to develop. So far everything seems to be progressing positively and in my opinion, once we get 3 Andrews wells drilled and producing we will see a far greater revenue stream, with lower taxes and none of the planning restrictions, objections or timescales we see in the UK. This new direction will obviously take some time to implement but without all the aforementioned, the time frame will be far shorter to production. We could certainly see three producing Andrews wells, the Wilzetta and the secondary recovery all producing by the end of 2024. There could be other opportunities along the way, more royalties, maybe other JV's etc. By Xmas we could be looking at a far better picture.

Heid why would I remain quiet? There is little to say other than mention any water at the Andews-1 well will almost certainly decline as is the case with wells in that area, taking the recoverable oil quantity higher with the fluid capacity restrictions of the pump turning to more oil than water. As to everything else, all noise as to people suggesting news could be more regular and informative. Sounds like there is lots going on, news will surely come when news is ready to be released, not at a time to suit a few possible shareholders and some non-shareholders. 20 RNSs this year already. A lot of company's would do well to get out one every three months.

Probably not one of the so vociferous contributors to sentiment destruction on this BB lol.

Very clever investor Pboo. Perhaps you should be an advisor?

On this stock is immediately stamped down by the same people every time. This is my investment and I will always try and defend it regardless of a few that try to trash it. If anyone thinks the board post on here must be deluded. I would like to think they think it's as full of crap as I do and know full well it isn't really worth the effort trying to argue a point lol.

I believe you and funstar are both in the 'challenged' category Micky. Try thinking about what you suggest and perhaps realise how ludicrous it actually is 🙄

Whilst the share price has been disappointing, and regardless of my positive outlook, I can understand the disappointment. I am disappointed. However. i am not blind to the fact there are substantial negatives to take into account outside of the company's control. The energy profit levy has had an extremely hard impact on the industry as a whole and has affected not only the sentiment amongst investors in oil and gas stocks but the intensity of the repercussions to this is being seen in major operators either pulling out or reducing their interests in the UK. Planning applications being refused, appealed and then challenged all adds to the lack of interest in people investing in stocks like Union Jack and this is reflected in the share price. When you look at the production from Wressle keeping the company in profit and the rapid progress in the US, all the whinging about DB, salaries, buy-backs and dividends is to me, childish, immaterial and unlikely to have any effect on anything. It's just noise that will be totally ignored as the people tasked to bring value continue on a course I personally believe will return value to shareholders. I, like most, are quite simply tied in with the choice to either believe this will come good or to sell out and move on. What is sad is that a very small percentage of posters on here are not shareholders and exist purely to try and damage any positive sentiment to satisfy whatever agenda they may have. Some are quite simply 'challenged'.

Yes, like you did UKOG no doubt 😂

At least I comment on shares I own rather than try to damage sentiment on stocks I have no financial interest in Pboo. There is something rather strange about people that spend every day posting on bulletin boards, pi55ing people off when they actually have no holdings in the stocks they attack.

If they were that 'disgusting' how come you didn't refer to them before they were removed Pboo, if they were so objectional to your sense of decency? Let me tell you... because they were valid and their removal gave you the opportunity to refer back to me lol.

No, you do not, you have absolutely NO understanding. No understanding of the risk, no understanding of the business and certainly no understanding of life. You need to take yourself off social media where your emotions and ego have run riot.

Pboo, I am not contesting that fact, I am merely pointing out that this ruling in effect is not putting the lid on development as has been mentioned in various articles and that even if there were thoughts of that ilk, small companies will continue to produce beneath the threshold. This ruling will merely prolongs the pkaanning process and create a little more paperwork. Finch has simply caused more disruption but after 5 years it is not that much of an achievement in terms of stopping the process.

Today could have little or no impact on any onshore UK oil company.as there is a 500 tonnes/day (c. 3,700 barrels/day) production threshold for which an EIA is mandatory for petroleum extraction developments. The combined total of Wressle, Keddington, Biscathorpe if it was mobilised, North Kelsey and West Newton would not total this amount combined and therefore would be unaffected by the decision.

I agree itsawrap, it would appear Heyco. Have actually taken over Egdon's decisions and actually slowed down their operations. Mark said last year Keddington was on the cards then, we are now half way through this year and no sign of anything happening. Makes you wonder if they are just happy to have the cash coming in and don't want the work.

Heid, you asked me not to mention you and there you go, dragging me into your rubbish, i am my own mouthpiece, I retain some confidence in the management and the future here, my confidence only reflects yours a year ago when you were promoting your beliefs. Just because I remain positive does not make me a company mouthpiece. If so, then you too were the same not so long ago. One cannot escape the facts regards the situation in the UK ND i am quite sure everyone can see the situation evolving. It is not de-ramping as Pboo suggests to be honest enough as a shareholder to express the facts regardless of whether they are negative. I have every confidence in the future of Union Jack, I have no confidence in the future in the UK and all credit to DB for seeing this is time to do something about it.

It's not deramping Pboo. Regardless of your opinion of my positivity, Union Jack itself is not the problem right now. Nobody is doing any good in this sector and the blame lies firmly at the feet of the government and the activists who are challenging every application to explore, drill and produce. DB's decision to spread the company's wings could well be a mitigating factor in ensuring shareholder's still have a chance to see value here where other companies have failed to take the same initiative.

Who in their right mind would buy into onshore oil and gas right now knowing if Labour get in, the EPL is going to increase and they are going to remove the tax relief on operational costs etc. In my opinion it's not worth Union Jack even bothering to invest any more into Biscathorpe, West Newton or even Wressle right now. Keep Wressle flowing and pile into the US. Let's hope the second well spudding is announced soon, flow rates meet expectations and the company sees a 'renaissance' itself. No doubt in my mind the Oklahoma decision has saved what could be torrid times ahead.