Wressle

16 days ago

Union Jack Oil and a £1 million loan: is it to fund payoffs when the troughers get fired on 26 June?

On 26 June at the AGM of Union Jack Oil (UJO) , which I shall be attending waving a proxy paper, the three surviving troughers ( David Bramhill, Joe O’Farrell & Zac Philips) will be voted off the board and new boss Craig Howie will immediately terminate the £120,000 consultancy agreements of poodle Philips and snivelling coward and current NED Graham Bull. In that light the company, which claimed to have cash of c£1.5 million at December 31 2025 has just announced that it has taken out a £1 million loan from Egdon Resources. WTF?

1368 days ago

The two charts from Union Jack's own report which tell you why this is a sell

Is that Peter Brailey I hear saying “I told you so” as he sneaks off for a celebratoiry fag (again)?  Today, Union Jack Oil (UJO) has published a long promised report by Gaffney Cline on the Wressle field. What is in the RNS talks about reserves and a load of other yak. The damning story is in the report itself and is summarised in the two charts below.