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Union Jack Oil – argues “significantly upgraded” Biscathorpe-2 well result, BUT…

By HotStockRockets | Wednesday 17 July 2019


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Having previously banked gains on Union Jack Oil (UJO), we re-recommended at the end of last month at 0.19p to buy noting with the initial West Newton result excitement having calmed down and new funds raised, it looked a good opportunity to get back on-board before the potential excitement in the second half of this year and that the ‘commentators’ who ramped last time in a fairly aggressive way had not gone away & indeed participated in the placing. The shares are now 0.27p to sell on the back of a Biscathorpe-2 Well Update

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