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Union Jack West Newton Competent Persons Report shocker or damp squib?

By Tom Winnifrith | Thursday 29 September 2022

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.

Oh dear, oh dear, the much anticipated report from RPS Energy is a damp squib at best, a shocker at worst and one which begs numerous questions for the journalist smeatring troll of a CEO David Bramhill, not least one about a clear funding gap and others about fracking which is sure to enrage the locals up in the East Riding of Yorkshire. With help from the UK's greatest living chain smoker I ask a few questions and leave you to draw your own conclusions. My own conclusion is that Bramhill remains toxic and at 30.25p a £34 million market cap is wholly unjustified for Union Jack Oil (UJO). So the points that scream out from the report:

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