UNION JACK OIL PLC ORD 0.025P

LSE

UJO

As the drill is coming up in most likely November now this is a good play to keep a watch for then. 2 crosses - one bullish & one bearish short term I think there will be a further touch of support before any bull run move to come ahead of drill I hold at 0.087p and will add more sub 0.09p If oil strikes at 14mbpd you are looking at a 24mil mcap vs present 5mil...

major price congestion at 786 fibs and a little lower so make sure you get those stop losses in. Nothing is guaranteed but will keep my eye on it. ADX indicator lost trend movement at moment.