Cassiopeia Data Series: Intersection of Data and Disruptive Technologies

In this Information Age, data has become one of the most valuable assets in society. Data is defined as pieces of information collected to be examined and considered, and used to help decision-making; or information in an electronic form that can be stored and used by a computer.

The Global Big Data market is expected to reach $118.52 billion by 2022, growing at an impressive rate of 26.0% from 2015 to 2022, which includes the aggregated value of data in different products and services. The main factors driving this trend upwards are growth in consumer data, superior information security, and enhanced business efficiencies.

The data market is vast and full of opportunities, especially for those developing and curating technology. The total number of data workers in the 28 EU countries is estimated at 6.1 million, a figure that could almost double by the year 2020 if growth keeps on at this pace. On top of this, the number of organisations producing and supplying data-related products and services could reach almost 350,000 in 2020, when the number of data users could be more than 1.3 million.

Data is a concept society is still trying to grasp, and the questions around its uses are numerous and complex — concerning data ownership, privacy and surveillance, among others. Data requires careful and ethical management, as once information is made available online, it rarely gets deleted, making it difficult to measure the consequences of misuse.

“You can’t make a data set disappear. Once you post it, and people download it, it exists on hard drives all over the world,” says researcher Adam Harvey, whose project Megapixels documented the details of dozens of data sets and how they are being used, to the FT.

It is important to note that data in itself has no beneficial or damaging features. What defines it are the applications and purposes which it serves. As disruptive technologies continue to evolve and digitisation becomes more widespread, the uses of data become increasingly more diverse.

A PwC study has identified the top eight disruptive technologies of today, which are the flagships of the Fourth Industrial Revolution and can dramatically change the way we do business: Artificial Intelligence (AI), Augmented Reality, Virtual Reality, Blockchain, Internet of Things (IoT), Drones, 3D Printing and Robotics.

These are the core technologies that will matter most for business, across every industry, over the years to come. A stronger way to harness those technologies would be combining them to yield powerful applications that are even more beneficial and efficient.

From PwC, The Essential Eight

Each one of these technologies interacts with data in different ways: they have diverse functions. Ultimately, harnessing data is a fundamental part of this new wave of technology.

Internet of Things (IoT) collects data

In an Internet of Things (IoT) system, computing devices, mechanical and digital machines, objects, animals or people are all interrelated with the use of unique identifiers (UIDs), and with which they can collect and transfer data over a network without requiring human-to-human or human-to-computer interaction.

IoT technology is used in the consumer, enterprise, industrial, and government market segments, each of which produce massive amounts of data, generally of the unstructured variety, requiring data technologies for management and processing.

This is where Artificial Intelligence enters the scene…

Artificial Intelligence (AI) processes and analyses data

With the use of Artificial Intelligence (AI) algorithms, we enhance the ability of big data analytics and IoT platforms to provide value to each of these market segments. AI algorithms can be trained to manage and process data according to certain standards. This feature turns raw data into meaningful information, which is then useful for decision-making purposes.

This chart shows forecasted cumulative global artificial intelligence revenue 2016–2025, by use case.

Blockchain stores and distributes data

In the blockchain realm, data and decentralisation enjoy a powerful relationship. Data can be fed into blockchain networks securely and privately, avoiding centralised storage. Blockchain can be used as the foundation for decentralised data storage providers.

Because of the architecture of blockchain networks, data stored on them is immutable and cannot be forged, making it a highly secure technology for preventing fraud.

The “essential eight” technologies are evolving rapidly, becoming increasingly more sophisticated and equally complex, also prompting questions around legislation and ethical uses of data. The scenario leaves plenty of room for further research and discussion about how technology can help drive society forward without compromising rights and principles.

Cassiopeia Services is a key partner and the official PR/Media representative of the World Ethical Data Forum (WEDF), a leading global organisation that embraces the full spectrum of interrelated issues around the use and future of data.

We are working with WEDF on its next Global Forum set to take place in London in 2020. Dates, venue and keynote speakers will be announced in due course.

For more information about how to get involved, drop us an email at cassiopeia@worldwthicaldata.org

Medicinal cannabis makes strides in the UK but access to treatment needs improvement

In November last year, the government announced the legalisation of medicinal cannabis in the UK for patients via NHS prescription. Since then, the UK’s medicinal cannabis market has boomed, attracting media attention and international investment.

The move prompted the opening of the UK’s first cannabis clinic in the Greater Manchester area earlier in March, offering treatments for patients suffering from chronic pain and other severe neurological or psychiatric conditions that can be treated with medical marijuana.

Even more unexpected sources have shown interest in entering the booming cannabis market: the FT has reported that the Church of England is considering investments in medical marijuana and relaxing existing bans. The CofE has a 12.6 billion pound investment portfolio.

On 24 January 2019, the Director General of the World Health Organization (WHO) sent a letter to the Secretary General of the United Nations recommending that cannabis and associated substances be rescheduled in the international drug control framework to facilitate the trade of these substances for medicinal and scientific purposes.

At least 30 countries and 33 US states have now legalised medicinal cannabis, a trend which continues to spread globally. Research by Prohibition Partners and the Davos World Economic Forum pointed towards Europe’s medical cannabis market doubling in size in 2019.

The European Union has been one of the institutions at the forefront of making medicinal marijuana available. Over two years ago, the German parliament approved the legalisation of cannabis for medicinal use. This marked the beginning of a Europe-wide wave of legalisation following in Germany’s footsteps.

In Germany, around 40,000 patients have already been prescribed cannabis-based prescription drugs, which amounted to more than 30 Million EUR revenues in the first half of 2018, making the country one of the three largest medical cannabis markets in Europe, along with the Netherlands and Italy.

Malta, one of the most innovative nations in Europe, has implemented some new laws and now allows the licensed growing and export of cannabis to other European countries.

The latest nation to embrace the opportunities offered by medicinal cannabis is Gibraltar. In a recent announcement, the government revealed it wants to establish a “world class ecosystem” for medicinal cannabis research in Gibraltar and will consider licensing “a select, highly reputable and well-resourced” group of investors in the sector.

While European countries seem to be progressing in the sector, eight months after formal legalisation, the reality does not quite match up to expectation. Patients in the UK are reportedly experiencing numerous problems accessing medicinal marijuana, as despite legislation being in place, the system is not yet fully responsive to patients’ needs.

Since the legalisation, many NHS patients have been denied access to cannabis treatments, blamed on slow bureaucracy. Official figures are not available but the number of NHS prescriptions has been low, perhaps less than 100, reported the Independent.

Currently in the UK, there is no dedicated medicinal cannabis regulatory system, making the drug harder to access. Cannabis products are only available on the NHS labelled as “specials”, which can only be prescribed after other types of treatment have been tried. The pharmacies distributing cannabis medical products also need a special licence, further narrowing the avenues of access.

These barriers highlight the lag between the different set of legislations involved in bringing cannabis-based medicines to the hands of patients. “We knew there would be a period where the education system needed developing for health professionals — but this has not yet been rolled out, and we don’t know how long it will take, or how responsive they will be,” said Henry Fisher, chief scientific officer at Hanway Associates, a cannabis consultancy firm, to Wired UK.

Nonetheless, this seems to be a common pathway countries go through when they change their regulation on the matter, until we bridge between policies and user access: “We’re hoping that individual doctors will prescribe, and see that once they’ve done it once, and it’s worked, so it’s a useful medicine. Then it will pick up: for example, in Germany, it took two or three years for the medical profession to catch up,” added Michael Barnes, a neurologist and cannabis expert.

Cassiopeia Services partners with World Ethical Data Forum

Cassiopeia Services Ltd., the innovative London-based PR/IR agency, is pleased to announce it has been chosen to manage the Public Relations, Media Partnerships and Sponsorships for the World Ethical Data Forum (WEDF), a leading global organisation that embraces the full spectrum of interrelated issues around the use and future of data.

Founded by Stefania Barbaglio in 2015, Cassiopeia is a global PR and IR agency with a strong focus on and experience in the new technology and innovation sector. Since 2017, Cassiopeia has focused on delivering strong communications strategies for companies and startups in the blockchain and technology sector. Stefania is a London based eclectic entrepreneur and well-recognised PR expert, presenter and speaker, international journalist and qualified blockchain strategist by the University of Oxford.

In 2018, the first edition of the WEDF in Barcelona, Spain brought together the most prominent data experts such as Julian Assange and Dr. Ralph Merkle. The streamed event received 2.4 million YouTube views in a single week.

WEDF is the single most important event in the worldwide data realm. In 2020, the WEDF will approach the intersecting questions around data use in the Information Age, diving into conversations on data analysis, use and regulation; data privacy; future of data and new technologies; fake news and responsible journalism; data intelligence/security intersection and censorship; and future of democracy. The date and venue will be announced in due course.

Data has become one of the most valuable assets in the global economy: as important a commodity as oil, according to specialists. In these times of the Fourth Industrial Revolution, data is the common factor underlying many technologies and shaping up the future of society. This unprecedented use of data urges the construction of new social, political and economic systems, which are better fitted to address the data economy.

Stefania Barbaglio, Director at Cassiopeia Services commented: “I am delighted to be working with the WEDF to promote their next edition. Cassiopeia is always at the forefront of innovation and we recognise the power of data and the revolution happening with development of data technologies. This also poses big ethical questions and challenges which require serious dialogue and practical solutions. The WEDF is the place for those discussions to happen.”

John David Marshall, CEO of the WEDF commented: “The issues we’re dealing with are so important historically that having the right team in place able to comprehend them and cope with the enormity of the challenges they present is vital. I’m looking forward to the work ahead, and to what we’ll accomplish together.”

For more information about how to get involved, please email stefania@worldethicaldata.org

New applications of Blockchain: Future of Big Tech still bright in Web 3.0

The current web architecture, Web 2.0, may well be user-friendly and familiar, but there is plenty of indication that this formula is starting to break down, giving way to a new internet. The greatest concern about Web 2.0 has been the centralised control over data: at the moment, ‘Big Tech’ companies like Google and Facebook act as central databases for a vast amount of user information.

The advent of new technologies is allowing for decentralisation, bringing about marked disruption. In 2018, we saw the start of scrutiny over the way tech companies deal with user data. In Europe, the implementation of the General Data Protection Regulation (GDPR) in the wake of the Cambridge Analytica scandal shows that the public and authorities are sitting up and paying attention. The need for a new internet structure has never been more pressing, so on the horizon now is an environment in which users keep control over their own information: Web 3.0

Technology experts say that Web 3.0 will be powered by blockchain, as the technology is decentralised, therefore user-centric. While users are optimistic about the future of the internet, the Big Tech companies are faced with the challenge of re-inventing themselves to embrace the latest developments and focus on delivering high value and security to their users. Equipped with considerable capital and some of the finest minds in the tech workforce, these companies are uniquely positioned to make the most of the next phase of the blockchain revolution.

Infographic credit to https://101blockchains.com/

In light of this shift, many technology and payment companies are working with projects to develop more sophisticated applications of blockchain. Digital identity systems and smart contracts are among the concepts being intensely explored.

A digital identity is a digital and unique representation of legal identity. As connectivity becomes wider, paper-based identities become inconvenient, inefficient and potentially unsafe. This is one of the most promising areas for blockchain application and can provide a very high use-case value.

The World Economic Forum has already highlighted the need to create a global, borderless and efficient system incorporating all factors that make up an individual’s identity in a single tool: “Today, most identity systems exist in isolation. Different public and private solutions record and maintain identical identity data potentially hundreds of times over, and are not interoperable, creating a significant amount of redundant identity information. This is a waste of resources for the network in question, is difficult to scale and is buried in error- prone and paper-heavy processes.”

Furthermore, digital identities are a far more secure alternative than the current structure. With the ending of a centralised database, breaches and cyber attacks become less frequent and less damaging. Due to the proliferation of data breaches, reliance on weak or leaked login credentials accounted for 81% of data breaches. As digital identities become more mainstream, security measures like passwords and single-factor authentication become outdated.

A blockchain-based system is needed to secure more privacy and security for individuals and corporations over sensitive data. For the next year, the GDPR compliance market will grow by 75%, leaving a huge opportunity for solution makers among the technology companies. Digital identity authentication and validation measures are critical to ensuring web and network infrastructure security in the public and private sectors.

Earlier in May, Microsoft presented a new and an even more concrete concept of digital identities: a DID network built on top of the bitcoin blockchain. Named the Identity Overlay Network (ION), the infrastructure has been reportedly developed to accommodate tens of thousands of operations per second. The system lets users obtain control over their own data via the management of their Public Key Infrastructure (PKI).

Daniel Buchner, senior program manager at Microsoft Identity Division, explained: “Today, the most common digital identifiers we use are email addresses and usernames, provided to us by apps, services, and organizations. This puts identity providers in a place of control, between us and every digital interaction in our lives. Our goal is to create a decentralized identity ecosystem where millions of organizations, billions of people, and countless devices can securely interact over an interoperable system built on standards and open source components.”

Following Microsoft, MasterCard and Samsung announced a partnership to develop secure digital identity beyond passwords. Mastercard said that consumers soon will be able to use a digital identity method for their devices that works for both physical and digital interactions. This method would be used for everything from accessing email to opening a bank account, shopping online or streaming video.

In addition to allowing the emergence of digital identities, blockchain and decentralised technologies are the keys to enabling more efficient ways of managing and integrating global supply chains, especially in the realm of smart contracts. Amazon is reportedly investing heavily in its ‘Managed Blockchain’ service, which was created to help companies set up their own blockchain networks that are scalable and easy to create and manage.

Amazon’s blockchain service is under further development and Microsoft’s digital ID is not yet fully available, but when it comes to companies like these, we can be sure that even more innovation is around the corner.

The Medicinal Cannabis opportunity

As the benefits of medicinal cannabis becomes more evident and more countries are legalising its use for medical purposes, the cannabis market gains more prominence. Cannabis can be alleviate symptoms and aid treatment of many conditions. At least 30 countries and 33 American states have legalised medicinal cannabis.

In the investment side, cannabis companies and licence-holders have become one of the most-watched sector in the market, the so-called 'pot stocks'. because legalisation happened in the UK only in November 2018, the market is still young, leaving room for more opportunities.

Cassiopeia compiled key information for you to start your research and be in the know about the developments in this promising sector.

Cassiopeia Investor Symposium Summer 2019

Cassiopeia Services is pleased to announce the next edition of our Investor Symposia, which will be held at the prestigious Mayfair Hotel, Central London on June 27th 2019 at 6.30pm. Selected companies that should be on every investors watch-list will present their ‘Investment Case’.

Whether you’re a shareholder, investor, investment or industry professional, our symposia are the place for you. Explore new investment opportunities, meet company Directors while taking a proactive approach towards your investments by getting directly involved sourcing information. We facilitate connections and ongoing dialogue between companies, shareholders and market opinion leaders.

Information is of course key to investment and trading.

The Cassiopeia Symposia series consists exclusive events for selected companies and investors to network in an informal and friendly atmosphere in the comfortable surroundings of the Mayfair Hotel.

All investors are welcome to attend the presentations in a relaxed environment where they can meet the company management teams and ask them questions face to face while networking with other existing shareholders and investors to discuss company strategy, plans, developments and value.

Opinion leaders and financial media representatives, market influencers and well-known City traders regularly attend our events.

Companies presenting

Union Jack Oil (UJO): One of the hottest stocks on the London AIM market is small-cap Union Jack Oil (LON:UJO), which should be on any oil & gas investor’s watch list. The company has recently released its encouraging 2018 annual results, which showed increases in the proven reserves, revenue up by 250%, currently standing with a cash balance in excess of £2.5million with high-impact interests in projects in onshore UK. These results have indeed set tongues wagging among investors, sending share prices up.

UJO’s status could soon be magnified by the upcoming results of the appraisal drilling at West Newton, which is considered one of the highest impact onshore projects in the UK. The well has over 70% probability of gas and oil outcome: success here could lead to the delivery of a major onshore gas development, with which the value of the company’s investment would effectively transform Union Jack’s future.

UJO team will be attending the symposium with. Chairman David Bramhill presenting the investment opportunity.

Zenith Energy (ZEN): Zenith Energy (ZEN) is an international oil & gas production company operating the largest onshore oilfield in Azerbaijan, as well as in nine natural gas assets in Italy. Listed on both the Canadian and London Standard Market, Zenith’s strategy is to acquire and develop assets with untapped reserves and existing production. By the end of 2019, Zenith plans on spudding a new well (ZEN-01) and is on production target: 3,000 barrels per day by the close of 2020 to be achieved.

ZEN team will be attending the symposium with CEO Andrea Cattaneo presenting the progress to-date and future upside.

Now is the time to research and invest in oil companies as analysts forecast a new oil price boom on the horizon. Start your research now!

More companies to be announced soon.

Don’t miss this unique chance to talk to the directors of the most-watched companies on the market.

The lucky investor

We like to look after our investors not only during the event but also by offering them the opportunity to participate in our prize draw. Investors attending the Cassiopeia Symposium could win a voucher for a delicious meal-for -two for one of the Mayfair exclusive restaurants.

Registrations via EventBrite on this link.

See you there!

Cassiopeia Investor Symposium Summer 2019

Cassiopeia Services is pleased to announce the next edition of our Investor Symposia, which will be held at the prestigious Mayfair Hotel, Central London on June 27th 2019 at 6.30pm. Selected companies that should be on every investors watch-list will present their ‘Investment Case’.

Whether you’re a shareholder, investor, investment or industry professional, our symposia are the place for you. Explore new investment opportunities, meet company Directors while taking a proactive approach towards your investments by getting directly involved sourcing information. We facilitate connections and ongoing dialogue between companies, shareholders and market opinion leaders.

Information is of course key to investment and trading.

The Cassiopeia Symposia series consists exclusive events for selected companies and investors to network in an informal and friendly atmosphere in the comfortable surroundings of the Mayfair Hotel.

All investors are welcome to attend the presentations in a relaxed environment where they can meet the company management teams and ask them questions face to face while networking with other existing shareholders and investors to discuss company strategy, plans, developments and value.

Opinion leaders and financial media representatives, market influencers and well-known City traders regularly attend our events.

Companies presenting

Union Jack Oil (UJO): One of the hottest stocks on the London AIM market is small-cap Union Jack Oil (LON:UJO), which should be on any oil & gas investor’s watch list. The company has recently released its encouraging 2018 annual results, which showed increases in the proven reserves, revenue up by 250%, currently standing with a cash balance in excess of £2.5million with high-impact interests in projects in onshore UK. These results have indeed set tongues wagging among investors, sending share prices up.

UJO’s status could soon be magnified by the upcoming results of the appraisal drilling at West Newton, which is considered one of the highest impact onshore projects in the UK. The well has over 70% probability of gas and oil outcome: success here could lead to the delivery of a major onshore gas development, with which the value of the company’s investment would effectively transform Union Jack’s future.

UJO team will be attending the symposium with. Chairman David Bramhill presenting the investment opportunity.

Zenith Energy (ZEN): Zenith Energy (ZEN) is an international oil & gas production company operating the largest onshore oilfield in Azerbaijan, as well as in nine natural gas assets in Italy. Listed on both the Canadian and London Standard Market, Zenith’s strategy is to acquire and develop assets with untapped reserves and existing production. By the end of 2019, Zenith plans on spudding a new well (ZEN-01) and is on production target: 3,000 barrels per day by the close of 2020 to be achieved.

ZEN team will be attending the symposium with CEO Andrea Cattaneo presenting the progress to-date and future upside.

Now is the time to research and invest in oil companies as analysts forecast a new oil price boom on the horizon. Start your research now!

More companies to be announced soon.

Don’t miss this unique chance to talk to the directors of the most-watched companies on the market.

The lucky investor

We like to look after our investors not only during the event but also by offering them the opportunity to participate in our prize draw. Investors attending the Cassiopeia Symposium could win a voucher for a delicious meal-for -two for one of the Mayfair exclusive restaurants.

Registrations via EventBrite on this link.

See you there!

Union Jack Oil eagerly awaits promising results from West Newton appraisal

The AIM-listed, small cap company Union Jack Oil (LON:UJO) released its 2018 financial results earlier this week, cheering up shareholders and showcasing promising prospects. In an exclusive interview with oil & gas PR guru Stefania Barbaglio, Union Jack Executive Chairman David Bramhill comments on UJO’s journey and its strategy to build a successful, sustainable, UK-focused onshore hydrocarbon production and development business.

He talked about UJO’s key projects and how they could dramatically change the future of the Company.

With the release of its results, Union Jack has established itself as one of the AIM-listed rising stars in the oil & gas sector. Beyond increasing the proven hydrocarbon reserves and prospective resources of its projects, UJO’s revenue has increased by 250%, standing currently with a cash balance in excess of £2.5million.

David is a very down-to-earth leader. Union Jack has a conservative, safe tried-and-tested approach to its strategy. In terms of financial results and funding for operations, David says: “We are prepared for new prospects.”

The Company is fully funded, debt-free and undertaking an exciting drilling campaign at West Newton 2 appraisal well in the licence PEDL183. PEDL183 is located onshore in the UK, and contains the West Newton A-1 gas discovery, operated by Rathlin Energy, where, according to a 2017 Deloitte CPR, there is in excess of 189 bcfe of 2C Contingent Resources within the Kirkham Abbey Shoal Gas formation, with considerable further potential prospective resource upside for oil within the deeper Cadeby Reef formation.

UJO’s encouraging results could eventually be magnified by the upcoming results of West Newton basin, one of the UK’s highest impact onshore projects. The well has more than a 70% probability of gas and oil outcome: success here could lead to the delivery of a major onshore gas development of which the value of the investment would be Company-changing and effectively transform Union Jack’s future.

“West Newton is a vast and recent discovery. Any results even smaller than the original projections can still be life-changing for Union Jack Oil and the shareholders. 189 bcf is a massive amount of gas,” highlights David Bramhill.

In addition to the West Newton well, UJO owns two other onshore assets in the UK: Wressle Discovery and Biscathorpe wells.

Operations on Wressle are on hold until the hearing for the company to obtain planning permission, which is set to take place later in the year. Commercial production at Wressle could transform UJO into a material cash-generating oil production company and provide net cash flows of circa US$3.5 million per annum in the current oil price environment.

Biscathorpe remains suspended for a potential future side-track once the Joint Venture Partners have received new sub-surface model integrating re-processed 3D seismic data.

Despite the disappointment on the first drilling attempt, Biscathorpe, in the opinion of Union Jack`s management, remains one of the UK’s largest onshore un-appraised conventional hydrocarbon prospects.

Commenting on Biscathorpe, David Bramhill comments: “Over a century ago, Henry Ward Beecher, the American social reformer and speaker quoted ‘One`s best success comes after one’s greatest disappointments’. Biscathorpe’s structure is more complicated than what we expected and this is the risk inherent with oil & gas operations.”

Now is the time to invest in oil companies:

Even though there has been a significant push towards clean energy to reduce carbon emissions, and sales of electric cars are increasing all over the world, giving the impression that fossil fuels are no longer a profitable market, market analysts believe that oil companies are a good bet for investors: they say it is too early to run away from oil and gas companies.

Oil analysts are confident that we may be close to another oil boom over the coming years. “Investors would be wiser to purchase oil assets at a discount in anticipation of a medium-term price boom,” said Bob McNally, president of consulting firm Rapidan Energy Group and a former energy advisor to President George W. Bush and to CNN Business.

While sales of electric cars are growing, electric vehicles still represent a small portion of total car sales; the majority of vehicles still run on fossil fuels. It is also important to note that fuel is not the only use for oil. Indeed, demand is up for petrochemicals used to create plastics, and the International Energy Agency estimates that petrochemicals will account for the biggest source of oil demand growth through to 2030.

As a result, because of underinvestment in those projects, oil supply may decrease, causing prices to go up and driving up oil stocks along the way.

“Energy investments now face unprecedented uncertainties, with shifts in markets, policies and technologies,” IEA Executive Director Fatih Birol said in a statement. “But the bottom line is that the world is not investing enough in traditional elements of supply to maintain today’s consumption patterns, nor is it investing enough in cleaner energy technologies to change course. Whichever way you look, we are storing up risks for the future.”

The tide seems to be changing, though: after three years of decline, investment in oil, gas and coal supplies went back up in 2018, signalling an interesting market move back towards fossil fuels.

Union Jack’s Chairman leaves his message to potential investors and those looking into Union Jack: “Investing is always risk. But if people choose to invest in Union Jack, they would be investing in quality projects. They would also be dealing with a very transparent company. We have a great technical team; I am very proud of my team.”

References:

Annual Report Year End 31 December 2018

UJO Investor Presentation

Come and talk to UJO chairman David Bramhill in person at an exclusive investor presentation. Union Jack Oil will be presenting at the next Cassiopeia Investor Symposium on June 27th in Central London. For more information, please email info@cassiopeia-ltd.com.

Union Jack Oil eagerly awaits promising results from West Newton appraisal

The AIM-listed, small cap company Union Jack Oil (LON:UJO) released its 2018 financial results earlier this week, cheering up shareholders and showcasing promising prospects. In an exclusive interview with oil & gas PR guru Stefania Barbaglio, Union Jack Executive Chairman David Bramhill comments on UJO’s journey and its strategy to build a successful, sustainable, UK-focused onshore hydrocarbon production and development business.

He talked about UJO’s key projects and how they could dramatically change the future of the Company.

With the release of its results, Union Jack has established itself as one of the AIM-listed rising stars in the oil & gas sector. Beyond increasing the proven hydrocarbon reserves and prospective resources of its projects, UJO’s revenue has increased by 250%, standing currently with a cash balance in excess of £2.5million.

David is a very down-to-earth leader. Union Jack has a conservative, safe tried-and-tested approach to its strategy. In terms of financial results and funding for operations, David says: “We are prepared for new prospects.”

The Company is fully funded, debt-free and undertaking an exciting drilling campaign at West Newton 2 appraisal well in the licence PEDL183. PEDL183 is located onshore in the UK, and contains the West Newton A-1 gas discovery, operated by Rathlin Energy, where, according to a 2017 Deloitte CPR, there is in excess of 189 bcfe of 2C Contingent Resources within the Kirkham Abbey Shoal Gas formation, with considerable further potential prospective resource upside for oil within the deeper Cadeby Reef formation.

UJO’s encouraging results could eventually be magnified by the upcoming results of West Newton basin, one of the UK’s highest impact onshore projects. The well has more than a 70% probability of gas and oil outcome: success here could lead to the delivery of a major onshore gas development of which the value of the investment would be Company-changing and effectively transform Union Jack’s future.

“West Newton is a vast and recent discovery. Any results even smaller than the original projections can still be life-changing for Union Jack Oil and the shareholders. 189 bcf is a massive amount of gas,” highlights David Bramhill.

In addition to the West Newton well, UJO owns two other onshore assets in the UK: Wressle Discovery and Biscathorpe wells.

Operations on Wressle are on hold until the hearing for the company to obtain planning permission, which is set to take place later in the year. Commercial production at Wressle could transform UJO into a material cash-generating oil production company and provide net cash flows of circa US$3.5 million per annum in the current oil price environment.

Biscathorpe remains suspended for a potential future side-track once the Joint Venture Partners have received new sub-surface model integrating re-processed 3D seismic data.

Despite the disappointment on the first drilling attempt, Biscathorpe, in the opinion of Union Jack`s management, remains one of the UK’s largest onshore un-appraised conventional hydrocarbon prospects.

Commenting on Biscathorpe, David Bramhill comments: “Over a century ago, Henry Ward Beecher, the American social reformer and speaker quoted ‘One`s best success comes after one’s greatest disappointments’. Biscathorpe’s structure is more complicated than what we expected and this is the risk inherent with oil & gas operations.”

Now is the time to invest in oil companies:

Even though there has been a significant push towards clean energy to reduce carbon emissions, and sales of electric cars are increasing all over the world, giving the impression that fossil fuels are no longer a profitable market, market analysts believe that oil companies are a good bet for investors: they say it is too early to run away from oil and gas companies.

Oil analysts are confident that we may be close to another oil boom over the coming years. “Investors would be wiser to purchase oil assets at a discount in anticipation of a medium-term price boom,” said Bob McNally, president of consulting firm Rapidan Energy Group and a former energy advisor to President George W. Bush and to CNN Business.

While sales of electric cars are growing, electric vehicles still represent a small portion of total car sales; the majority of vehicles still run on fossil fuels. It is also important to note that fuel is not the only use for oil. Indeed, demand is up for petrochemicals used to create plastics, and the International Energy Agency estimates that petrochemicals will account for the biggest source of oil demand growth through to 2030.

As a result, because of underinvestment in those projects, oil supply may decrease, causing prices to go up and driving up oil stocks along the way.

“Energy investments now face unprecedented uncertainties, with shifts in markets, policies and technologies,” IEA Executive Director Fatih Birol said in a statement. “But the bottom line is that the world is not investing enough in traditional elements of supply to maintain today’s consumption patterns, nor is it investing enough in cleaner energy technologies to change course. Whichever way you look, we are storing up risks for the future.”

The tide seems to be changing, though: after three years of decline, investment in oil, gas and coal supplies went back up in 2018, signalling an interesting market move back towards fossil fuels.

Union Jack’s Chairman leaves his message to potential investors and those looking into Union Jack: “Investing is always risk. But if people choose to invest in Union Jack, they would be investing in quality projects. They would also be dealing with a very transparent company. We have a great technical team; I am very proud of my team.”

References:

Annual Report Year End 31 December 2018

UJO Investor Presentation

Come and talk to UJO chairman David Bramhill in person at an exclusive investor presentation. Union Jack Oil will be presenting at the next Cassiopeia Investor Symposium on June 27th in Central London. For more information, please email info@cassiopeia-ltd.com.

FinancialFox Mining: Ready for the next big uranium bull run

In this episode of Financial Fox, Stefania Barbaglio (Steffy) talks to Brandon Munro, a well-known international uranium market expert and CEO of Banneman resources, an Australian Listed uranium company operating the largest uranium deposit in Africa.

Uranium is one of the hottest tipped commodities in mining in recent times, due to the push for cleaner nuclear energy and lowering supply. Prices in uranium look promising in the medium to long term as more nuclear reactors start activities around the world and utilities demand more uranium.

"If an investor is looking for returns in less than 3 months, than it is better to be patient and wait. But if investor is looking for longer than 3 months returns I'd say start doing your research now," advised Brandon for those looking into the uranium space.

Uranium demand could double by 2040, believes Brandon. Although prices are still holding back, it is generally agreed that it holds strong potential to shake up the commodity market in the near future with a rapid upturn that can bring substantial returns for investors who bought at the bottom of the market.

Uranium should be on the watch-list of any investor.