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Heid, why you have to keep referring to me as the pr mouthpiece I really don't know. I am just positive in my investment decision. Let's be honest, when you were posting here every day about your belief in the company, it was way above and beyond my posting frequency. I see Tom Winnifrith did a number on David this evening too. Are you working with him to help destroy confidence? He kept referring to one of Davids old companies, Nighthawk? I am going to have to take a look at that, are they still operational?
Sorry Christine it is Karina who knows her stuff here. Especially how to be cheated at the AGMs by the Bath lads.
"We are gonna give you a dividend..".
Karen leaves an Joey winks at Dave....
"She fell for that mate 🤣"
Poor Karen gets home an does her IKEA order thinking it would cover the new sofa.
Probably just another boring bull5h1t week of piccys from the USA. I mean the speed has been impressive an ChristineTaylor an Karen are wetting their pants over it , but I cant see much movement in share price on USA drill yet. Seems to be a smoke screen for Christine to avoid discussing Newton an Pennystones as the PR mouthpiece here. Not really time for the AGM pump just yet I doubt either ?!
Dave,s going off to the North Devon Rabbit rescue centre ?
Heid, you owe me an apology for suggesting I am extremely intelligent? 😂
I thought we were in for a looney tunes free weekend…..
or equally as good to have an rns on funding for west newton.
our blogger, that karina endorses on this board, does not want to be disappointed when he happily stated that .....
west newton is a go! (27th feb 2024)
" i am very confident too in david bramhill’s goal to see the *****tone flags drilled this year, one would have to start believing those who continue to berate this management are slowly being proven wrong.
it would seem 2024 will be a news-rich period based on 4 planned drilling operations, increased revenues, gas to grid at wressle, gas and oil in the us, mineral royalty investment returns and more."
four planned drilling operations hey? lets be having you then.
Be greater to start the week with flow rates from Wressle which is my main cash interest at this moment in time.
How much longer can David an Willy hold them RNSsback. Surely they would want us all to know the good news an for this to reflect in the share prices ?!
Lost the plot, again. Yawn
Exactly Karina, I believe there are more images to come, hopefully the rig is now assembled as I expect with the time difference those could be a few days old. Be great to start the week ready to drill x
Spot on Christine
They are also having to be careful not to capture anything price sensitive
Pboo, I for one am grateful for the company updating shareholders rather than sitting in silence. Progress is being made however you may deem the pictures crappy. I guess maybe the guys on site aren't all David Baileys and are just snapping a few pics and sending them over.
Thank you for your mention in your twitter account ***Some say she is just a mum who does this for a hobby instead of peeling potatoes all day an not the mouthpiece of #UJO @UnionJackOilplc ...all we know is she is called ChristineTaylor...an a very intelligent one at that 🙄***excelling my intelligence. However, I am afraid it is a little misleading as I have to admit to taking the comments on Zephyr energy from this analysis https://simplywall.st/stocks/gb/energy/aim-zphr/zephyr-energy-shares/news/zephyr-energy-lonzphr-has-a-somewhat-strained-balance-sheet-1 so unfortunately I probably haven't met your expectations 😥
What crap pictures
Here is the link to the rig company and a pic of Dan 2 drilling rig.
https://twitter.com/WealdOilers/status/1771896912083365947?s=19
Thanks karina, keep them coming
Come on Dan.. who Dares wins!
Https://x.com/unionjackoilplc/status/1771825818332704954?s=46&t=8dBQn1OkLljyt9Th3aIv6g
Updated photos.
Some exciting pics to come tomorrow, rig on site, all looking good💪
That’s a tweet from UJO for the hard of thinking. I’m not in America for the day ….
Sure Gwyn we know it's worse. Liquefying gas involves loss to atmosphere, then there's all the fuel used for transport. Politicians of both sides are disastrous. Best not suggest shooting them though!
Yes we need oil x Gas at home stop importing and making the idea that imported is better for the Climate than producing at home that is an oak of cow manure.
Wake up and see the future in the right way stop polluting the world with cheap products. And making pollution worse that it should by transporting.
Who gives a toss about other company’s Ujo is the one and all is going well.
Ujo has money coming in it will speculate to accumulate and we all know you can get a dry hole
If you live in the real world I will take a one in three chance of a gusher any day than sit waiting for the uk to divide my fate however if the UK wakes up then we could also have Bis Keddington and West Newton help out our E-commerce all Round we need gas x oil from home at the right price
Only fair to paint the full picture Hydras, when you are pumping a stock on another company, don't you think? X
Zephyr Energy had liabilities of US$37.7m due within 12 months and liabilities of US$14.7m due beyond that. Offsetting this, it had US$6.19m in cash and US$6.04m in receivables that were due within 12 months. So its liabilities total US$40.2m more than the combination of its cash and short-term receivables.
This deficit is considerable relative to its market capitalization of US$61.2m, so it does suggest shareholders should keep an eye on Zephyr Energy's use of debt. Should its lenders demand that it shore up the balance sheet, shareholders would likely face severe dilution.
Even though Zephyr Energy's debt is only 1.5, its interest cover is really very low at 2.0. In large part that's it has so much depreciation and amortisation. While companies often boast that these charges are non-cash, most such businesses will therefore require ongoing investment (that is not expensed.) Either way there's no doubt the stock is using meaningful leverage. Shareholders should be aware that Zephyr Energy's EBIT was down 64% last year. If that earnings trend continues then paying off its debt will be about as easy as herding cats on to a roller coaster. The balance sheet is clearly the area to focus on when you are analysing debt.
Over the last two years, Zephyr Energy saw substantial negative free cash flow, in total. While investors are no doubt expecting a reversal of that situation in due course, it clearly does mean its use of debt is more risky.
To be frank both Zephyr Energy's conversion of EBIT to free cash flow and its track record of (not) growing its EBIT makes things rather uncomfortable with its debt levels. Overall, it seems to us that Zephyr Energy's balance sheet is really quite a risk to the business.
Now it all makes sense….. 58 posts on UJO in the last 30 days. None on Zephyr….
We see you Hydass….
If you are thinking of taking a risk of investing your hard earned money in America, instead of investing in UJO who are now starting to fish around for second hand scraps of oil in Bowlegs, try a punt on Zephyr Energy who are in direct control of their own destiny and timescales, without relying on a third party to manage the projects. Just made a packet this week on that share with the sp rising rapidly on the start of a spud for the second time around. Do your own checks of course but to my reckoning Zephyr could double at least in the next month and we are talking about a really big field, not like the poultry 75bpd for a couple of years or so. Go with the experts that are in direct control not the go betweens. DYOR please!! Even when UJO spud in America for the first well, can't see the sp moving much, it isn't a massive game changer, until a big oil field is found and the chance of that is like being killed by a lightening strike!! Good luck punters.
Who's changing the goal posts Heid? I am just realisitic, I live for the day, I don't believe that anything stated 5 years ago should be relied on today. Did you think Europa would be moving into Equatorial Guinea? That Egdon would sell out to Heyco? That Reabold would pump everything into Italy and not progress West Newton? When things change, you have to change with them and not dwell on statements from half a decade ago. I think maybe you got too enamoured with David and started seeing things through rose tinted specs, contact with a CEO, all very sweet and warm. But instead of telling yourself you were invested in a very high risk market, you washed all that aside and seem to be unable to take into account all of the forces that have damaged this sector, preferring to blame the management who I believe have actually done very well in respect of the things they have control over. The share price is, yes, abysmal but laying all your woes at David's feet is a little silly dear x