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Thats why companies are in AIM , easier to raise money , less regulation , and yes it shows
I think it is very naive to say 'no more placings' so the leak issue has gone away.
How many times has an AIM company declared that they are 'fully funded' before then raising some money for some new, too good to be true bargain addition, or an overrun to an existing program that needs more money?
Is that exactly what has happened here several times now in the past 2 years?
If there is one thing that is certain on AIM, it is the need for additional money at some point down the line.
How that will be achieved is the key, and delivery on the scale promised for so long is what is needed here to move away from these diluting and damaging fund raises.
Royob, the meds comment unfair, but this is shares; eyes wide open.
Take it easy, if you can, please.
I mean my 18:49 post.
Oh dear RoyohRoyohRoy, seriously? Time for your meds I think.
So, not Cornwall, Bath or Yorkshire then. Better to have a genuine guy with a dog barking as he gives up personal time and does an interview from his home, not some lavish London office, but even thats not good enough lol. The board of an AIM listed oil company, not on the highest band of wages for that sector, working from a low cost office in Bath and from home, seems a financially tight set up to me. I believe it costs about as much as Mr. Sandersons wages and bonus at UKOG to run the whole of Union Jack each year. Hence why the additional revenues now coming in will ensure the survival of the company through thick and thin,
How can people consider themselves sufficiently well researched to be giving advice to all and sundry on a company when they can't even find out where the chairman lives. FYI it's neither Bath, Cornwall or Yorkshire. I'm not going to publish his address even though it is readily available but think north Devon coast sort of area.
It's no good Royoboyo, apart from your total lack of understanding of AIM, you surely know Bath isn't in Cornwall lol? Check out UKOG wages, then see where UJO wages lie, considerably lower for actually taking the company to profitability. Cornwal lol
Royob, "biggest crowd of rampers", what? Serious? OK, Heid is a bit strange, but we're overrun with mindless derampers, just read back. None of them can accept we are that special AIM being, income-earning. They all go on about the placing leaks is if they meant doom. I surely regret them, but no more placings needed means no more leaks; move on. I don't believe you're on the way to gallows, but you I & others to a good profit. OK, it's shares, AIM shares even, I have & we all have called it wrong but it looks good to me, bought in more today.
Roy oh boy oh boy oh boy! Do you have any idea how AIM works and why companies list on it? Do you understand how a loan works and how interest is paid? Do you know what a secured loan is? That deal is a cracker, if Egdon fail to pay, we get more of Wressle. Think about this, why do you think UJO loaned them the money just before the work was done on Wressle? Do you, in your moments of lucidness maybe think the well could still be producing 100 bopd if UJO hadn't loaned them that cash?
Mirasol, what has the money gone into West Newton got to do with anything? Do you think they should have had their 16.66% with a free ride lol? They have had to pay their share of the operational costs as they have Wressle. I don't see you whinging about that! Win or lose, all operational costs are set in stone so why suggest they shouldn't have paid their share lol? You are just here to add to the negativity, every post you make confirms that.
Things change and his oppo Joe O'Farrel frequently buys shares in the placings so either he is a daftie or he believes in the direction of his Exec Chairman. As to his present silence, don't you think there could he a good reason why someone who was renowned for his appearances has suddenly refrained from doing so? Everyone to quick to condemn without so much as considering there could be a number of reasons why DB's hands are tied. The news out of West Newton doesn't feel too good, ai imagine there are a number of actions being discussed by the partners. Additionally, Wressle is being upgraded to deal with higher flow rates, so not so sure what he could say, are you?
Amazing ! AIM Cas post 10 great reasons we should love DB but omits the money poured into West newton, the consolidation and the leaks
AIMCas most be his mother................
Yes RNST, and repeated daily to ensure there is no positivity remaining in view.
TAC
You call it negative spin, I call it simple facts...
RS99, why are you here? You could have sold before or at the start of the fall and have been free of the burden of being a holder if it is that bad.
UJO are producing oil, that was the objective and what they are doing, WN has not turned out as hoped, Hayho, but Wressle is doing fine. As for me, I might take a position soon with some paella in the sun. Tomorrow is another day.
Well TAC tell us why the share price is at an all time low ?
Is it because some folks post on this board or is it managements failure to deliver actual value for shareholders...??
Obviously number 11 is not down to the first 10 RNSTranslator. That is just you doing your normal action to add a negative spin to anything positive.
TAC you forgot number 11
11: Despite all the above the share price is at an all time low and the oil and gas price at multi year highs...
DB doesn't flare the wells , UJO are not the Operators
Hamster, it matters not who posts it, unlike the absolute twaddle posted here today, it represents a slightly more positive stance on some of the reasons why DB should not be under fire to this degree. I agree wholeheartedly that the leaks are not acceptable, they have destroyed the SP on more than one occasion and long term shareholders have been the losers, But one has to exercise a degree of common sense, something lacking on these bulletin boards. Nobody can state with any degree of seriousness that DB has failed since bringing the company to AIM. A platform for raising cash. I have seen so many companies constantly raising and producing nothing. Most fail their shareholders, most who reach a decent valuation soon fall back. I believe the company has turned the AIM corner and will now become a profitable company with a strong financial future.
You write a great article AIM, but it is so flawed.
The fat controller has taken some great assets and literally killed them off, by not understanding the pressures, the flows and the advice he has given by knowledgably third parties who have advised him how to get the flows sustained
Furthermore flaring in the UK is banned, but he has gone against the advice of others and continued to flare the wells.
He is full of his own self importance, that is why the company and the share price is in the **** that it is
Time for him to Go....
Nice post TAC, though would have expected Heid to have posted what you did.
Post of the month Aimcasino.
Great post. Great summary. He'll of an investment case.
1. He bought into a number of excellent prospects.
2. He increased the company interests in present and future producers.
3. Interest in Wressle responsible for a potential $7m+ revenue return annually.
4. Interest in Keddington worth approximately $300k+ return annually.
5. Interest in Fiskerton worth approximately $100k+ return annually.
6. Investment & increased interest in North Kelsey.
7. Investment and increased interest in Biscathorpe.
8. Investment in cash generating royalties.
9. Loan to operator to ensure Wressle production on target.
10. Finance in place for Wressle upgrades.
This is not an AIM failure, this is about to be declared an AIM success. A profitable company with additional near term revenue generating assets due to commence.
The constant attacks, I note they are getting worse and more animated. A stream of abuse, name calling, accusations and ludicrous suggestions of wrong doing. Upping the ante to drag the real investors down, to instil doubt.
Let's be honest, David Bramhill has taken Union Jack a lot further than the directors of UKOG, Egdon, Europa or Reabold. Egdon needed UJO's cash to stay in the game, EOG needed a director loan to keep going, Reabold have little of value in terms of revenues. Union Jack? Well, they have the biggest chunk of Wressle and that alone makes the biggest revenue stream out of their partners. So what has DB done for UJO? He's made it profitable, he's made it asset rich and that is what will ensure people's cash will be safe. Patience required and totally ignore all the noise on here.