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significantly restricted choke setting
RnSlater its still being choked back even at 844 .... so thats great, its not at full pelt
That’s 3 times it’s been leaked, can’t recall that ever happening with any other company, that’s 3 times circa 10m of shareholder value being wiped of the mcap before the RNS was published. That’s 3 times this source has stopped UJO raising at a higher price so they and their friends could profit from ujo shareholder losses.
It’s time this practice is stopped and those involved are jailed.
Whoever leaked the placing has a lot to answer for.
Gwynny
And how long will the field last at 844 instantaneous barrels. Per day? (Yes it’s a trick question)
If there is a placing it can’t be just for the royalties.
Ujo only paid 125k for 2.5%, this equates to 1.25m for 25%.
Why would Ujo consider 10m loss off their mcap a fair return for a circa £2m raise.
I’m off the opinion the raise is two fold, it’s a big raise and it’s for a larger slice of WN.
Along with the royalty stream increase to 27.5%, they also want another circa 10% of WN.
They will require extra cash to pay for increased WN drilling and testing costs and also provide partners with ability to pay for their own, IMO.
so how many barrels do you think come out for UJO to get 480000 dollars income or is the lies as well or maybe u can translate that to something else. this is not flowing fully by any chance so I will settle for 480000 dollars a month just over 5 million a year.
“Trust in what David plans here, he is growing a fantastic company.” But he’s not growing the share price is he… that’s what matters to shareholders. Otherwise it’s just Executive Onanism…
Hi Campers
Before you all wet yourselves in delight, notice the “instantaneous” flow rates… try finding that in another RNS.
“ Instantaneous Flow Rate at a delivery point means a flow rate measured over the shortest period of time over which the meter is capable of measuring a flow rate;”
Not to be confused with sustainable flow rates, hence the clarification later - “ ….before defining a plateau production rate, matching the well behaviour to the permanent facilities, long term operational objectives and prudent reservoir management.”
Tells you all you need to know…this is a headline release to support the placing… the actual field delivery rate is yet to be defined (and approved by OGA).
It doesn’t have sails heid.
It’s not named yet so I’m thinking of naming it after you - Cassandra
https://www.mcsweeneys.net/articles/a-timeline-of-notorious-big-time-lady-liars
once pointed out she runs away
weekly pay investment as pointed out yesterday not a trader
YEP NVG the chart doesn't tell lies or ramps
Everything makes sense to me
I am here as an investment, not a trade.
Dog walk. Bye
the ramp queen wont give you an answer to that none of them will because your right it makes no sense
Go sail your dingy NOVECK.
Timing for major UK Gas find is perfect.
Kwasi Kwarteng was nothing but a joke yesterday in parliament. Energy firms collapsing. Dont worry about supply he said.
Honestly.
this is all smoke and mirrors before W-N results come out not expecting them to be good, they only a couple of weeks thats up what are they not telling us just my opinion
Can’t argue with that heid
https://www.lse.co.uk/ShareChart.asp?sharechart=UJO&share=Union-Jack
But why do before the second EWT result at WN if they have any confidence in a positive result they could raise at a much higher level This is an honest question and nobody has answered it so everyone will assume that they are expecting the worst. Hence the sell off at RBD
I go impressive results from WN
My guess is a placing will still happen to purchase the royalties before average results from WN are announced. Gla
DB the diluter
My guess is there will be a placing.
Trust in what David plans here, he is growing a fantastic company.
Join the dots Ron, it's all about WN now. Wressle will pay the bills so why raise more money if you don't need to keep drilling at WN to make that work ?? No update on that - a good opportunity today to at least mention it ??! Especially if you're trying to paint things in a positive light before a raise. Join the dots !!
Well done operators.
Unfortunately UJO still have a gaping systemic problem here which makes it uninvestable for many with risk management in mind.
As is this is just for trading.
So, do the right thing David.