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thank you, @persimmon i guess the other option is buying back shares?, but i stand by what ive said for a while, whatever they do until the is a change at the top, they might well be p*ssing into the wind
thanks once again
flatearther................regarding your query on consolidation.
I can remember a conversation I had a long time ago with a friend of mine on this very subject. He was of the opinion what unless a company has a specific reference to that in their constitution, then a company could consolidate as many times as it likes (or could get away with perhaps).
I stand to be corrected.
"The consolidation as I said at the time, was only done here to give more margin to run it down further as it would of surely been delisted by now for being being below 0."
that's a very interesting point, now ill admit i don't know, can they do it again ? or is the rules about how many times in a time frame they can do it? im open to being educated.
Roy...you know it's a well of cooking oil, don't you?
The consolidation as I said at the time, was only done here to give more margin to run it down further as it would of surely been delisted by now for being being below 0. What a investment. What's next up Heid?
And we still haven't had the test results from the operator , or are you going to make some up???
May I add, another month has passed since that RNS so more money in the bank for Union Jack Oil. And a higher oil price.
Heid Land.
royoboy...the last Wressle RNS
"Current production rates indicate that Wressle is currently the second largest producing oilfield, in terms of daily production, in onshore UK after Wytch Farm, and we are confident that the well has materially more to offer during 2021 and beyond."
ยท Since being returned to production on 19 August 2021, Wressle has generated in excess of US$480,000 net in revenues to Union Jack
royoboy...Oil price was around 65$ 19th August...now at 85 $ and will continue to rise.
Heid's quotes , not Dave's
No. Call it Heid land
Do not pick on David when you are speaking to me.
RNS 21st Sept 21
Excellent flow rates are currently being recorded, however, the full flow potential of the well remains to be fully tested due to constraints being experienced due to the scope of the gas handling equipment currently being used on site.
The forward plan is to upgrade the gas handling equipment to enable increased production volume and complete the testing of the well's full potential before defining a plateau production rate, matching the well behaviour to the permanent facilities, long term operational objectives and prudent reservoir management.
Dave land , more like Fantasy Land at the moment
Absolute RUBBISH.
Do not make me look like a fool.
I see you post here day after day MickyBee, infact I seriously begin to question who all of you are.
We ARE producing and you know it.
So Heid you forecast the SP to rise today then?? I don;'t think it will , we drop on good news
Heid same old ramp , Egdon are the operators , we are testing , not producing , so you are guessing again
More like you want it to go down MickyBee.
Again, it fits your agenda with your posting style here...day after day.
Meanwhile...over in Dave land...he banks Wressle profits.
! work on the bid price , thats how I guage the value of my investment , no news again , so I think we will drift again , would love to see a rise , but , doubt it
I now see that after a closing UT, bid was 17. 5, official price 17.7, actual midprice 18.0, ask 18.5. So we can all claim to be right, while the later afternoon trades look uncertain to me. Of course, long term, the odd day's movements make little difference, but in looking for changing trends we do focus on the immediate. Another day rolls in.
Fair enough, LonSouE 's graph, stated midprice, & trades have been at odds all afternoon. I still can't say if their final price takes in an UT or not. Perhaps a wide spread at times, not 100% on that.
It is , still 17.5 p bid , are you looking at the correct BB ?????????????????????
Not FACT.
As I said this morning still drifting SP still 17.5p FACT
"So I am mentally challenged for posting FACTS , so what are the posters that make up figures called then?"
If the cap fits, I mentioned only one name lol