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Persi, yes real long term. I suspect longer term than I, you, and most alive today. But cheer up, nobody really knows.
Expecting bit if rally north next week.
The real deal long term is fusion.
So is the likes of keadby an H2H saltend wasting their time putting in CCUS for long term utilisation of natural gas to Hydrogen ? I see that as a very long term investment.
Good try persimmon.
Heid.I'm sure the Prince knew his adversary Biden was in no fit state mentally to respond in a coherent fashion when he said that. Biden however is not actually pulling the levers from what you read, he is just a puppet figurehead of the Democratic Party whilst he either expires or is replaced. Like Boris and his by 2050 green zero carbon date he is just playing to an audience that wants to believe him. The realists know it's not feasible.
However, those businesses which may be looking to invest in carbon producing natural resources such as oil and gas will be increasing looking at only those with a near and medium term term payback. A long term investment would in my opinion be a gamble most would not take. That's why many are diversifying into other opportunities to obtain profits for their share holders.
OMO
Good luck with that.
Button you lip, I will say and do as I want, with out your nose in it...
Sell up then. Go ride your boat and forget it existed.
This has got to be the second worst share I have ever held...
persimmon...In a very recent interview Prince Abdulaziz bin Salman has suggested OPEC will keep the scheduled 400,000 bopd increase for December. As we know Biden is asking for more output and the Prince's comments are mockery in reply saying ..
"I would not reflect on that, it is above my pay grade. I am a technician and I deal with technical issues.."
Prince Abdulaziz bin Salman is aiming for a circular carbon economy as his approach by 2060 by working with those who want to create and deploy green technologies. They will meet yearly and it is not a PR stunt like I see COP26. His people and economy will come first in all of his choices which will be a balance of gas, oil, solar , wind, hydrogen an nuclear.
As a technician Prince Abdulaziz bin Salman stated he would also limit exports of oil an gas and make energy home grown priority wherever possible. The prince says OPEC makes 'voluntary cuts' too and not quotas. OPEC+ is very much in control here and vowed to 'drill every last molecule.'
The man is a master and puts in to perspective how amateur our energy needs are in the UK and dealt with by councillors making decisions which are clearly wrong with costly appeals. I look forward to the UKOG Loxley decision, I see that as a win too like Wressle. And of course we approach the Biscathorpe planning meeting on the 1st Nov. Biscathorpe has always appeared a favourite of David's so I do look forward to that.
The point you miss persimmon is that Brent is going to keep rising. Wressle is a dream well and the surprise winner in the roll of three dice at the moment, in terms of Union Jack Oil's assets.
Who would not be over the moon with a well that I personally see giving David 'substantial' profits in the MULTI millions of pounds.
"You motives are clear and close to being illegal"
Jb....I would suggest you are closer to insolvency.
Persi you have never said a positive word for both companies in the 4 years I have been holding. You spin lies, even that RBD were partnered with Carillion the engineering giant that went bust. Look at your posting history you just constantly grind out lies and try spread fear. It’s all there for people to read. Go through his posting history. You have no credibility here with your many accounts from one IP address. You motives are clear and close to being illegal, I really hope you get you comeuppance one day. Life works that way!
J.b Are you afflicted with RBD (Repetitive Boll*x Disorder?
So Persi, how many shares do you own then? You seem so desperate to slate the 2 companies? Why are you here, you claim to be a shareholder but come up with any old crap and lies to slate both companies? You are a blatant lier here spreading fear and lies. Your posting history says it all. Or are you DMD, Chris Oil, T.W in disguise or paid their paid rent boy?
Gwynwin....I agree with your last sentence, especially RBD.
Jb.....may I suggest you access the United States Securities Exchange Commission (SEC). That is the American equivalent of our own UK Companies House. But be warned, there is far more there than what I have just published and it makes for uncomfortable reading too (unless your a ramper).
By the way, you will need a VPN as like many foreign countries the U.K is unable to access directly, so have to go through a U.S server.
Where is your proof Persi you make these claims but have no substance? Like you claim to own shares but do nothing but slate these companies you are a joke and scum of the earth!
OK whiners when things ain’t going there way.
Ujo is now going towards a 2 mil pounds profit out of the 5.7 million dollars income from Wressle and that is allowing 3 million dollars for expenses.
A lot of companies would love to be n that position
MickyBee......"6 1/2 years here"
That's nothing, Reabold's new Oil and Gas partner in crime in California has been in business since 1955 and have still not paid their share holders a dime in 76 years.
TAC, , sounds a good plan, Baldrick couldn't have come up with a better one, sounds quite feasible. Hope it comes to fruition, if so would great, time will tell
I really hope it is a shorter time too, milnrowmug, I just feel that it is the 'same old' with all of these small cap oilers.
UJO's assets are unquestionably the best propositions, but it always takes longer than anticipated to deliver (if they do), and they do tend to go off chasing the next big thing, rather than delivering on what they have to generate the cash to then look elsewhere which is highly frustrating.
Appreciate the non-abusive reply.
I am positive on the assets and happy to congratulate the bod on good news, but it has not been a smooth ride here, regardless of what some would have you believe.
And I have communicated my thoughts to DB on a couple of occasions too, so not one to idly sit on my hands.
Happy to hold for a longer timeframe, despite my issues with certain aspects, until I have reason to see otherwise.
Good luck to you
It depends how people present their comments Crocqman. Every company has a negative. Poor management, poor assets, placings, you name it, someone always finds a fault where others find a plus.
There's no doubt the leaked placings have been extremely detrimental to the company and the shareholders. As to whether much could have been done is another matter. The leak in my opinion would be solely down to the broker as it would appear as soon as they are contacted, someone on their team, or whom they contact to sound out the interest, leaks it to a number of third parties. One could consider a change of broker, but these small AIM companies cannot raise for example £5m within 24 hours so the info has too long to leak and allow people to take advantage. I would question just what the management could do that would sort this tbh, social media allows the communication to travel to the wrong places and quickly.
I'm not too sure about whether you can lay the blame at the company door for being behind schedule as the operator is the person at the helm and there have also been planning issues, again behind the company's control. From my research, it would appear their assets that are JV's with operator Egdon have perhaps received to little attention/importance by them, more theynwere concentrating on their shale licences, again, likely very frustrating for UJO management who are reliant on them to progress all their assets. I do think the company has now turned a corner, Egdon can no longer see their shale licences as important, the fact they borrowed money from Union Jack signifies a potential realisation that they need to progress their revenue bearing assets. This is substantiated by the exciting result at Wressle. I see a concentrated effort by Egdon now to expedite operations at Keddington, North Kelsey and another well or two at Wressle. Biscathorpe will soon be going before the Council, that, if approved could be another asset ready for a quick turnaround. Regards your initial comment, there seems to be a glut of non-investors posting here who for some reason only want to disrupt, demoralise and spread unwarranted concern.
6 1/2 years here
Agree to a point Croc, but while I realise holders maybe tempted to overhype what they obviously believe/d in, I just can't believe real holders would rubbish it to the extent we have seen.
Hoping your 2-3 years turns out under-optimistic. Gla.
Have been invested for well over 3 years actually.
Circa 50% down thanks to the efforts of the bod failure to get things going when expected, a consolidation that has not had the desired effect, etc.
And UJO are not producing anywhere near predictions made in the last 2-3 years from their portfolio of assets, no matter what they may be producing now.
At least 2-3 years behind schedule getting assets producing, 3 (4) leaked placings along the way. and no perceivable action to plug the leak, the source of which must be known by now with so many opportunities to uncover.
And a silent bod who release the bare minimum to keep investors updated and keep things deliberately vague when they do.
But, it is just easier to call anyone with a negative opinion on certain matters a non-investor, a shorter, or trying to get a cheaper price than accept that not all is good.
Same on every other board here.
You know it is possible to positive overall in an investment, see the possibilities, BUT also have negative opinions on points of operations.
I have accepted that it will take at least another 2-3 years to recover any paper losses here, when I fully expected to be well in the money some 2 years ago.
The constant point scoring and attempts to discredit anyone seen to be on 'the other side' of the fence does no one any credit here, everyone is either ultra pro-UJO and won't have a bad word said, or ultra-anti, and won't admit to anything positive here.
No middle ground exists, or any truly rational overview of the pros/cons, apparently