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@greypanther. yes, many thanks, it helps . good luck to you
No...Torvill had Dean
We've now got Heid and Dave.
billy no mates
Do you know I have never been in a pub in all of my life on my own an ordered myself a drink.
You see I was an ice skater. So I never drunk on the ice.
I dont go to pubs.
Rampers quiet , all out in the pub spending their gains
Hi dradrianc1. Neither Rathlin nor Reabold own any of Wressle. Reabold, however, owns about 59.5% of Rathlin UK, the operator at West Newton, so RBD can be said to control Rathlin. The 59.5% interest in Rathlin multiplied by Rathlin's 66.67% interest in the West Newton licence yields an indirect (approx) 39.67% licence interest for RBD. Reabold also holds a direct 16.665% licence interest at WN. Does this help?
Err ok. Thanks Thought RBD owned Raithon who have 56% of wressel???
Same with Egdon , RBD also seriously damaged because of WM , and yes I am a shareholder in all of them , the Mcaps have been totally destroyed by exaggerated dreams
No I'm not.
malcy blog , so what , shareholder value damaged , so Heid you are still £750 down on your last buy , love to know of anyone in profit , oh sorry you like financing DBs lifestyle
@sandal that was my point earlier but it was struggling to even get near 10%, no on trust the managment and all the leaks of past have not be addressed so maybe this is the wake up call you all need ok they made over half a million pounds sterling (1m us) it has not moved the sp..
time for D-B to think long and hard. imo
hope you go out so you can do the shopping you need
Everyone knows (or should do) that at this time Wressle is hamstrung by the amount of gas it can flare. So to open the choke is restricted both by time and the amount of gas passing through. So open choke is for very limited periods. However if UJO maintains our 200 barrels a day our share is worth in my opinion 30p plus. What is taking place is the estimate for the gas to electic engine size needed, before ordering, I advice people to hold or buy as IMO this share can only rise in price.
GLA
Hi dradrianc1. RBD are not involved in Wressle. The operator is Egdon with 30%, Europa have 30% and UJO have 40%.
Malcy Graham Wood's Blog today is a great read.
https://www.malcysblog.com/2021/10/oil-price-union-jack-oil-and-finally/
I especially like his closing comments :
A number of things stand out to me here, firstly and most obviously that it is very creditable to have already taken a million dollars of net revenue following the work at Wressle in the summer. Secondly the management deserve really serious plaudits for continuing to show faith in the project when others had none and that through various mechanisms have taken their stake to today’s 40%, now hugely profitable for the long term.
Finally it seems that the market place has taken these successes at way below their real value to UJO whilst concentrating unduly on other assets notably West Newton. The here and now suggests that Wressle itself is a fine, valuable asset and should be celebrated as such but for now the totality of UJO is in great nick and the shares are way too low considering that inherent value.
Because this is deader than a dead thing from dead land.
if any other share who put out rns today with 1M in the bank from fews weeks producing oil would of been 50% + up lol
are RBD in with wrestle and with a bigger share of the gains? But they haven't done a RNS????
Perfect time for you to top up and post some proof of doing so then hey.
I think energy is in a very unique situation at the moment. A young girl was on TV the other day putting down the chairman of Shell for destroying the climate. The girl quite clearly does not understand economics as we witness the disconnect happening now in real time.
Saudi have been handed the keys to the race car along with the Russians and OPEC plus.
Brent will continue to move higher. Covid has been a blessing for OPEC. Travel got shut off for the US . Trump was forced out of office. In comes Biden who stopped drilling on Fed land and accelerating green agenda. Everything we are seeing leads to a supply/demand disconnect.
Today's RNS was excellent news regarding Wressle. I look forward to the revised CPR from world renowned Gaffney Cline. With the daily production figures well in-excess of the prognosed 500 barrels of oil per day from the Ashover Grit reservoir and on a significantly restricted choke setting and sustained high flowing wellhead pressure, I believe that the revised flow rates after all necessary works carried out at Wressle will be much higher.
With the high probability of oil hitting $100 a barrel and the huge upside we could be looking at with Wressle's production I see substantial profits for Union Jack Oil in the multi multi millions.
All partners are to be congratulated yet again on this tremendous achievement.