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Abismal share atm
7p really??
I certainly think if we don’t get a farm out on either prospect within 6 months , that should be the plan and 3p should be the minimum.
We are going nowhere with Europa!
We have waited and waited and we after many long years hit gold with Wressle finally coming on line, but this little goldmine's resources are being squandered in high risk plays, yes if serenity hit we all would be happy but it didn't; £7M down the drain.
If we can't get a farm out which most here have been hoping for; should we not consider the possibility of putting ourselves up for sale?
This way we get good value for Wressle and maybe a little for Inishkea etc?
Saving on the pay packets and pensions of our directors who are stuck in the unpleasant reality of global warming and the market sentiment towards oil/gas companies.
Could we get 3p/4p on a sale?
IMHO
Thanks for confirmation.
Sell foff
I am afraid you have heard it 100s of times before because it is true.
Where have we heard this before. 100s of times on this board
This may all be very good news for the companies and directors involved, but for an investor this has been dead money invested for 15 years plus. No matter who is in charge they have not be able the offer any return on faithful investors who have backed their newly issued shares. A gamble company yes, but the losses here are incredible... very disappointing that time frames have been long over due and lack of share buying by some directors. EOG have been a dog share for a long time, only now will there be a chance of recovering lost money with the possibility of a farm out.
from ujo results this morning.
in the uk, union jack will remain focused on the development of its flagship project, wressle, where the operator and joint venture partners have ambitious near-term appraisal and development programmes planned. the board is of the opinion that, within the wressle development, there remains significant material upside which will support the company with revenues for at least another decade.
flagship wressle project continues to deliver following a workover, installation of a down hole pump and other significant site upgrades
wressle competent person's report upgrades reserves by 263%
application submitted for the drilling of two back-to-back wressle development wells and the *****tone flags gas monetisation
Inishkia must be close to news on that front imho
Well that is a decent buy , I like the prediction of 7p
Hydras is capitalizing on the perceived inactivity to negatively influence investor sentiment. On the positive side, I read that a broker has set a target price of 7p within the next 12 months, which in my opinion is achievable if a farm-out and drill date are secured for EG and/or Inishkea. I will continue to add.
£3.5 million free cash and generating more at oil above 80.
£8 mill mcap.
Very cheap considering all the news to come.
Nice entry price.
And there we have it - another massive 4 million buy. Explains why the selling had no impact this week and why some of the deramping sounded a little more desperate than usual!
Apologies, wrong board!!!
Hard to ramp rbd with the current management, CS has a very good chance imo but it wont be any where near as lucrative as rbd claimed in october (assuming there's no war in Europe). I suspect WN will still be in limbo in H1 2025, even it if is drilled, dont underestimate Rathlin's ability to screw it up. Meanwhile the leeches draw unjustifiable salaries...
A lot of investors here who have written this off.
Rampers here ? You having a laugh or what. There are some investors here who see maybe EG coming good but there
Joyride, you should always do your own research and take your own advice IMHO. Don't let the rampers on this BB deflect you from making your own decisions.
@Hydras I assume you have taken your own advice and sold out, so why are you still posting here?
Interesting Flombo. I have often wondered how 'our seller' could trade those volumes without triggering holdings notifications - I (naively) assumed that notifications were mandatory and enforced. Is there any way we can out this bad actor if your hypothesis is correct?
It’s interesting to note that from shareholders interests from dec 2023 to March 2024, the main shareholders have increased their holdings from 71.63% to 77.1 % ( not including directors)
They are all reputable firms who you would imagine would abide my aim rule 26 and thus would notify any change in shareholding.
The 2 private investor .. bo koll ( he had increased from 4.96 to 5.19% ) and laurvig( has remained at 6% and normally notifies when his holdings change )
I have not been keeping check ( and bearing in mind of course it’s impossible to know all these big sales from same person ) but it seems to range from 1 to 2 million shares most weeks ,normally after large purchases.
It’s been going on since November at least so you must be talking about 30-60m shares or 3% -6% of the stock .
We have a bad actor here who is involved in some shenanigans and is determined to drive this stock low and keep it low without abiding by the notification rules.
Why ? Takeover bid ? Disgruntled shareholders from the past ? Market makers manipulation ?
@Bubble. Interesting that the 2 million trade has barely affect the price of the following buy. MMs seem comfortable to take it.