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proclaiming to know so much, but the fact is, nobody knows f*ck all!
Not one person knows why the Gaffney Cline report is taking longer than shareholders expect, not one person knows what is going on at West Newton either, so all this bolloc*ks like what what Mirasol has just spewed out is exactly that, bolloc*ks!
Wressle is pumpinh 700/800 bopd and burning off gas to its peak allowance, so why would there be any arguments on the results of their findings? You have Rnstranslator continually trying to convince everyone that West Newton will never produce anything. This is the guy/gal that tried to suggest Wressle would only las a few months lol! The company has made tremendous progress financially so far this year and it looks set to continue on this oath for the foreseeable future and some people just do not like that. It's been a tough few years for the company and its shareholders but it's plainly obvious the tide is turning and this week ai would assume we will ne updated with another $1,000,000 added to the bank balance. A year or so ago, EOG were being loaned cash by a director, Egdon borrowing of Union Jack, this company is in the best position ever and sooner or later the resident di*kheads will move on because they, like Winnifroth will be looking bigger fools than ever with their comments!
Absolutely BANG on TAC! I read Mirasol's post and thought the same, absolutely no basis of fact or knowledge, just stirring the pot! Mirasol, unless you have any sound facts or knowledge of exactly why the report has taken this length of time then do the best thing you can do - which is nothing! Also, justbe and persimmon, are you really going to count down the number of days until the end of the year. We're all aware of the 'bet' Heid has made - bored!
Watson
"are you really going to count down the number of days until the end of the year"?
Yes I am. Easy to understand, eh?
Or you could say
Elementary, my dear Watson... :)
"so all this bolloc*ks like what what Mirasol has just spewed out is exactly that, bolloc*ks!"
regretfully AIM rules say a CPR has as shelf life of 6 months - so they clearly expect them to be produced in less time than that
I have never, in over 25 years investing in small oilers, heard of a CPR that took as long as this.
Just ask yourself WHY??
Just be, try not to confuse your counting of day to Heids possible departure and the investigation, I hope you have two calendars to mark off. Why not throw the days to the reserves report too. Three things to moan about in your weekly visits to this BB lol.
Tac, I'm only here to make sure the 'lack' of the leak report doesn't get forgotten.
Me and Heid is just a side hustle :)
"I have never, in over 25 years investing in small oilers, heard of a CPR that took as long as this.
Just ask yourself WHY??
Ummm, because it isn't a CPR maybe? The company made the decision to expand the scope of work from a CPR to a wider Reserves and Resources Report.
Give it up Roy, you really are a case!
"The company made the decision to expand the scope of work"
After several months work by GCA - no doubt after UJO saw the resultant draft CPR and couldn't get one they could publish.
In all your 25 years Mirasol.......did you read a CPR posted only a few weeks ago which answers your question before posting negative feedback??? I've copied and pasted below for your pleasure. Again, without ANY of us on here knowing for sure, the fact they have (at great expense) expanded the research into the site to look further at the longevity and earnings sustainability would MOST LIKELY suggest (and this is also in their own words below) a more positive outlook than they were expecting. Additionally, they also mention additional resevoirs. Congrats to all involved, this 'most likely' looks likes great news for all - now everyone, take a chill pill, read a book, smoke a cigar, whatever you do to pass the time - but stop writing speculative c*#p and just wait for the report, then you will know the answers rather than guessing them! And Royoguesswork, that is also aimed at you. You bring less value and sense to this BB than you bring punctuation - if that's possible!!!!
Over the course of the initial preparation of the CPR, particularly given the receipt of further positive information in respect of downhole pressures and the continued elevated production figures from Wressle-1, the decision was made to expand the scope of work from a CPR to a wider Reserves and Resources Report prepared in accordance with the Petroleum Resources Management System ("PRMS"), a standard developed by the Society of Petroleum Engineers.
The additional reporting in the expanded scope of work for the Gaffney Cline report will incorporate:
· 1P/2P/3P reserve values for the Ashover Grit and Wingfield Flags reservoirs
· Highlight and discuss any additional potential reservoirs
· Generation of an indicative 2C profile for the *****tone Flags reservoir
· Preparation of a 2P+2C profile illustrating future field potential
Well Watsons you're new on here so we'll cut you a bit of slack. I have never heard of a company announcing a CPR and then not publishing at least a summary.
The issue is probably that a CPR is as close as you'll get to a legal document on reserves. For some reason UJO management decided not to proceed with it - even though they'll have spent over £ 100k on it so far.
There can only be one reasonable assumption - they didn't like it
So, not that I'm wrong but that my views count less because I didn't subscribe to the LSE board 3 years ago - great logic!
Royorules, please can you point me in the direction of the T&C's, just so I know what number of posts I need to have achieved before I'm allowed to enter into certain types of conversation. Does it work like a tier system? Bronze, Silver, Gold.....7,195 posts like you I assume you have reached Platinum status and are entitled to write any old unsubstantiated garbage on here (sorry, that last bit was probably outside of my bronze status - don't worry I'll report myself to save you the trouble)
Sorry Roy, with the best will in the world I have no idea what this means lol!
"The dest of it you just while the behind of other posters wsll someone got to do it short stray because you haven't got that many post"
Can't you use a spell check or something? Maybe ask your next door neighbours kids to help?
Tell you what TAC. It seems to be English that Roy is trying to convey his message in, but translated through Welsh, into Swahili, through Urdu and then finally back into English. The end result is English words in no particular order.
Just filter him. He is a complete waste of a Snail's time.
But then so are the other groups on this board.
The only thing you are getting through to me Roy is confirmation of your illiteracy, twat*tishness and total lack of human intelligence.
royoboy has a crush on me.
Go back over his posts... my name comes up constantly.
Roy, don't go dragging us Welsh into your utter stupidity and illiteracy. You do not speak for anyone but your thick, dull idiotic self....
Roy: What a freak...
He isn't alone here.
I know that from a tweet to me.
Just play with them.
Our time is coming.
royoboy
You will not stop Union Jack Oil being a big success this year with your dopiness.