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13p I did say......
Tweeny Clock where will it stop ?
Uncle David could press the magic button
Flow rates time !
Oh well...down before we go back up. I guess David was right that the share price will improve this year as it has to bounce somewhere .. here come the 13ps ...
I wonder if David does worry about a cheeky offer here that would have to be put to the shareholders. A man has been adamant that this will happen an has messaged me regularly about this. I have always said no but I guess anything can play out here with West Newton funding RNS still not arriving.
I am so sorry Heid, I didn't realise my opinion was so important to you. The reason for not guessing at the Wressle oil flow is that guesswork is all it would be and that is pointless, a bit like all the supposition it has fallen really. I didn't see the point in addressing your question and adding to your overall negativity x
You really are thick Hyrdas
I didn't write that, you really should not be allowed internet access unsupervised
And so end my interactions with you
Personally I do not think you could complain at your average of 500BOPD predicted there Hydras though David's transparency is rather weak when price sensitive news surely should be RNSd on a falling share price if you are proven correct. The fact that that ChristineTaylor refused to answer me re the flow rates being poor / good has made me think you are right, Hydras.
David can claim back the works at Wressle with the investment allowance an reduce his tax bill with the energy profits levy. I would therefore not see a problem funding the next stages at Wressle with Union Jack continuing to be cash flow positive covering all planned G&A, OPEX and CAPEX liabilities.
If the board have not learnt by now that shareholders want to see a few dividends every year to rewards us whilst they fund new drills an cover their own wage then they are failing us. The proof is in today's share price whilst those who know how to play this are doing a very good job an it will continue.
I do think the USA drill will be a success an I look forward to the all important funding RNS for West Newton soon.
Best of luck to everybody here an thank you to David an his team for all of the hard work they are putting in for us all.
DB's mouthpiece granddaughter preparing the shareholders for the worst at Wressle with the following statement.
"for those who appear to be very vocal on the bulletin hoards about wressle, the flow rate will surely be intermittent as it is still under test conditions from what i can glean and will be adjusted and readjusted to counter water ingress. i did not see a sizeable water storage tank in the pictures taken there recently which is good to note."
What a give away by K9 saying "from what I can gleen" . That points to an average flow rate far, far lower than that given in the RNS, over an unspecified period (a misleading peak value I would expect). Still testing!! Who are they trying to kid, themselves no doubt? From what K9 has said, reading between the lines, my guesstimate would be that the average flow rate of pure oil produced from Wressle from January 1st 2024 to now will be in the order of 450 and 550 BPD ? All IMO. We shall see for sure after Easter break ? Anyone worked out the cost for the next development phase at Wressle yet? How many millions to complete? Pay back time? Shareholders dividend returns to be included in costing? Nothing has been seen to confirm the development is worthwhile?
🤣🤣🤣. doesnt he write some ball - locks
n, added to the andrews1 well, gas and oil flow rates, potentially a secondary well if successful and of course the company’s present uk operations.
for those who appear to be very vocal on the bulletin hoards about wressle, the flow rate will surely be intermittent as it is still under test conditions from what i can glean and will be adjusted and readjusted to counter water ingress. i did not see a sizeable water storage tank in the pictures taken there recently which is good to note.
it was good to see confirmation of the planning application submitted and received for the *****tone flags as that has been commented on many times, hopefully this is a project egdon/heyco will now prioritise as will the reabold guys with west newton.
one great thing about union jack not being the operator is that it allows them to progress other ventures rather than being tied up with their jv partners, sitting around waiting. they can do the deals they want unencumbered with operational responsibilities.
i now look forward to the next update when the target zone is reached at the andrews-1-17 well.