Member Info for Bridgedogg1

Also Wressle was on 24 hour test production for some time, shame we dont know the flow rate but assume it was around 100bopd.

RNST
£1.4m raised 2 months ago. This wont have all been spent so add that in, and I doubt that the plan was for another fund raise once wressle has gone to plan, just doesnt make sense.

Also the terms of the UJO loan has been misrepresented, so the immediate £1m repayment can be removed:

-The principle £1m repayable after 18 month term, or earlier at borrowers discretion. The interest rate of 11% per annum is payable quarterly commencing on the earlier of the quarter following first production or on April 2021. So repayments of approx. £27,500 per quarter, well within current cash reserves and should leave suffiencient to fund other projects and accumilate revenue (£4m p/a) for repayment of the loan and future liabilities.

Feels like scaremongering to me.

Gret news. A large number of buys at 1.45 but not moving up atm, very frustrating.

Now producing 300bopd, thats £5m revenue per year!

Next month for the £50m NPV in Biscathorpe might move this? Who knows.

I dont think its a question of trust, its just the numbers. No big investors until the debt is refinanced because f there are any more issues this company is toast. As long as we can stock to the projections for Q4, which is the big test, then this should turn around and i dont see why it wouldnt be 29p in 12 months.

EDR - the unloved, undervalued wressle partner.

EDR have production from Ceres, Keddington and Fiskerton, redevelopment at Waddock Cross, Resolution farm in with Shell, North Kelsey 1, Biscathorpe-2Z, sale gas on the back burned and energy transition plans.

Got to be more value hear than this? EOG up 20% on Friday and up today along with UJO, in the words of MJ - what about us?

How can this still be worth £22m?

I think its that indications are there will be a cash raise.

Maybe if you listened to people who talked down UKOG you wouldn't be 98% down. Definitely a good idea to listen to the opinion of people who aren't invested, its usually much more realistic, assuming there is no other agenda.

A new focus to justify the existence of the company, namely paying execs for doing nothing, after Chuditch is dropped in 2022. Keep the gravy train rolling people.

Have we been told how they are going to extract the gold yet?
Have we have confirmation that the irrigation has started yet?

What might help is dont talk about price being x now vs x then 'looks cheap' just look at the market cap. Currently £268m. That's why the price is going down.

Really big news. Huge! We have ANOTHER well to fund and drill. HUGE potential!

Right. Is it 2011 again?

RNST - when you say 'they' you mean you are not invested, so just another person casting doubt hoping the share price will fall so you can get in at a better price when or before the news hits?

Just raised monies so not the time to be worried about that. Let’s look to the flow rates which can hopefully demonstrate how under valued this unloved company is. As we’ve seen a slight increase in demand for shares can push the price up quite a bit so good flow rates (100bpd+ net) should see some movement here at last.

Clear signal of a cash raise imo. 3 promo rns in a week is always a worry.

£1.44m raised two months ago.

If we can keep increasing production at this rate we should be ok. Into the high grade ore and moving to 24/7. Unfortunatley that will put us at the upper range of what we can prodcue assuming no issues. We then need to think about refinancing the debt so its not going to be a cash machine but with no other problems MCAP will be multiples of current moving into Q1 2022.

Guys i'll give you a clue as to whats happneing... if the price goes up 20% on no vollumn and then at the top there is a large sell its just been manipulated up so that the MM can get a little commission. The price then drops quickly down to previous levels.

Woth checking the below case. The award was made 3 years ago.

Masdar Solar & Wind Cooperatief U.A.

Very slow ramping up but nothing has been proven yet. The financials are a mess. Q4 needs to be 3x what is was in Q2 or this is a bust. Thats 300 tons per month. I'm not confident the mine can operate 24/7 - we cant even operate 12 hour shifts without shutting down for 30% of the time. I hope this comes good but I've kind of written it off.