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Market Cap less than net assets, plenty of cash in hand, costs under control, lessons learned and a hefty pipeline of work including government contracts. Hopefully the SP will find its way to at least double or treble what it is now.
Hard to tell really. Seems like excellent value but only if their projections/objectives are met.. and they will need to show/prove some rapid progress towards that. I've learned how pipelines can look really juicy but unless there's something coming out of the end of the pipe they are just pipe dreams. Hope they succeed.
All of the top UK onshore wells have a large water cut (some over 90%) and they have been commercially producing oil for 30 years since their first water. All bodes well for Wressle and the nearby deposits.
Just need UJO to share some of the free-flowing cash with us shareholders.
I wonder what the current market expectations are? How far below them are we? How much unexpected overspend on the review - and why? The information JIM puts out for PI's is worse than useless.
You would need to actually work for JIM to have any clue as to what the script is but they keep on trotting out the quarterly dividends so I'm holding.
Buy today, because tomorrow they could announce a progressive dividend policy paying a quarterly dividend of 0.3p rising to 0.5p in year 2 and rising to 0.7p in year 3 (all easily affordable from the stagnant cash pile) and the share price would double in a very short time.
You do know that Wych Farm has a water cut over 90% and it's 30 years since their first water. All bodes well for Wressle and the nearby deposits.
Just need UJO to share some of the free-flowing cash with us shareholders.
But there hasn't been any dip and they did speculate that the Ashover Grit at Wressle could hold 4 times more oil than reported (without touching Wingfield or Penystone).
Production figures since that report to date seem to align with that positive speculation.
Our 'Capital Allocation and Distribution Policy' isn't good enough to attract investors looking for a return rather than a gamble. I think DB needs to re-evaluate the approach before UJO's back pocket bursts with all the cash stuffed in it. All the generic common sense statements in the policy are fine but it needs to end with 'Given the above we will return xx% of surplus cash to shareholders by way of regular dividends'. Then align an interim and final divi with the accounts and pay a special whenever circumstances allow. This would boost the SP and general confidence and wouldn't stop us from making ambitious acquisitions in the future.
Noveck, you’re a clueless, pointless irritating little t(w)@t. You add nothing, you buzz around like an annoying wasp pi55ing everyone off constantly.
You’re either a paid boiler room stooge or a sad unemployed guy sat in Wetherspoons using the free Wi-Fi with nothing much to look forward to in life.
Sound familiar? Am I close ?
Such a shame to see these sells this morning when yesterday showed just how fast the SP can move up when there are a few buys going through. Understandable if they bought much lower and are taking profit but there weren't that many buys over the last few months.