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For a fairer picture, in the same release UJO also said:
"Production is currently controlled by the 10 tonnes per day gas incineration boundary, regulated by the Environmental Agency ("EA") Permit, to between 760 to 800 bopd gross (304 to 320 bopd net to Union Jack).
Once the gas monetisation development is complete this production limitation will be eliminated and the production rate is expected to increase significantly.
Independent pressure test analysis has indicated potential flow rates for Wressle-1 of between approximately 1,200 to 1,500 bopd."
Most institutions have specialist small company funds and maybe they will take some UJO once the final results come out and the first of regular dividends is declared along with a dividend policy.
UJO is currently one happy big winner as opposed to Novekingd who is one sad little loser.
Good job you're not invested here then Monty.
Annual cycle made to look worse due to TV advert spend and change of distribution method. Not sure either of those was a good idea but it's done now, we've taken the hit and hopefully we can move forward. It would have been nice if Distil had actually put some pictures of the Ardgowan progress on their website and maybe named the new pub chain customer.. they need to nail everything not just some things.
At least they can buy a lot more shares back for the money.
Things are different from last time but one thing I remember was thinking 'I wish I'd bought a lot more house-builder shares before their prices returned to normal'
MickyBee, what share price are you aiming for (to sell and take your profits)? Or are you continuing to hold for the possible dividends? It's not worth the stress following the SP every half-hour... next time it goes to 50p (and it surely will) it might be an idea to sell-up.
Looks like Andrew Black has the entire company now under his Slicker Recycling group.
Not really sure how that happened or what happened to the 10% Royalty of future earnings that was promised.