Member Info for DaveT1

Wressle economic model has a full-cycle cash break-even oil price estimated at US$17.62 per barrel and an attractive cash lifting cost below US$10 per barrel.

Easy maths, great revenue.

Brent crude oil is expected to trade at 102.01 USD/BBL by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

Amazed and befuddled at the communication. I guess we have to wait for November and the dividend declaration.

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.

UJO can buy back shares anytime they like but for the dividend I would expect that to come with the final results now that everything is in place.

I suggest you don't invest here then Monty.. your 5 minute glance at the company won't really have given you the bigger picture.

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'

At least Heid seems to actually have a life.
Whilst oil remains above $18 a barrel, we are raking it in.

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.

Net Tangible Assets are double the Market Cap. With a bit of luck somebody might buy us out given we are half-price.
Not happy here until they re-instate the small dividend.

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.

Could it be some account(s) that their subsidiary manages that the FCA might be interested in?
Does anyone know what's going on?

Where are the accounts for Y/E March 22?
Will this be suspended if they are not published by the end of this month?
And why no explanation regarding the delay?

The report was pretty much as expected but with the bonus that we still have the original 670k barrels in the ground even though we've already taken over 200k. Plenty more oil nearby to tap into.
Ramping or de-ramping, everyone should always do their own research but there are no words really to explain the motives of peasants like mrswamp

Last September final was 21.9p (3x the interim for that year) and in February this year the interim was 11.2p so potentially 10% at this price.

It's the 'share premium' from the balance sheet.. i.e. the difference between the nominal value of a share (5p) and the actual value per the stock market. (I think)

Dividend with ongoing dividend policy to return xx% of profits to shareholders (please). I don't think a buy-back is necessary at these levels but if they've got the 'spare' cash then why not.

Hi gw123, I use AJBell and have a Sipp, ISA and Dealing account with them... my Dealing account is more of a 'failed ISA investment' account to be honest.
I've always found AJBell to be very reasonable regarding costs and their platform is very easy to use.

Has anyone on here managed to do or tried to do a 'matched trade' to sell (or buy) WRES shares since they de-listed?

All depends what comes out in the wash. Seen similar with Eddie Stobart Logistics where everybody got robbed due to a couple of dodgy accountants. Really feel for any PI's stuck holding at higher than 40p.

Err, as per the RNS.

"The Board of Jarvis announces that it is declaring a third quarterly interim dividend of 3 pence per share, to be paid on 8 September 2022 to shareholders on the register on 19 August 2022 and the shares will become ex-dividend on 18 August 2022."