Member Info for DaveT1

Expecting Q4 update by 9th November, no option but wait and see.

Each to his own.

Unlikely to get honesty and transparency in an Aim share but I can keep a tiny bit of hope for a dividend with all the spare cash here.

To be fair, UJO put out more news and updates than almost any other Aim company.

Great news on Biscathorpe!

" I thank shareholders for their patience and remain confident that both investors and the Company will be well rewarded in due course"

I think that deserves another little Christmas divi from the cash pile to keep us sweet.

Agree it's positive news for shareholders.

Cash rich, asset rich, making money and rewarding shareholders with good dividend even when basket prices are low.

Very happy to be holding and adding here with NAV well over 90p

DYOR

With a 20% rise in revenues over last year, there should be a decent dividend to come.

Good opportunity to fill-up before tomorrows ex-dividend!

First look at this today and agree the IPO was over-priced but surely this is a major over-reaction to what seems to be a fair RNS given the global and Nigerian circumstances.

Still forecasting at least 20% growth in revenue.

"The Company has a well-managed cost base and focused investment plans, remains highly profitable and continues to generate significant free cash flow, which will be used to invest in the business and reward shareholders going forward."

It's just bizarre (or maybe not given the stock market these last couple of years). DYOR (I'm still doing mine)!

Need to keep working on re-building sales after the 're-model' but I'm encouraged that the NAV is now twice the Market Cap and with an inventory over 1m it looks like we are ready for the lead up to Christmas. I think the new Red bottle should do well especially for 'gifting'.

No money, no profit, no returns for shareholders. Time to award ourselves more options.

Cheers broomtree, mine landed today.

Penta - there's the link provided by wolf below to information on Self-Invested Personal Pension (SIPP). It is a UK scheme and it is unlikely that there is an equivalent in Belgium (sorry).

I only hold these in a SIPP so there is no with-holding tax on the divi. Although the latest divi hasn't appeared in my account yet (Grr).

Well I've no doubt they will all give themselves a pat on the back and reward themselves handsomely.. they can afford to because they're not rewarding shareholders.

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.

Share stability rule 4.

"Don't let the Finance Director escape mysteriously just before presenting the accounts"

seems very cheap now.

Excellent effort and very decent results!

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.