It's a pants deal MB.... Now people have read and understood the detail, when we come to drill if we farm out again we be lucky if we hold 10% of it.... I reckon shell push it down to 7.5% or even lower.. And egdon r the deal makers... Lol... Don't make me laugh.... Haven't got a clue how do play with the big boys....the only potential rise now will be the update from Bishopthorpe which like everything is over due update.... And in my opinion that still at best be drilled if they do... Summer next year or later, Edr just haven't got the cash at the mo.... Get ready for the placing as well... Lol...
GL all
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When has egdon or any other E&P done anything ontime.....I be surprised if any announcement on the farmout tomorrow....that be at least a week away...and wouldn't be surpised of some sort of deley or worst case the major has pulled out...
be nice if there is a little rise tomorrow,but the market may look on if there no announcement as a bad thing and dampen the good wresele news that was released on Friday.....
GL anyway
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I don't think this is anything to do with the wessele appeal, there hasn't been any real substantial gains from EOG, or UJO... this is to do with the signing off of the gas field work that's gotta b done by the 21st January, if not done there b another sell off.... To be honested I'm not to confident about EGDON getting the signature, why would potentially a super major giving EGDON a free ride on the rested of the work that needs to be done...
GL all
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Does it take to make a decision that LCC have agreed to pay costs for.... This isn't a straightforward thing as many think ere.... This should be a "back of the net thing" but it's just not seeming that way at all... No news today.... Willing to bet there be no news tomorrow.... What the hell is going on with this.... If there no news till after say like the 10th Jan... I'm seriously worried bout the hole mind set surrounding E&P decision making in government....
Happy new year all...
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How long does it take to release news on a decision that's already been made.... So nothing today... This be going into the first two weeks of 2020.... Happy Christmas all holders and LTHs..
More of the same next year slow if anything news flow...
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Let's hops so 4 good news it should be, I can c this going into new year.... But first thought be after Christmas day but b4 new years eve.... Why are they sitting on this... Things move so so slowly.... Be nice Christmas presee if b4.....
GL all
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What's people's guess on a positive decision me thinks 7 to 9p
I agree oiler87.... We are going struggle to get this over 10p again... And to stay over.... Just think odds are anit stacked in EDR favour at the mo... But that's the nature of the Beast...
I know things went wrong for ujo on the placing, but that's just mad an extra 3.3BILLION extra shares in circulation... West Newton is a great find for sure... But they got little skin in the game.. But me thinks they do. Ok with it.. ..
I just want out now....
GL to all
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Oiler 87....i think u r spot on, all the major has to do is just sit back wait few yrs, and take full ownership of it.... Think that was a bad move by the OGA... That has now put EDR in a bit of the corner.....no easy way of saying this... The two licences in question they lost this now... Bet EDR spitting nails.... Get wressle over the line then I'm out....
GL
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Looks like your trade as appeared now... Fair play to you...
It doesn't take much to move this share...
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:(
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like here there be another cash call.....ujo and edr need to get wresele over the line..
my guess anything less then 2mil in bank by end of july then edr be calling...
am intrested to see how much costs edr got for the public enqury from LCC..
and a plan for biscathope
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may be they we add some meat to the bone regarding BISCATHORPE side track if there is to be one.....not a holder of these....think I may of missed the boat...do remember these @0.008...wish I jumped in then....
I read these posts with intrested,i think this baby UJO....will be a very different machine at end of 2020....
GL all
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Let's see if we are fully funded (very much doubt it) to get wressle up and running b4 the next fund raise.... Now that would be a nice surprise if we can get to there without tapping LTH 4more cash...
My punt how much cash in bank by end of 31st July... Less then 2million....less then 2mill we need more cash.... Be nice if mark says that we don't need the cash, and if we get the green light anytime after th 12th dec19... That the money in bank will be enough...
Its goal of 500 bopd its never come close to doing, goal it set back in 2009...have I really been on board all this time... SHOCKING.. Lol..
GL all
Tire down the hatches lol.. Its going be a rough ride.. Imho
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On thrusday.... Does make u wonder whats going on in the back ground, got good vibes from the public enquirie I thought so any way... Then someone dumps that big amount.... WHY..??
Just hope there's not to many of them or we will be in trouble...
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Mighty is very thorough with his work there.. That's a good write up... All that going take a lot of money... And u right 18 months is a long time... I hope once EDR UJO EOG get green light, that the necessary people r all ready waiting to start, and get this well flowing 4 everybody... Everybody needs cash flow... Hope your right in your prediction.... Just think that is 4sure possible but me thinks bit further out....
Wressle is inportant for all concerned
GL
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I hope 4us all it does go to that.... Your 4p prediction heid... Would put UJO @480million pounds price tag..... My prediction is around 1.5 to 2p over 18 months ..i think there going be another placing middle of next year..... But when that happens think SP will be higher then we r now 4 sure... Not deramping ere.... I think UJO got a good future in front of it 4 sure.... But so so many shares in issue...
I be happy with green light for wressle in the run up to Christmas.... Then ujo will be a profitable company on the making...
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Wressle update
https://youtu.be/Ps03HKI5NXE
Got say....i don't know why egdon mark doesn't do any of these.... Its always either DB from ujo or europa (4gotten his name) he's been interviewed... Didnt realised the costs have been accepted, be interested to know how much... Happy viewing people..
https://youtu.be/Ps03HKI5NXE
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I think very over sold at moment, can't belive why the 300k share dump this morning.... Is something going on in the back ground that we don't know about.... Mmm... If I had the cash I would just to bring my Ave price down.... Then sell laters...
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