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I see Mark has in RNS that the Wressle is producing 770 barrels a day since March
At that rate Ujo has 308 barrels a day with the new rate that will be higher got to be in the region 400 a day approximately not bad for a one trick pony..
A RNS Ujo needs 12500 barrels to get the 1mil into the bank.
The others will have the 9375 each
At that rate it depends on how long at what barrels a day
At a 1000 31 days less will mean more days so 10 of Dec 2023
The new big boys on the case are lookkng at UJO as a good return for there money.
40% more from Wressle and a 100% from Biscathorpe for a mere 50 million with any other income from WN or Germany as a bonusWressle along will pay back the cost from production the rest is clear profit into the bank.
Second That
Forget the old company this is all new at the top and a lot of go getters in charge
The old company had license for other minerals in the area but they dumped them for Coal only maybe SKA can see other profitable mining operations that could improve the returns
Jarv55 why is it then UJO has benefited as well as this FT paper publishing is saying it’s price has been down and down with a good profit that has got 17 mil dollars since the start of production yet it’s price is not reflective of its profit.
Of 10 million pounds in its bank
All down to the Cons Government and when you Vote Labour we will be back in austerity again has it has been proven by very government that has come and gone Labour leave us in dept and the Cons dig us out when we are going well
Money in the coffers we Vote Labour in and the cycle starts again and again
Why Do WE DO IT
Some one in know or heard a whisper or just the gamblers have arrived and are in for a bash