Member Info for Gwynwin

No Jim's Anti

What is not good about UJO the gas machines is lowering the production cost the export of gas to local network more barrels a day out more money to the JV companies from the extra barrels a day no mater what the price making a profit
A lot of companies not doing that today lots just hanging in there.

Got to hand it to them on board good use of the 2billion buyback should wipe out another 4 billion share plus maybe 5 billion this year should improve the dividends next year.

Break even then so no bail outs required with luck.

The Yanks are going to do their best to save the SVB clients so that should save some banks over here or all which ever have investments in SVB.
Here’s Hoping !!!!

No more monthly reports it is doing nothing for the company so it is going to half yearly reports. Let’s see who will hang in there.

Colin’s got nothing to worry about in every barrel is a possible bad one needs treatment or thrown out all will be revealed later.

OKget ready big boost here in or around Paddy’s Day Wressle up and running at full blast 14th million on-the bank 11 million in cash what more could you wish for than the million dollars being earned a lot quicker than the past up up and away.

OK will we ever hit 50 and soon getting less inviting as we go through the year.
Nothing to write home about.

you just have to watch Lloyds they are dtarting a 2 billion buyback and the price will not rise while it is sll happening it was only after the last buy back of 2 billion that it started to move up a couple of pennies so not much hope here on price while we buyback.

They have to follow the rules in all cases on sell or destroy shares later for now
the EU Market Abuse Regulation (596/2014), the Commission Delegated Regulation (2016/1052), in each case as such legislation forms part of retained EU law (as defined in the EU (Withdrawal) Act 2018), and Chapter 12 of the Financial Conduct Authority's Listing Rules. The buyback is subject to the continuing approval of the Prudential Regulatory Authority

Anyone can see share buy backs are not to prop up the price but to get the volume down at the lowest price hence it improves the dividends for the holders next time dividends are paid less shares more divi.
I have a few in lloyds and they never went up when millions were bought always around 40 to 45 now they are more just over the fifty waiting to see what the next divi will be hopefully more than before.

on simple calculations over last 8 months the well must have produced 750 barrels approximate a day divided between The three JV's in percentages.
At that rate with the Gas being used and passed on they should get a 1000 a day easy. another third more a month in monies possible 16 million dollars a year with other possibilities in the pipeline.

17 February Share talk by DB proves there will be more dividends paid
As he said he does not like to promote his own company but recommended if you wanted to invest one was it was paying dividends pls Cash and dept Free
With prospects from others later this year.

OK that the last of last years money on buy backs now the company has to work out what dividends to the first 6 months and buy backs they will announce in April for payout in June maybe with more buybacks . However a good Dividend would be preferred. To start lifting this one out of the doldrums.

So today 4 to 1 buys but price is down just cannot put together an excuse here for whatever is going on
cheating a foot me thinks

Stuff the buy backs let’s have a double last rate Dividend for the long standing holders of this share and suffered under the old Placings.
Time to spread a little of that mounting hill of money.

Looking at the average oil price over last 8 months 90 dollars give or take ujo earned 7 million dollars
ujo production of 300 a day by90 eq to 27000 times 259 days just under 7 million that 50% more than the 200 barrels a day from the well 500 a day. bloody Magnificent results

Yep I screwed up no Dec monies in so month out on calculations 8 months only 7 months monies in ok back to drawing board check and recheck

from the date of the 6 million in the bank to the 13 million in the bank is 228 days if uou can count remember there is only 365 days in a year and 7 months at 30 is 210 days plus the odd days so 228 is more than 7 months however the returns is the same and equals barrels at 80 dollars no mater what way you call it very good performance