Member Info for Heid

Dear Heid,

I’m glad that you found the presentation useful. The flow rate was the average oil production rate over a 6 hour period during which 950 bbls of dry oil was produced. This volume is the gross oil volume net of the power fluid required for the pump.

Regards

Will

#UJO @UnionJackOilplc

Haven't seen the MM's have an appetite like that for a while

https://x.com/Heid_oil/status/1722590176541597876?s=20

If this isn't going to be approved the money spent has been shocking when most here want West Newton drilled.

I found this extract an it mirrors my concerns that it will never be approved due to the Italian field being 12km from the lake

"They try again with the methane extraction under Lake Bomba, despite the rejections of the regional and national Via committee and the Council of State relating to the enormous hydrogeological and seismic risks connected to the possible extraction of methane”. This was declared by the H2O Forum regarding the new project to extract methane from the Colle Santo field, in Bomba, by the company LnEnergy, this time to then liquefy the extracted methane on site.

Has he ?

The word I would use has been enlightening.

But did not surprise me.

Kinda adds up now.

You can laugh all you like but I still believe there is huge upside potential here in 2024

Someone just asked me my opinion on the Reabold Board re today's requisition notice. West Newton is a big catalyst for Union Jack Oil next year...

'Heid what exactly do you think the requisitioners will bring to the table that current BoD can't in terms of getting WN drilled?'

You have to appreciate what Kamran does for a job. He is an influential banker who has facilitated many successful oil an gas deals. Just look at what he did with Corallian, who introduced them to Hannam & Partners ?

Kamran will do exactly the same with West Newton for us shareholders an will get it drilled by bringing in a partner an by sharing the risk

LockedIn asked me :

'Heid what exactly do you think the requisitioners will bring to the table that current BoD can't in terms of getting WN drilled?'

You have to appreciate what Kamran does for a job. He is an influential banker who has facilitated many successful oil an gas deals. Just look at what he did with Corallian, who introduced them to Hannam & Partners ?

Kamran will do exactly the same with West Newton for us shareholders an will get it drilled by bringing in a partner an by sharing the risk

Based on the API numbers, current crud inventories are the lowest since 2013 for this time of the year.

However, in 2013, oil prices were $27 higher!

Eric :

Unquestionably, there are signs that the global economy is cooling. The key debate is will this have a significant enough hit to oil demand to tip the market into oversupply, given higher than expected supply growth this year (mainly from Iran). As of now, using the best tools available to me, I can find no serious signs of demand weakness. Even with recession in the US and Europe next year and global oil demand growing by "only" 1MM Bbl/d, global oil inventories should still fall...from what are already multi-year low levels. Too, do not doubt the "will" and "intent" of HRH ABS.

Top priority is for West Newton to be drilled an restore share holder confidence an value here.

That is what I believe you will get from the requisition.

82% of the votes for Stephen Williams to be removed from the board

Surely he should step down gracefully with such a vote of no confidence.

It is clear to me that the requisitioning shareholders are what everybody wants to see an to take the company forward.

The rise in the share price in recent days must also be welcome by many.

Sentiment high #UJO @UnionJackOilplc after flow rates at Wressle announced - Up 9%

Big support for the new requisitioning shareholders RNS #RBD @ReaboldPLC LSE. Up further 4.55%

Notably @UnionJackOilplc rose on the RNS news from @ReaboldPLC with West Newton common interest

A good day !! x

I would agree that Andrea has lots of contacts in the oil an gas world for West Newton to take it forward.

Kamran has committed in the Reabold requsition that they will return £3m of the Shell money as a cash dividend back to shareholders

He said there will be no buybacks as this is just adding to shares in treasury to then be used again by the company.

Now my little old ears pricked up there an thought I constantly read people want the shares held in treasury cancelled for Union Jack Oil.

So...David do the right thing an cancel them ASAP.

Cancel the shares held in treasury from the buy backs

David buy some shares

A solid an funded plan for West Newton

Kamran Sattar owns 200,000,000 shares personally at cost of 0.45 a share. For this reason alone I believe that kamran an the other directors will only be focused on driving value an returns for share holders. It is not in their interest to use the business as personal piggy bank with inflated wages an questionable deals.

Reabold have put in £10.3m of hard cash into current deals excluding Colle Santo which has not created value at all for shareholders. The only deal that created value for share holders was funded by Portillion Capital’s investment in the CLNs for Corallian Energy which was for the sale of Victory to Shell. In my mind it is irresponsible to think that the directors now plan to buy another asset not knowing if this will even be successful ?

For these reasons I strongly urge you to vote for the requisitioning shareholders to intervene an stop the destruction of shareholder value an finally put Reabold on the path to success.

RNS out on Reabold

Requisition of General Meeting

Notably Union Jack's share price rose on the news.

Plus mm hater

'Shareholder confidence makes no difference to a share price.'

Disagree....Sentiment is what moves markets.

Sorry but your statement did make me laugh

Clearly you have not heard of Cathal Friel...

No worries...