Member Info for Heid

Then their report is a very interesting read, itsawrap:

'While the balance sheet has remained healthy, with net cash of £2.5 million at the end of 2024, previous U.S. drilling had been funded entirely with cash flow. We therefore maintain our high risk rating.'

Https://portal.sidoti.com/document-preview/72661/Company%20Update/1F3E5926-3D97-4B03-B45F-1FCB1D78B8DF/Union%20Jack%20Completes%20Private%20Placement%20To%20Fund%20Growing%20U.S.%20Drilling%20Program/07%2F23%2F2025/4000

Page 10 mentions the $60,000 that I referred to

Union Jack are part of the Lighthouse division for Sidoti. You will see featured here :

https://portal.sidoti.com/companies-lighthouse

Now read the next part I found :

'.....clients of Lighthouse Equity Research, in which case the fee is $60,000. The fee is for the production and dissemination of an Initiation

Report (if the initial year of the contract) and quarterly update reports during the one-year term of a CSR contract. '

https://www.otcmarkets.com/research-report/0amTnb3wtBK/contents

I believe that answers part of your question itsawrap ?! It looks right to me ?!

LR there are holders here in the 80/90% losses

Interesting itsawrap agrees with AIMDogs on the 3ps

I would agree with them

Now then...Howie...whats his salary gonna go up to ?! £37500...versus the amount of shares he has just bought.

David an Joe bought a measly £15000

I think Howie needs a substantial payrise !!

Much more than any shareholders will ever get with this oiler.

I tell you who will be here :

D Bramhill 325,000

J O’Farrell 150,000

G Bull 50,000 57,500

C Howie 37,500

8th July Share price 8.60p

'Beginning to feel rather foolish hanging on to these now.'

As the share price continues to fall I am intrigued as to how low you will let it go before you sell or do you see it rising ?!

Every buy appears to be sold by the very clever group who have been playing this for months.

Kawasaki today:

'90% loss'

Kawasaki Today 08:16

The future bright 🤔 long way home for me.

Smythery, it’s weird how my writing style, grammar and vocabulary changes completely when I'm talking about Kamran almost like a different person is writing.

Https://x.com/UnionJackOilplc/status/1833491189665800357

There it is 😂😂😂

I think David might be at the drive through ordering a Big Mac meal

Reach must be happy though.

Keeps them in work.

I guess there will be some flights to do site visits coming up.

Expenses time.

Might get to see David looking at the meter again with his fat tum tum.

Most certainly.

An then those shorters will be lurking.

The very clever ones.

I bet they have their game plan already to make a fortune from this casino.

David's £15000 is rather odd too considering what he earns here.

Even Joe matched it with a low ball of £15000

They do seem to retire together...I wonder... ?!

Also LNEnergy have put a strange post on their website. Worth following in terms of West Newton's future here..

I dunno...all seems so wishy washy hence the share price being where it is now

I like reading Kim Clays posts on ADVFN-super clever.

I presume he should be interested in the risks as he's investing other people's money. Most investors are not familiar with the details of oil and gas. There is I believe a tendency to post big numbers to feed the shareholder demand for showing "upside".By example: 621 bbls/day of "open hole" flow. This is not a real reflection of sustainable production flow rates, which as we have seen were then stated as 140 then 80-100 then 65 at Moccasin. As per my previous post the probability of all three wells encountering moveable hydrocarbons is 21%, that just maths. The probability that all three wells are commercially successful , if we assume each has an 80% chance of commercial success then the probability that all three are commercially successful is 10.1%. That's pretty high at 80% commercial but as three of the four wells to date have flowed and are at least cash flow positive 80% is probably a good guess. So the aggregate NPV10 of $39mm should be placed in the context of the risk of that particular outcome actually happening.

I guess my mind is used to the pattern of this only going down.

When there is a big sell off from the placees on Tuesday where will the price sit then ?

Won't placing shares just keep being dumped ?

Or am I being a bit thick ?

But then you have to standby for those who have been shorting/borrowing the shares this for a very long time.

JokingU gone very quiet.

Normally his specialist subject.