Member Info for Heid

I am looking forward to hearing what David has to say.

At last I get to see Top Totty Scotty...

Now I know things are on the up. Aghhh.

Hmmm all so intriguing isnt it.

Egdon RNS :

'we reported facility constrained instantaneous flow rates of up to 884 barrels of oil per day ("bopd") '

Define 'instantaneous' occurring or done instantly.

Is this not why we are having staged site updates .. we are not allowed to have a flare with flames showing ?! We would be shut down. Things I am musing.

What is going on at the site that allows us to flow more than the 884 once the choke is opened and allows the flare to be within legal parameters and the Wressle oil site to operate safely and properly with no problems over 1000 BOPD ?!

I guess knowing what the partners know would be incorporated in the current 'staged site updates ' to make ready for the Pennystones down the line ? Seems logical to me.

'plans to produce from the Pennystone Flags are expected to be progressed following production from the Ashover grit.'

Egdon presentation. January 21.

Well we are producing. Get on I say...

I know it pains you RNStranslator but I see The Pennystones being very successful here and in monetary terms...super wowzers !

Egdon presentation :

'Facilities constrained instantaneous flow rates of up 884 bopd with 480,000 cubic feet of gas '

UJO last RNS :

'Elevated production rates maintained during well test on significantly restricted choke setting and sustained high flowing wellhead pressure'

On 9 February 2015, shareholders were updated on the successful Ashover Grit Flow Test, which recorded flow rates of 80 barrels of oil per day and 47 thousand cubic feet of gas per day during a 16 hour main flow period. No appreciable volumes of water were observed. The oil is of good quality with a gravity of 39-40° API

So we have gone from 80 BOPD .. flown through the 500 BOPD .. next stop 884 BOPD ...'sustained high flowing wellhead pressure' ....gonna move upwards in my mind.

Plenty going on at Wressle, very busy, with there 'STAGED site upgrades.'

Looks great to me GreyPanther. And thank you for addressing me politely. It makes a refreshing change from some of the posters on here.

Read the RNS GreyPanther. Listen to Mark Abbott on his recent presentation. Do some research.

I do not listen to the protestors on this board or those with an agenda to bring the company down.

RNStranslator

You have notably changed your style of posting an sentiment . I thought you would. You dont want to made to look a fool I guess.

Mind you cant put laughing emojis on LSE taking the hiss out of the company either on here like some tweeters choose to do either .

'council allowance of 500 a day equals'

What are you talking about here ...????

Gosh yes ! The Pennystones particularly will be amazing.

I am just going by the Ashover Grit for now.

I am allowed an opinion if I may please.. I go with higher than your 750bbls a day Mr RNSTranslator. 1100 bbls

Also the silence leads me to believe that Wressle is a very busy site sorting out 'STAGED site upgrades' as per the last Wressle RNS.

A few things convince me more that we are in a Brent bull market also..

We learnt that Chinese crude oil imports are at a 3 year low since October

President Biden stated that he has other tools cure high oil prices

OPEC is the daddy long legs .. a poisonous spider..but no fangs to penetrate its toxins.. clever spider.

Brent is rising, no way will we sit at 85 Dollars next year...raise you to 100 Dollars easily..

Shale..forget it..OPEC inventories dropping..lack of investment..Majors ..blah blah blah.. "dirty oilers"

Greta has pulled a blinder with Wressle being the big winner.

Oil price is trending higher. We are moving towards 92 Dollars. With WTI trading at 82, the next stop is 92. Note that there was a low on Friday, today we have gapped up. Bitcoin is flying. Equity markets up.. this week is like a firework lit ... a very important week.

Whenever oil goes up, you are told shales coming back. Then we are told SPR is coming back, but that is very short term. SPR would give a blip but not change the direction of the market. If SPR gets released and the market does not react, that is bad, as stocks are being depleted even further. Oil price would then rise higher.

USA owes huge debts an will NOT raise interest rates. They have inflation at 5%, and inflation will keep going higher. There is a massive push up coming for oil. Then we will see a correction …ready for the next leg UP in 2022.

Wressle is proving to be a fantastic well. To quote the last RNS:

'significantly restricted choke setting and sustained high flowing wellhead pressure’

In my opinion once that choke is opened, and with that pressure quoted, we will see IRO 1100 BOPD. With Brent in a multi year bull market, coupled with other producing assets there is no reason why my £15,000,000 / year net is unreasonable.

So, with so much money being generated by Wressle, Union Jack Oil will be holding millions of pounds in profit. Biscathorpe is on hold for now, therefore I personally see a share buy back being on the cards for next year.

Best of luck to all holders.

It's high time Greta Thunberg put her coat on & left the country. Disgraceful influence by someone clearly not understanding the damage she is doing. As for taking a train and swearing whilst presiding over COP26 & being bought up with fossil fuels and never paying a bill in her life. Get rid !

MF2017,

We will see 100 Dollar Oil by the end of next year.

Every day above 70 Dollars is a good day. Above 80 is a very good day. Next year is shaping up really well and I see 100 dollar oil by the end of next year. This rise will go on for years. US discipline , hyper growth is over. Opec will be out of spare capacity by end of next year. Demand is back to pre covid levels. Today we saw news of the Pfizer anti viral. Flights will resume.

This all looks incredibly positive. Energy ignorance is very important as to how crucial it is to our lifestyles. The timeline to replace oil to renewables is decades and not years.

David and all partners will do extremely well with Wressle income.

In the news Pfizer antiviral drug drops covid hospitalisations by 85%+ and deaths by 100%.

Think oil demand and the return to normal.

Stay focused !

'and claiming £15mm a year revenues.'

Correct, hands up that is my opinion. If Brent rises sufficiently, and the choke gets opened on Wressle, and it flows very well...why not £15 Million per year across all producing assets ?

Then with the cash in the bank an earnings from Wressle so far what is the problem ?

Calmar - TICK.

Onwards an upwards with the profits from Wressle

They are making money...notably from Wressle...hardly 'moving' away.

The Professor of Oil has spoken.

OPEC + is stronger than ever

This is a very strong message to the US

So you do not see the benefits for David if Oil hits 100 Dollars with regards to all of the producing assets ? And if Wressle flow rates increase once the works are done an choke opened ?

it must be me.. i go crazy.

That was not ramping. I answered a technical question that Mirasol asked me.

If he would like to know why the likes of Angola an Nigeria do not have the spare capacity I am willing to explain . But I do not think that is necessary.