RE: Zero Carbon Humber5 Oct 2020 22:45
Ok, so, I would agree that money would be better spent buying out more of Egdon's % for Biscathorpe.
If we are fortunate enough to sell the West Newton license my guess is there will be a lot of cash spare for new opportunities to be taken advantage of .
Now I note Oilman Jim's comments at the weekend regarding UKOG ..
"As expected, UK Oil & Gas (UKOG) announced its placing. £2.2 million at 0.16p “funding initial Turkey operations.” How well this sits with its stated aim of “increased energy security for this country” is a matter for the company’s shareholders, most of whom bought in precisely because of that objective. It’s not really that clever a move. Of course, it might never happen and as they state further down the RNS, “in the unexpected event that the PA and JOA are not entered into, the company will deploy the proceeds of the placing for working capital” (i.e. directors' salaries)."
Loxley is not a done deal yet.
Still water issues at Horse Hill
UKOG , could 'maybe' provide an opportunity for UJO if we have a large cash balance next year.
It is a thought.
With Wressle producing and potential to increase , Keddington, Biscathorpe . What do you do with all that money ?
As David once said, " We could have an embarrassment of riches. "
Imagine David and Uncle Stephen .. my twitter would be in heaven.