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Https://www.malcysblog.com/2025/01/oil-price-pharos-savannah-gkp-and-finally/

Malcy Graham Wood:

'....wanting lower oil prices for inflation purposes and yet to want to drill baby drill, at say $50 there won’t be any drill baby drilling.'

I 100% agree with Malcy.

I hope you like the smell of your own f@rts

7th Jan RNS

Interesting how David quoted it as a 'pleasing return' an Andrews as a 'Major Success'

But over time you may be right Ribeye.

'...additional revenues from our US Mineral royalty portfolio that provides a constant and pleasing return on our investment.'

May be if it is tax efficient I guess to allocate revenues an costs for pricing arrangements an tax sharing agreements

HEYCO do the hiring so thats not down to David employee wise.

There doesnt seem to be many buyers from the USA yet an I guess they cant sell the merits without a decent drill result ?!

Then of course we have the Keddington well that has been shut in since last May for upgrades an not the promised side track. Oil price 79$ an Trump looking to drill aggressively an drop the oil price.

The next set of accounts in May will be interesting for the year end an as you say...Mocassin an Taylor are needed to cover the costs of the failed Andrews, Beacon German drill etc

It is the numbers that count ultimately an not the 'major success' as David worded it for the Andrews' wells.

Thank you for your updates itsawrap

Maybe David could start to RNS them so you dont have to put in the research ?

Those who paid 13.5p at the top of yesterday's excitement are now 15% down

Let's hope David RNSs good news from the USA as Andrews wells dribbling out will take a very long time to pay back.

Over to you David.

#RBD Countdown to options expiring. COLLE SANTO permits ?! 🚀 ⌛️ LNEnergy new director Sachin Oza 💥💰💰🫰

#UJO Will Reabold/Rathlin fund West Newton ?? Residents “object strongly” to Rathlin’s small-scale frack plans By Ruth Hayhurst

https://youtu.be/9jK-NcRmVcw?si=PNf3rlqSpnwQUBnq

This is a board to discuss Union Jack Oil an my posts of late have been rather informative imo mentioning some of the assets an complexities here that newbies probably are not aware of..

let us hope an RNS comes soon regarding the USA drills

I look forward to watching David's next interview also.

GLA

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Heid

Me

@nickyboy1886

Still holding at £0.326 or was it £0.362 … been so long

There are no LTH's hardly left

But there were some poor sods spiked today at 13.5p I observed

Let's hope the USA producers a Whooper

Then RNS the positive news or is it a pump an dump ?!

The future remains bright...an has for years.

Most bought in for West Newton an I do not see it coming to anything now.

Why David RNSd his confidence of a drill there last year is beyond me.

66p based on what ? Declining Ashover or Egdon drilling the Pennystones this year ?

Reabold / Rathlin funding W Newton ... oh an getting their Colle Santo permit ASAP before options expire

Upgrades at Keddington - meant to have been a side track ?!

Pleasing royalties ??

David needs a gusher in the USA with Trump pledging to drop oil prices

Lets see if the RNS for the next USA drill really is a 'major success' as David claimed for the Andrews well an is now a dribbler

Good luck !

Get ready for those sells...usual pattern.

BTW congratulations to the new director of LNEnergy and has anyone seen any permit news for Colle Santo ?!

14 Jan 2025 Appointment of Mr Sachin Sharad Oza as a director on 2 December 2024

18 Dec 2024 Cessation of Robert Brooks Price as a person with significant control on 12 November 2024