Member Info for Heid

'Heid. Price: 14.00

No Opinion

RE: Investor meeting online 4 Oct 2024. 07:52

Why is a big holder messaging me saying David promised flow rates from Andrews three weeks after the AGM an feels he is playing us all ?

Why do the board feel they can take such large salaries on their performance on a falling share price ? '

Sorry...to be a bit clearer...as he saw the price dropping:

A large holder in UJO, who attended the AGM, an spoke to Miles Newman *later felt that the drills in the USA were keeping Reach team in work.

A large holder in UJO, who attended the AGM, an spoke to Miles Newman felt that the drills in the USA were keeping Reach team in work. I still reflect on his comments in terms of the low flow rates so far reported versus the costs an how long it will take for David to pay back. The Mocassin well is only a 50% COS so could equally turn out to be a stripper well. Surely David must be wondering if the gambles are worth it ?!

The large holder was not impressed with the transparency/news that was promised after the AGM either an felt he had been played after topping up large amounts in the weeks following IRO 16p.

Brocs.,

You know when you play Monopoly an you know you have lost all your money on landing on 'Take a Chance' whilst the other players are shouting "Rent" to our David an he knows he is not gonna win. He bought one site on Beacon an that cost him 1500 $s. The Andrew's wells weren't the Park Lane he thought an now the donut, who is played by Finch, has taken the lead on Biscathorpe.

I guess David can play the Ferrari 'car' with Sachin at West Newton but would you throw the dice on the Mocassin well as it is only a 50/50 COS or David may find himself in jail.

I don't think they have rabbits on the Monopoly board but you can't deposit excuses.

Geseppe maybe your mate could do some more blogging, that might spice things up on the old social media. They were the days in all reality.

Darts time now. Ciao.

But end of the day David an his friends have spent way too much pocket money here with their 'embarrassment of riches.'

Am I allowed to say it without sounding rude ? David is birthday boy this month an 74. Graham is also birthday boy but has a few more candles at 79. Joe is the same age as David...74.

They enjoy what they do an the good old days were Wressle an low taxes. West Newton was exciting too until Rathlin mucked up.

Are we really Union Jack Oil anymore or some USA stripper well club for HEYCO ?!

I am sure we will be told when one is coming on social media an then David will be forced to RNS the rumour. Then the next day or so it will be confirmed. That is the normal pattern. The exclusive will be leaked to outlets to make sure it is leaked . All about the money. Poor old David's in box must be over flowing.

David is a cute little man an still makes me smile but I am not so sure he has been very clever here or had much luck of recent. I am sure George, Joe an all are still enjoying the journey here though. I just sense their nerves as they play the next move here. All rather exciting to watch especially as I called it right getting out on the teens.

Yes, an I could buy back in far cheaper now.

Starts to look even more like UKOG if that is the case.

IF those rumours are true of a book build surely that counts as another leek ??!

V.I.D

Very important drill, especially with Winnifrith an his wise men breathing down David's neck. Makes me feel nervous.

50% chance of success

· Planning and back-costs of US$256,000 paid to Reach

· Cost for drilling and completion of the well are estimated to be US$600,000 net

· Costs will be paid from existing cash resources

Fascinating to watch...

7ps ?!

WTF Egdon you could argue. I had numerous emails from Mark saying the intention was still to drill the side track which I posted but having said that David chose to work with these operators, the same as Rathlin so there we go.

I think the gambles have left Bath HQ with no more chips to play with apart to keep the lights on an pay the lucky few.

IF Reabold got the Colle Santo permits approved that would bode well here an IF a USA drill was decent for Union Jack instead of keeping HEYCO employees in work as it appears so far.

Very high risk now suppergit, certainly not the Union Jack we all bought in for. In David's defence the oil world is now very different with higher taxes, the likes of Finch overturning decisions etc

Good luck if you are brave enough to hold with investors having to do their own homework versus the ambigious RNSs an ramping interviews from David that do not come to fruition.

Take care suppergit. I know you was always conflicted here x

Suppergit,

The post by TheAimCasino stayed with me an influenced me an my family to sell our holdings. It was the last sentence where he spoke of 5p.

250 BOPD from Wressle is very poor when you think how Union Jack is swallowing up the cash fast with salaries, Beacon, costs in the USA etc versus the flow rates, Biscathorpe Pennystones looking years away to flow ...

Since TheAimCasino's post of 17p in July 2024 the share price has dropped to 9p. I think that 5p could become a reality if the 'smart move' TheAimCasino spoke of in the USA does not producer a gusher instead of a stripper well.

" TheAimCasino

Price: 17.25

No Opinion

Silence? 🙄16 Jul 2024 16:12

25 RNS's so far this year and you say 'silence and more silence' lol? 25 positive updates is more than most companies would release in two years. Seems like a few here don't venture outside very often and have no idea what is going on in the UK oil industry.

We have seen a massive profits tax levy implemented, we have seen challenges to planning applications, planning permission contested, the muddy waters of the Finch case that nobody seems to know the implications and now Miliband who has basically said no more drilling or new licences. Throw in JV lethargy and I can only say I am glad that DB took the very smart decision to expand into the US where the company has drilled two wells in the time it takes to fill in a planning application over here. Has anyone not wondered just where we would be sat waiting for the UK assets to be actioned? Probably 5p "

#EOG #UJO Very informative listen re Wressle from 39.00 ▶️

'...at the moment producing 500 barrels of 'fluid' per day...doing about 250 barrels of 'oil' a day..'

https://players.brightcove.net/5116773131001/default_default/index.html?videoId=6365472196112