Member Info for Hydras

RogTallbloke, not even anywhere near 6 months then, like DB, your boss stated. Could be more like about 3 years to start possibly getting some return - possibly? Put $1 million in the bank for 3years and you would get at 5% certain, no risk return of around $160,000. To my mind not a very good investment at all for the massive risk being taken? It's no wonder no other oil company had taken the offer up from Reach. They must have seen the mug coming!!

Andrew's wells are obviously now found out, by yellow belly DB (scaredy cat), to be far from commercial, so he will not provide the average daily oil output in an RNS or on X. What a demented liar DB is. Shareholders - Prepare yourselves for more lies from DB, for the flow rates from the new Taylor well to indicate it is "initially" above the very low bar of USA commerciality for Reach, but certainly not for UJO ? Will UJO ever get there money back on the USA venture, very, very doubtful indeed. Beware, more ramping and lies from DB on there way !!

Uggy, I expect the October and November production figures, when issued, will hold the key to this conundrum, as in his usual way, DB will not tell the ordinary shareholders, just his friends and relations.

Should read $1.6 total for 5 months absolute max income?

Itsawrap, agreed, it still doesn't add up. At the very best in 5 months production, 30 days a month, at a maximum say of 400bpd at $70 a barrel gives about £1.6 million at 40% share, to UJO ?? Needs to be another half a million $ from somewhere to make it add up?? DB dreaming again, the future's bright but not for the shareholders!!

Itsawrap, agreed, it still doesn't add up. At the very best in 5 months production, 30 days a month, at a maximum say of 400bpd at $70 a barrel gives about £1.6 million at 40% share, to UJO ?? Needs to be another half a million $ from somewhere to make it add up?? DB dreaming again, the future's bright but not for the shareholders!!

Gwynwin, ease up on the tablets, I think you have overdosed this morning. No one can understand a word you are saying.

Is possible they are now selling electricity to the local businesses from the gas generators ? Still seems a lot for one or two or even 3 months supply? Is it possible they have recently sold oil stored on site from previous testing exercises? Why doesn't DB say something?

Yes JO, All looking extremely positive. Good time to fill your boots with shares at the current bargain price. Opportunity Knocks!!

What utter rubbish you do spout Gwynwin!! Truth, honesty and integrity in a timely manner from DB, is what the shareholders want, is it too much to ask for? That's all!! Why does DB say that UJO will get their money back in 6 months when realistically others have worked out, from government data, that is a big fat lie, as it will, at best, be 3 years if, and it's a big if, the Andrew's wells continue to produce at around the current government data rates. Some massive difference? The future's bright for DB with his big fat salary only. Reach have led him down the garden path and taken him for an expensive ride in the USA. What a plonker!!

Chairman must resign now after that shareholder vote. There is little confidence in him and his respect has been shattered now for all board meetings and decisions taken. Has to go.

RogTall, not what the other existing well production results in the locality tell us. All other wells in the area do not bode well for any increase in oil flows. Quite the reverse in fact. What is your response to that Tallbloke? Love to hear from DB supporters. Fools and their money?

Itsawrap, thanks for the figures you have managed to gather from all the smoke and mirrors of data issued to date. Can you put some financial return on those oil and gas numbers to see at what stage (how long) the costs now payed out in development of the wells, are repayed by the income from the oil and gas sold, taking into consideration the day to day running costs and UJO'S 45% interest ? Something that DB has not done because he knows it will look a dreadful waste of money and a very poor gamble.

From the sp fall today it seems that the leaks from the site via Reach's employees to UJO's employees and friends in the know are far greater than the dribble of oil produced by the new well itself. Oh dear, not another resounding great commercial success in the USA that doesn't pay back for several years, if at all. It is still not clear at all, if this USA venture is worth the money being spent on it. Love to see the predicted return on all these new USA producing assets over the next five years. Possibly negative when compared with putting the same amount of money in a savings account at 5%. I bet DB' s money is safely tucked away in the bank each month and certainly not invested in UJO shares. Fools and their money!!

Wash your mouth out Mickybee, as you well know, UJO is not run for the benefit of the shareholders. Not even a miserly 20% of the profits is set aside each year for the benefit of the real owners of the company, so why bother investing in such a mean and unrewarding company?

Even if DB announces it is a great success and a commercial find, no one can believe him , going by previous announcements, until it is confirmed by other means what is the real truth. DB is incapable of telling the truth to his shareholders it seems!

Pboo, I understand X have made a ruling that followers of companies cannot now be blocked by companies. Good decision by Elon Musk. Companies must hear the publics comments about their companies, good, bad or indifferent!! Especially if they do not tell the truth!!

Gwynwin, because what DB is doing is fraudulent and against the law and the word needs to be spread far and wide that he's a crooked con man so they shouldn't put any money into his UJO company. As a director he needs to be struck off for knowingly announcing formally blatantly untrue information and also willfully withholding any negative information about UJO's production thus allowing his colleagues to sell shares prior to ordinary shareholders actually finding out the truth by other means. DB is a pure con man and is not fit to be the Director on a UK company.

Gwynwin, keep taking the tablets, they certainly don't seem to be working at the moment. You cannot keep lying like DB has because eventually people find out and in this case they have. The Andrew's wells are not a massive success as claimed. The wells will be lucky to pay back in several years, if at all, at current flow rates provided by REACH on the government website site. Installing larger pumps will not improve matters a great deal, just increase decline rate.

Pboo, DB seems to be infatuated by the Macawber principle, derived from the Charles Dickens novel David Copperfield. Problem is that nothing does "turn up". If oil was discovered in the 1900 near by, why doesn't he ask himself the question, how come no one else has bothered to drill in that location for over a hundred years if it is such a good oil bearing location? He likes making high risk loose bets when gambling OTHER PEOPLE'S MONEY. He needs to ask himself, "would I put this money up for the Taylor drill , if it was my own money?" Bet his answer would be no. Unless he is a fool of course. As a fool and his money are easily parted !!

Gwynwin, you have said "you cannot see the connection between Reach and UJO" ??? You do talk a load of utter garbage. You are so out of touch with reality it is unbelievable. You have certainly lost the plot - are you related to DB ??