Member Info for Hydras

Seems like someone on the ADVFN BB has an even worse view about Wressle. I am not the only one who asks what is going on!! Why don't we get the truth from the Directors?

likeawalrus: something doesnt feel right at Wressle - firstly the recent NSTA data does not tally with the RNSs, there's a 180bpd disconnect, secondly no update on production. Yes DB did say quarterly for the $ revenue but the JV said they would update us once production has stabilised...where's the update? The GC prediction of a 2024 av. of 300bpd may be in the ballpark, we shall see.

C**T, Not one thing I have said over the last few months has been denied by UJO or EOG Directors, yet you have said that I am not telling the truth. I know what the truth is about Wressle oil production now and so do HEYCO but they cannot tell the public due to confidentiality reasons. DB has not stated what the water cut is, why ? He has not stated the reason for the delays at Biscarthorpe and Kedington. Why the secrecy and why pulling rabbits out of hats stated? There's much for DB to answer before the sp will rebound. As I have said previously HEYCO are controlling the UJO and EOG sp's, as Wressle is presently their main source of income, but dwindling fast. That income is both companie's lifeline to the future at present. If that disappears their future goes with it. C**T you have so much to learn and you are still a novice losing your hard earned money. What do they say about a fool and their money? None so blind as them that don't want to see?

Ben boy, my insight at Wressle is that the UJO and EOG directors aren't telling the shareholders the truth the whole truth and nothing but the truth about the actual oil flows being achieved. HEYCO know exactly and they inform UJO and EOG directors regularly but cannot inform anyone else. HEYCO personnel know the oil flow from the well at Wressle but are forbidden to tell others for fear of the consequences and keep it confidential. There is only one reason why the Directors will not release the present flow rates is because they don't make very nice reading and will severely affect the sp. Drip Drip feed the shareholders. It took well over 3 months for the directors to admit and inform the shareholders that water was being produced with the oil from Wressle and then they had to be badgered into it by people in the know. It stinks again now, over the current real oil production from Wressle. Why don't they want the shareholders to know? Because it's bad news. DB and WH would rather the sh not know anything at all until the money starts rolling in from the Uncle Sam adventure and Ireland to soften the blow. DB must be good at growing mushrooms?

Oh, what a surprise the sp has dropped again today (as I said it would). Getting quite regular these days. MM still offloading shares from a block listing placed by an investor who is "in the know" about Wressle oil output dropping day by day, most likely from a source within HEYCO the operators who know first hand(but please don't tell the ordinary). Keep buying CT and K1?? The SP will not stabilise and return until the actual, real truth is told to the public, but that's so far, far away from the level of the integrity and honesty of the Directors of both UJO and EOG. The number of times the company Directors have been misleading the shareholders is mounting day by day. It's about time the Directors ALL came clean about what is actually, truthfully going on at Wressle, Kedington, and Bisc and WN.

CT, you still don't understand and haven't a clue what's going on, along with your mate K1. Still never mind, you must have more money than sense. Keep buying!!

K1 as you know, please tell CT. She is dying to know !!

Nice 89,519 shares offloaded at 16.25p by ???? near to the close of trading today. That keeps the sp depressed somewhat, when there are very few meaningful buyers? Why Don't you both buy £15,000 to balance the MM's books? Go on, every little helps, CT and K1. It's such a good buy at the moment with such a trustworthy Director who always keeps you up to date with all the essential changes in company information??

If you two simpletons cannot work it out for yourselves by now you shouldn't be dealing in the stock market at all, and for certain I will not be telling you how it is done incognito. Just continue supporting UJO and buying the shares, why do I care about you two laddies, wasting your money hoping uncle Sam comes up Trumps?

Itsawrap . Exactly, very, very true. There are some People out there (HEYCO) that are "in the know" and that is why large shareholders are selling and depressing the sp big time. The ordinary shareholders haven't a clue what is happening so it is up to People like us to warn investors to tread carefully and not to buy until the real truth is known about the current situation with the main source of income to UJO and EOG. Directors are absolutely pathetic for misleading shareholders like this and leaving them in a vacuum!

I wonder if it worries UJO shareholders that HEYCO directors and site workers know exactly what is happening to the oil flow rates at Wressle, including the exact quantity of the increasing water cut day by day, yet you the actual owners of 40% of the via UJO are kept completely in the dark. Basically they have legal insider knowledge about the day to day financial performance of both UJO and EOG, yet you don't get any information from the Directors of UJO or EOG until it is far too late make a decision to offload your shares at a decent price. It could be that Wressle is only producing about 450 BPD of oil, on average, since January but you are not told by UJO or EOG Directors because they have decided only to give key information quarterly and that information is sanitized so you only get to know what they want you to know - ie the good news dressed up. Think back when to when the water cut started at Wressle. The shareholders weren't told formally until well over 3 months later, and that was after lots of pressure on the Directors from this board by persons who knew what was actually going on at Wressle! Still the Directors aren't telling the shareholders the full truth. That's why the sp is where it is now, the investors have lost faith in the integrity and honesty of the Directors I am very sorry to say. They are not telling the shareholders why Bisc, Ked are not being developed now and the actual oil flows from Wressle, yet HEYCO directors know, but cannot tell the UJO or EOG shareholders. The Directors need reporting to the exchange for mal administration!

Jokingu, yes, that is true. We need to wait and see if a threshold is reached!! But it may not, for a while, or ever, depending on how many is being held now by them!

We shall see in good time when a threshold is passed, learners.

I would say shorting is a form of betting against the company doing financially well in the future and the Directors being able to drive the sp higher through better profit performance each year and return for the shareholders. So if you think the company will fail to make a profit in the future or profits will fall and the shareholders will get little or no return on their investment and are likely to sell their shares because of this short on the stock by selling now what shares you have borrowed, hoping to buy back those shares at a far lower price later and return the shares to the owner at the end of the borrowing period. You need to have deep pockets and not be worried about losing everything on the deal.

In the UJO case at present I believe the market makers have a block listing in their hands possibly from a large investment company or individual who wants to offload several millions of UJO shares gradually over a period of time to get the best price they possibly can by selling them as soon as a buyer is willing to offer the going market rate. This then prevents the UJO share price plummeting if they were all sold immediately at once into the market. That's why you get a buy and then a sell soon after to balance the MM's books. Shorting is a high risk game for millionaires and large CFD companies but for a company only worth £20 million it can be devastating to their sp and of course the shareholders.

Just stating the actual truth CT(not obsessional dreams), as usual, along with good honest and realistic comments due to the extremely poor performance of the UJO Directors, as very clearly indicated by the continued decline of the sp. What can't speak can't lie!

I wonder how much the sp will drop today on the issue of the latest RNS. No figures on how much commission is paid to Reach as advisors and I wonder also how much is shown in the Reach accounts at the end of the year as a privately run company? Easy way for directors to bypass accounts in UK. UJO need to be very, very careful and mindful in the USA. Don't waste shareholders money with all eggs in one basket with Reach!!

We all would like to know what DB's wife does for 12,000 a year? Cut DB's toenails as he is too rotund to reach them himself? Pick up the mail from the letterbox? Go to Greg's to pick up his lunch? Warm his bath before he gets in? Wash and iron his working gear? Answers the phone for him? Anything else....it doesn't bare thinking about!! Corrupt ?

CT, you cannot deny it, Heid is perfectly correct, the sp is dropping and the facts are that it is all due to the pathetic performance of the directors and false promises made by DB to give dividends and continue buybacks but not cancel them, so what is the point!! Very poor as a company Director and he needs to go.

Don't blame Heid for the deflated sp. The company Director's performance in their jobs are the only culprits in this game for influencing the sp. Don't blame the onlookers.

The exciting RNS issued today certainly gave the sp a boost...... downwards!! I wonder what will happen to the sp if it is a dry non commercial well, which is always a 66% possibility? You live and learn CT. Keep praying and drill it again Sam.

You are now losing money!! 7p to sell!!