Member Info for Hydras

All you need to know is that Tang is involved with GCM. That's enough to put anyone off buying the shares. Look what happened to Polo Resources!! Also owners of shares in GCM? You are guaranteed to lose your money if you invest in GCM now!! In the next two or three weeks the share price will gradually fall back to where it was some months ago. Don't buy !!

Not at all. No bid at 20p. Laughable!!

Polo has a large stake in GCM but no statement issued to shareholders? I expect that Polo will appoint new auditors to clear their accounts and register on AIM with all existing shareholders on board. Could be a new beginning for Polo as Hibiscus is doing well and Polo has a large shareholding in it also. Let's see if Tang has the honesty and integrity that Director's should have in that position!!

Jokinku, the market makers are getting rid of a massive "block listing" sale, possibly several million shares and they are selling them over a few months gradually so it doesn't suddenly flood the market and drag the sp down quickly and deeper than it already is. That's why when you see a buy of say 50,000 shares suddenly you get a sale of about the same from the block listing (BL) pot that the market makers are gradually feeding into the sales to get rid of them ASAP at the best price possible for owner of the BL shares. Still a lot to go yet, it seems??

HEYCO are nearly there!! Just another 1.75p drop in the UJO sp to go before the buyout offer is made. It worked with Egdon! Delays, disruption and distraction has worked and DB' s hands are tied so he is desperately splurging the shareholders money in the good old USA, where HEYCO originate from. You couldn't make it up, although I am sure the UJO mouthypiece (CT) will come back with a poor excuse for the sp now dropping relentlessly to 16p? Block listing share sale in full flow this morning to drag it down further. I am sure it hurts, but you were warned?

Tony. What you have said is very true. I would like the management to build a firm base of steady reliable and sustainable income from investing the Wressle cash into already producing oil and gas assets before they start chasing wild and adventurous, over the rainbow type assets that they cannot afford to develop themselves. The EOG management do not seem to be using the the litmus test of asking the question "if it was my own personal money would I invest it in this risky project" . If I asked that question to myself for EG and Ireland and Serenity I would without doubt say NO an they are far, far to expensive for a small company to fund in anyway at all and the big oilers will hang around (as there are plenty of other more lucrative and less risky) projects until the EOG money fizzles out and they dissappear. They must build a very secure and substantial base income stream first on the back of the Wressle cash and not squander it on wild cat Wells as they are doing now. Pick a known field for sale that is producing oil and gas now and is sustainable for 10 years or so and could be developed further with the cash coming in so it is self funding. Get very rich, very quickly, projects are big gambles with shareholders cash that are shown to be not paying off and are becoming stranded non proven assets, that are worthless.

Something suddenly positive with the sp for a change, just at closing time. We could do with some good news?

Europa Director WH shows the Union Jack Directors up by actually buying shares in the company he manages. Let's see if the Directors of UJO put their money where their mouths are and put some meaningful skin in the game!! Don't hold your breath punters!!

To respond to your question about being on here. Some of the people on here are very experienced investors on the aim market, and they are looking for well managed companies that are clearly able to make profits in the near term, with honest directors who have a solid background and tell the truth including the good parts, the bad parts and obviously the ugly parts also. Many company directors obviously only tell investors the good parts, or the parts they want you to hear, so they can keep the sh money coming in and also keep their extremely well paid jobs. Experienced investors know this and want to try and help/warn other, seemingly naive investors like yourself CT, and and also challenge wild ramping merchants, to see the other side of things within these companies. The real, actual, factual, and true or honest side of things is much of the time hidden from view by directors and possibly misleading data is provided to sh with minor caveats that could cause inexperienced investors to think they will make a lot of money, when in actual fact , the opposite will happen. I suppose you could say we are on here to try and give a more balanced view, of some companies, to investors whilst making decisions on our own investments in the AIM market.

Very true Uggy. If past performance is to go by. Would not trust what they say at all. Same story from RBD for the last two years but they sank their money into Italy instead!! Farm in will be needed by a big oiler.

CT - or DBNo2 Mouthpiece ?? I am sure you are dreaming about everything you say on here!! It is certainly not factual or actual or true. Hope investors are not taken in by your dreams. By the sp I am sure they are a lot wiser than you expect. Dream on Laddy!!

Investors need to see more details before committing hard earned cash ? Shareholders quite rightly are questioning why the sp of UJO is falling and my answer is, it is caused by a lack of detailed and firm information on how much cash will be spent and also generated in the next few years by the company. No one knows now for certain, as it seems much of the planned work is now unaffordable, due to Wressle cash generation dwindling rapidly and high company staff costs?

Going, nowhere have we seen the actual cost estimate and project plan for the completion to successful operation for gas to grid? £5 million or £10 million or £20 million??? It would be nice to know for investors. Just spend some time looking at the costs paid by Angus Energy for a similar project (not too far away) and add on the recent 3 years of inflation and the actual timescales involved for getting gas to grid. These projects are not simple or cheap. HEYCO have not any planning permission yet!! 2026 Gas onto grid earliest ??? Let's see the details before investing!!

Well said AIMDOGS.

No serious or interesting discussion any more!! Poor old Wressle, the company maker is going down hill fast and nothing in place to replace the cash flow for EOG and UJO. HEYCO are so slow and absolutely no forward thinking or activity on any of the sites. Dreadful waste of 2 years of time by HEYCO and Reabold when all the current development thats ongoing now should have been oven ready and in place to go now. Absolutely diabolical performance by all concerned at HEYCO I am sorry to say.

CT, yes, certainly DB does, so keep buying lots of those UJO shares (DB doesn't though) on the back of what an old, long in the tooth, "barrow boy" has deemed a good investment, to throw your money at. Forget the 75% chance stated. Every drill for oil or gas, looking at worldwide statistics, has a one in three chance of being commercial . ie will get a worthwhile pay back on money spent to actually bring the oil or gas to market. Fools rush in.......

Need I say more than, tread very carefully and spread your risks!

CT, like I said previously. You have a hell of a lot to learn in the AIM share market, but I bet DB really loves you to bits. Really!

Christine T , you have certainly a hell of a lot to learn, and to lose financially, by the way you are talking about UJO ? Don't hold your breath on any drilling this year for UJO, except for a dusty hole or two in the USA. Don't worry there's always tomorrow for UJO and AIM punters with more money than sense? Carry on Christine (the new UJO DB Mouthpiece ) David will love you lots and lots! Really!

MM's obviously playing games as usual and out to make hay while they can. Best not to buy until the dust settles and the punters see sense, as it actually is a "no real news"day at all. The RNS is confirming what we already know - ie. nothing that Reabold and UJO want to do at WN is at all certain to take place this year , again, for the 3rd year! What a waste of another year and an RNS? The author's of the RNS must think the LT shareholders are stupid to believe WN will be drilled this year with all the problems still to be overcome, including mainly, not having enough funding. These Director's are having a joke at the shareholders expense. I notice even alias UJO24, the DB mouthpiece (UJO lse Cookoo)as flown the nest, or has been sacked, or has lost his patience in defending the indefensible? Can't really blame him/her, as the truth is now clear, we are being fed more and more promotional rubbish from car salesmen type Company Directors.

Still all ifs, buts and maybes. Nothing set in stone. Still short of money for the work and starting it depends on the extra money being found? Can being kicked further down the road for a while while planning goes on and on and on? 3 years in planning now and Still looking at possible options. They are really Still waiting and hoping for the big oiler to come along and buy it out.

C13 only for Xmas!