Member Info for Hydras

Itsaw, WN will only be drilled with the help of a big oiler. I believe there is serious interest from possibly Eqinor/Shell/Ineos/Centrica or a joint venture collaboration to be part of the massive H2 generation development at salt end site which has just received planning approval from the local government and has funding from the national government. A large share of WN will need to be farmed out to fund it so possibly not as good financially as UJO and RBD shareholders expect. It will take time to get the agreement sorted ? Other local gas fields under early development in the area maybe involved in the agreement also. Don't hold your breath!

Looks like DB's surprise will be that RBD has a big oily fish on the line at West Newton to helppay for the development.Catch net is at the ready. Terms will be hard so be prepared!!

DB has, extremely belatedly, now told us verbally(after much prompting) that the drill costs for the work on each UK site has substantially increased and there have severe delays due to the bottomless pit of UK planning requirements to meet; perhaps he will now come clean over the actual water cut being experienced at Wressle and the actual oil produced per day and how rapidly it is falling and the full unedited results from the recent CPR report, not just the nice bits!! Come on DB , as Director you must give the "warts and all" picture to the shareholders, not just "the futures bright". Shareholders have a right to know the good, the bad and the ugly. Not the DB filtered honey coloured bits. No wonder DB and his fellow directors have not bought any shares in the company? Tell the "whole" truth and nothing but the truth Mr DB otherwise your time as a Director will be very short.

I told you about the costs from HEYCO rising substantially and delays, delays and more delays. UJO24 DB Mouthpiece said I was taking rubbish. DB doesn't even know if any of the drills on the UK sites will take place this year now due to excessive costs and no planning. HEYCO strategy strikes again but I did tell you!! 15p here we come?

Reported as tanking!! Get out while the going is good?

It is incumbent on the management of the company to inform the shareholders when changes such as you have listed occur and what effect these changes will have on the company's performance. DB needs to remind himself of this fact if he wants to keep working as a director of a listed company. The shareholders hear very little of the negative changes just the things that sound good at the time. DB needs to be educated on a director's responsibility to give notification to shareholders of bad news as well as only the "future is bright news"

That was all supposed to certainly (not likely) happen last year? It is all talk still.

Why don't they issue a plan for each site with dates?

Easy meat !!

Is that the Royal "we" you are referring to then? DB and yourself?

You silly person. You give your role away by this statement

We have a well being drilled in the next months or so which will add considerable revenue if successful

You know it's true Proxy man!!

It is actually happening in plain sight. Get real and admit it. You are doing a very poor job for DB. You should believe in what you see happening in real time. You should not deny the facts of what every shareholder is experiencing in both EOG and UJO. You are in denial, but I can't see the reason why, other than you are a DB mouthpiece. Look at the actual evidence that's staring at you.

It will be about 20% above what the sp is, at the time things are sorted out with the desperate Directors (nice payouts foreach), and the worn down and utterly fed up shareholders , due to the sp not moving or dropping relentlessly by HEYCO delay, disruptive and distract tactics. Easy meat!!

Treasures. As you are well aware it is ifs, buts and maybes all the time. Nothing concrete or sure as it is all chasing expensive rainbows around the world with shareholders money. Nothing on Wressle performance as rumours suggest water cut is increasingly rapidly and no approved plans in place to drill the other wells, all talk. Doubt if Wressle will be drilled this year now. What a let down HEYCO are, trying to manipulate the sp of EOG and UJO so they can buy them on the cheap. Typical USA style company tactics.

History of other small oil companies doing exactly the same is not good at all. The directors throwing more and more money, garnered from the shareholders via massive rights issues, at the risky exploits didn't work either and they ended up in bankruptcy. Both the PRIVATE companies Reach (UJO partner in USA) and Antler Global (EOG partner in EG) will do very well out of their selling of these extremely risky assets that no other companies with many years of experience behind them in these areas would touch. It is easy to spend money on these risky adventures when it isn't your own. Has anyone considered the overall full life costs, including decide commissioning. They need to be extremely cautious in what they are getting involved in.

Itsawrap. You are perfectly correct in your assessment of Egdon now taken over by HEYCO. My belief is that HEYCO provide confidential information about development progress on each site to both EOG and UJO but it is severely censored and redacted and it is only the "good news" or palatable news that is transferred to the shareholders via RNS's with caveats such as - possible, likely, may, provisional, and reading between the lines it is just more of the "over the rainbow" wishful speak we get told every year about HEYCO's plans for each site. HEYCO have never met a planned date yet and you can at least treble the timescales to complete any of their projects and some planned dates just dissappear and fall away each year, like Ked and Bisc. It is truly a shambles and I can fully understand why DB and WH are scrabbling around the world for extremly risky and relatively expensive tit-bits that have been left behind by the big boys! What a way to run a business?

It is likely that the operational costs, since the takeover of Egdon by HEYCO, have been increased excessively and there are some objections by the JV partners. This will no doubt be highlighted in the 2023 EOY results by the partners? American companies insist on making a profit on their operations!! The JV partner dynamics have changed since Egdon became HEYCO. Easy meat?

Miln, you are right to be unconvinced by DB Proxy person and others, of both UJO and EOG being held to ransom by their JV partner. The formal denials of the ensuing conspiracy theory are defening? UJO directors not interested in buying shares at this level 17p ? Something is definitely going on behind the scenes but the talking continues.

UJO2024 alias DB response - me thinks you complain too much!! You need your head read if you don't accept that HEYCO are extremely pedestrian in their performance at Wressle, Kedington and Biscarthorpe for absolutely no apparent reason or cause other than to Delay, Disrupt and Distract the financial performance of UJO and EOG and there isn't anything the Directors can do other than scrabble around the world looking for projects that others have rejected as too risky and would only be developed by companies with plenty of other people's money to splurge and waste. DB won't even invest in UJO at 17.3p? That says it all doesn't it? Undoubtably indefensible, but DB will try by proxy person. No skin in the game at all. No loyalty to shareholders (the real owners), just keeps taking the fat, over inflated salary and expenses. He is even scared to face the sh public now. Happy Director Days!! Nothing for the real owners, the loyal shareholders?

If anyone hasn't seen through the guise by now you are certainly missing the trick. The calm and smooth push back in response (even if the response is totally incorrect and misleading, particularly about planned dates provided by UJO) to almost all of the true and real negative comments made on this BB about the UJO management current performance, communication with shareholders or the direction of its new investments and the ineffectual and pitiful control of HEYCO's pace of work and its extremely poor forward planning work at Wressle, Keddington and Biscarthorpe, certainly gives away the identity that it is a direct DB mouthpiece by Proxy . The UJO2024 proxy responses and unreal positive comments defending the UJO Directors are therefore obviously worthless and meaningless in the context given, as they are only to protect and attempt to prolong the directors jobs and fat salaries and trips abroad on the back of the shareholders money from Wressle!! Happy Director Days!! Nothing for shareholders?

HEYCO are still proving to be masters of the now discernable Delay, Disrupt and Distract tactics for the delivery of the planned work at Wressle, Kedington and Biscarthorpe. Nothing at all can be done about it as HEYCO are in full control of site operations and management of the work. What better position could you be in if you want to drive the sp down of both UJO and EOG, and it is working extremely well? No wonder the directors of UJO and EOG are scratching around the world for for extremely expensive scraps of very minor and risky oil fields which no other oil and gas companies would go anywhere near without a desperate partner with lots of other peoples (shareholders) money to gamble and burn, in order to save their own inflated and unearned salaries and lifestyles?? Easy meat for HEYCO and no denial forthcoming from the culprits, why?

Great deal for Deltic. Should see a steady increase in the sp to at least 40p on the back of this excellent news. Lots more to come from Deltic this year also! A good share to hold with a solid partner in Shell.

Vernet, suddenly realising that HEYCO are in full control of both EOG and UJO's current production performance and future pace of development and there isn't anything the EOG and UJO directors or shareholders can do! Alarming isn't it? Directors of each company are now scrabbling around for other ventures to take some control of the sp's (without success) due to the extremely and possibly deliberate slow pace of the development of Wressle, Kedington and Biscarthorpe. HEYCO in control and could make a low bid to bail out the poor shareholders??