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HEYCO working their magic again this morning. Delay, Disrupt and Distract!! Maybe 15p soon? Does DB, or any of the directors think UJO is worth buying into at this level of sp? Back handers for Directors are possibly easier to hide/get via private American companies ? Wisely putting the UJO cash to good use, eh? Think about it? Let's see how much return UJO really get out of the USA venture and of course the shareholders will get absolutely nothing!! Happy Director Days.

Oh!! What a surprise, HEYCO have missed the planned date for issuing the planning application for Wressle site. Subjectively the most financially important, extremely lucrative and most promising future development that both EOG and UJO have for the near term commercial health of the companies and its stakeholders!! Well it doesn't affect HEYCO much at all, in fact it goes well for their overall strategy. Delay, Disrupt and Distract, so as to freeze value of EOG and UJO. Easy meat ?

It could be HEYCO!! Think about it? They are in full control of Wressle, the goose that lays the golden eggs for EOG and UJO. Both companies are having the same problem with their dismal sp's performance, even on the back of good news ! Why? Manipulation? It will not be reported if they have borrowed millions of shares from other large shareholders in return for fat fees. Eventually, by selling the borrowed shares and keeping the sp depressed, normal shareholders will become fed up and sell at any price and go away, thus continuing the depression and gives them the opportunity to jump in and buy company at knock down price in a year or two of poor performance? Easy meat for them?

DYOR, makes absolutely no difference if HEYCO are in control of operations and end up buying out the company. They are a very rich company and have plenty of cash to splash, to ensure a good deal for them, with little or no risk ! Think it through, win, win!

It is HEYCO , if you haven't worked it out by now Joking ! They obviously have paid out cash to borrow (from a person/company who was given the shares and wants to make money by renting them out) millions of UJO to use over a couple of years or so, to sell when there are other buyers in the market, so as to keep the sp depressed. Makes sense if your aim is to buy the company at a low price. Also, HEYCO are in total control of the pace and have intimate knowledge of the operational flows at the Wressle, Bisc and Ked developments. It could be a fantastic leverage position to be in if you wanted to make a move on UJO at some stage in the next year or so? Their clever strategy could be working nicely? Another year of the HEYCO delays will get the long term shareholder very frustrated but absolutely nothing can be done? EOG and UJO directors will be tearing their hair out this time next year and only too pleased to sell at a knock down price?

Https://www.heraldscotland.com/news/13032463.couple-strike-rich-30m-sale-oil-venture/

Trap oil was taken over in 2018 by Jersey Exploration and Production and the Reach oil and gas original Directors who resigned in 2011 soon after it was bought out for £30 million by Trap oil restarted the Reach oil and gas private company in 2018. I don't think that Jersey Exploration and Production were interested in keeping the name of the company just the rights to the North Sea fields that Trap oil bought from Reach oil and gas in 2011 except for the ones that were relinquished by Trap oil as they were not seen as viable . Seems that the 2011 selling of Reach oil and gas at £30 million was very lucrative for the directors and not that profitable for Trap oil at the time?

HEYCO are not at all interested in meeting these provisional target dates! Another indirect means of strong control over the sp's of UJO and EOG. AIM company directors just sit and spectate as they are absolutely powerless. HEYCO are in control?

HEYCO still working their magic on the share price by doing very little and saying even less on progress. HEYCO a private company know what is going on, in every detail, but the shareholders of UJO and EOG are kept continuously in the dark. Can this be right and acceptable for AIM companies?

Discussing price of UJO sale and his salary and position on the HEYCO BOD. Oh yes! and his sustenance allowance at Greggs. Must keep his figure. Dare not show his face in public now. The future is not bright anymore?

So Milnrow, the sp is not drifting lower day by day? Which planet are you on ? None so blind as those who don't want to see. HEYCO strategy certainly working well. Soon will be able to buy out UJO for 20p per share and LTSH will jump at it. EOG going in a similar direction and buy out could now be around 1p if sh are lucky! WH and DB haven't any control of the pace or performance of operations at Wressle, Biscarthorpe or Kedington but just pay the ever mounting costs of the work, however long HEYCO take! Oh dear, their hands are tied.

Possibly someone who knows the scam that could be being conspired by the EOG directors to wipe £3 million off the balance sheet, in plain sight, this year as a nice back hander? Possibly!

Copper 3. Your comment "I still don't understand the E.G . deal .. why if such a great project the licence holders wanted to involve EOG."

Yes you are correct to question this deal as it smells fishy. EOG directors may be in bed with the licence holders directors. EOG are to pay £3 million for virtually half of the licence holders company. Does that mean a large chunk of the £3million of the EOG shareholders money could circulate back into the EOG directors bank accounts by way of a thank you from the licenceholders ? No one is saying how much the current licence holders paid for the obtaining the licence. Nothing is what it seems

Smoke and mirrors to get £3 million from the EOG shareholders into a private companies hands which the directors are free to use and all seems perfectly legitimate and above board to the outsider and the poor old EOG shareholders. Stinks doesn't it, to high heaven?

I am sure the UJO and EOG stakeholders see HEYCO for what they are! But there's nothing they can do about it, without losing big time financially to HEYCO. Will WH and DB get seats on the board ?

UJO SP drifting lower and lower day by day as the pace of promised developments at Wressle, Kedington and Biscarthorpe, as dictated by HEYCO operations team, gets slower and slower and slower. Any slower development pace and HEYCO will be able to buy UJO for 25p per share and shareholders will only be too keen to jump ship and sell ! HEYCO have UJO by the balls and there's little way out without taking a heavy financial hit. WN is the only show in town for UJO now?

I am sure that DB and his inner team are heavily in negotiations with HEYCO at the present time but cannot agree on price. I suspect the offer is around 30p which many shareholders would be willing, but perhaps reluctant at present, to accept. A few more delays in drilling at Wressle, Ked and Bisc may be needed this year to make the shareholders see sense and accept such a generous offer. Similarly with EOG at around 2p per share later this year when Ireland and Africa turns pear-shaped big style. HEYCO are playing the long game exceptionally well? Full asset ownership of the golden egg, Wressle, for an exceptionally bargain basement price. Worth waiting for in the eyes of HEYCO.

It should be obvious to all EOG and UJO shareholders now that the share price of both companies is being manipulated by HEYCO. The control of the Wressle flow rates and speed of the development at the site is all under the management of HEYCO. The complete lack of development urgency at Ked and Bis and Wressle is all down to HEYCO driving the work so it happens at a snails pace, thus causing sp's of UJO and EOG to sink and become easy pickings for HEYCO to buy at a bargain price. HEYCO are playing a blinder by the indirect manipulation of the AIM registered companies performances, it now has firmly by the balls. Credit to HEYCO where it is due and when will the shareholders learn they, and the EOG and UJO Management, are in a no win situation ??

Heyco still having success in driving the SP's of UJO and EOG down before the cherry picking starts! All quiet on the western front? Dave cannot see the wood for the trees. Sinking fast I'm sorry to say. He still thinks the future is bright!

Yes, the question has to be asked!! Is WN all it is cracked up to be. Look at the Angus problems at Saltfleetby? If it was that good it would have been drilled last year without doubt.

The directors of EOG and UJO have very close friends within Egdon, I understand, so word gets around if there is money to be made!!