Member Info for isdeer

I3e is mainly gas, we know demand changes with the seasons, how much does it vary during a recession when we have to account for as an example population growth, new homes etc on one hand and industrial contraction on the other. What are the bigger issues for gas v petrol, who loses less during a recession.

Punt on EOG looks like Its woken up a bit today, closing in on Serenity spud.

https://total-market-solutions.com/2022/08/union-jack-oil-plc-3/

Some info on wressle in regard to partners, where EOG holds 30%, it allows for some optimism for those taking a small punt on EOG even in a worst case scenario for serenity.

Stas,
I’m not saying sell I3e to buy into EOG, I’m saying it’s worth a punt to turn 1k into 5k or more with a small downside of £250.
You are correct, EOG will have to raise cash if they want the full benefit, they do have options however, they could sell outright, sell with a royalty or part sell to a large producer, who knows I3e may do the same, both could sell the 100% if the price is right, let’s hope that option is open when the result of the drill is published.

Stas,

Maybe they will, however imo this is only short term, they have partners like EDR who are roughly same mcap, and same % of wressle, they don’t have a serenity to drill and they have less cash than EOG, as they had to borrow 1m with interest from UJO, they paid it back with cash from wressle. EOG also have some other valuable imo exploration assets in Ireland and Morocco. Currently 23m mcap with wressle providing c£7m a year cash and lots of upside on that figure, it may drop 50% at worst short term, it will settle and return 25% it’s certainly worth the risk at todays price and mcap when you could get 5 x your money and more.
Imo the sp will also increase as we build up to spud, not like the old days though but it could happen if the market has confidence in serenity and news flow is positive, there is also the slight chance that buying now will give you the option to sell and make money and not risk waiting for the drill results or sell down some shares before the results are published.
It’s a risk but imo that’s what we do when we buy shares, we all want to land the big one, EOG could be it.

Also to add in the fact EOG isn’t really going to drop much from current price given it has c£5m in cash and its currently picking up over £500k every month from wressle oil sales.
UJO has 40%, EOG and EDR with 30% each, the partners are also looking at gas extraction from field and expanding operations, it seems to be a good earner over the longer term, buying now and not delaying would be an option given it may rise into the drill and even if it all goes wrong I can’t see it dropping much below current price, basically we have a free shot at a 5 to 25 bagger in EOG imo.

Thanks Tony.

I was just wildly fantasising that if all goes really really well and say 400m proven barrels.
100m to EOG x say $5 in the ground value equates to $500m with a mcap circa £20m.
That’s a near 25 bagger. We can all dream.
300m to I3e would equate to $1.5b
We are in dreamland if serenity is as good as we all hope.
wouldn’t that be beyond all our wildest

Tony,

I read it, I don’t understand the concept, can you explain how you derive the £4.34 number for EOG.
In the mean time I just bought more EOG after it dropped slightly today.

I think you need to recalculate EOG.
map circa 20m and price is in pennies 2.4p not pounds

Just shut the f up then, invest or don’t invest, just stop with this incessant nonsense, why would you decry a company you’ve extracted a good wedge from, it’s crazy.
Great 30- 40p, that’s a fair range, many have sold at 30p on a couple of occasions, I’ve no issues with that after the absolute shambles of the placings.
Let’s see what they have before we make those judgements on Heidi’s £1. It’s not impossible, it’s highly unlikely. A few things would need to come together for that to happen, I won’t knock it because I like many have sold at the wrong time, SQZ for example was a downer for me, bought and sold around 10p a few days before it went to 90p, it’s now over £3.00 and that’s not the worst, it swings and roundabouts as they say.
GL with your investment here, I’m also invested in I3e and PTAL.

Because I bought some on Friday for 21p, either that or more people are now aware how undervalued UJO is.

Some big buys coming in, while some dumb ass sits on the sidelines moaning its not fair.

Translator,

Lots of shares are down 50% over 8 years it’s had its up and downs like all oil companies.

What we have here is a disgruntled ex investor, he’s lost a few quid here, now he’s totally gone off on one as he sold down just as the sp is improving, along with UJO’s long term prospects.
Yet another jealous loser who’s stuck in a rut and blames everyone but himself for his poor judgement.

We are now left with this old dog and his bone, he just can’t put it down.

Why is there so much moaning on the board, it’s been stuck in this price range for a while, many have offloaded, they are waiting in the background to buy back in, I think it’s held up quite well.
Just relax, the money will be flowing in here over the next few weeks, the issue just now is there are many gas and oil companies performing well, people want to max rewards, it’s a fine line, people want to get in at the bottom before the drill, they also don’t want their cash gathering dust. Just be patient is my advice.

RNStranslater

Can you have a go at Translating this into one of your obfuscated tweets.

· Landmark US$8,000,000 revenues generated to Union Jack since re-commencement of production on 19 August 2021

· Well continues to produce under natural flow with zero water cut

· Union Jack continues to be cash flow positive covering all G&A, OPEX and contracted or planned CAPEX costs, including any drilling activities for at least the next 12 months

· At 24 July 2022, cash balances and short term receivables stood at over £9,150,000

· Union Jack confirms a maiden profit to be posted for the unaudited half year period ended 30 June 2022

· To date, due to Union Jack's current capital expenditure programme, the recently introduced Energy Profits Levy of 25% is not expected to be material to the Company

· Debt free

RNStranslater,

Wressle partners pay 70% of the costs,? Is that because they own 70% of the asset and receive 70% of the profit.

It was nearly a year after the loan to EDR, not shortly after.

Stop spewing out nonsense.

JustBe,
Looks like we were both right for now, UJO just shading it for my portfolio in ding dong battle with I3e on sp % rise.

Leaked anything from a company is bad news, be it placings or anything else when they have a material effect on a company. On Friday the SP was under 21p to buy.
What’s happened since, what caused the rise apart from a couple of RNS’s that obviously were not leaked as people were selling down all week.

Stas,
I wish I had that headache to solve. I’m guessing you do as you have just suggested.
maybe diversify some of your wealth into property and land.

Just to answer my own question, it’s a win for them whatever, they are currently tracking EDR price and must have cIrca 4-5m cash via Wressle sales, their sp will drop in a worst case scenario, but not that much imo. If the drill is successful this £20m company could be a great buy at current levels. For info I bought them around 1.4p and sold a fair whack to buy in here at circa 20p, I will soon have a decision to make.