Member Info for isdeer

Boris will always put Boris first.

People really do need to understand where money comes from.
The BOE created billions to pay for the pandemic, it doesn’t come from taxes, the govt requested the money and they got it, what it does is devalue all the rest of the pounds in circulation.
All this crap about raising taxes, if they need it, they just print it.
The UK is trillions in debt, it will continue to rise and they will never pay it off, whose going to make them?.
Repayment of Money at government level is all an illusion to keep the masses in check

Is Zero, hence the sp, anyone saying this share is being pumped with all its assets and cash in hand is talking nonsense. The potential for WN is still huge despite all the naysayers and doom mongers.
Wressle is way beyond what anyone expected, yet UJO still languishes at this lowly price.
I fully expect it to rise accordingly as the positive news flow continues. It’s a strong buy at this price.

Do we know if Broughton north is a continuation of the *****tone Flags reservoir at wressle.

Emerald,
The higher the api the more it’s worth, wressle is between 39-40 gravity, Brent is about 38.

It’s very good news, however I’m happy to stick with 1000 bopd and a longer consistent cash flow, it would ensure the longevity of the current well and factor in any improved future oil prices, that’s if the analysts expectations are met. It also allows more time to plan and develop wressles other reservoirs and maximise their output as the price for oil continues to rise.

For every £1m spent by UJO, on WN, RBD and its associates spend £4M
UJO earn £1m every few months from current assets, with the price of energy rising it diminishes any requirement for a placing.

Persimmon
Why would UJO need another placing, given current income stream, repayment from Egdon and recent placing.
As for WN, UJO only have to pay 1/5th of the costs, why would they need to raise further capital.
While RBD I suspect most definitely will.

If no award or small award, why delay the inevitable and the ongoing costs.
If substantial award, look for loop holes in the law and delay as long as legally possible.

Watched a film last night “shot caller”, I would highly recommend.
In one scene they were doing burpees, tried them this morning, gasping for air after 10.
I used to run regularly, doing this for 5mins is harder than running for 30.

I have shares in all 4, let’s see how this pans out.

So they say, the only share down is UJO, with RBD,EOG,EDR, either up or level.
With UJO the only one cash rich at the moment, it’s a funny old game.

Try looking at RNS’s for UJO.

UJO have highlighted Biscathorpe within their placing RNS, seems they want to push on with side-track, all good for holders here, costs circa 500k, with UJO paying 45% of that.
I don’t think a placing is required here if Egdon is picking up $300k a month from wressle

Persi,
They were tight on cash, this 3m gives them space on several fronts. Maybe give it a month or so before talking about another placing. Looking at RBD where price is rising before they place, I’m assuming they have one in mind, their brokers seem to be making a better fist of it.

Good come back royoboy.

Royoboy,
When the trains were handed out, you were given a car.

I note RBD price rising, they must have another WN we don’t know about along with plenty cash and a 100k a week in oil.

Sold off some other shares and topped up here, brings my average down a little, but still well underwater, circa 22.5 was a good price.
Hopefully we see some gains here in the coming weeks and months, Bisc sidetrack and some good news on WN would be most welcome.

This is from 2020 annual report, there is no reference to an additional 1.04m payment to Humber.

In June 2020, the Company acquired a further 12.5% interest from Humber Oil & Gas Limited (“Humber”) in PEDLs 180 and 182 containing the Wressle development project for an initial cash consideration of £500,000 with a deferred cash consideration element of £1,040,000 payable to Calmar LP, appointees of Celtique Energie Petroleum Limited (the original vendors in the acquisition by Humber) on commercial oil production being established. Following this transaction the Company
now holds a 40% interest in PEDLs 180

Oblige me with a cut and paste of this 1.04m payment to Humber.