Member Info for isdeer

Neither have two pennies to rub together.

A few more months won’t hurt, material changes have taken place but not fully accounted for, stick with it for now IMO. Plenty upside still to come.

I have more cash invested in EOG than I do in UJO or RBD, I’m as gobsmacked as you, I’m amazed at the lowly price for EOG given 150bopd guaranteed with more to come.

Ujo , Cash balance in excess of £5.7 million at 1 May 2021, not including loan receivables and royalty accruals of over £1 million due during 2021 and 2022Net assets increased by 35% to over £18 million from £13 million in 2019Fully funded for all current development and well testing commitmentsCompany remains debt free.

Cloves, have you made any consideration to cash in hand when focusing entirely on mcap for these company’s.

Wressle Money is rolling back in this year from April, July, October etc plus interest
Union Jack agreed to loan Wressle partner Egdon Resources Ltd (LON:EDR) £1mln over an 18-month term, carrying an interest rate of 11% - payable quarterly, beginning at the earlier of Wressle producing or April 1.

The loan is secured against Egdon’s 25% interest in the Wressle field.

Heid,
RNS was dated 18th May, the community notes date from early March, timeline moved forward.

Heid,
Proppant squeeze to be completed this month per quote from RNS.
"The operation is expected to be completed and optimum oil production achieved during June 2021".

Corrected by BMD it’s a backflush, not wash, anyone know the difference.

See UJO chat board, I detest that twat Jenrick, but not today.

Quack, quack, all the ducks are lining up, brilliant news for both seller and buyer of WN.

Persi, that's nonsense, when UJO only needs a 1m innvestment for every 5m in WN development costs, with 6m in the bank and wressle cash flow to come.
why would they loan out cash and buy into a royalty if they need to raise cash.

UJO will move this month when wressle squeeze complete RNS, with EOG and EDR.
it will also move on anticipation/rumour of WN update later this month, early July, along with RBD.

my answer is what do they need a placing for.
not wn, when they only pay a 5th of the costs.
not wressle, that's now an earner.
not royalty interest, that's a cash generator.
Biscathorpe, that's a side track, so cheap.
maybe an acquisition or a takeover?.

Cash balance in excess of £5.7 million at 1 May 2021, not including loan receivables and royalty accruals of over £1 million due during 2021 and 2022.
Wressle news due this month, squeeze to provide extra 200 bopd to UJO
I figure likelihood of cash raise very slim, while likelihood of malicious intent high.

Both 0.625 on IG.

There cant be many winners here when Bell has spaffed over 20m in shareholders cash
If you like your jam tomorrow, its been in the aim top 3 for years.
My opinion isn’t sell, hold or buy, it’s avoid.

Crazy prices indeed, flew up to 80 on a whim, now down in 60s after a few weeks, then drops again on the back of a decent RNS.
I’m not worried just yet about current price, when figures like 40m are bandied about for a 5th share of WN, I’m happy to hold and buy on potential alone, if the big boys have access to the WN info and can evaluate the information in a positive manner with a huge offer to UJO, I see no reason to disagree with their assessment.

potentially it could be more, so let's not burn your house down just yet, it's looking good with every unfolding layer.

Dan,
That would make any Raithin/Reabold offer in excess of 160m, with 4/5ths of WN, im sitting tight for the big bucks.