Member Info for isdeer

That pathetic Deltic board have just cost me 1k this morning because of their stupidity, do they not think before making such ill advised responses.

Austin, I have who ever it was on filter

It’s circa £3m a drill for WN, UJO are paying only c16% of this. What’s the issue with their funding as they have over £5m in the bank. You really need to look elsewhere.
This buying then selling and deramping then buying then selling etc cycle will catch you out.

its small but its all in the UK, big tick.

Circa 140 bopd for rbd is the answer from the latest rns on Cali

Wressle tested at 710 uk barrels of oil per day.
Ujo owns 40% of that production.
Initial flow rate to be set at 500bopd.

Rbd have 50% of Cali, what were the latest numbers for production over 6 months?

My understanding is EOG currently produce 110 bopd,
When wrestle with initial 500 bopd starts production this will add a further 150 bopd.
260 bopd Onshore UK and with some fine assets and licenses and only 5m mcap.
Must be worth 2p at least.

The drills will cost rbd x 3 anything ujo are paying.
Rbd I expect will be looking to sell a % of their WN asset once proved up or they will have to go back to the market for a top up.
The current mcap doesn’t fully reflect they will be cash rich and also look to retain a % or maybe a production royalty from the buyer.
I’m holding for now as I have every confidence in WN delivering.
Gl holders

Humber agreed to lockup 66% of the 350m shares for 3 months, followed by a further 3 months of orderly market restriction.
It means on approval from oga they can sell 34%, or forward sell as they are doing now Imo.

Rubey,
My thoughts were the same, somone may come in and take the lot.

66% are locked up.

Rubey, try reading it again, they can sell a large number immediately, as for OGA does it matter its a stick on for approval.
Lang was a big holder and also a director of UJO he sold into the rise after the initial WN discovery, as the theory then was Humber needed his cash for their part in paying for future WN drills

No it’s not, the market is saying I’m not buying until Lang has sold his 350m shares

The issue is clearly the 350m shares that have to be sold down that’s causing the stall in share price , they need to be cleared, that’s why we don’t have any big buyers out there, they are waiting for Humber to sell, the same happened at UJO when Lang sold all his shares when he left the board he was selling into the rise.

Patience young reabolders it will rise like a Phoenix, incoming news will soon shake this out its malaise.

Chris oil sold down all his ujo shares many months ago, he then bought into rbd at 0.90, I have no idea if he has kept them or sold them.

It was as they had to buy in as part of the agreement, that’s no longer the case now unless someone can tell me different.

Yes, recently and I don’t have a clue why

Have you adjusted according to % interest, i make it ujo pay less than 17% of the costs for WN.

We are small fry, wait till the big boys come in, this is certainly on their radar as potential here is frightening, my advice is grab as many as you can afford and hold tight, don’t put in a stop loss as you know what happened recently when a holder was taken out on a mm induced drop.
Does anyone want to own up and say it was their shares?
When this goes it will explode imo, I think we have our bottom until news.