Member Info for isdeer

must be these new well tests techniques where rbd have found oil in their part of the well or UJO sp is being forced down so the ii's can make mega profits, its all down to timing now and when to buy as it will bounce higher than a kangaroo on a trampolene.

Shake out the weak holders and the ii's will soon arrive to pick up cheap shares. Its like 400m over hurdles and not a 50m dash.

This share is as bad as ive seen regarding traders, there are loads on here, easy for most to read even though some are very subtle. Just wait till they buy back in and their positivety returns, see if you can you spot them.

Some being mugged out their shares right enough, just so others can buy in more cheaply, what happens in this cycle is someone or a group sell, they talk down the share and others join the group as they also sell, so now we have a whole raft of people in the group berating the share and talking it down so they can buy in cheaper and then recycle again on news.
All the while the true investor sits back and buys on the dips, CO is different in this sense he doesnt talk the share down, he has sold a fair portion and now has a free carry, he has no need to talk the share down he wants it to rise which unfortunately has some on here giving him grief because they are either jealous or see an opportunity to cause doubt and uncertainty and therefore cause people to sell to protect their investment, all the while they look to buy in.
The traders dont talk down a bad share, its good shares, those shares that have fantastic value, much like UJO that are attacked by traders. You can either join them and sell and hope to buy in cheaper or sit back watch and top up on the dips. Gl to all the LTH's here, you dont need it though, this share is as good an investment as it gets.

We dont know about Biscathorpe yet as further testing is required. I'm a holder but the 4m some are quoting for UJO's 27% of the Wressle license is nonsense when they are quoting 500 - 700bopd. Our percentage equates to c50k to 70k barrels per year, much closer to 2m a year IMO. Obviously if they buy out the partners we are talking good numbers and with another well for example who knows.

olderandwiser,
It just goes to show if that turns out to be the case how much more valuable the license area we have is when its on land and economically more viable and profitable for its partners, I guess there will also be some demarcation line where drilling is currently prohibited between land and sea. Ive no doubt the partners are looking into this as i write, either that or the world's longest side track into the north sea.

That RNS was so bloody good, it was exceptional, holders here are in for massive gains, im looking for a downside or a negative and i cant find any, we are fully funded for this revised drill test and cpr. Reading between the lines there is zero water as they move to a 2 stage separator, the oil zone has been measured at over 30m porosity from approx 45m oil column, this is not only significant its a major oil discovery on land and close to current infrastructure, a lot cheaper to extract and bigger profits for the owners. If we value just this license area at a billion, UJO's holding is worth 166.6 million pounds or 4.5 times current mcap with a share price of 1.35p, the majors will certainly be circling after the revised cpr, who knows what they may offer for this lucrative license area with each trying to better the other i can see a great deal being done for UJO holders.
im holding, topping up and waiting on the offer.

whats risky about it, ujo have nearly 17% of one of the largest oil and gas fields ever to be found on mainland uk with a mcap of less than 40m and all very close to current infrastructure, its a buy buy and keep buying stock at these levels and dont let the doubters tell you different, we only need to cross the t's and dot the i's, patience is required, so fill your boots at these levels.

Ive read the rns again. you are nearly correct.
If were being factual the test was temporarily suspended per the rns, not now suspended.

on 6th Aug they said 6 - 8 weeks, so not 2 months.

This is none of them, so dont try to bracket them together, its onshore uk and huge.

For those just reading up, think before you post absolute nonsense regarding UJO. This isnt UKOG or a Lenigas run company.

Every man and his dog should be aware of this, even if the do limited research they will know the current sp is very cheap, if only i had more cash to invest it would be here.

My only worry is a major may take UJO out with a decent offer, way below its full potential.

1.38p for me thanks

Not what we were all hoping for.

Any suggestions to why they have not taken up the full amount requested for a larger % in the company given they are cash rich as mentioned in the RNS. I always hate it when they refer to past figures which are not a true reflection on current cash situation given recent fund raise and current projects costs, so why mention them.

maths wasnt your best subject at school was it.

Cant recall ever seeing this on any share, anyone? big buyer needing shares?

Jack,
Just because UJO have a large holder or lots of PI's doesnt diminish the value of their WN asset.
We are all fully aware of the different projects they have, however the only show in town at the moment is WN.
Before WN gained traction RBD's mcap was double that of UJO, 20m to 10m. Anyone see the flaw in the RBD bagger argument given UJO have 2/3rds of the WN comparable asset.