Member Info for ismalia

There are some very knowledge people behind this drill not only in UJO but Egdon. Should they achieve the lower end of the drill expectations does anyone have any thoughts on what the sp could be given the earning potential. I seem to remember DB saying in an interview that revenues could be huge and a company changer. There is a couple of wells already producing with others becoming drill ready. Bring in the interests that Humber have and the future looks interesting.

We may well have a result this coming week followed by West Newton and then the outcome of Wressle. Too many potential positives and I find it difficult to understand why the sp isn't nearer to 0.20p on speculation alone. Once we get the results then we should see the shares trading much higher.

Bunga Mass news tomorrow then!

Transit man - go onto the BRR media site and you will find several interviews with the SSs. They are seeking and finding investments for Reabold and are in bed with UJ at WN.

It's easy to recognise the huge potential here. But I feel that many do not see this as an oil play but rather as an investment company which to be fair it probably is. But is it? The two SSs running the show have a a clear policy of monitising the investments at the appropriate time and re - investing if their policy window is still open. If not then they will fold their tent and return money to shareholders. They do not drill but seek to find those who do and at the moment they seem to be doing a good job and will unlock tremendous sp appreciation over the next twelve months IMO.

We have some large loans from supporting parties and do we know when and if these are to be converted into equity
This will be dilutive but to what extent I wonder.

I am very much looking forward to expected news within the next couple of weeks from Biscatorpe but by all accounts the West Newton prospect could be even better. Very interesting to listen to RBDs SS interview at BRR about the WN prospect where they have an interest and hinting that it could produce one of the largest U.K. Oil finds. No doubt LTH of UJO will be aware of the massive potential for UJ but new investors may be interested.

Recent acquisition looks good and earnings enhancing immediately. Current management subscribed for shares at 9p when relisted making the current sp of 5p look out of step.

Only 200k but would like to add next week. Appart from the debt which I think they can sort things seem to be good. Not too sure if they will issue more stock at this low level but there could be a convertable and perhaps a consolidation. But I like the top management as they appear to be professional and know what they are doing. Also and importantly they have put their hands in their pockets to buy in. I see that the results are due in a couple of months and this should show further progress as far as losses are concerned with the new trading year being profitable.

OK so there is interest at these levels so in I will go.

Can anyone advise please as I am just having a look at PTCM and feel they are somewhat undervalued although I appreciate they have debt. But they also have some strong investor backing. The Directors have bought in at 3p plus and seem to be on the case in brining the company into profit. They are taking on staff and winning work from some very well known businesses. Over the recent months the sp has been going only one way but with a MC of £4m they appear well undervalued. Any thoughts before I take the plunge?

I beleive that the 0.20p mentioned will be left behind within the coming weeks. There is the probable positive outcome of the current drill at Biscathorpe, the outcome at West Newton which could dwarf Bicathorpe and the perhaps positive outcome of the forthcoming council meeting. Then we have the interest being shown in UJO by Humber. So many company makers.

So that will be it - no lights to turn out.

In my book everything is still to happen. Why many on this board expect to hit oil after a few days is beyond me. From history we know there is oil, it is just quantum that we don't know and how viable it is to commercialise. The sp is about where it was when the drill first hit the ground. Plenty talked Bis up before then so what has changed? Nothing. The real value creator will come with West Newton where RBD are very enthusiastic and have a fair chunk. So if you don't believe in Bis but do believe in WN then you should be topping up at 0.13p. DB is worth following IMO.

Thanks - I am just wondering if we factor such days into the time line of reaching TD or if the indicating drilling days are actually drilling days.

Does the drill work over the weekends?

He is probably the only person leading a junior oil company that I feel I can trust to deliver an honest result, like it or not. He says it as it is, tells us that there is always risk and believes passionately in UJO. Will always pick up the phone if you wish to raise a non sensitive issue. As far as Bis is concerned I am hoping it comes good for his benefit as well as other PIs

At least Dan Levi thinks ADL could push to 2p plus, and likes the Colter prospect.

Seems as if the market had a fair bit priced in for Bunga and I cannot beleive that the potential at Colter and Badger is only worth an MC of £2.4m

Certainly gaining a fair bit of interest and still option money.