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NSTA data for January will be out in a couple of weeks - that plus the disappointing data for December will reveal just how good or bad production is post jet-pump. I suspect a significant difference to the 665bpd average which was stated in an RNS without indicating the time period. Smoke & mirrors? you bet!
Https://www.youtube.com/watch?v=7FYt3YpgoXs
DBs interview from about 3 weeks ago - 12m 4s in he says "$19m revenue from Wressle"...yet $18m RNS'sed on 15th Jan - could wressle have earned $1m in 6 weeks?
Heid I applaud your optimism but having a portfolio of very promising assets isnt getting us anywhere at the moment.
- Kedd was definitely being drilled in H2 but has been kicked into 2024 with no explanation from EDR or Bramhill.
- Bisc won the appeal 4 months ago - but not even a whisper of a project plan or a time-line (or cost)
- Penystone (and 600m pipeline) planning application has missed the latest time-line by 7 weeks without a word
- WN...well, what can one say about WN? simply embarrassing for everyone
- Wressle post jet-pump production is a mystery, NSTA data for Jan out in 2 weeks will give us the transparency Bramhill cant or wont provide
My major gripe is his lack of transparency. Until he starts being open and honest with shareholders, the sp will continue to struggle apart from the odd spike.
Christine, the problem with statements like that is DB is very careful NOT to state the time period, was it a day? was it a week? we dont know. Just look at the RNSs from Dec & Jan, they simply dont tally with the NSTA data for December. There's nothing wrong with being enthusiastic about your investment and UJOs portfolio, but many of us have learnt not to trust DB and to be mindful of what's NOT being said.
This is from the RNS of 15th Jan " Wressle-1 well gross production currently averaging a constrained 665 barrels of oil per day, as the Operator continues to evaluate the reservoir response to increased pump rates"
we will have the NSTA data for Jan in 18 days (April's fools day) - my guess is the av. bpd for Jan will be nowhere near 665bpd
hydras, i share you concerns, this is my advn post from yesterday.
why is the mcap £18m and not £25m or £35m or £45m? my thoughts are this, we have a good cash balance but our key assets are going nowhere at the moment hence the current sp. the move into us drilling and royalties seems to have a lot of potential but until we start earning hard cash and we see the promised "monthly" revenue, the sp will drift.
meanwhile kedd is the project in never-ending planning, on bisc we are clueless, wressle production is possibly worse than we have been led to believe, *****tone planning is just a myth and wn is a bad joke. ...gosh i almost forget bacon (crap atm) and elephant (dead as a dodo) so my conclusion is that ujo is actually fairly valued at the moment in the 15p-20p range