Member Info for itsawrap

Plumper, Wressle revenue in 2022 was $10m plus maybe $300k from Kedd so I'm expecting a profit of about £4m-£5m (excluding the revaluation of shares in UKOG EDR & ELEP), if I'm right, hopefully we will see a significant upward re-rate next week

"You really are a penny short of a pound."

...actually, we are all 76.5p short of a pound, you know, the £1 promised by Christmas 2022 in 20'000 posts

The UJO account has re-tweeted malcy's article highlighting malcy's statement "At 24p, and a market cap of only £26m it is surely an absurd valuation” whilst they are not DBs words clearly DB has endorsed them. Not only has he endorsed them, he has said repeatedly that UJO is undervalued, so where is the lie?

The CEO says the company has an absurd valuation but has not bought shares in years, not even when the sp tanked to 10.5p. DB if you read this, how about putting YOUR money where your mouth is after the closed period is lifted?

I remember Bramhill saying "$8 or $9" during an interview, I guess that's probably $9 or $10 by now

Joyride, this is an extract from Europa's rns of 24th April

The operator of Wressle announced that gross revenues from the field since August 2021 had reached US$35.0 million by late March 2023, representing approximately US$10.5 million net to Europa

Unfortunately not very revealing in one sense, I was hoping to find out more about their ownership of the colle santo option but there appears to be very little substance to LNEnergy's filing history

I never said buy them out. ujo owns 45% of bisc, bramhill bangs on about his 40 years as an oilman so let's lighten Egdon's workload and take over as operator

Well said cricket, Egdon has more than enough to get on with and as tac says it's doubtful DB has much sway over our Jvs. imo it's time for UJO invest in a pedl with another operator, or, become the operator for Bisc should we win the appeal. Leave Kedd to Egdon, bring in some additional expertise and expedite Bisc, the market wants more than a one-trick-pony

Apologies heid, you are right, buy-backs can continue as it appears they have yet to schedule the AGM

That's not entirely true, further buy-backs require an AGM Resolution to be passed

Wressle revenue $11.25m to date for Europa

Fyi - at the end of April last year Egdon stated "current production of 760-800bpd"

It's a valid question - $1m revenue since 24/03 (about £800k) plus the sale proceeds from the Royalty less £60k for buybacks & expenses and the bank balance is the same? that's a lot of capex

Https://find-and-update.company-information.service.gov.uk/company/13650179

the filing history makes interesting reading

No doubt her go-to emoji will be the sun shining out of DB's backside

..but who wanted the NDA, the buyer or Bramhill? we simply dont know

The good news is that they have only spent the equivalent of about 4 months salary for the 2 CEOs (tic)

geseppe this is what you posted a couple of weeks ago "Only Declared if over a certain amount/% plus who keeps Tab on them? Bent Brokers/ Toothless FCA ."
so it's ok for you to say brokers are bent, but you take exception when someone suggests it was a paid for article?

‘an above average return on our original investment’ this statement is meaningless unless we know what DB is comparing it to, for example is he comparing it to a deposit account, a typical North Sea Royalty return, the 11% loan rate he charged EDR and EOG, or something else? I would put money on DB having been economical with the truth! Remember, he did say it would "repay itself within one year".