Member Info for itsawrap

removing a thread because of one post is daft, it would be better for lse to delete the "offending" post and replace it with the relevant reason, eg. "the rampers dont like it" (tic)

hopefully production has picked up in April/May but the Jan-Mar NSTA data suggests otherwise. I predict the $15m rns a week on Monday, any sooner would mean production is on the up

Apart from WN, UJO has all its eggs in one basket, this has NOT been a great strategy. I would like to see UJO takeover as operator for Biscathorpe (assuming appeal granted), bring in some young talent to expedite developing Bisc while EDR concentrates on Kedd.

where is that pboo? I use the data from the 'PPRS Spatial Dashboard' which reports by month

yes I am aware, but is your statement true? "The problem is RBD has to fund its direct interest"
I am a shareholder in numerous companies but it doesnt mean I have to fund their investments.
Assuming Rbd has spare cash, I guess it has several options, it could participate in a Rathlin placing, lend them money or even buy part of their WN holding. Rathlin has options too.

with the cash they have and they cash due later this year I believe RBD will have no problem meeting their 1/6 commitment, the problem is Rathlin. I suspect Rathlin needs to sell a significant part of their 4/6, they are probably eying UJOs cash pile and salivating, I really hope DB doesnt bite!

Hi eagle, 4 days downtime in December but no downtime in January or February as evidenced by the NSTA gas data. Are you referring to the downtime in December or are you saying there was downtime in March? If you mean March, is that an opinion or can you point me to which company said that? many thx.

..I'm off to specsavers to buy a pair of rose-tinted-glasses

Jan 832.5 bpd zero water
Feb 770.9 bpd zero water
Mar 700 bpd + 70 bpd from C65s (EDR RNS)

Has Egdon explained why production is dropping, is this normal? thx.

Oct - 31.0 bpd
Nov - 15.7 bpd
Dec - 24.6 bpd
Jan - zero
Feb - zero

Jan 832.5 bpd zero water
Feb 770.9 bpd zero water

I think it's likely we will win the Biscathorpe appeal, so perhaps UJO should become the operator for Bisc giving Egdon more time to develop Kedd, etc. It would probably mean UJO would have to bring in more expertise but it would give DB an opportunity to use his "40 years experience in the oil industry"

fyi - DB has indirectly invested in Africa via shares in Elephant Oil - a company that's on it's knees and yet to drill anything after years and years...
with regard to our other assets, it's always this year with EDR & RBD but "this year" never comes.
Perhaps UJO should farm into a prospect with an operator other than EDR & RBD, we may actually get a second revenue stream...oh wait we have a second revenue stream, the best thing since sliced bread 'Royalty' that's been accruing since 2016, what did DB say? payout in Q4 2022 or Q1 2023...oops!

tac, I hope you are right, I hope the sp is "forced to rise" but it's not a given, it depends on our cash-burn. If RBD & EDR pull their fingers out we could see significant capex for Wressle/Penystone, Biscathorpe, Keddington & WN depleting our cash much faster than revenue.
"What a massive step forward in the past 24 months for this AIM oiler." really? the sp drops and drops and drops

'Wressle has surprised everybody with plenty more to come. '

...well it certainly surprised you because you predicted 1400 bpd.

Remind me, what was the reality? oh yes, a very disappointing 770 bpd, less than the average for January pre C65s

https://www.rathlin-energy.co.uk/latest-update/

yes failed twice but if they hadnt tried do you really think the chuckle bros. would have committed to returning £4m to shareholders?

I'm heavily invested in UJO...and I feel as though I'm wasting my life here, I cant wait for a decent exit point

fyi - UJO bought 9.7m UKOG shares at 1.156p - that's £112'500 which is currently worth about £7'500

...another stunning investment brought to you by none other than DB

"buying at 50p is basically risk free as all the bad news is already priced"

if the DHSC takes nova to the cleaners there's 100% downside from 50p imo - I think that's unlikely but "risk free" is nonsense