Member Info for itsawrap

surely they are in a closed period?

Capswag I think £2-£3 is a good bet if nova win, however if the sp does recover to that level I think there will be a rush for the exit. the abysmal communications and the lack of strategy suggests to me that the sp will struggle beyond the win, unless of course a predator pops up

the problem with the internet is one can always find opposing articles - like covid, novacyt has to evolve quickly to thrive

hTTps://www.thetimes.co.uk/article/omicron-could-be-the-last-covid-19-variant-we-have-to-battle-t3927vw9v?shareToken=b962a1320cfcbb3f65732c8afcc03a4d

this is what GC actually wrote:

"A potential future oil production scenario for the Wressle Oilfield is shown in Fig. 2. This assumes that along with continued production from the Ashover Grit and Wingfield Flags, the *****tone Flags reservoir is developed with 2 or 3 additional wells."

it goes on to say - "Fig. 2 shows that the 800 Bopd off-take rate can be maintained for up to 5 years. Note that whilst this is based in part on the recent FDP, this scenario does not necessarily reflect the Operators or Partners plans."

It's crystal clear that the 800 bpd FORECAST includes an as yet undrilled *****tone Flags reservoir (and as yet unplanned). I recommend people read the GC report rather than relying on other people's versions of what was written.

less than £60k in trades and £8m wiped off the mcap, what a joke

tac, what's the point of your endless positivity and countless posts if it's not to bring new investors in? Do you honestly believe that all your "positivity" hasn't led to new investors buying into UJO in the 30's and 40's ?

I have no doubt that you and heid should take some responsibility for a lot of people losing a lot of money in the last 2 weeks

"...remains one of the safest investments in this sector on AIM."

I'm sure all the new investors who were buying between 32p and 52p are delighted to know that UJO is a safe investment

where are all the institutional investors?

...Broadmoor perhaps, that's an institution

less than £100k in trades today and millions wiped off the mcap...wtf?

thanks OO, big numbers, it will be very interesting to compare them to the upcoming CPR

can anyone point me to a previous CPR for WN if there is one? I have found a Rathlin report RNS'ed by Rbd in Nov 2019 "in respect of the estimated in-place oil and gas volumes of the West Newton area" which seems to be the most recent baseline for comparing to the incoming CPR this month. thx.

correct me if I'm wrong but DB did not say £200m, he said "200 million" without stating the currency, it's Proactive's assumption that it's Pounds, logically it's more likely to be Dollars imo

banksman, I'll give it a shot. The sp was at 22p then SC came onboard which took it up to 30p as SC is more highly regarded than SPAngel and the hope was that SC would get some II's interested. We then had the greenlight from the High Court for Capital Reduction, that plus the $9m milestone, the imminent WN CPR, the over-due Wressle Report and near-term C/R announcement put a rocket under the sp as expectation & confidence soared. The Wressle report in particular was expected by many to be a game changer but it seems the expectation was far greater than the delivery (perceived or not), hence the bubble burst. as they say - buy the rumour sell the fact

hTTps://unionjackoil.com/wp-content/uploads/2022/09/Gaffney-Cline-Wressle-Final-Report.pdf

quite a tree shake the last couple of days but imo this means a buyback is much more likely than if the sp had stayed around 50p. I suspect DB is waiting to see what effect the WN CPR has on the sp before making his final decision - not long to wait.

"we know we have 5 years of approx 800 barrels and thats constrained"

tac, I recommend you read the report again, 800bpd for 5 years is based on production from the Wingfield Flags and the Pennystone Flags neither of which is in production nor appears to be even close to being drilled - see page 10

"bile and vitriol" a rarely used phrase these days but recently used by kingalfred & wiltshireman and now used in the first post by ujoinvester...curious :)

hTTps://www.lse.co.uk/rns/UJO/competent-persons-report-j4jvnrl2emd3i8p.html

here's the 2016 Wressle CPR for comparison (pre production figures of course)

tac's Monday post said "I remain confident in this reaching 60p this week "

these overt rampers are dangerous and should be ignored by new investors

dsaf, DB is well known for making time to talk to shareholders so it's very likely bezzer has spoken to him today