Member Info for itsawrap

pay no attention to the fool, shareholders will be laughing all the way to the bank as UJO goes from strength to strength

hi ribeye, tac and me were talking net revenue as per the $1m 'NET' revenue milestones plus EDR has stated production capped circa 800bpd due to emissions, obviously if the gas has reduced (could it?) then they could up oil production

imo ujo is going to be one of the hottest stocks on AIM in the coming weeks/months - Wressle R&R Report, Divi/buyback, WN CPR, Wressle gas to grid, Bisc appeal, Kedd sidetrack(?) - what's not to like!

I cant get to your numbers tac/rib - Wressle effectively capped at 800bpd due to the emission cap, 320 +20 x 31 x about $95 (net opex) = just over $1m that's $200'000 short of £1m pm

tac believe it or not I agree with most of your post but try not to mislead potential investors, it's $1m not £1m and Biscathorpe is not producing, it's currently without planning permission to proceed

morning Dear, what did I say that's not true?

justbe I recall DB saying during an interview that he would keep shareholders informed, he hasn't. of course now tac will say we are obsessed with the past etc etc as it doesnt tally with the corporate line he's (obsessively?) spouting all day, every day. In fact isnt it funny that heid's posts have decreased hugely while tac's posts have increased hugely, was heid sacked as chief ramper?

tac, I did exactly that a month ago and got NO response

We simple simply dont know that it was "done" ie completed. It would be very easy for DB to state via twitter, something like "the investigation is complete and the findings have been sent to the FCA, no further comment will be made"

Last year EDR said they were implementing gas2wire at Wressle, in fact back in Oct/Nov DB said he hoped it would be up and running by year-end. This year that plan was quietly cancelled and replaced with a plan for gas2grid by this winter.
I'm curious, if gas2wire was in place, would that allow EDR to increase production or does gas2wire generate the same quantity of emissions as flaring? thx.

Anyone? tac? Heid?

RNS 21.09.21
· In excess of 950 barrels of oil equivalent per day achieved
· Leading energy consultancy, Gaffney Cline & Associates ("GaffneyCline") commissioned by Union Jack to prepare an updated Competent Persons Report

RNS - today
Since Gaffney Cline commenced their report, oil production at Wressle has increased by circa 45% and, accordingly their report is being updated to reflect these new positive developments and is now using a reference date of 30 June 2022.

so, since 21.09.21 when UJO said 950bpd, production has increased by 45% - smoke & mirrors? Have I misunderstood? Can anyone explain this? thx.

tac just because you repeat yourself 10 times a day, it doesnt make it any more or any less likely to happen, it just clogs up the bb and more and more people assume you are a UJO mouthpiece trying to ramp the stock, less is more :)

scrutinising management and the appalling sp performance is every shareholders right, why should anyone have to prove to you that they are a shareholder?

Hi cloves, any opinions about divis and/or buybacks are just guesses at this point, I doubt any of us know what DB is thinking. my guess is we are at least 2 or 3 months away from court permission so DB probably wont make a decision until he has that permission. He will then consider his cash position, JV commitments, Wressle income and last but not least the sp before any announcement. One other variable might be the government's position on the windfall tax, it's not clear to me how that may or may not affect UJO.

rnst that's an interesting comparison, EDR has a holder with 46% so I guess that position is underpinning the sp, EOG had a placing so seems to be ok for cash...and then there's ujo. the market seems to be valuing ujo on wressle & cash alone atm, the Wressle CPR never happened and the R&R has been brewing for 4 months so I think it's likely many investors have lost patience with DB, there are plenty of opportunities elsewhere.

this is part of one of my posts on ujo yesterday, 'After 4 years investing in small oilers, I have learnt that RNSs are little more than a wish-list when it comes to a company's plans for the coming year and interviews are opportunities to sugar-coat the RNSs.'

still over valued and very high risk imo, currently just a portfolio of unicorns & rainbows, will UKOG exist in a year or two?

come on manwithplan, spice up the bb, name names :)

apology accepted, thanks tac. as I said we are very much on the same page with regard to UJOs future, who knows, one day I might break-even :)