Member Info for itsawrap

CS looks very unlikely now so RBD's best (only?) project looks like WN. I wonder which company will hit the buffers first, RBD/Rathlin or UJO?

Yup confidence in Bramhill at an all time low - the current trajectory suggests the sp could be 2p/2.5p by Christmas

..don't forget the select few who were privy to upcoming placings and sold before the news was released, I'm sure they filled their boots at the expense of mugs like me

Nice one Bramhill, I can't wait to see what else you can fcuk up

30.09.25 RNS "In addition, today we have announced the intention to purchase shares to settle future employee share scheme for our colleagues, which will avoid further equity dilution from these schemes arising from the issue of approximately 3-4 million shares per annum (approximately 1% of the current shares in issue). "

450k bought so far, I thought the sp would tick up as the buybacks progressed, actually down 3p. Target appears to be 3m to 4m shares so it may not take very long

...the ultimate snake oil salesman

- early July sp 9p mcap £9.5m

- mid july placing raised £2m gross for $3m investment

- today sp 3.15p mcap £4.5m

RBD with their direct and indirect ownership of WN has estimated decommissioning costs of £1.9m, so about £380k for UJO. Our share of ongoing costs was £281k in 2024 which means the JV spent circa £1.7m. If recompletion doesn't go ahead or doesn't work as expected, they really should pull the plug.

'Reabold anticipates re-entering and recompleting an existing West Newton well in Q1 2026 in order to establish sustained gas flow. The gross cost to re-enter and re-complete is expected to be c.£1.4 million (c.£1.2 million net cost for the consolidated Group).'

..a ray of hope for Q1?

Fwiw I have calculated H2 revenue of £1.0m - £1.1m, this assumes Wressle av in Q4 of 260 bpd, Kedd 30 bpd in H2, Moccasin 1200 bls pm, Royalties £10k pm, but zero revenue from the 3 OK drills planned for Q4. So 2025 revenue of £2.3m - £2.4m (2024 £3.93m)

Heid I think Kedd and the Royalties are the assets most likely to be sold, as you say Kedd (maybe £400k?) would finally get sidetracked if Egdon bought it. The Royalties could be a quick sale, maybe £150k-£200k? Unfortunately all this would do is allow Bramhill to keep the lights on a little longer while he takes his huge unjustified salary - all imo of course

Https://drillordrop.com/2025/11/03/europa-and-egdon-seek-6-5m-funding-for-burniston-gas-plans/

Absolutely right Heid, UJO is stuffed unless Bramhill can get a loan facility or sell some assets in the next few months. Cash-burn is clearly outstripping revenue and there are no signs of cost cutting. How he can claim that UJO is profitable is a mystery.

We know that H1 revenue was £1.29m, it's not all doom & gloom as we have several producing assets

Q3 data so far

Wressle - Jul 231 bpd, Aug 295 bpd

Kedd - Jul 35 bpd, Aug 30 bpd

Andrews-1 gas - Jul 3717, Aug 3589

Andrews-2 gas - Jul 1252, Aug 1120

Moccasin - Jul 1455, Aug 1143

Taylor - zero

Royalties - about £10k pm

Some good news from Wressle - production up from 231 bpd in July to 295 bpd in August

Europa confirmed to me that production was offline for 10 days in September for swapping the separator so Sept data will be down by about 1/3

"Production from Wressle-1 was shut-in on 15 September for 10 days to allow for the decommissioning and removal of a rented separator and installation of the new separator purchased earlier in the summer. Reinstatement of production was achieved late on 24th September. The well, after a period of flush production, is performing steadily."

Wressle - Jun 266 bpd, Jul 231 bpd, Aug 295 bpd

Kedd - Jun 33 bpd, Jul 35 bpd, Aug 30 bpd

VL surely egdon will simply wait until UJO defaults on its obligation to pay millions in capex for Penystone and get it for free?

Bramhill's plan is crystal clear

1) milk the company for £325k pa for as long as possible

2) keep misleading shareholders about how successful the assets are despite evidence to the contrary

3) - see 1

3rd time lucky? I think if ujo offered warrants at circa 6p on a 1 for 2 basis for everyone (no favouritism toward the placing shares), the resolution may pass. The danger is if Bramhill has £4m cash in hand for WN & Wressle, he wont be able to resist spending it on more dodgy strippers...the man's a liability

Andrews-1 gas - Jun 4258, Jul 3717, Aug 3589

Andrews-2 gas - Jun 1313, Jul 1252, Aug 1120

Taylor - no data despite Bramhill stating in the Interims

"The Cromwell was perforated and returned oil which has been sold to market."