Member Info for itsawrap

DB has kindly confirmed that today's receivables number includes the £1m loan to EDR, all you have to do is ask nicely :)

RNST, I think the simple answer is that the 16.12.21 RNS did not include the £1m loan to EDR whereas today's RNS probably does, I have emailed DB asking for clarification

jabez, most of us aren't accountants, perhaps you could answer RNST's questions for the benefit of all of us?

from 16.12.21 www.egdon-resources.com/pre-agm-financial-and-operational-update/
definitely worth reading again as it's a reminder of the great potential for our JV projects this year

thxs mirasol, would it not also allow DB to increase the value of the asset in the balance sheet? (assuming that the CPR shows more recoverable than previously thought)

Heid, do you know why the revised CPR is taking so long (RNS 21.09) and do you know why it was commissioned by UJO and not the operator? thx.

Micky, the last update was 16th Dec., how often do your expect updates! Wressle continues to flow above expectations, equipment upgrades ongoing as at 16.12.21. WN planning submitted for 4 additional wells. Biscathorpe appeal being considered. NK planning extension submitted, open for comments until 28th Jan. Keddington likely to be progressed this year as all permissions in place. UJO has plenty of cash in the bank despite crappy comments by TW. 2021 trading update likely at the end of this month, have I forgotten anything? oh yes, oil revenue other than from Wressle circa $500k in 2021. Dont like your investment? move on.

Mickybee, you spend a lot of time on here whining about the company and your investment, you rarely if ever post anything that adds to the debate or is worthwhile reading. I'm curious, have you addressed any of your issues with DB? (he's very approachable) If so how did he respond? thx.

Winnifrith having another pop at ujo today

Wressle should have generated $2m net by now, I wouldn't be surprised to see an RNS early next week confirming that

Daybreak opened at 4.5c down 25%, currently 6.5c so a strong recovery during the day. Once the deal is complete GR Ltd will own 161m shares, others may disagree but this is beginning to look like a good move

"Further, the Company’s President and Chief Executive Officer, James F. Westmoreland, declined the Company’s offer to convert accrued deferred salary amounts payable to him and totaling $53,125.00 and instead entered into an agreement with the Company to fully forgive this debt owed to him." ...a very healthy vote of confidence by the CEO imo

Daybreak making progress although sp down 25% today, see www.sec.gov/edgar/browse/?CIK=1164256

"On December 15, 2021, Daybreak Oil and Gas, Inc. (OCT PINK:DBRM), a Washington corporation (“Daybreak” or the “Company”), finalized agreements with its directors, executive officers, and other employees with respect to the forgiveness and conversion of related party debts into shares of the Company’s common stock (the “Debt Conversion”) at a conversion rate of $0.45 per share of common stock. Completing this Debt Conversion is a condition to closing the previously disclosed Equity Exchange Agreement dated as of October 20, 2021 entered into by and among the Company, Reabold California LLC, a California limited liability company (“Reabold”), and Gaelic Resources Ltd., a private company incorporated in the Isle of Man and the 100% owner of Reabold (“Gaelic”), pursuant to which Daybreak will acquire Reabold in exchange for issuing 160,964,489 shares of its common stock to Gaelic (the foregoing transaction, the “Equity Exchange”)."

LCC has a planning meeting on the 17th, no agenda as yet, I wonder if NK will be on the list? with regard to progress in 2022, Keddington looks like the most likely candidate, perhaps we will have an update by EDR and/or UJO later this month with the trading updates

planning was refused on 1st Nov., the council's reasons were set out in the report dated 06.12.21 (114 pages), EDR has yet to submit an appeal, best guess sometime in Q1, followed by the appeal decision sometime in H2, just my opinion of course. At best we may see some progress on site in Q4 imho.

I think rbd is worth a punt at this price, hopefully WN planning permission will be forthcoming plus Daybreak's sp seems to be doing well. Assuming dbrm can raise the $2.5m Gaelic gets 161m shares, current sp 5 cents

re-using wells for geothermal energy is a fantastic ambition for EOG and the other parties, I'm not sure why my simple question regarding costs is contentious. Hopefully not mentioning costs means EOG is not contributing during the experimental phase.

I dont have a problem with Heid or anyone else promoting a company I'm invested in and the new twitter account for UJO is quite good but so much nonsense is posted here just to keep herself on the front page...less is more.

noveckingood, here's some Christmas fun for you, Heid recently said she was spending the day in Lincolnshire, then 4 great photos of Wressle appear on twitter - clearly taken from within the site. note the lady shaped shadow of the photographer in the photo of the oil tanks :)

geothermal seems to be quite a complex area, SO said Causeway have proprietary technology so he cant give more details. Hopefully all the costs are being carried by Causeway and EOG can simply reap the financial benefit, if any, in years to come. Does anyone know if EOG is cost sharing or not?