Member Info for itsawrap

Brent was falling in autumn 2023, perhaps Egdon took the 'wait and see' approach.

09/23 "near term receivables and investments currently standing in-excess of £9,250,000 "

Btw, I would rather Bramhill rolled the dice on a side-track at Kedd than another high-risk low return Oklahoma stripper

With regard to keddington, I have long wondered why our only site with permission to drill has been ignored. I suspect it was down to economics, a combination of a falling oil price and a low volume of recoverable oil versus the cost of a side-track. plus of course Egdon is juggling a lot of balls with over 30 pedl's

Bbb my guess is that they may be waiting for good news to underpin the sp. converting while the sp is low and highly volatile makes profits more uncertain. Wait for the Colorado bounce, then convert based on the pre RNS 10 day vwap for a much more certain profit - just a theory

A £1m buy is a ballsy move considering another 700m shares will hit the market shortly

So many experts on here giving louise and others a hard time over the predicted impact of the CLNs, yet here we are at 0.25p with another £5m to convert

Without restructuring, ujo cannot issue shares below the par value of 5p. I am quite sure DB sleeps just as well as every fat-cat running (ruining?) an AIM company...his addiction to Oklahoma stripper wells shows he is not fit to be CEO imo

Heid, my latest advn post is below. I'm actually quite pessimistic about H2 and 2025 overall, it's hard to see an investment case here, a trading share at best. Is ujo overvalued at £7.5m mcap? I think it is unless Moccasin and Kedd surprise on the upside.

Wressle produced 266 bpd in June, the July data will give us a clue as to H2 production. Assuming 280 bpd for H2 (possibly quite a generous est) and 3 weeks downtime in September, that's about $950k net to UJO in H2 (about £700k). It's easy to see how ujo will report a loss in H2, possibly close to break even for 2025, or maybe even a small loss - it really is time Bramhill started cutting costs

Morning Heid, as I said in my advn post, perhaps we should pay him in Treasury shares rather than cash (tic). I would prefer he took a £150k pa pay cut, he simply isnt worth £325k pa especially with a loss making H2 underway

...none so blind as those who wear rose-tinted glasses

" I have always found him to be honest and a very straightforward kind of a guy. I think he's run the company very well over the years" hilarious!

Https://www.globaleee.com/global-news/-history/swabbing-in-drilling

How about some cost cutting Bramhill?

- no more expensive trips to Oklahoma where you get mugged every time

- take a 50% pay cut

- cancel OTCQB and UJOGF listings

...just waiting for someone to post the AIM classic "it's not a loss unless you sell"

The only surprise here is that the conversion wasn't for £3m or £4m

Feels like another Taylor...

Last year Europa said their 30% share of wressle capex would be about £3.7m which means UJO's 40% could be £5m.

It's hard to see how we can find £5m with the sp on its knees and Bramhill going mad for strippers

A-1 gas - May 4772, Jun 4258, Jul 3713

A-2 gas - May 1536, Jun 1313, Jul 1252

Total - May 6308, Jun 5571, Jul 4965

We all are wondering the same thing - clearly they are having issues. we should know more this week when the Interims are published

Due to changes to the QCA code of conduct https://www.theqca.com/qca-corporate-governance-code/?utm_source=chatgpt.com UJO will have to re-elect Directors annually from next year - assuming I have understood this change correctly, shareholders will get another chance to hold Bramhill accountable in June 2026

That's interesting, maybe not a duster after all?

Mirasol we may have the Interims on Monday - certainly this week - it will be very interesting to see if we get any meaningful updates for the US assets. personally I expect sark to be another dribbler at best due to the long delay, anything more is a bonus. Cash is a tough one - not sure what to expect there. The failed warrants resolution will get a mention but I doubt we will get an explanation as to why it was withdrawn. I expect H1 revenue to be about £1.3m with H1 profit maybe £200k.