Member Info for itsawrap

As far as I can see , the RNS does not explicitly say that Rathlin will be paid in Bitcoin, it appears that Rathlin will simply sell power to 360 Energy NS and allow the IFC to use the site. imo it is very carefully worded to give the IMPRESSION that Rathlin will accumulate Bitcoin

Gas-to-bitcoin will never happen, it's pure theatre yet Bramhill is embracing it, he believes "..this proposed concept to produce Bitcoin through mining operations is innovative, offers strong scope for a sustainable return and could lead to the Company introducing a new Bitcoin Treasury strategy, on success." ...wtf is a "Bitcoin Treasury strategy"?

Bramhill says "West Newton is estimated to contain gross recoverable 2C gas resources of almost 200 billion cubic feet, according to an independent assessment undertaken by RPS in 2022."

Does anyone know the current conversion rate for mcf to Bitcoin, every time I google it my PC starts laughing at me...

UJO's 1/6 of WN has cost over £6.5m with not a single barrel of oil to show for it...now it's a gas to Bitcoin opportunity

In 6 months it will probably be a gas-to-BBQ opportunity

If Rathlin is bust RBD can pick up the rest of it for next to nothing. then all being well CS is permitted, LNnergy Ltd can IPO, fill Reabold's coffers and Reabold can progress WN....it's a long shot, but....

It appears that UJO has 40m votes + 6,302,960 votes in the bag.

If that's all they get (unlikely), the Resolution would fail if 15.5m votes are against. I will be voting against

https://unionjackoil.com/wp-content/uploads/2025/08/2025-08-05-UJO-Notice-of-GM-Circular-FINAL.pdf

'The Resolution will be proposed as a Special Resolution, which requires the approval of eligible shareholders holding at least 75 per cent. of the votes cast (whether in person or by proxy) at the General Meeting. '

'The other members of the Board note the Independent Director’s recommendation and also intend to vote in favour of the Resolution in respect of their beneficial holdings amounting in aggregate to 6,302,960 Ordinary Shares, '

It's good to see WH buying in the open market unlike Bramhill & cohorts over at Union Jack Oil who participated in a deep discounted placing which shareholders weren't privy to. plus they are awarding the new shares warrants - shareholders well and truly stitched up

Thx guys

Flombo thx for your post

adnatrob - not a disgruntled seller, I took modest profits a long time ago, just trying to understand how a cash injection for Antler directly enriches Europa. cash-burn is outstripping revenue, how long before we get out the begging bowl again?

Europa has a 42.9% equity interest in Antler which in turn holds an 80% working interest in the EG-08 PSC - today's rns is great news but as I understand it a farm-out directly enriches Antler not Europa and a farm-out doesn't guaranty a dividend to Europa, or does it? Would Antler not need the money for their share of drill costs? So is our best (only?) opportunity for raising cash a placing based on a soaring sp or am I missing something?

Good news but it doesn't solve our cash crisis unless a placing is forthcoming

I would happily have taken $50k worth for the same terms

The RSA payment of $500'000 was confirmed as received on 27/05. We paid them about $27'500 for May followed by similar amounts in June and July. So over $80'000 paid out in just 3 months - what a cracking deal...for them

...good news from Wressle, 313 bpd in May

Jan 273.3, Feb 333.0, Mar 318.4, Apr 298.5, May 312.9

Europa's net revenue was about $145k-$150k depending on opex

Brent averaged about $63 in May so that means the RSA payment was about $27'500

Micky there is some good news albeit 2 months old

- Wressle holding up very well

- Kedd data AGREES with the rns

- Moccasin doing quite well for a stripper

- EA appears to be in favour of WN proppant squeeze

A-1 - Jan zero, Feb 175.94, Mar zero, Apr 176.67, May 161.28

A-2 - Jan zero, Feb 173.60, Mar zero, Apr zero, May zero

Taylor - still no data

...good news from Kedd too.

15.1 bpd in May vs expected 14.5 bpd (see below)

...these statements from 02.07.25 infer that May s/b 450 bls or about 14.5 bpd (data due tomorrow), June s/b 33 bpd

'During June 2025, Keddington produced a total of 992 barrels of oil over 23 days of timed pumped production averaging 10.4 hours per day with an average flow-rate of 43 barrels per day gross during the period. '

"Over 1,450 barrels of high-quality oil have now been produced and sold from Keddington since recommissioning, contributing meaningful additional revenues,..."

...good news from Wressle

Jan 273.3, Feb 333.0, Mar 318.4, Apr 298.5, May 312.9

...the ramping

RNS 19.05.25 - Initial open hole average flow rate was over several test periods and a number of days was recorded at 25.88 barrels of oil per hour, equating to over 600 barrels of oil per day. Moccasin is currently being evaluated and is on test production, producing at a highly constrained rate of circa 80-100 barrels of oil per day, prior to determining the rate for maximum ultimate oil recovery.

...the reality

Feb - 480 bls

Mar - 1625 bls or 52.4 bpd

Apr - 1981 bls or 66.0 bpd

May - 1810 bls or 58.4 bpd

Https://drillordrop.com/2025/07/31/west-newton-fracturing-heading-for-approval/