Member Info for itsawrap

Q1 av. 529 bpd

Q2 av. 392 bpd

Q3 av. 381 bpd

Q4 av. 320 bpd - so far

Https://unionjackoil.com/wp-content/uploads/2022/09/UJO-Reserve-Report-Final.pdf

some perspective:

- the GC report predicted about 270 bpd from the Ashover Grit for 2024

- Wressle has averaged 413 bpd over 11 months

Great news from Wressle (but very odd as Europa video from early December clearly states 250bpd)

Sep 370.8

Oct 309.8

Nov 329.6

Great news from Wressle (but very odd as Europa video from early December clearly states 250bpd)

Sep 370.8

Oct 309.8

Nov 329.6

Serif, here's my post from the ujo bb

Heid you appear to have extrapolated 415 from 124 based on 124 being 30%, however the 124 bpd also includes west firsby and crosby. (the nsta data for oct shows 310 wressle, 23.8 firsby and 8.7 crosby)

it's a bit confusing as it does suggest wressle is producing circa 300bpd assuming crosby and firsby are relatively constant yet the video clearly says 250bpd. the nsta data for november will be out tomorrow, if the 250bpd is correct the nov rate should be somewhere between 310 and 250, say 280 bpd...all imo of course

It's good to see make a £5k top up but a £50k top up would have shown serious confidence especially at this low sp

Yes very basic but totally unnecessary, every trade has a buy/sell flag which could/should be used but strangely they dont

Pboo I dont know about December but my guess is Nov circa 280 bpd based on 310 for October and the 250 bpd throw-a-way comment in Europa's early December video - we will find out tomorrow

15.01.24 RNS - "Going forward, future production and revenue updates from Wressle will be reported on a quarterly basis."

Heid you appear to have extrapolated 415 from 124 based on 124 being 30%, however the 124 bpd also includes west firsby and crosby. (the nsta data for oct shows 310 wressle, 23.8 firsby and 8.7 crosby)

Several million in the bank - enough to pay 2 salaries for a few more years while they craft more and more creative ways of keeping shareholders on the hook...if CS is a bust (we'll know in H1), promises of great riches at WN will allow them to draw salaries until all the cash is gone. The UK is an extremely hostile environment for O&G but some still manage to get rich...just not shareholders

There are very significant legal and financial headwinds - however that wont stop our TWO overpaid CEOs kicking this can down the road for as long as possible. In reality I give WN a very low chance of success - I'm here for Colle Santo as WN is a pipe dream imo

There's nothing we can do about either - but we can vote Bramhill off the board in May/June

I think it would have been better to secure funding from ENI an Italian energy company, rather than Gunvor. Perhaps they tried and failed due to ENI having a better understanding of Italian politics.

Whatever happens in the next 2 months, Frascogna has played our 2 muppets beautifully...win/win for LNenergy

Uggy they probably think they will get a yes or no within the 2 months extension period (which ends on April fool's day) - but they also believed they would have permission by the end of 2023 so their judgement is questionable to say the least

"Expecting the share price to tank now."

why? reabold and LNe Ltd are in a better position today than they were yesterday and it appears that rbd hasn't had to fund a new option (the jury is out on that)

That solves the immediate problem but I'm very surprised that there appears to be no price to pay for the extension, hence no top-up of LNe shares

"LNEnergy may exercise the option at any time until 1 February 2025"

I read that as the option expiring at midnight on Friday. even if a permit is granted tomorrow, I doubt there is time for Gunvor to conduct DD of the terms and transfer the money to LNe, so imo the option is dead...quelle surprise

I expect an RNS in the next few days stating a further investment in LNe Ltd (to buy a new option) circa £15k per share

What a load of gibberish - can someone translate???

What's wrong with criticising the CEOs, surely you cant be happy with their performance or the sp?