Member Info for itsawrap

Heid, need a laugh today? Have a look at some of the drivel posted on ujoukus.com over the last few months...

HNY : )

I hope that isn't the new production level as 310 is about $230k pm net to UJO (or about £2.2m pa)

Wressle dropped from 371 bpd in Sept to 310 bpd in Oct

...hopefully just a blip due to down-time

Kawasaki we have to hope that Taylor, Moccasin and Diana deliver, expect a duster or two, so maybe 20 bpd from the 3 wells? No news on Keddington and no guidance as to what the upgrades are or how much to expect post upgrades. The Royalties are shrouded in mystery, just vague comments about a 20% return. Wressle data for October out tomorrow, hopefully in the 360-370 range. More Andrews data in about 2 weeks.

One thing that is absolutely 100% guaranteed is more ramping and misleading RNSs from Bramhill...

Thanks Bramhill, a cracking year for UJO, only 53% down on the 31.12.23 close despite all your bullcrap ramping throughout the year. £398k in 2023...did you take a payrise in 2024?

23 September 2021 - Placing Raising £3 million

23 September 2024 - Since the commencement of the Company's dividend policy and share buy-back programme, over £3,000,000 has been returned to shareholders.

...many of us argued that a placing wasn't required - it's fairly clear that shareholders were right

No need for a brown envelope if he's negotiating with himself : )

Uggy if the option expires, LNe SRL which appears to be owned by Frascogna, will be negotiating with LNe Ltd CEO Frascogna for a new option...that could be an expensive conversation for Ltd

LNEnergy is the manager and owner of a 20% interest in LNEnergy S.R.L. ("LNEnergy SRL"), the Italian company which has applied for the Colle Santo gas field concession (with a 90% interest), and has an option to acquire the remaining 80% interest in LNEnergy SRL on or before 1 February 2025 (the "Option"), with an exercise price of US$11 million.

...option expires 4 weeks this Saturday - it looks as though we need a Christmas miracle

Assuming CS is granted permission, the RBD sp could/should soar in which case I wouldn't be surprised to see a RBD placing to facilitate WN. Alternatively, ENI or Gunvor may make a bid for LNenergy in which case RBD gets a shed load of cash - either way, WN could happen sooner than we expect...

O Taylor, Taylor, wherefore art thou Taylor?

O Moccasin, Moccasin, wherefore art thou Moccasin?

O Diana, Diana, wherefore art thou Diana?

O Keddington, Keddington, wherefore art thou Keddington?

O Bramhill, Bramhill, wherefore art thou Bramhill?

Bramhill said Q4 for Keddington, Taylor, Moccasin and Diana...4 days to go

...his credibility is in the toilet along with all the ramping crap he spouts

Bigging up all our assets but glosses over the fact that the only UK site with permission to drill is Keddington...yet they aren't drilling it. Strangely they even mention NK which is dead & buried. Many of us could write a more informative, accurate and intelligent assessment of UJO's prospects (warts and all).

"Moccasin, Taylor and Diana-1 wells planned to be drilled during Q4 2024"

...with a week to go I think it's safe to assume that Reach uses the same playbook as Edgon!

Mcap is £10.5m (of which about £3.5m cash) with revenue of about $300k pm, seems slightly undervalued atm

...of course if Bramhill gets carried away in the US with little to show for it, cash-burn will accelerate and lurking in the background is the potential for a £5m cash raise for Wressle capex - we all know Bramhill likes to boast "no debt" so a placing is likely if Wressle planning is granted. Hopefully Keddington upgrades will be a big success although our glorious leader hasn't given us any details or guidance as to expectations. Taylor result is anyone's guess. all imo

What's happened to these 3 US drills?

...it very simple, he ALWAYS over-promises and under delivers (never explain, never apologise)

Well that's your pov, imo the market has little faith in RBD's ability to monetise assets. That will change rapidly if colle santo is granted permission, however any jump in the sp will be seen as an opportunity by many to exit. Personally I see CS as a little gem - potentially better for the sp than WN - we should find out fairly soon

"...and the results speak for themselves" ...so true, that's why the sp is in the toilet

Potentially 2 announcements re CS

(followed by a 01.02.25 deadline for LNenergy SRL to exercise the option)

26.09.24 - On the basis of the HoA, LNEnergy and Gunvor intend to negotiate a fully-termed LNG sale and purchase agreement over the next three months.

15.11.24 - The national EIA commission will give its opinion on the project by the end of the year.

I'm convinced that persimmone is oza or williams (or maybe a very close associate). simon's posts have a very different style, I believe him to be a shareholder like the rest of us.