Member Info for itsawrap

Kim-clay on advn says the $20m is as at 30.06.24 (10.07 rns), this starts to make sense if revenue was circa $2m over 5 months - however the timing of the $1m RNSs has been very misleading

30.06.24 (10.07.24 RNS) - revenues exceeding US$20,000,000

23.09.24 RNS - in excess of US$20,000,000

29.10.24 RNS - revenues of over US$21,000,000

26.11.24 RNS - revenues of over US$22,000,000

Jan 609, Feb 468, Mar 511, Apr 436, May 383, Jun 356, Jul 390, Aug 382, Sep 371

...can anyone translate this gibberish for me?

2023 Bramhill £398,333

2023 O'Farrell £177'500

31.12.22 - sp 27.2p

31.12.23 - sp 19.75p

03.12.24 - sp 10.5p

An apology...what's that old saying? never apologise, never explain...

Morning Heid, as you can see, nothing has changed, endless RNSs giving us unrealistic timelines...3 drills in Q4 was never going to happen - just Reach duping Bramhill as Egdon/Reabold/Rathlin have done for years...he laps it up and regurgitates it in RNSs

Yup £398k in 2023, I wonder if he got a pay rise this year?

(obviously he deserves one as according to Dullard...sorry I mean gwynwin, Wressle is generating $1m a month net)

Gwynwin, clearly you are a highly educated man so why don't you explain to all of us how revenue of approximately $300k pm from Wressle reconciles with the timing of the $20m $21m and $22m RNS statements?

I can't wait to be educated by your extraordinary mind...

Miln I was thinking about that. If Egdon had submitted a separate application for the pipeline they would have planning permission in their pocket - my best guess is that they haven't done so because it isn't economic to install the gas cleaning plant and the pipeline for current gas production alone

Some gas is utilised by the C65's, the rest is flared - there is no gas revenue at Wressle

Here is a list of RNS statements re Wressle revenue

15.01.24 RNS - US$18,000,000 net revenues

17.04.24 RNS - In excess of US$19,000,000

10.07.24 RNS - revenues exceeding US$20,000,000

23.09.24 RNS - in excess of US$20,000,000

29.10.24 RNS - revenues of over US$21,000,000

26.11.24 RNS - revenues of over US$22,000,000

Jan 609, Feb 468, Mar 511, Apr 436, May 383, Jun 356, Jul 390, Aug 382, Sep 371

23/Sep RNS says "in excess" of $20m, even if that was $20.9m, that means $1.1m in 2 months, yet based on 380/390bpd, revenue is circa $300k pm...something doesn't add up imo

ballpark 2 to 3 years for andrews, not exactly the "repay itself in 6 months" claim by brammers ...his ramping knows no bounds. unfortunately all the interviews and articles are little more than **** kissing by the "experts", he never gets asked tough questions

The problem with our US assets is that none of Reach's wells on ok.gov appear to be (or ever have been) gushers, 10 bpd - 20bpd seems normal.

The question is, why does Bramhill expect Andrews, Moccasin, Diana, etc to be any different?

Why did he set our expectations at 150 bpd when nothing in the ok.gov data supports this?

Hydras, using RNS statements and ok.gov data, I calculated October data for Andrew 1 & 2. If my calculations are accurate, gas is up 10% but oil is down 38%, we'll find out in 2 weeks. Hopefully my oil number is wrong!

29.10.24 - The successful, now predominantly gas producing Andrews 1-17 and 2-17 wells, forming the Andrews field, in which Union Jack hold a 45% working interest, have to date produced 8,765 barrels of oil and 20,221,000 cubic feet of gas.

23.09.24 - Since being placed on restricted and periodic test production during late May 2024, the Andrews 1-17 well has produced 7,052 barrels of high-quality, ultra-light oil with a gravity of approximately 46 degrees API and additionally 6,407,000 cubic feet of gas since early August 2024

23.09.24 - Since being placed on restricted and periodic test production in early August 2024, the Andrews 2-17 well has produced 1,014 barrels of oil and 3,656,000 cubic feet of gas

23.09.24 8'066 bls + 10'063 mcf

29.10.24 8'765 bls + 20'221 mcf

so in approx. 36 days 700 bls + over 10'000 mcf gas

...this suggests Oct gas is about 8'700 mcf (10% up on Sep)

it also suggests Oct could be about 525 bls for A-1 & A-2 (Sept 849 barrels)

I have come to the conclusion that Reach is no different to Egdon or Rathlin/Reabold - they tell Bramhill that this or that is going to happen and when, when in reality the timeframes are little more than a wish lists of activity

45 bpd is about $1.2m pa gross but if opex outstrips revenue buyers will be cautious unless they see great potential in the license - best guess circa Euro5m

Once RP is off the books, what assets does have Beacon have???

Pump & dump?

"I sold my entire holding yesterday mainly because of the abuse, bad mouthing and unjustified undermining of the company, You know who you are."

- why not use the filter for posters you dislike?

- having looked at your posting history you have often "bad mouthed" posters, hypocrite much?

Gynwin I would be delighted if you were right but $3.7m pa from our US assets is complete nonsense. Based on Royalties and Andrews 1 & 2, it's probably circa $40k pm at the moment, even if Taylor chips in with $30k pm that's still only $840k pa. Your $3.7m is la la land

" 3.7 million dollars a year"...in your dreams - you're an idiot gwynwin