Member Info for itsawrap

Lesh your maths may be dodgy but so is Bramhill's so you're in good company. Bramhill has ramped the arse off our OK assets claiming success after success - the reality is millions spent for only one decent well. Unless Crossroads and/or Wolverine is a gusher, we will never be in profit on the OK group of wells. The one bright spot is the Royalties which appear to have been a good investment.

Jabez it's hard to find positives these days - WN Q2, Crossroads Q1 (rotflmao), Taylor foaming Q1 - all possible but it's easy to be cynical with Bramhill's track record. The one big positive is Brent above $100, who knows, they may even run out of excuses for not drilling Kedd with Brent spiking

Re-entering WN-2 could be an opportunity for short term gains for recent and long term investors. Once Rathlin announces rig mobilisation - deadline 30.06.26 - the sp should perk up and if successful could do even better. Likewise if Crossroads is ever spudded or Taylor's foam intervention transpires, we could see some upside. 2025 Finals in 2 months so we'll know how good/bad the cash situation is, bad seems likely imo

Many shareholders believe that Bramhill has dug a hole for UJO by over extending in Oklahoma whilst ignoring key assets like Keddington which has had permission for a sidetrack for several years. However if Brent is elevated for another couple of months (or more), the extra revenue will make a big difference. In fact, if the sp can get back to 7p or 8p we may see another placing although how well the sp responds to a placing will depend on what it's for. all imo of course

Not a problem. if you wish to monitor Wressle & Kedd production use this link on the 1st each month

https://ukcs-transition.maps.arcgis.com/apps/webappviewer/index.html?id=436d3b59f7574e998ea12f23128a24c8

for ok.gov data use this link with company no 24558 (visit otc)

https://oklahoma.gov/occ/divisions/oil-gas/oil-gas-data.html

My msg was polite and helpful, why be offensive?

267 x 40% x $103 = USD11'000 or £8'148 gross per day (opex is about $10 per barrel)

not £15k pd, not £16.5k pd and not even your 3rd attempt of £10k pd

Couple of corrections for you - Wressle produced 267 bpd in Jan but UJO only gets 40% of that so your revenue calculation is way off.

wrt Oklahoma, every RNS contains promises of unicorns & rainbows eg Sark - an estimated recoverable resource of 1,440,000 barrels of oil gross, COS of 65% and NPV10% circa US$19.9m which was a DUSTER. The claims for Crossroads are very similar (already paid for btw). The reality is, of the 5 wells drilled so far - A-1, A-2, Taylor, Moccasin, Sark - only Moccasin is producing meaningful revenue.

Will Crossroads be another Moccasin or another Sark? We wont know for a while as despite being planned for Q4 2025 then Q1 2026, it appears that it still doesn't have a permit to drill. Bramhill is very good at spin, ramping and misleading shareholders so be careful what you believe when reading RNSs.

PS we are still waiting for Diana to be drilled - first it was Q3 2024, then Q4 2024, then nothing.

Here's what we know...

Wressle - "Average production during Jan 2026 is circa 267 barrels of oil per day ("bopd") gross."

Kedd - "Current production during Jan 2026 is approximately 36 bopd gross."

Moccasin - Dec 1638 (53 bpd) from ok.gov

40% of 267 = 107

55% of 36 = 20

45% of 53 = 24

Brent (WTI less)

$70 = $315k pm gross

$90 = $418k pm gross

$100 = $450k pm gross

I'm not sure how the EPL works but I assume UJO will need to set aside considerable revenue for taxes. An extra $100k/$200k a month will be very useful and will give UJO breathing space but it doesnt 'fix' the problems for long

If ujo can't turn things around with Brent at $100 then Bramhill needs to go...

Miln, 'him' is definitely Bramhill. Shareholders know that O&G exploration and development face endless challenges so honesty and transparency should be the norm not the exception - unfortunately Bramhill doesn't no honest or transparent very often.

All the Directors are up for re-election at the AGM this June, with Craig Howie and numerous unhappy shareholders I think there's a good chance we can vote him out. As you said, we need facts and figures not smoke & mirrors and corporate bullcrap

"To grow a company surely you have to cut costs and drill more wells to advantage of the 'temporary' high oil price ?" exactly!

Keddington side-track promised year after year - all permits in place (a rare beast in UK onshore) yet not being drilled, why???

Thx for the colle santo link - a legal challenge was inevitable but I doubt it will succeed. Talking of legal challenges, I'm surprised we haven't heard from the swampies re WN, I was expecting a legal challenge there too.

Brent currently $103 which is good news but here's some context. UJO's jv share is currently about 150 bpd so at $103 less opex, one month's revenue covers Bramhill's salary for one year - just.

Wow talk about smoke & mirrors from the chuckle brothers. How can it be "an important strategic asset to the UK as the country looks to secure domestic energy supply and affordable energy" when Plan A is gas to Bitcoin? Gas to Bitcoin doesnt help the UK at all - or am I missing something?

...over to you sushi

I have long suspected that the side-track at Keddington has been mothballed due to Brent making it uneconomic. Kedd has all permits in place - I wonder how high Brent needs to be and for how long for Egdon to make it a priority?

Well said BB. fyi - Q1 ujo nets about 150 bpd so the extra cash is handy but hardly company changing

UJO currently nets about 150 bpd (very little gas) with Brent up about $15 in the last couple of weeks, that's worth an extra GBP50k pm

Many thanks for all the ramping - most appreciated : )

The deal between RBD and BCE is fairly complex but overall I believe that BCE has got the better deal. There is one more hurdle, that's the final ministerial approval which could take up to a year or so. I kept my shares on the off chance that they would pull a rabbit out of a hat - if they get the final approval, the shares should do very well and that rabbit may become a goose that lays golden eggs. It's probably better to wait for the certainty of the final permission but I am very tempted to buy tomorrow...