Member Info for itsawrap

...well if DB posts on here I haven't got a clue what name he uses...perhaps I am Spartacus?

Https://unionjackoil.com/wp-content/uploads/2024/06/UJ-Q2-2024_FA.pdf

this as a Q2 statement issued for the US market but does not include Q2 data!

That's the Q1 update from 17/04

This is what DB said in January "Going forward, future production and revenue updates from Wressle will be reported on a quarterly basis." followed by a Q1 update 17.04.24. As far as I can se we haven't had a Q2 update...

People see want they want to see...

2023 revenue £5.07m, post tax profit £0.86m,

current mcap £18m, May 2024 revenue about $320k (Wressle), Royalties revenue unknown despite 7 monthly payments because DB isnt being transparent (Andrews-1 data imminent). Is it any wonder that the market is cautious?

Just had a thought - the deadline for a VAT Return as at 30.06.24 is 7th August.

So if Nova has a 30.06.24 accounting period, they could submit the £12m re-claim imminently

From gov.uk

You usually need to send a VAT Return to HMRC every 3 months. This is known as your ‘accounting period’.

The deadline for submitting your return online is usually one calendar month and 7 days after the end of an accounting period. This is also the deadline for paying HMRC.

- assuming Nova submits based on a calendar quarter, the next submission will be as at 30.09.24

- £12m is equivalent to about 17p per share

If there is a tour I wonder if there will be any shareholder perks...free samples perhaps?

Https://tradingeconomics.com/commodity/eu-natural-gas

gas price up 25% in the last few days, significantly above the Euro30 price provisionally agreed with Guvnor

I reckon Rathlin has little more than £1m cash and they need £8m for their 4/6 of the latest plan

RBD need £2m, with maybe £7m cash in the bank so even with combined cash RBD/Rath are at least £2m short imo

Wressle 383 bpd for May

How about some perspective? Considering it was originally touted as a 500 bpd well, 383 bpd is a great result after 3 years of production, plus of course if there was downtime in May it would drag down the average

Production drop from 436 bpd in April to 383 bpd in May

Heid, out of interest, what do you consider fair value at the moment?

Saintsmith, just wondering why you said this "...they have bailed out a company that was very nearly bankrupt with little sales" yet the H1 update says this...

· Unaudited Group statutory revenue for H1 2024 expected to be circa £10.3 million (H1 2023*: £3.3 million), of which c.£7.8 million relates to Yourgene Health ("Yourgene").

...so £7.8m YG and just £2.5m for nova (down from £3.3m in H1 203)

which means in H1, YG sales were more than 3 times nova sales

NSTA data for May due Thursday - here are the last 6 months for Wressle

Nov 458, Dec 439, Jan 609, Feb 468, Mar 511, Apr 436

Thx that makes a bit more sense.

Phase 1 will deliver about 15 harvests his year, all contracted for £1.4m. Phase 2 is delayed until next year - capacity of 3 tonnes pa. I dont know how P2 compares to P1 in terms of capacity, I have not yet found that data. So if revenue is capped at £1.4m this year, will another fund raise be required to complete P2? I think it may. any thoughts?

The recent RNS states:

"The Group's ability to control the plants' growing environment means that it expects to produce 15 harvests per year"

and "The product produced from these harvests is being supplied to the two UK Pharmaceutical companies with which the Group entered sales contracts, as announced on 24 May and 5 September 2023. These contracts are anticipated to generate revenue of up to £1.4 million per annum."

...my conclusion is each harvest is worth circa £100k which means revenue will top out at £1.4m in 2024. This will barely keep the lights on, am I missing something???

Most of my research is posted on advn as 'likeawalrus', feel free to check it out.

here's an example

Royalty • Occidental operated Palm Springs Unit, containing 10 horizontal wells in the Permian Basin, Howard County, Texas (effective date January 2024) hTTps://www.shalexp.com/texas/howard-county/palm-springs-unit/558120

Recent Oil Production 84,393 BBLs in Mar 2024

here's another recent example:

delving into the world of Royalties is fascinating but finding data on our specific investments is difficult with so little information. This site has a list of explorers looking for partners

hTTps://www.energyadvisors.com/deals/public/list

this offer is very interesting as it's within our 'Eagle Ford Shale' Royalty

hTTps://www.energyadvisors.com/deals/45634