Member Info for itsawrap

Https://drillordrop.com/2024/06/07/egdon-resource-should-have-disclosed-law-change-on-environmental-impact-high-court-judge/

Even if Egdon wins this case, there seems to be little point drilling when the JV will bear all the costs and risks only for the Government to scoop up the lion's share of profits - surely it's better to spend the cash on the long-promised Keddington side-track?

Tac as far as I know (or care) persi and pboo and me are all independent posters. I dont work with anyone on these bb's, I am a "genuine shareholder" "real shareholder" or whatever other term you regularly use to suggest people are not shareholders. I am fairly sure you are somehow connected to UJO for 2 good reasons but I wont bang on about it because there's no point. Based on their posts I have no doubt pboo & persi want UJO to be successful - you just see negativity in their posts, I seem realism based on their knowledge of Bramhill and what he says or doesnt say and what he does or doesnt do. When I read your posts I see unrealistic expectations and desperation to ramp this stock...I know whose posts I would rather read

Persi my recent advn post - 'I have found 3 of Reach's sites near Maud OK. 2 have 3 tanks, one has 4. Interestingly one of the sites with 3 tanks has 3 beam pumps on site. I may have also found the Andrews pad but google maps is showing a site without tanks etc (I dont know where to find a date for the image)'

- assuming I have correctly identified Reach sites, having more than one beam pump on site is not the first time

Egdon has failed us on Keddington, the side-track is now a "when we feel like it", I have little confidence that Biscathorpe will be drilled before DB's 80th birthday, if at all

Persi it would depend on how quickly the wheels turn at the NSTA, if Rathlin's lucky, they will agree an extension before Labour are in power, plus of course it depends on how long ago Rathlin applied for an extension

Https://www.nstauthority.co.uk/about-us/leadership-and-governance/our-relationship-with-the-uk-government/

I'm wondering if a Labour government will stop the NSTA from issuing Rathlin with a new 'work program' time-line, the current one expires in 3 weeks. Clearly Reabold does not wish to fund Rathlin in full, nor could it having spent so much on Colle Santo. WN is highly unlikely to be drilled imo...RIP Rathlin

If the gas flow is an indication of the oil flow we've been conned (again) but that was a preliminary flow rate, time will tell

I'll be honest pboo, I dont know how valuable the gas is, for me it's all about the bpd and how honest Bramhill has been when saying a "major success". He has set the benchmark at 150bpd so I'm hoping for a lot more but expecting a lot less as most of us know Bramhill is just as much a ramper as some on here

"Similar low-cost development wells nearby, typically produce initially at approximately 150 barrels of oil and over 200 thousand cubic feet of gas per day and can provide rapid pay-back within six months."

based on this statement, imo a success would be 150bpd so a "major success" should be more.

I remember Bramhill saying Wressle had produced at over 1000bpd but never stated for how long - clearly giving a false impression of the reality which was significantly lower. Perhaps he has learnt from this so wont give a snapshot number for Andrews, he'll wait until production has stabilised as per the RNS.

Just a reminder of what was said in the Finals

As previously announced, the Company and its subsidiary Primer Design Ltd are party to litigation with the DHSC. The trial hearing has been listed to commence on 10 June 2024, and finish on 4 July 2024. The Company expects the court to reserve judgment, meaning that the outcome of the trial will not be known on 4 July 2024.

"In calculating the number of Ordinary Shares over which the Awards have been made, the Remuneration Committee has applied the closing price per Ordinary Share on the day prior to the Grant Date."

rock bottom closing price...anyone care to give me odds on a buy-back starting after the AGM???

I posted the nsta data on the morning of Saturday 1st June and again a few days later as a reminder. I also posted the nsta data on the Europa board along with Europa's other sites. Whoever posted that on X is talking crap...

"How about people wait for the flow rates before condemning the diversification"

I'm not aware on anyone on here condemning the move into the US, who are you referring to?

HTTps://northlincolnshire.moderngov.co.uk/ieListDocuments.aspx?CId=152&MId=4123

agenda for planning meeting of 12th June does not include Wressle, next meetings 3rd and 31st of July

Https://www.youtube.com/watch?v=3kAQuB8BRMo 28/05/24

The other question is, if the big shareholders have confidence in the chuckle brothers and the assets, why aren't they filling their boots at .07p ???

Persi, that's the big mystery - why cant the big shareholders see what a pair of self-serving fools are ruining/running this company

Results and dividends - The loss for the year was £7.2 million (2022: loss of £45,000). The Company has not declared any dividends during the year (2022: £nil). The Directors do not propose the payment of a final dividend.

the justification for no dividend despite the commitment to return £4m to shareholders, appears to be the £7.2m loss...yet bonuses of almost £52k each. How on earth can the major shareholders be ok with this pair of self-serving leeches?

This is what UJO said in 09/23 "Union Jack holds 430,000,000 ordinary shares of no par value in Beacon representing 3.22% of Beacon's issued share capital following completion of the company's recent fundraise."

This statement infers that the shares were bought in the placing, however 333m were bought in the placing at .15 and 97m in the market at .157 (2023 Finals). Not a big deal, but once again proving that DB has a problem with transparency.

"Nobody mentions the fact the the fossil fuel sector in the UK is totally fooked, nobody mentions the oil company's are paying 75p in the pound tax, nobody takes into account there's worse to come..."

absolute crap, plenty of posters have said the same thing, also, many of us are happy that UJO has diversified into the US although I'm sure I speak for many when say I would like more transparency, for example, where is the data for the "monthly" Royalties?