Member Info for itsawrap

Lack of skin in the game is what should have been a red flag for me with Beacon - no Directors buys since July 2023 despite being an awesome reservoir. Transparency and honesty are a big problem for UJO, hence the sp is where it is. the future is bright for Bramhill - just not for shareholders

It WILL be drilled this year - wrong

the extension is in the bag - wrong

Funding is forthcoming - very unlikely

Ding ding ding ding ding...we have a winner!

...just for fun, can anyone guess who's ramp this was in Jan 2023?

When you look at the potential at Wressle, if a few things go to plan this year, with the additional production from the Peni*stone flags, the sale of gas which it would seem they have an outlet to, the overall production could be doubled quite easily. At 2000 bopd which I think based on what we know would be quite achievable, for Union Jack this would equate to 800 bopd. At $80 a barrel, which it seems to be possibly a fair average price looking forward, we would be looking at a revenue of approximately $23,000,000 or £18,500,000 in sterling. Of course, if Keddington were drilled and Biscathorpe, things could be off the scale. And this is no ramp, it's a strong possibility.

I think some people have made a lot of money along the way - not me unfortunately. The flaw in the business plan is that whilst DB has control over what UJO invests in, he has no control over which assets the operators prioritise nor does he appear to have any influence over timing, he simply regurgitates whatever bullcrap the operators tell him.

Perhaps participating in a JV should come with a firm commitment based on the project plan. Here's an example of operator bullcrap re Keddington "The sub-surface location of a step-out well has been finalised and it is planned to drill the well, where planning consent is already granted, when the Operator deems appropriate."

It's all about Colle Santo, salaries & bonuses now. WN is dead in the water, all other "assets" are crap. by the time CS is up and running I suspect RBD will own 40% to 50% due to loans converted to equity.

Jan 608.9 bpd, Feb 468.2 bpd, Mar 510.8 bpd

average for Q1 530.6 bpd

"We remain convinced that Erfelden is a material and potentially highly valuable onshore oil discovery"

...yet not a single buy by Directors since July 2023, perhaps not as convinced as they said?

Whitenight, unfortunately events have proved you right but what was it that convinced you weeks ago that this was going to be unsuccessful? thx.

Small oilers - will I ever learn :(

I'm quite optimistic that CS will go ahead, especially considering LNe has a funding solution through the Governor (sic). Funding was always going to be a major headache, this solution is great news for RBD as a farm-in would significantly reduce LNe's share of profits and a placing would heavily dilute our 26.1%.

Meanwhile WN is a never ending farce...

Jan 35.9 bpd

Feb 35.6 bpd

Mar 32.7 bpd

Jan 11.8 bpd

Feb 21.0 bpd

Mar 18.7 bpd

Nov / Dec / Jan / Feb all zero

March 5.5 bpd

Jan 4.4 bpd

Feb 23.7 bpd

Mar 0.4 bpd

Nsta Wressle data for March online.

Jan 608.9 bpd

Feb 468.2 bpd

Mar 510.8 bpd

average for Q1 530.6 bpd

Nsta Wressle data for March online.

Jan 608.9 bpd

Feb 468.2 bpd

Mar 510.8 bpd

average for Q1 530.6 bpd

The Company "ESTIMATES" its 16.67% share of costs for these commitments to be c.£2.2 million

Isdeer, what DorD said was this "The committed work had been estimated at about £9m." - note "had"

I quoted from today's RNS.

Dunrobin...never has a name been more appropriate :)