Member Info for itsawrap

Apologies, wrong board!!!

Hard to ramp rbd with the current management, CS has a very good chance imo but it wont be any where near as lucrative as rbd claimed in october (assuming there's no war in Europe). I suspect WN will still be in limbo in H1 2025, even it if is drilled, dont underestimate Rathlin's ability to screw it up. Meanwhile the leeches draw unjustifiable salaries...

Actually a lot less than than, Wressle currently about 500bpd but only 40% to UJO, plus about 10bpd from Keddington. btw UJO's buy-back is considered a waste of time by most as they were buying when the sp was relatively strong but stopped when the sp was on its knees despite having plenty of cash, overall the buy-back strategy has been a failure. However, when Beacon has cash to spare mopping up shares may be the way to go.

Https://www.shalexp.com/oklahoma/seminole-county

https://www.shalexp.com/reach-oil-and-gas-company-inc

As serif said, consultation ends 21st May - so far (I hope I dont jinx it), not a single objection from households, just archaeology and wildlife concerns.

This is what Egdon said to the community group "Following the conclusion of the statutory consultation period (10th May), Egdon hopes to receive planning consent by 17th June. The next phase of drilling could start in Q1 of 2025" - not sure why they said 10/05 when the application says 21/05 ?

Reabold is the epitome of a lifestyle company, whereas Bramhill is working hard to expand in the US - imo due to the incredibly slow progress by Egdon over the last few years and the unattractive environment created by the government and nimbys. Bramhill's foray into Beacon could/should prove to be a winner in the near future too. Meanwhile we wait for Egdon to side-track Keddington which has been oven-ready for a long time but they seem unwilling or incapable of drilling.

Moniman, I think there's a very good chance CS will be a success. However I still think rbd overpaid, plus the revenue forecast is ridiculously optimistic, imo it deliberately mislead shareholders. It's hard to see how rbd will monetise the investment in the short-medium term unless LNe is bought by a major

This is just one paragraph but summons it up

"We learn from the press – says LNEnergy – of the regret expressed by the mayor of Bomba, Raffaele Nasuti, for our failure to present the Hydrogeological Study, so much so that we asked the Ministry to block our Project. We regret that you have missed our PEC communication to the Ministry on 11 April 2024. In this communication it was specified that by the end of the current month we would send all the in-depth technical-scientific studies, as well as the counter-deductions to the Comments of the Public. In any case, we trust in his willingness to discuss the investigative work carried out, hoping for a greater protagonism of the territory on the management of the project". "LNEnergy has always demonstrated," the Company continues, "its sensitivity towards the territory and its respect for the population, approaching its investigations with caution and respect in the ways and actions, precisely in line with the requirements that emerged from the Preliminary Consultation procedure (for the sake of brevity Scoping) referred to in Opinion 601 of 14 November 2022 of the MASE".

25.04.24 https://www.sviluppocollesanto.it/2024/04/25/giacimento-gas-collesanto-la-lnenergy-risponde-al-sindaco-di-bomba/

29.04.24 https://www.sviluppocollesanto.it/2024/04/29/gas-vicino-al-lago-ecco-gli-studi-tecnici-2/

Hardly clueless, they are being very well paid for failure after failure

0.25p dividend

Expect 2023 capex for our UK onshore sites, plus the Royalty profit at long last, perhaps a 100% write-off of ELEP and a big loss on Beacon investment, we'll find out wtf is happening at Keddington plus more flannel re WN. maybe a 0.5p divi. Also expect post period update for US Royalties.

Https://www.shalexp.com/oklahoma

56'700 active wells in Oklahoma produced 11.8m bbls in Jan

"When someone repeats the same action again and again but still expects a different reaction"

...in my world I call that playing golf :)

Spend £40m for a £12m return - sounds just like my investment in Reabold

Cash balance at 31 January 2024 of £3.8m, plus another 3 months of revenue about $0.5m per month, so circa £5m cash plus a steady $500k pm...mcap only £8m. surely time for an upwards re-rate?

I dont think it would make a lot of difference for shareholders (not sure about the tax implications), however it would allow the company to keep the cash for other things eg the US. the downside would be more shares in circulation but with UJO on an upwards trajectory, I doubt a couple of million extra shares is a big deal

Just curious - how would shareholders feel if UJO paid a scrip dividend using shares held in Treasury?

Fyi - the last paragraph (page 38) in Rathlin's 2022 Finals states that the nsta permission to drill expires in June 2024

"Egdon hopes to receive planning consent by 17th June"...rotflmao!