Member Info for itsawrap

Https://www.youtube.com/watch?v=7FYt3YpgoXs

DBs interview from about 3 weeks ago - 12m 4s in he says "$19m revenue from Wressle"...yet $18m RNS'sed on 15th Jan - could wressle have earned $1m in 6 weeks?

Heid I applaud your optimism but having a portfolio of very promising assets isnt getting us anywhere at the moment.

- Kedd was definitely being drilled in H2 but has been kicked into 2024 with no explanation from EDR or Bramhill.

- Bisc won the appeal 4 months ago - but not even a whisper of a project plan or a time-line (or cost)

- Penystone (and 600m pipeline) planning application has missed the latest time-line by 7 weeks without a word

- WN...well, what can one say about WN? simply embarrassing for everyone

- Wressle post jet-pump production is a mystery, NSTA data for Jan out in 2 weeks will give us the transparency Bramhill cant or wont provide

My major gripe is his lack of transparency. Until he starts being open and honest with shareholders, the sp will continue to struggle apart from the odd spike.

Thanks for the link karina, fingers crossed it's a gusher!

I wonder what they told all the big shareholders in order to secure their votes???

The deadline for comments on the Colle Santo EIA is 27.03.24

'Verification of EIA' takes 30 days

then 60 days for further comments once verified, which takes us to the end of Jun 2024

Christine, the problem with statements like that is DB is very careful NOT to state the time period, was it a day? was it a week? we dont know. Just look at the RNSs from Dec & Jan, they simply dont tally with the NSTA data for December. There's nothing wrong with being enthusiastic about your investment and UJOs portfolio, but many of us have learnt not to trust DB and to be mindful of what's NOT being said.

You are talking rubbish Christine, DB has previously said the company could be bought at the right price

Smoke & mirrors Christine... one of the dark arts in O&G

This is from the RNS of 15th Jan " Wressle-1 well gross production currently averaging a constrained 665 barrels of oil per day, as the Operator continues to evaluate the reservoir response to increased pump rates"

we will have the NSTA data for Jan in 18 days (April's fools day) - my guess is the av. bpd for Jan will be nowhere near 665bpd

hydras, i share you concerns, this is my advn post from yesterday.

why is the mcap £18m and not £25m or £35m or £45m? my thoughts are this, we have a good cash balance but our key assets are going nowhere at the moment hence the current sp. the move into us drilling and royalties seems to have a lot of potential but until we start earning hard cash and we see the promised "monthly" revenue, the sp will drift.

meanwhile kedd is the project in never-ending planning, on bisc we are clueless, wressle production is possibly worse than we have been led to believe, *****tone planning is just a myth and wn is a bad joke. ...gosh i almost forget bacon (crap atm) and elephant (dead as a dodo) so my conclusion is that ujo is actually fairly valued at the moment in the 15p-20p range

Https://www.sviluppocollesanto.it/

7th and 11th March - scroll down to NEWS

What bugs me is Keddington was oven ready last and scheduled for drilling in H2 - it was kicked into 2024 with no hint of an explanation from Bramhill. One has to wonder what the hell is going on at Egdon!

A few Royalty purchases are not going to turn the sp around (yet). What we need is an update on Keddington which was definitely going to be drilled last year, an update on Biscathorpe (silence since we won the appeal), an update on production at Wressle (how bad is it???), a planning application for Penystone & the 600m pipeline and last but possibly most importantly in the short-term, the funding for Rathlin. Shareholders are me with a wall of silence for ALL these projects...wtf DB?

Actually it is quite easy, there is a buoyant auction market for oil Royalties in the US with units selling for as little as $2'000. each offering comes with detailed background information. I'm guessing DB is using an intermediary as larger amounts may be subject to negotiation

$168k invested but no mention of our percentage?

Thank goodness we have something to look forward to in a reasonable time-frame rather than relying on all the spin and lies emanating from RBD & EDR

Henry, this may answer your question re CS.

https://va.mite.gov.it/it-IT/Oggetti/Info/10561

the deadline for public comments is 27.03.24 - it's not clear how long the process takes but this may shed some light

https://va.mite.gov.it/it-IT/ps/Procedure/InvioOsservazioni

Moniman they stated that they had allocated £750k for buy-backs of which they have spent about £550k.

currently £200k would buy over 300m shares, next week maybe 400m???

"If it is within this time frame then we will be drilling this year, which is what we are planning for."

Penystone is highly unlikely to be drilled this year despite what WH, DB or anyone else says. This is not guesswork, Egdon stated provisional timescales for Penystone Flags, i.e., planning app by 31.01.24 with a decision by 30.04.24.

Assuming the planning application is submitted this month, at best a decision by end of June, plus 6 months for EA permit (source WH) which takes us to 31.12.24 - drilling this year? ...not a hope!