Member Info for itsawrap

Https://www.sviluppocollesanto.it/collesanto/

livestreaming but nothing to see yet

It's interesting that Bramhill has chosen to invest in the US rather than Africa which seems to be in vogue atm. Fortunately he hasnt increased our exposure to WN which appears to be dead in the water, likewise I'm pleased he hasn't shown an interest in Reabold's Colle Santo project.

I think technoinvest has invested at a very good time, lots of medium term potential - first Erfelden, then Kedd, then Bisc and Penystone (I'm unsure about WN)

Https://www.sviluppocollesanto.it/

this is LNenergy's Italian website

Https://www.sharesmagazine.co.uk/events/event/shares-investor-evening-edinburgh-live-event-270224

let's see what they RNS between now and the 27th

"Would I buy in here at this moment in time ? Absolutely not"

I disagree, based on Wressle alone producing 665bpd and poo $78 (say $65 net), that's $6.3m pa or over $500k pm.

I do have major issues with Bramhill's management style, that is, his lack of transparency and his failure to keep shareholders informed on progress at Keddington, Biscathorpe and WN, however I am confident that Kedd and Bisc will be progressed this year. I also believe that Erfelden will prove to be as good as Wressle if not better in which case the Bacon shares will soar. Penystone planning will be submitted in Q1 imo. meanwhile WN appears to be a non-runner but they may surprise us, at least DB hasn't increased our exposure there. Overall I believe UJO will have a very good year.

Sometime ago I suggested that the 1.3 billion shares issued to LNe would surely have a lock-in period, although nothing has been said. I guess the answer is no, otherwise how could LNe transfer 450m shares to the Directors? I suppose it's possible the shares could have been transferred with a lock-in caveat but my worry is if CS goes tits up, ie permission is refused, we will have 1.3bn shares hanging over the market...happy days for LNE Directors but not for the rest of us

Lots of doom & gloom merchants here - I recommend reading UJO's RNSs from Q3 2021. same problems, similar solution (ceramic beads rather than sand). Result? highly successful clean-up which resulted in circa 800bpd compared to the expected 500bpd (op took 3 months). 2.5 years later the well is producing circa 665bpd.

poo currently circa $79 so every 100bpd is equivalent to almost $2.9m gross pa

Although the article casts huge doubts over the project (plenty of those already!), it's well known that the Abruzzo region is very vulnerable to strong earthquakes, so is the dam at greater risk from the known or the unknown?

Previous RNS stated production restricted to an average of 550bpd until 14.12.23 when the EA permit was granted - so although 458bpd over 30 days, appears to average 550bpd over 25 days

Every 100bpd means gross revenue of about $3m pa at current poo, plenty of upside once the clean-up kicks in

Rather than whining every day about a company that you have no faith in - why not sell your shares?

Wressle had a similar issue in Q3 2021 (see UJO rns's), the operations and clean-up took a full 3 months but the result was excellent - well above expectations.

- as I previously posted, same issue at Wressle took 3 months to resolve - highly successful

Https://www.londonstockexchange.com/news-article/UJO/strategic-expansion-into-the-united-states/16307093

Https://www.gov.uk/government/publications/dn15-0db-egdon-resources-uk-limited-environmental-permit-issued-eprab3609xxv006

Regarding Wressle development - this is the "provisional" Planning Timeline issued by Egdon, so we may see the planning application very soon.

31.01.24 - submit planning application to NLC

Feb 2024 - Formal public consultation by NLC

30.04.24 - Target date for NLC to determine planning application

unknown - applications to NSTA, HSE & EA

Kawasaki, next thursday we'll have the nsta data for November.

- rns of 08/11 said production had resumed

- rns of 19/12 said "Prior to EA approval (14.12.23), production was constrained to delivering an average of 550bpd"

so November production should be 550x23 =12'650

I doubt he needs to tell the market if Heyco & UJO are negotiating over a PEDL until the deal is done.

Good company but relatively unloved by investors (at the moment). I first invested 3 years ago but have seen my investment slowly but surely diminish - a good time to invest imo, far more upside than downside plus an outside bet for a takeover

Thanks persi. I'm surprised they survived until the end of 2023, it doesn't look good