REMINDER: Our user survey closes on Friday, please submit your responses here.
Like I said in an earlier post, they are just kicking the can further down the road.
WN is the bugbear here. 2019 since the statement regarding EWT. Following DB's Churchillian statement about 'Mid Tier Oil Company'. Recent statements reveal that anything like this will not take place for a number of years - if at all.
I am a LTH holder here and am extremely disappointed by developments (or lack of) over the past couple of years.
Management need to up their game for me to continue for me to support the company.
Mitten. It is difficult to understand how this 'Conceptual Development' will be funded. Definitely not by money presently in the bank. Drilling and Gas Pipeline costs are far in excess that what is presently available and will, in my uneducated opinion, exceed what is in the pot, now or in the future, and will deffo need a JV partner to start / complete the works.
The company should concentrate on PROVING what they have, not pontificating on what might be.
She / He / It is completely delusionary.
Should be pitied rather than pilloried.
For the rest of us..........................the SP is going lower than Katie Prices Cleavage!
Yeah, strange that!
I understand and do sympathise with all posters and their comments about DB and the non-delivery by UJO. (2019) Mid Tier Oil Co, 3 / 3 / 4 Bagger, 2, 3, 4p share prices (old money). Core Samples and Cuttings being sent to the four corners of the world for analysis, CPR’s, CPR+, EWT??? – To what end? NADA (or worse!). For many it was these statements that drew people into this share. If we can’t comment on this, what else is there to comment on?
On another note. I dearly wish that Heid would stop stating the obvious with regards the oil price, its rise / fall and the reason for it all happening. Her comments on her ‘Analysis / Thesis’ are just self-gratification, and she should be pitied rather than pilloried. However, perhaps she should write a ‘Thesis’ on plagiarism. She certainly knows plenty about that!
GLTA & Happy Daze!
That must have been a Zoooooooom meeting! Faster than the babysitters boyfriend when he hears the car pulling up!
Didn't even have time to finish the sandwiches!
Happy Daze!
I agree with Croqman. Three years have been wasted. Another (proposed) CPR - We will all need one at this rate.
They are just kicking the can further down the road - Again.
Happy Daze!
There's none so blind as those who will not see.
GLTA
Didnt expect anything less from you, Heid.
Go over the facts from the last three years. You will see.
Surely, having placed 18,000+ posts you never saw the statements?
And please dont think I would want you to give me the time of day.
Carry on counting your Universal Credit & have a nice evening, pet.
Groan, Groan, Groan!
We appear to have lost the plot on this BB and we should go back a couple of years. There are a number of statements, made by the management, that should be answered.
Mid Tier Oil Company, share price 2, 3, 4p (Old Money) -WTF happened?
WN EWT – WTF happened?
Biscathorpe Core Sample sent to ‘World Renowned’ Laboratory in Norway for analysis – WTF Happened?
WN Data sent to world renowned laboratory / analysts in Romania – WTF Happened?
Gaffney / Cline & Associate CPR (or whatever they call it) – WTF Happened? Any other oil company would have sacked them by now.
One thing they are good at is blowing smoke up our individual rectums.
We are all here to make money – don’t see that happening, so WTF is going on here?
If I have gone in to Rumple Stiltskin mode, pls advise but can’t blame it all on COVID. I hate to say it but I think that was a welcome excuse.
Happy Daze!
We talk about Rampers, Heid, Cali, Straightalker, etc., etc. They have no real influence on the share price. The biggest Ramper was DB. He claimed the the share price (pre consolidation) would go to 2p, 3p, 4p. and that the company would become a mid tier oil company - I see no evidence in this. Compared to his initial outbursts his silence speaks absolute volumes. Happy Daze !
You have to hand it to Heid - Only a couple of years ago she / he / it (?) couldn't spell OIL now she / he / it (?) is a self styled Global Energy Analyst!
Just goes to show what visions of grandeur can do to you! Happy Daze !!!
Heid,
Clearly you are not a realist. Just hike up your oversized drawers and jog on!.
Have a nice Weekend & Happy Daze!
I am a LTH of both RBD and UJO and am pleased about the outcome of the planning application for WN. However, I have to wonder how these guys will handle another 4 wells. Lets face it, WN drilled in 2019 - Extended Well Test, CPR taking longer than the gestation period of an African elephant and data sent to Romania ? What happened to that?
I've been involved in offshore projects in 1600 meters of water which have been in production 18 months after spudding in.
So, here we are, three years after declaring 'Offshore Find Onshore'. 'Biggest Find since 1973' but not even an oily rag through the gates. I am not surprised the share price is still languishing in its socks.
GLTA & Happy Daze!
TAC - Pls do not remind me of the numerous reasons and excuses for the poor performance of UJO. I do applaud your backing of the company which, in some ways, leads me to believe you are closer to the top table than you admit, along with Heid. I recently lost my job in the oil business after a 40+ year tenure so I don't need to be lectured about the reasons for the downturn. I do, however, wonder why the workings of a well take so long and why there is very little information on the same.
Covid and Brexit may have some effect on operations but other oil companies appear to be operating, producing and being transparent - despite these setbacks.
Can you remind us of when the price was higher? Way, way back in the dim and distant past when DB was predicting a 2p, 3p, 4p, share price in old money???
Wressle may be bringing in the bucks for some but for others this is a whitewash and a real pig of a share. The percentage loss is catastrophic and I doubt that we will see a regain any time soon.
So, in short, I do not see any justification to laud DBs efforts or determinations at this time. His silence after his earlier (2018/2019) euphoria speaks volumes - as does the share price.
How low can it go ????
Some say.................Under a snake with a top hat on.
Happy Daze!