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MickyBee Posted in: UJO Posts: 1,630 Price: 29.25 No Opinion sucks07 Jul 2021 13:53 0.14p in old money , a disgrace , this is a flop , nothing more

I'm starting to agree MB

"Why are you obsessed with ujo/rbd with no shares in either"

Wrong I'm afraid .................. just praying it all comes good but I have serious doubts - as does the market as you can see from the way the SP is drifting down

Four year ago

____________________

Test planned of Balcombe well in England
Angus Energy PLC, London, will begin testing a sidetracked appraisal of the Balcombe oil field discovery in southern England “at the earliest opportunity” after becoming operator via farm-in.

OGJ editors
Jan 25th, 2018
Angus Energy PLC, London, will begin testing a sidetracked appraisal of the Balcombe oil field discovery in southern England “at the earliest opportunity” after becoming operator via farm-in. It has entered a definitive agreement to form a new partnership with the existing licensees, Cuadrilla Balcombe Ltd. and Lucas Bolney Ltd., through acquisition of a 25% interest in PEDL 244. Cuadrilla now owns 75%, Lucas Bolney the remainder.

Angus Energy Weald Basin No. 3 Ltd. agreed to pay £2 million initially and £2 million following Oil and Gas Authority approval of the deal and to conduct and pay for testing of the Balcombe-2Z horizontal well. If testing is successful, Angus will pay for submission of a field development plan.

Pity he doesn't share it with his actual shareholders Heid...................

Cuadrilla lost the plot - they were subject to immense pressure and basically the results weren't that good. They farmed it to Angus as they wanted out and Angus needed to show they were doing something in the Weald.

I think everyone would like Balcombe to just go away now.

"What happened to your midnight chats with DB"

Please - not "DB" - it's "David" iwthhied -

i suspect "She"'s been stood up - just as her "Uncle Steve" did over at UKOG

"she"'ll disappear but keep posting as Rubbey

"don't be surprised if one of the other partners buys Balcolmb "

there are three partners at Balcombe - Angus, Cuadrilla & Lucas Bolney

Cuadrilla farmed some of their interest to Angus - and Angus still have to complete the farm-in work programme.

Cuadrilla have suspended all their UK activities elsewhere. Lucas Bolneey are a subsid of AJ Lucas a major shareholder in Cuadrilla.

Neither of these companies is interested in bailing out ANGS and neither has the staff to operate these days

2Having said that I am a great believer that the left wing plans like the Kalergi Plan for Europe, Common Purpose and the Bilderberg Group, with secret meetings every year attended by Western 'big hitters', must be confronted and stopped."

oh dear.... someone needs to get out more. These s"secret meetings" are publicised and many are attended by the Press.................

Investigative newspaper Linkiesta have described the Kalergi plan as a hoax which is comparable to the anti-semitic fabrication The Protocols of the Elders of Zion.

As Croq points out Tariq has posted the question elsewhere

it's simply to generate posts TBH..................

"Results of Open Offer announced through an RIS 26 July 2021"

So nothing going to happen here until then when we know the scale of further dilution

"on when we should reach the first of the target depths ?"

Look at yesterdays posts

"My feeling still remains that in 21 days we'll be in a completely different position. I imagine that we'll get news of
reassessment of reserves upwards and reassessment of ability to pay bonds which will send us north of where we are now."

A reappraisal of reserves will require a new CPR - and they take a couple of months. I'd imagine, given that John Fuller supported CA in the case that it will go to XODUS. No technical outfit will produce a document here until they are sure they have totally covered all the bases as everyone will compare them to the two, very different, previous CPR's

"and nobody else knows anything apart from guessing."

Except (in the case of UJO) the low life commentators who all seem to know well ahead of the rest of us what is happening - or not happening

Nitrogen is normally used to try and lift a well that isn't flowing................

UKOG used tons at Broadford Bridge

Simple for new investors

2nd December 2019 6.9 Bn shares Price 0.85p
5th July 2021 15.9 Bn shares Price 0.18p

When even TH2 says

"I'm buying in the market cheaper right now. I will not be taking up the offer since that would mean I would pay more and dilute my existing holding"

You know we've reached the end of the road

I think its a major shareholder who sticks with their investment - eg Premier/Harbour & Petrichor over at Egdon who have been there for years

They've given out very little info on targets, times and depths.

Most people think it'll be 30-40 days from spud

"Target 1.6p fo Zak by end August"

Zak is consistently wrong

"Why not use a url shortener such as bitly?"

because no-one with sense clicks on a URL that they can't identify..........