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malcy’s blog
to say that this is excellent news is an understatement, with andrews 1-17 now a commercial discovery ujo have the makings of a great base in the us with a top quality partner. obviously testing continues but the rocks look good with plenty of upside and oil at 41 degrees api is what dreams are made of and sales are already underway.
the next moves are construction of production facilities which is already happening and the associated gas will be monetised by adding further facilities. whilst that is going on the follow up well andrews-2 is being planned with the intention of drilling as soon as possible with no reason at all why it won’t be another success.
i don’t think the market has any real idea of what david bramhill and team are on to across the board at ujo. obviously wressle carries a big weight in the valuation but in my view there is nothing in there for the *****tone flats or the ashington grit formation and there is also west newton to bear in mind on the upside.
the move to the usa though is without doubt the piece de resistance, investing this amount in the uk would take years to come to fruition and a return might be small and decimated by fiscal greed. in the usa, returns are as we have already witnessed can be swift and substantial, state interference is minimal and profits are encouraged.
the strategic initiatives that ujo have commenced are already bearing fruit a matter of weeks since first drilling, whilst i am not running ahead of myself, these us investments can confidently be assured of a very decent, speedy return, enabling activity elsewhere in the portfolio and a handy source of income to support distribution to shareholders.
https://www.malcysblog.com/2024/05/oil-price-ujo-ceg-coro-eog-and-finally/
Https://drillordrop.com/2024/04/25/archaeological-challenge-to-wressle-expansion-plans/
11.55 sharebel , I suppose you're in the money with these as well. You said you've bought more at about 19.5 then you average down again about 19, going off the time of your post yesterday. I hope nobody bought in on the back of your post!! (notice the line here *** * ‘88E is FULLY FUNDED to develop Project Phoenix and its other assets’!!! **** ) you should be banned for your misleading post. You are still posting your rubbish. SHAME ON YOU. notice the strong buy in your post lol..
Sharebel
Posts: 10,957
Price: 0.1925
Strong Buy
RE: Market abuse22 Apr 2024 12:54
The company now need to issue a ‘we know know no reason’ RNS to knock the naked shorters out once and for all! Imthink they will or indeed they must! Its coming! I have just bought another 10k worth in 2 trades. Most red trades on here in 19’s are actually buys! IMHO DYOR GLA
Sharebel
Posts: 10,957
Price: 0.195
Strong Buy
Market abuse22 Apr 2024 12:25
15% down that seems legit? Not! All noted once again worked down and down on nothing! Market abuse being played left, right and centre here! Not playing their games and have just bought more! IMHO DYOR GLA
JAY 12:28 in
https://www.youtube.com/watch?v=-LGCV1ccFOM
Director/PDMR Shareholding
Rainbow Rare Earths Ltd announces that Adonis Pouroulis, a Director and Person Discharging Managerial Responsibility ('PDMR') of the Company, has bought 1,144,501 shares in the Company from Piran Resources Limited ('Piran').
https://www.investegate.co.uk/announcement/rns/rainbow-rare-earths-limited-npv--rbw/director-pdmr-shareholding/8145595
Britain is producing the smallest amount of energy on record as a plunge in North Sea fossil fuels leaves the country more reliant than ever on imports. This bit made me laugh.
(A government spokesman said ministers were doing their best to slow the decline in UK energy production.)
He said: “We are now a net importer of oil and gas and failing to support domestic production will make the UK more dependent on imports, often with higher production emissions, and weaken our energy security.
https://tinyurl.com/4xpkk8hv