Member Info for Number6

I'm liking the reference to North Sea scale with all the onshore advantages.
Also, nothing seen like this in the UK since the 1970's Wytch Farm discovery.

This sounds good:

Highlights

· Substantial hydrocarbon column within a gross 62 metre interval encountered in the Kirkham Abbey formation

· Pending confirmation of logging and other information, in conjunction with the WNB-1 well result, there is scope for the overall hydrocarbon column to considerably exceed the current identified interval

As Heid points out, Oily Palms tweet, this is beginning to look very interesting.

To be honest I'd probably sell out by 1p. So, 3p is academic since it's highly unlikely I'd ever hold out for that long!

Poo is looking set to move well over $50 by January. Looking very good for Wressle now.
Just need a big win at WN and the sp could power ahead into the New Year with little to hold it back. Imho.
Biscathorpe will add to the excitement.
Gla

Hello Dan
Let's all hope that you're city contacts are feeding you pukka gossip and that WN is one of the largest UK onshore gas or oil discoveries ever.
My gut feeling is that a massive hydrocarbons discovery is on the way. Any such announcement will quickly be all over the media and national press and no doubt excitement will run wild as small investors dive in.
Gla

This is just typical. A load of high expectations and a huge amount of money thrown at this WN project and nothing doing. Insufficient hydrocarbons and some mud gas!!!

Definitely not the game changer that UJO were expecting.

Hilarious! We're in the presence of a f**king stock market genius here ..... Hence why the placing at 0.00160 instead of it being higher! IMHO ..... LOL!

I've just emailed DB.

Let's see if he replies.

I know Heid and I'm sure it will take place soon. I hope so anyway.

I might email him and ask about this. As you say an interview with Andrew would be a great opportunity for DB to touch on some of the recent events that have been causing us all much concern IMHO.

I'm sure DB won't be deliberately avoiding shareholders in any way.

a double post??

Yes Brocal, if anyone wants to gain a better understanding about the current situation facing ujo and most other businesses then I would also recommend calling David on his mobile at the weekend.
I spoke to David a couple of weeks ago and one thing he made clear was that we are probably facing rough times ahead with covid. In light of that he hinted at the need to raise funds ahead of a possible covid lock down and very wise he was.
Okay, our shares have fallen and I'm down a hefty amount like many others but, the prospects here remain essentially the same. We have more shares in issue but, we also have a huge amount of cash in the bank.
Imagine running out of cash and only being able to raise in the middle of a covid lock down and then at unfavorable rates. What would that do for the sp?
DB in my view has played this extremely well and with great foresight to all our advantage IMHO.
I believe in my investment here and will add more shares at what I feel to be oversold levels now. I'm not blaming DB for the fall in sp. In my view the sp has fallen for a variety of reasons and now covid is impacting.

Yes Brocal, if anyone wants to gain a better understanding about the current situation facing ujo and most other businesses then I would also recommend calling David on his mobile at the weekend.
I spoke to David a couple of weeks ago and one thing he made clear was that we are probably facing rough times ahead with covid. In light of that he hinted at the need to raise funds ahead of a possible covid lock down and very wise he was.
Okay, our shares have fallen and I'm down a hefty amount like many others but, the prospects here remain essentially the same. We have more shares in issue but, we also have a huge amount of cash in the bank.
Imagine running out of cash and only being able to raise in the middle of a covid lock down and then at unfavorable rates. What would that do for the sp?
DB in my view has played this extremely well and with great foresight to all our advantage IMHO.
I believe in my investment here and will add more shares at what I feel to be oversold levels now. I'm not blaming DB for the fall in sp. In my view the sp has fallen for a variety of reasons and now covid is impacting.

Just reported.
17-Sep-20 16:51:30 0.1704 250,000,000 Buy

Presumably something to do with the placing.

Is it possible?

What if WN proves up big time and is sold off.
Wressle Income on the way.

Other projects in sight:
Biscathotpe
North Kelsey
Keddington

Huge number of buys coming in.
I guess everyone's happy now?
Time for a rerate back to 0.30's perhaps.

0.16p is not as low as some had been predicting.
£7m on top of what is still left in the kitty.
No more placings for quite a while.
Sounds like DB will be bargain hunting.

Hopefully we can now turn our focus back to WN and the arrival of the rig.

0.16p each.
Think I misunderstood the 0.25.

£7m in.
Not bad.
No more placing for quite a while now.
I'm happy.

Only 8 trades so far this morning .. that's really quiet!