Member Info for passiton

semper fi , not all its cracked up to be Mr B
lol

got to laugh, I guess the much improved finance deal at ukog as Sanderson said of the YA
death spiral it replaced , still not being understood lol

as optimistic as I am ,for as said last week next 10 days to fit with planned timeline for state visit

I would still have an oxygen tank on standby m8
this is Pakistan after all lol

as stated yesterday the original LOI granted to Oracle back in 2018 took approx. 90 days but was
not the emphasis to get it done and far more pending applications for PPIB to deal with

So must be very close

Ponkey
could well be the case, as I have stated several times Imran has had them all in his office the first
time was back in December and has repeated in meeting since, he firmly instructed all involved

he wanted all fast tracked, at that time HE was referring to having all Phase 1 in terms of boxes
ticked by early next year so the JCC could be held and Pakistan Government finances and focus
switched to Phase 2, with all to be stamped and signed off during President Xi's state visit, at
that time provisionally scheduled for June/July

Twice China requested the 10th JCC and Visit brought forward, did not happen as Pakistan not
ready, several times the ML-1 was mentioned as a big factor in the timing of JCC

ML-1 was signed off last weekend, so should now be full steam ahead to prepare to hold both the
meeting and the state visit

Was not comparing said all if but and maybe's until we prove it up and as replied to a poster yesterday
evening think we well be sold , long gone before West Newton is ranked at that level

Just originally replying to some that think we will hit highs like ukog, angus etc as the media say
we have found the biggest onshore ever in the uk

If you read back , never said we will get those levels, like dismissing we get 11p like ukog which would
now equate to 4p if they 20 bagged back up to Market Cap £360M and ten bags for us to MC £320M
would only be 2.21p with current shares in issue

As for the rest just stating potential if we prove anything close to those media statements, which started
with posters yesterday, giving it its a billion dollars worth, when I told them our percentage of a sale at
$1 Billion (£790M) would still only give UJO £135M at that to the current price still only 1.06p

Also did state Wytch discovery early 70's not until BP did full field development much later with a lot
of wells got to 100,000 bopd peak production

West Newton at the end of the day if the upcoming results are as expected or exceed could indeed
sell for the Billion dollars some where quoting but would still only add around 0.85p 135M to UJO
Not 11P 18P 40p and someone even went 60p

I agree we have to be realistic and said the other day I still think 1p possible this year for UJO but
West Newton as I also stated in a post unless it turns into the Gusher Onshore BAKU 1880's 60,000
bopd vertical well we would not see those sorts of figures without a share consolidation.

As you rightly state we have nothing but potential and expectation at the moment but hopefully in the
next couple of months those figures will be confirmed and site worth a Major stepping in to grab all the
long term rewards it could bring them, while handing a nice wedge over to fund the rest of UJO assets

As for Wytch I could also quote, if I remember correctly it was B.G. that made the discovery and the first
estimates for it where only around 30 Million barrels, little did they know what they had back then

Thankfully with modern day seismic tech, we should not be that far off the mark.

my blood flows bacon sarnie's, my fathers fault, he was one of those that was up at the crack of dawn
everyday, no different at a holiday camp , or when he retired.

Up , the pan was on, Egg and Bacon brekky and would part cook extra Bacon for my Mother to finish off
for us to have , before walking to school, ya couldn't beat it.

Downside was if he was ill , or on a short period working away

It was mothers hastily made lumpy porridge

baaaaaaaaaaaarrrrrrrrrrffffffffffffff

so if it was for 500M bls the oil in place after 40 +years still way higher than it was in the 80's when BP put an
update increasing to 486M which moved it up by a mere 200m barrels from the previous figures

Also remember all called Wytch but it ended up across 3 or 4 sites and no idea how many wells in the end
but peaked at production of 100,000 barrels a day, and also on another occasion a ref to workovers planned
on something like 40 wells

That's the potential rewards a major could look forward to WHEN we prove the site up further and $1 bIllion
could be lowball start of a bidding war, if the big boys having taken a look at the data also thing it could be
as big or bigger than Wytch over time

They will be drooling like a starving dog watching you eat a bacon sarnie

mijas
was that when B.P. took it on way back or when Perenco took over the Farm but without trawling back
they where the operators and seem to remember they had a few partners in the mix over time so that
would be for their percentage

I do remember more recently about 4 years ? ago London listed Premier Oil who held around 30%
sold their stake for think it was $200M so Wytch still valued in excess of $600M but that $200M would
be much lower than the buyer expected to make back over the remaining life cycle of Wytch, as those
holding at the end also have to foot the bills to restore the site

Was also some stuff floating around at that time a Russian group looking to buy in/exit don't remember
which way around

So even after producing since the 70's with a high of 100,000 barrels a day it was still worth $600M

That's the potential West Newton has for a Major, as quoted in the press West Newton suspected to
be the biggest onshore discovery since the 70's , which was Wytch

Almost 50 years later its still chugging away

Hence ,when ST was posting regular here , he expected the site to be sold and UJO to receive around £100M+
once potential proved up, giving at current exchange rate US $1 Billion (£790M = 16.65% UJO £135M

and in other replies

Heid thanks glad you like it

Mr-B think your drifting off topic and having more fun than the rest of us lol

seems , not just the share price is still rising this morning

ALLAN
$190 a barrel not out of the question , before all the trials and tribulations just a few years back
prior to the crash then to $15-$20 the US WTI price hit around $155 and Brent briefly kissed $160
and where rising quite strongly until things turned sour.

posted yesterday evening at 2153 with 3 links from the Pakistan observer 2 cpec one of the on ml-1 the
other regional co-operation stuff and a preview of the Pakistan budget, no great shakes in any of it
the PPIB and CPEC status pages remained the same

Just had another look and the Pakistan Observer had the link below to do with Electricity loss of usage
and revenues etc but again no real impact on us as we wont be selling to the grid for 3 years when fingers
crossed covid etc is a distant memory and the world has recovered

https://pakobserver.net/nepra-chief-admits-deferred-tariff-adjustments-can-affect-financial-viability/

Thankyou for you thoughtful reply
here's one back, off out, Goodbye

Heid took advantage during UJO slide
invested, in British Pharm's with pride
she give poor covid a really hard ride

likes her rises, big blue and swelling
profits, tunneled and funnelled
increased UJO for the upcoming welling

Locked and loaded, for EWT go
question is, how much will it flow
West Newton B , that set's her aglow

Millions added, she call's for three p
multi millionairess waiting to be

playing her shares nyct to odx
posts big sharegasm's
much better than sex

(tic/lol)

No all Marmalade and Jam banned ,as that fella in the movie waved his sword and cried

THIS IS UJO

UJO 2020
awesome year, RNA's plenty
hoping all, have a good entry

The time is near, when trucks will roll
equipment arrives, let's flow our hole

EWT, shareholders, such glee
Just take a look at the rising SP

The back road built
rig arrives for another tilt

drill bit turn, hard rock burn
how much more could UJO earn

West Newton sale,success on a plate
majors move quickly, don't want to be late

Hull Pete gives up watching the gate
Market Cap rising, at a hell of a rate

Dave, UJO flush
more developments, no rush
Sanderson sits, a scratching his tush

is the new road/track not so a big rig can access the B site , don't need a big rig for EWT

On 4 May 2020, work commenced on the construction of the West Newton B access track. This activity is
the subject of an archeological watching brief and is expected to take five to six weeks.

Think we will have sold up and be long gone before any chance of it being proved to be as good as
Wytch Farm in Dorset, after about ten years of exceptionally high production its reserves where
adjusted to be 200M barrels higher than when it was first discovered and estimated.

Prove up anything close to Wytch prior to a sale and WOW factor 10
sadly its FFD that usually does that

multiple early wells combined produced fluctuating rates of 4000 - 6000 bopd
On B.P. full field development Wytch produced at max 110,000 bopd and for most of the 80's onwards was the
highest onshore production field in Europe and in 2002 reserves where increased to still having 480M
barrels in situ

https://pakobserver.net/ml-1-milestone-of-cpecs-second-phase/

https://pakobserver.net/regional-integration-through-cpec/

https://pakobserver.net/pakistan-budget-preview-fy21-growth-on-radar/

Unusual labelling in the TR1 RNA
but agree with the poster N/A should mean completely out the door

TR1 usually indicate a remaining percentage or comments under 3% for a UK based entity and the
threshold is normally higher 5% for a foreign registered holder

Have seen many that still show a figure below 3% remaining but also many others that have just
the words less than 3% but on looking a couple of sections down it also indicates holding zero

Not /Non Applicable in all 3 sections would suggest gone none none