Member Info for reaction

So looking (FORWARD PE) to Wressle oil production. Hope it is within the range the company has said 500 bopd.
No figure for previous years of course as this will be our maiden production from Wressle. (No backward pe).
All we can do is to hope the production is in line with 500 bopd.
West Newton getting closer by the day.

For clarity the forward looking PE I have calculated is based only on £2000000 (£2 million) revenue from Wressle alone.
We have the oil at Wressle. Hope that helps.
Warning there are are people on here that have more twists and turns than a rattle snake. Do not engage.
It's a shame. Good luck to all the people that are simply trying to invest.

Bring on the GSA / PIPELINE SPUR/ and METER., At West Newton.
We already have the gas ! Lets get that EWT done and put the proven reserves onto the book. That will give us even more sp.
Even better, leave the gas where it is to aid the recovery of a commercial recoverable oil find. Buy a pump and have the gas and the oil ! I don't care the gas will do for me. VIVA UJO !

So looking forward to UJO reinvesting the profits to grow the company and the math. Price of oil is way cheap for governments.
Be marvelous to get a special dividend. So much news due. Very exciting. Difficult to keep up.

On a forward looking basis there can be no doubt that UJO is substantially under valued. By many multiples of the 0.16. sp.

Assuming profit of £2000000 (2 million).

2000000 (profit)/19,815,906325 (shares in issue) = 0.00010092902 =EPS
0.16 (share price)/ EPS 0.00010092902 = 1585.27250140742 =PE
0.16 (share price)X PE 1585.27250140742 = 25364.36002251872 =sp using a multiplier of x16 slightly less than
the industry standard.
I see us at 0.25364 per share based on £2000000 initial income from Wressle alone. Now these are just back of the fag packet calculations based on just on factor (price per earnings) in a massive overall equation of other factors.
Personally to cut a long story short I want a full 1p per share at the minimum.
Note: I am not a mathematician.

Bring on Wressle prodution. Everything (sp) then changes in the blink of an eye.

Looking forward to further gas and probable oil from the B-1 well. Then we go for B-2. C-1 AND C-2 if not already flipped.
Plenty of money to hand. We already know the gas is nailed on. Happy days. This field just keeps getting bigger and bigger. Lots of wells and lots of production to follow.
I wonder what our price to earning will be as Wressle comes on line. mmm. After the EWT we can book proven gas/oil onto the books. What PE then. This share price is going to re-rate by multiples of the current sp. It is basic market mechanics not a ramp or being overly optimistic. If you are aware of UJO and are willing and able to invest then the future is looking to have a very positive outcome here.
These boards can be fun and help pass the time. But nobody is going to brainwash me out of my position here.
Looking forward to a very positive week.
You don't get many opportunities like this in a lifetime.
LET'S GET THAT FLARE STACK IGNITED

Many thanks to twitter MarkMark/@Ratt Mobinson
For their posts/info.

MarkMark(@Me32063)2020-11-06 12:46:28
#UJO News from site.

Ratt MobinsonRatt Mobinson(@Ratt Mobinson)2020-11-06 12:32:49
@Mark Getting ready to concrete the casing 2xmilrec concrete tankers into site

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Hi Crocqman, Not sure about the spelling. But the shops by us have got these great big windows, so I shall be able to give her a wave as I walk on BUY.

Don't worry I didn't really sell Granny. I put her into pawn instead ! She seems happy !!!

Sorry Granny times are hard right now with this pandemic. Your going to have to go.
UJO is a chance of a life time. BUY !

I like to think that it is the MM in the back ground trying to fill some large buy orders. Once they are done this coiled spring can then be released with a swift move up to 0.17 to start with.
Delayed buy trades at end of day maybe. Would be nice.
Could also just be a quiet day/ U.S elections. I like my first thoughts on it better though.

So pleased we were given the authority to explore/drill for hydrocarbons on the Wressle licence area.
So much time /money/ blood sweat tears an incredible effort.
Just need to get the Hydrocarbons to market now. Should be alright.

Hello Heid, Things are lining up for us all very well indeed. There are plenty of buyers for gas that's for sure.
Date of program noted.
Oh yes, Wressle news any time now. Company maker ! Initial 500 bopd on restricted flow. 200 bopd to UJO. Looking forward to a side track there and full field development. Think the production numbers are going to be out standing given the data already to hand.
I think ultimately the council will agree to more than four tankers per day. We should see a favourable review of tanker numbers/spur going forward imo. Wressle is a beauty.

Bring on the proven reserves/EWT.
"if" we have recoverable commercial oil I guess they will leave the gas in place to aid recovery of said oil.
You never know.
I am just very very happy with the gas to date and to think how far this may extend.
Best stock on AIM. Fabuous.

GSA and spur and a very large gas metre, wont take long when we look to commercialise all the discovered gas to date.
Plenty of local infrastructure and gas lines/gas processing to hand.
I so anticipate that flare stack igniting at WN B-1. When they book all of this as reserves it will move our sp up substantially.
We will more likely sell the asset though I think.
Lets have a good day.

Don't they want us to know. The other chat forum confirms intermediate casing going in.

Casing of intermediate zone has begun.

Credit to Twitter.