Member Info for reaction

This is a massive discovery and I think we must accept it has to be done 100% correctly.
It's not a game. This is the real deal. To be able to buy in at such a low sp relative to these assets is just bonkers. But it is what it is. A gift from the MM don't know why. Can't believe how far they pushed this down. Any way all good.

Wressle /Biscathorpe news any time between now and the end of March then. Monday would be good for me.

I see the forward budget proposed by Rathlin as a convenient red herring.
More to all of this than meets the eye imo. I feel sorry for any one that has given up their position here. It's a wicked world.
3-5 per share DB is quite right that those figures could happen.
imo they will !!!

Well DB has stated, and is a matter of record that they know who it was that tried to scupper the fund raise. I guess if the stock had of been suspended it would of played into the hands of some. Will any action be taken at this time. I don't think so, as I am of the opinion that UJO whilst giving due consideration to our partners and the over all impact upon WN is just pleased that we raised the funds right there and then and to hell with the short term consequences to the SP.
Guess it will all come out in the wash.
All that mattered was to get the money now ! right now ! at any cost !
Job done.
I guess they have their motives and drives for their actions and inaction's.
GLA.

I would be very pleased to see one of the majors farm in to West Newton on the condition that if things are proven up as expected they will have first right of refusal to buy out the entire licence. We are all well and truly cashed up with income in the pipeline from Wressle for UJO mid year ish. Plenty of monies to move forward with existing partners though. No pressure. Would like an update.
It is still all stop for now and the wait continues. Should be worth it. imo. You never know.

Yep, Follow the money and not the trolls.

RE: £750. LOL. Oh well the gist of it is in there some where I hope. I am no mathematician that's for sure. Best to go with D.B figures and time scales. Roll on tomorrow.Hope we get an RNS.

Hi GreyPanther D.B. says in this interview the side track would cost about £750,00 So we pay a share of that/% say 300,000 imo.
This interview is so worth listening to it has loads of information and facts and figures in it. DYOR. All the best.
https://www.youtube.com/watch?v=WXy5rucHlFU

I expect they will start work on Wressle soon enough all the partners could do with the money coming in. 500 bopd initially. Further discussions and demonstration of our strong capability to transport the oil safely with the council and they may allow us to run more than 4 tankers per day. A side track horizontal well might give us up to 8-10 times this initial production figure. And that is the big thing to remember with Wressle the 500 bopd is only initial/3 million a year to UJO INITIALLY. Add to that the well is capable of 1000 bopd. The partners were very happy with the flow rate/how fast the fractures replenished.

Biscathorpe side track that they speak of is just £300,000 ponds. I do like these horizontal wells.

Oh Yeh, and then there is that massive project that we have over at west Newton. They believe there are many more targets on that licence also.
RNS please.

Looks like the resident de-rampers are getting very concerned. I have to wonder if they are locked in some where else and can't get in. Take no notice of their attempted lies.

At least that bad weather is out of the way. Lorry drivers and fitters will be in a better circumstance to do their work. There seems to be a window of opportunity here to get mobile. Plus we are now through Brexit more or less. News could land literally at any time now. Bring it on.

When they are in a position to do so.

So looking forward to the RNS. Any time now. We know this going to go absolutely mental as soon as it lands, or the first trucks are spotted 0.20 + I think to start. Although the MM may start to move this up before then given what is already known. Must be close now after the update. Looks like just waiting for the the nod. Watching for that red dot. Past due imo.

The Gas is worth more than this alone. I think I am going to have to take a few more of these. If you can't beat them join them.
Very undervalued.

Very frustrating to see people scooping up the stock at a a price below what the majority of us have paid my (self included).
I feel we are now terribly disadvantaged as these people buying in today will be able to sell their stock at a substantial profit before we even get to 0.30 + criminal. How ever good to see this uptrend forming. mmm

Hi SneakySimon. Yes I believe you are quite right. It is a buy. Long day.

84,500,000 million sell and still the sp rises. impressive !!!

imo RE: fund raise last November. The delay may be ongoing investigations buy the authorities/powers that be into all that transpired to disadvantage the share holders on the register in such a way. Once/if those investigations are complete, we may or may not get the go ahead to proceed imo. Could the proceeds from that fund raise have been frozen. It would be understandable. This has become all STOP !!! I have to guess as to why.

It would be wonderful for UJO to begin share buy backs and remove stock from the market once the profits from Wressle start rolling in. With a portion of the monies at least. I think that would give a very positive signal. No need to consolidate with our new found wealth. In our position of financial strength a traditional consolidation just isn't a necessary expense/gift to brokers. Let us cancel portions of the shares, we are a cash rich company in relative terms forward looking.
We will also have WN to flip ultimately or even some income from oil/gas sales before the flip depending on how things are engineered. We have other assets producing also plus other prospects to develop with the balance of monies after we start to cancel stock and pay are GA. When we get the NPV10 for WN that should really push up volume and the liquidity.
UJO is a different proposition now imo. If we want to have less shares in issue we will simply buy them back and cancel them out imo. We are in a very enviable position.

I believe as many do the production licence for Wressle bodes very well for the industry on shore U.K. Great to know we have all that Gas at WN-A1 and A-2. So looking forward to the EWT re commencing at the A-2 site to test the oil. Plus the upcoming B-1 and B-2 wells. Good to know our fuel is welcomed here in the U.K. and that production licences are available. So much work done/already discovered hydrocarbons at WN licence.Lets get these next steps underway. Just need that RNS and it's back to business.