Member Info for reaction

The Share Options have an exercise price of 0.265p, being the mid-market closing price on 18 July 2019.

The vesting date is 19 July 2022 and the exercise period expires on 19 July 2029. The Share Options can only be exercised if the share price is at a 30% premium to the exercise price.

Following the grants of the Share Options, the Directors' interests in the Company are as follows:

The share options to the directors is fully justified to say the least. Of course makes no impact on the SP what so ever until they decide to exercise them, at that point shares to the value of the amount they exercise will be created and issued into the market. Yes please ! bring it on !

Nice little test of 0.25 support here. Getting ready to move up to that 0.40. An opportunity for a top up for those willing and able imo. 0.25-0.40 clear blue skies. Classic.

once in a life time/50 year opportunity . D.B is quite right with all of the infrastructure and facilities so close by, it couldn't get much better if W N had been planned in advance. An inexpensive spur line from the well head to one of the close by processing plants and we have gas sales very quickly. https://www.google.co.uk/maps/place/Dimlington+Rd,+Hull/@53.6559949,0.1150381,3a,37.5y,295.14h,87.53t/data=!3m7!1e1!3m5!1sFqIUH9Tx3N6ACexMiBcgAg!2e0!6s%2F%2Fgeo2.ggpht.com%2Fmaps%2Fphotothumb%2Ffd%2Fv1%3Fbpb%3DChAKDnNlYXJjaC5UQUNUSUxFEiAKEglnA1Gp8CPWRxGGW4QQnZDwTCoKDQAAAAAVAAAAABoECFYQVg%26gl%3DGB!7i13312!8i6656!4m5!3m4!1s0x47d623f0a9510367:0x4cf0909d10845b86!8m2!3d53.6559674!4d0.1150184The general consensus is that this gas cap is much larger than the CPR originally suggested. The size of an off shore field onshore virtually ready to go as soon as the EWT is concluded. And in the the right area for all infrastructure and planing. "BULLSEYE".You couldn't make it up. That of course is just the gas element at W N. With full field development who can really say how high our SP will go, and "IF" the oil should be in commercial quantity and recoverable then ............? Looking forward to the EWT.No wonder every man and his dog wants in. I don't blame them. Looking forward to a blue day. So many catalysts to spur this forward.

This is a win win for UJO and it's shareholders. Development of our many assets or a very possible take over. Marvellous.
What a truly wonderful position to be in. Absolute gem !

https://twitter.com/croasdale01/status/1148312619499040768
"On site storage of crude oil during well testing."

I particularly like this extract from the notice and believe it can have no other meaning than the ordinary one.
"On site storage of crude oil during well testing."

We already carried out the drill and met with unexpected success. The gas may well come in above expectations also. The drill is complete as per RNS.
Sorry for those that may miss the boat here. Don't worry this is way way undervalued just on the gas. Happy days. Let's enjoy it.

The application was really a given as the perimeters of the test have since changed due to the liquids that are NOT water and are to be tested ! Understandable and logical they now need Oil storage. Very happy.

You know it could be argued that the operator is actually quite over weight on the project, And I don't think that UJO would be disingenuous with an offer for any % they or others may wish to sell.

I have to say I am with DB on his thoughts, and also wish we could get some more of this. I just can't see any of the other partners selling any of it to us at all. There is just no chance is there. Think we just need to be very grateful and rejoice in what we have got. Very happy times ahead.

With regard to D.B.
https://www.youtube.com/watch?v=SvCyFHWBUlc
VIVA UJO.

Would be good if results RNS is issued today/ tomorrow. Good to see all partners confirmed as fully funded. I don't think there will be many sellers as the placing shares come onto the market. On balance more likely to be more buyers.
Once in a lifetime opportunity. Core results any time now. The gas on it's own will do. But if we do have Oil and it is recoverable even better. Just have to wait for news.

I'm so excited.

I referred back after reading scratchthatlast post @ 15.53. The connection should be apparent. I do not keep referring back to N/R. again his name was brought up in relation to the aforementioned post.
I certainly do not keep spouting dilution.
You seem to have a miss perception.
Hope that helps.

I remember N/R emailing me telling me how accretive the Helium project would be. As I said at the time it was an accretive liability that we could not afford at that point. We should have held fast until Ruvumma started to pay us back. It was all just "I'm gonna spend spend spend"and he did. The rest is history. He made a lot of money along the way though. And was able to buy a good position on Solo. I want to be a director.

I believe it is a fair conclusion that they are on the cusp of further dilution. Let us hope it is not to substantial in a very broad sense. The flag has been raised imo. Perception and interpretation are a funny thing. We can but read between the lines and base our thoughts on vast experience in Solo oil. I know what my thoughts are. Time will tell.

So reading the RNS they are going to do a placement but try to keep it to a minimum. O.k I guess you can't buy much for under £3 million. Where did the other £4 million go ? Thought we had £7 million cash on hand.
I just wish they had done as I suggested ages ago and de-listed/ hold the assets in trust for the express benefit of the share holders or simply suspend the stock for the same reasons. Why oh why do we have to keep on paying all of these directors wages out of are investment. What is worse we are now paying them in shares ! also. Plus we have paid out millions of pounds for some very dubious assets. Where has all our money gone. I mean really where ?
Peoples pension pots and life savings.
Why didn't they just suspend the stock for the absolute benefit of the share holders until the Tanzanians were ready willing and able to issue a licence and take supply of the Gas. We had it absolutely made. All we had to do was suspend the stock. Why all of this ridiculous pay out in wages and fees all the time. And now here we go again.
This is bonkers. Whats going on . Can I have a job like this . This is bloody ridiculous.

Now let the market cap speak for it self. Think you have missed the point entirely. Shares in issue is not the bottom line ,it is the value of each share/market cap.

It is a real sign of confidence that they were able to raise at 0.17. As many posters/investors have pointed out , when UJO / DB raise it is to move the company forward not just to keep the lights on or chase rainbows. We now have a much larger multiple zoned asset to test. This is the real deal. On wards and forwards. Now we should start to move up, and from not just a higher base but a much stronger one. viva UJO.