Member Info for RNSTranslator

Well Heid.
Seems it’s windfall tax time tomorrow.
Remember the 19th of March when I posted this and you told everyone there wouldn’t be a windfall tax…”Kwasi said so”

“ That political reality simply means that a SHORT TERM windfall tax on oil and gas producers is inevitable as the voting public will simply not tolerate average fuel bills of £3k and oil and gas making super profits. A short term hit will not be welcomed by the industry, but expect this to be sweetened by longer term tax reductions to encourage more homegrown production in the medium term.”

Heid
I don’t claim to…
Maybe read what I post, rather than your usual “that’s wrong” instinctive response.

“You can't mess with the dividend!”
What Dividend?
How do you know it’s not going to be a share buy back?

“ My Union Jack Oil “
Didn’t realise you were such a big shareholder.
Time for a TR-1?
Presume you won’t be selling until it reaches £1?
In my opinion Most of us would be selling as much as they can at anything over 40p. Presume you’ll be a big buyer then too?

So you mean total revenues net to Union Jack’s share of production. Simple yes/no responses please.
is that before Opex ?
Is that before G&A?
Is that before other capital expenditures?
Is that before tax?

Is that just from Wressle/Ashover and Wingfield or does that include Pstone production in 2023 and if so from what date?

So please explain to us all what “$25mm net reserves/year” actually means?

We’re waiting Heid.
What are “net reserves/year”
Or is that another “typo”

And exactly what are “net reserves”??
Do you actually know…

Until we see the Gaffney Report which is ominously “in due course”… we know nothing more than they’ve told us.

“I easily see £20-£25 Million / year for Union Jack Oil from then onwards...even higher.”
I’ve read some nonsense on the boards from uniformed dreamers, but this takes the biscuit.
£25mm a year at $100bbl for 2023, would require Wressle to produce 825,000bbls a year.
Currently the company has said that they expect Wressle to produce 310,000 bbls from the original start of production to the end of this year.
That’s half of the recoverable reserves from the Ashover and Wingfield.
Leaving 310,000. Adding in the PStone at 1.8mm boe (which needs a new well and permissions, and to date has only flowed 140bbl/day) so Heid is telling us that next year Wressle will produce all the current certified reserves in the Ashfield and Wingfield and over 500,000 bbls from the Pstone. Not forgetting of course tax currently at 40%, as they’ll have used all the tax pools…
Utter garbage.. if you want to ramp a share then you need to base it on some vestige of reality not a Hippy Trip.

You know something TheAimCasino
Your only agenda here is to sell dreams to any potential or existing shareholders that read the bulletin board and your reason is quite financial . That much is obvious.

All you ever do is look for something you can twist into, or suggest is a positive point, ignoring all the negative data completely. Never a negative comment, not even on the company's lack of transformational progress from where the shareprice was a year ago.

However you may view things, you may be proven incorrect on the future here and even the near term future.

The facts (many published by the company) far outweigh anything you can fluff up, they actually counterbalance your views completely.

It must be quite disturbing for you that after wasting years trying to make money from this company, it is now rising above your capabilities.

Maybe time to move to another little oiler where you can spout your fluff and cause over excitement and the promise of transformational outcomes ?

If it’s going much higher buy oil futures, at least you know your return is linked to the oil price, these shares however appear not to be.. how do you square that circle??

“I guess we’ll just have to take your word for that won’t we…”
#mindthecredibiltygap

“ You put down Biscathorpe the other day too - How wrong you are ”
No that’s untrue, I simply wrote what UJo put in their own press release. You attacked it, only to find your foot in your mouth when I pointed out these were the companies own words…
Youre struggling …

“I have every confidence in West Newton & Biscathorpe to deliver”
So
1: either you know something the rest of us don’t?
2: you’re an expert in petroleum reservoirs and particularly the porosity and permeability issues in Carbonates.
3: you just believe what management tell you.
4: you just believe because you want to.
Simple question: which is it?

It’ll get over 30p when there’s clarity in the reserves and production profiles from GC. The million dollar RNSs we’re fine to start with, however they’re now expected and folks are calculating it to within a few days.. of course if they’re down for maintenance, upgrades or swabbing the well (the usual stuff that goes on) then they’ve made a rod for their own back as folks fret why the RNS is “late”.
Best do a quarterly revenue update to smooth out the troughs and peaks.
Once the field is officially producing then the NSTA will publish production numbers anyway.

Translation
Heidish- “I am highly suspicious of anything you post.”
English” I can’t argue with the facts, so I’ll change the subject”

Wytch Farm peak production
110,000 bbls per day now 12,000 bbls/day
Reserves 500mm bbls
Wressle peak production (so far) 800 bbls/day
Reserves 2.4mm bbls of oil equivalent.
Correct it probably is second…lmfao.

I’m not irritated, I simply stick to the facts.
It’s clear that your simply want to move the conversation elsewhere with half truths and personal uninformed speculation.
And don’t or can’t address the real issues that will affect the shareprice…
Reserves life
Producibility at WN and Bisc.
Tax
Investment Credibility

By the way Heid. It’s not 10% is it?
It’s currently 40% (30+10sct) They could easily reverse the cut they made in sct back to 20% so the tax would be 50% rather than 40%. Never addressed the taxation and remaining tax pools issue have you?