Member Info for RNSTranslator

Kwasi can say what he likes, it’s not his decision at the end of the day, is it Heid.
All UK oil and gas producers are tax ring fenced. It’d be easy for the Treasury to tax fields at a higher rate that have been in production and where the investment has paid out and tax new fields at a lower rate to encourage investment in new production for security of supply. The Yurt dwellers can shout all they like… stopping fossil fuel production in the UK would simply be an act of self harm on an unparalleled scale and the Treasury have the tools they need to deal with it…the longer prices stay high the more they will need to tax what the general public see as excessive profits at a time when they can’t pay their energy bills. If you want to discuss the political/fiscal ramifications of oil and gas prices on this company best look at the UK first and not just guff on about the macro global issues.

And of course he wants more Royalties, despite being told no last time he tried…he also said this today:

“During the period the Company has been in direct discussions with Repsol Sinopac and the other royalty holders with a view to advancing the potential acquisition of further royalty interests and accelerating the payment of the amounts already generated.”

So: is it we’ve got enough time to hand back capital or is it buy more assets and royalties…??

TAC said “The bit where DB confirmed they had enough good assets to concentrate on with the cash and no intention in buying into anything new?“

OR the bit in the RNS under strategy where he wrote this
“..the Company's management expects to continue to use its expertise and cash resources to acquire further licence interests in the UK over areas where there is a short lead time between the acquisition of the interest and either exploration drilling or initial production from any oil or gas fields that may be discovered.”

Consistency not their strong suit is it…

It was simply factual and it seems most folks agreed.
As you say, Hopefully kept you both entertained.
You’re gonna have to engage with reality at some stage as your credibility is pretty shot, I’d say.

It’s not a CPR is it Heid.
It’s a Reserves and Resources Report…read the RNS rather than the script you’ve been given…
So you are wrong - fact.
Do you know the difference, or do you prefer not to say?

Heid can’t help themselves but enhance the information in the RNS.
“ The upside on the Pennystones is more than they believed. This tells me the partners already know the Pennystone CPR ”

They actually said this:
“…*****tone Flags reservoir where detailed work is underway to develop the material Contingent Resources of 1.86 million barrels of oil equivalent..” this is the number from the previous CPR, so quite why it’s more than they believed who knows hey Heid.
They also state what the RR Report will contain and there isn’t a revised CPR for the Penlstone Flags Reserves, just a production profile. They said “ Generate an indicative 2C production profile for the *****tone Flags reservoir”

So quite how the partners know the result of a *****tone CPR, when there isn’t one is Heids typical spinning if the facts…
Perhaps if Heid actually read the RNS it might help, rather than just make stuff up…

“where's RNST?“
I’m here…missing me? - bless!
Nothing new in the results.
The only bit of worthwhile info was in the video, where he talked about Gaffney Cline. “Into the lions den” he said.
Quite, those guys won’t take any BS from management (unlike some others) and whatever they deliver will be credible. He did mention decline rates. So my take is there’s an ongoing discussion with GC about decline rates and economic cut offs to determine reserves. Suspect it’ll be upgraded.
Interestingly they re published the old CPR P50 numbers.
Until we get sight of the Gaffney Cline report it’s all same old same old.. can’t understand why he can’t say approximately when it’s going to be ready.

I'm sure all those that followed the "advice" are well chuffed !

Credibility, what Credibility??

28/July 2020 .275 (55p)
(PS. Don't forget my 3p (£6) plus prediction, Cadburys are nice, )

24 Aug 2020 0.26 (52p)
West Newton B gives us the goods I see hello 2p (£4) by February and 3p ( £6) May when we flip the license.??I will not sell a single share and hold for Biscathorpe cause then I know this is going to be hitting the 4ps/5ps (£8/£9) then.

20 Nov 20 0.15p (30p)
My 3p (£6) prediction is for those looking for a real investment here.??Sticking with this unfolding story over say the next 18 month to 2 years.??Oil and Gas does not happen over night and you have to expect ups and downs but in my mind the locations of all UJO assets are in great locations with huge potential .??I believe also that their is a great team with all of the partners involved here and that will become more evident as they work together across all of their prospects.

You wish….!
Lmfao.

Don’t really care if you value my comments or not.
One of us understands what we’re talking about and one of us doesn’t.
I’ll let other folks decide for themselves which is which.

In your mind maybe, but not yet in reality is it…?

“…RPS Group, who are a renowned global company in this field”
what? the same RPS that told the shareholders of HUR that the OWC was at 1600m only to later discover it was at 1300m… turning a “multi billion” barrel field into one that’s hardly able to wash its face?
Oh, well that’s re assuring to know.

“Not misleading the board 'again' then”
I’ll leave that to you and the other rampers.

I find sticking to published facts much easier.
Interesting you always presume non positive stuff is false.
Need to sharpen up if you want to be taken seriously about oil and gas valuations.
Best stick to oil futures, even you know that that are directly related to oil price, unlike some oil shares. Eh!

Not my words, The quote was from a UJO RNS approved by Mr Bull…
And your point is?
Mouth - foot..keep practicing.

“ The biggest unappraised well in the UK ”

The formation has very low porosity and would not make an effective reservoir.

So I presume you’re not wanting to comment on how your £1 per share is made up?
You just “believe”.., based on a number you plucked out of the air…

Your economic analysis is poor.
£1 per share would be a mkt cap of £112mm or $150mm.
Even if we ignore tax, opex, further capital costs (drilling wells) overhead and the time value of money-
PStone has 1.5mm bbls of P50 reserves (50% probability)
2bcf of Gas that’s 1.8mm bbls at $100 per bbls that’s a gross revenue of $180mm times 0.4 is $70mm.
Add in Ashover and you might get to $90mm.
How can that be worth $150mm, having ignored all costs, time value of money and taxes??
WN 4 wells still no flow.
Biscathorpe yet to find a producible reservoir.
Perhaps Heid could enlighten us how you get to a company value of $150mm?? With actual numbers !

And in response to my last question as to why you think the share price is 27p when it was 36p in January 2021, before Wressle started producing and the price of oil was much less?
What is your response to that?

I have you down as a blagger Heid, TBH