Member Info for RNSTranslator

It's called assessing the past performance of folks encouraging you to invest.
It works well with management teams too!

Quotes from our resident ramper at the end of 2020:

"November is going to be the one we have all been waiting for. 2p/3p (£4/£6)? .... Lookin' Good imo."
"2021 will be a very special year for holders."
"In my mind this has been a successful year for Union Jack with the foundations set for some very exciting and prosperous times for us shareholders and the management in to 2021."

Predictions for 22 Heid.. will it be "very special" again??

"For a company with a very small cash spend, the BOD have done a sensational job to date.I’m all for subjective criticism when relevant but not on this occasion"
Do you mean the RBD Bod or Corallian... now pretty much one and the same as one controls the other.
RBD has raised £50mm and they're worth £12 at a pinch - if they were still fund managers they'd have been moved on a while ago.
As for Corallian, the history of actual delivery to date is less than stellar after Wick, Colter which became Colter South after drilling in the wrong place, Dunrobin, Curlew (remember that?), Oulton, exactly what options do you see other than a sale of Corallian in its entirety?

I think the only ones 5hitting themselves are those who bought at 40/30 and even 22p who bought into the rampers I’ll informed garbage about £6 £3 and £1 a share eh Heid.
After this amount of testing they will have a good idea of the pressure decline curve… until that’s known the recovery factor cannot be calculated…so it’s all p!ss and wind from the rampers… re posting an RNS doesn't change it…

The update also cleverly disguised a 6 month delay.
FDP and FID approval was scheduled for end Q2 22.
Page 14 Victory presentation. It’s now at the end of 22.
So first gas is spring 25 on the current schedule.
Obviously they need to sell C, the issue will be the price (cash or shares?) and who has a balance sheet large enough and the technical ability to develop it.

Not far off, starts with an M...

"Whose Tarzan then ?" He doesn't belong to anyone, he's fictional.
If you meant Who's Tarzan?, then it's a fictional character brought up by Apes, wears a loin cloth and swings from tree to tree, as characterised by Edgar Rice Boroughs.

You don't have the first clue what I drive ... making it up as usual.

"Bramhill and his Mrs Jayne day trip to wressle heid is Jayne bramhill"
Thats gonna be cozy in the 911" (its on HP tho')

Well they've got rid of that Cassiopea crowd as their PR/Media advisors.
Novus are the replacements, although they don't seem to be mentioned on some recent RNS's.
An interesting bunch, the team there is:
Al Green- Co-Founder of Share Crazy who he sold out to the one and only Winnifroth
Zak Mir- Known Associate of Winnifroth
John Brennan- Founder of Hoodless Brennan.
Trevor Coote- Major shareholder (associate of Brennan)

Then you have your head in the sand where UJO is concerned.
This share price won’t really move until the CPR is published. ad hoc flow rates over differing time periods with differing choke sizes and counting the gas as boe is just an attempt to support the price following failure to deliver on WN. What is needed is a detailed evaluation of the pressure response which the CPR will have access to so they can calculate ultimate recovery, I’d expect an increase in recovery factor assuming nothing untoward with the pressure decline… as I’ve said before it’s now cash on delivery.

Jiff:
The OGA must approve the development plan, and that it maximises economic recovery not initial production rates
The OGA say this:
"The OGA's acceptance or rejection of any Field Development Plan will, therefore, be on the basis of whether it is the optimum development in the light of its objectives"

How do you get "nearer 1000bbls/day" into three tankers?
The OGA will decide what is a sustainable rate to maximise ultimate recovery, not David or you!

"90 Dollars by end of the year" and a predicted share price of £6.
and "1100 barrels per day"
Not really looking like it is it ?
$75 - 14p and 650 bbls/day might be closer to the mark... accurate predictions are not really your forte are they Heid.

"Two million dollars incoming ..simples..from Wressle.."
and £2mm going out...

"At US$70/bbl, we estimate Wressle-1 should deliver ~£3m of cash flow to Europa in FY22, providing a solid underpinning of its valuation and allowing management to advance other growth opportunities within the portfolio. At US$60/bbl long-term Brent, we value Wressle-1 at 0.8p/sh. "
So if Europa make £3mm cashflow UJO will make £4mm (less Calmars £2mm in the first year)
They value Wressle at 0.8p/share £4.5mm so UJO's share valued at £6mm
FinnCap are Europas brokers.. so they will have run this by the company for confirmation rather than "made up" numbers like Heid....

“ "Everything good comes to those who wait."
I’ll take that as an - I don’t know.
If you don’t know how can you profess to be anything other than an uniformed cheerleader.
So as you're so good at telling us what the revenue will be how long will it produce at 1000 bbls/day you must know if you’ve calculated the revenue..or is that something you just plucked out of the air too?

“I go nearer the 1000 BOPD mark - plus or minus a few”
For how long heid? How many days/months /years will it flow at that rate?? Go on you’re the “expert”
What’s the pressure decline?, until they tell us that it all just speculation and arm waving from clueless rampers…

Now the rampers have finished their morning hyper hype, there is actually some new information to be gleaned from this release.
666 bbls/day over the last seven days, rather than the instantaneous 844 bbls/day. Not dissimilar to EDR and EOG implied 600-650 bbls/day for 22.
The conversion of gas to boe is a meaningless number , as 1) its being burned and thus is a cost not an income stream 2) The energy value will based on gas volumes (not boe) to be eventually converted to electricity.
On the finance side its now possible to calculate how much they spent in H2 with the WN, Wressle and overhead.
30/6 they had 4.67mm
23 Sept raised 3.00mm (no net number given so fees must have been paid in shares?)
19/8 - 27/10 they generated 760k ($1mm) assuming the same continued revenue generation of approx £11k/day then
28/10 - 16/12 they generated 535k (This fits with the comment about next revenue milestone, $2mm, in early 22.)
Total Income 8.96mm
Total expenditure H2 £2.90mm
Leaving £6.08mm

They still have to pay Calmar £2.08mm leaving a basic free cash number of £4.6 mm (inc accrued income of 600k)
They also state their NAV of 20mm, an interesting return on investment in light of the fact they've raise more than 30mm.
Also interesting that their own calculation of NAV is just 17.9p a share, an interesting admission having just raised at 22p...

Always happy to point out what the company has actually just published...

As an attention seeking narcissist you probably need to think they followed you for your “expert” advice… other options are available.