Member Info for RNSTranslator

So Heid answer me this: From the first planning refusal to start an EWT how long did it take to get planning permission to produce oil?
Was that one year or was it three (or more)?
The well testing was done in 2015, first oil 2021, 6 years in-between, what stopped them producing in that time?

Heid Says "The facts are, we were refused planning for Wressle. Move forward to today and we won the appeal."
11th Jan 2017 "Egdon Resources plc (AIM:EDR) announces that the North Lincolnshire County Council's Planning Committee has today refused planning consent for the development of the Wressle Oil Field at Lodge Farm, Wressle, North Lincolnshire."
13th May 2020: "Union Jack Oil plc (AIM: UJO), ..... notes the positive announcement made today by the Operator, in respect of the Wressle hydrocarbon development on North Lincolnshire licences PEDL180 and PEDL182."
whilst it may well be overturned: It took over threeyaers at Wressle Heid!

Dividends can only be paid from distributable reserves and technically cannot be paid if there are accumulated losses.
At the moment UJo have accumulated losses, so there will need to be a capital reduction (RBD did this a couple of years ago)…

“ The gas at West Newton could play a role in Boris's ten point plan which includes CCUS an Hydrogen”
What 10bcf of WN gas (which has not yet flowed) is the equivalent of 1 days UK winter consumption.
And will require 13 to 22 new wells to produce along with 10mm-13mn bbls of oil (also not yet flowed).
WN is irrelevant even if they actually get it to flow…

“You can see quite clearly when I said 10-12 million, it was an opinion. “ so in “your opinion” where do they achieve an income steam of £12-15 mm ($15-20mm) per year from in the next year or so? That’s 700-1000bbls/day net to UJO.
And what is the cost of achieving that in terms of drilling development and production costs, within the next year or so?
Where are these proven licences with proven reserves?
Until a new CPR is published the only proven reserves are between 100,000 and 240,000 bbls net to ujo -
The other reservoirs require a new well $$ , (as per Egdon) and those reservoirs have yet to demonstrate flow rates over 140bbls/day… Biscathorpe has yet to even find a productive reservoir let alone one that will flow, drilling next year sometime, maybe.
So Billy Big Balls where “in your opinion” is all this production going to come from in the next year or so? Simply repeating something over and over doesn’t make it true you know.. kids usually learn that at an early age…

"I have never posted anything here that has not been taken from official RNS's"
So point me to the RNS that said £10-12mm per year from proven licences in the next year or so....
Billy Bullsh*tter ...

TAC more utter guff:" With the ability to increase oil from proven licence areas, there is no reason for UJO not to see 10-12 million pounds annually within a year or so"
What Proven licence areas? What ability to increase oil production from where?
£10-12mm pa really, how many barrels per day is that ?
If you want to make such outlandish ramping claims explain where it will come from "in the next year or so".
I challenge you...

Blah blah blah…just turn down the noise aim…
Nobody cares what you say, the shareprice tells them all they need to know.

Aim
Keep polishing the T*rd. But you know at the end of the day its still gonna be a T*rd and not Aladdins Lamp.

As I say, maybe some folks can spot a dog or dogs at 400 yards, maybe some can't..
Peddle your delusions as much as you like, I guess it avoids actually having to face up to or debate the real the issues. ...You may not like what I point out, but on the whole I'd suggest its on balance been reasonably correct.
Even an idiot can see what the share price has done over the longer and medium term on these shares.
Non of these have delivered, they've all promised transformational activity and shareholder value, and non have ever delivered, a simple fact even you can't fail to see...
AIMs motto: Detract don't Debate

Aim
You appear to be deaf or don't listen.
I'm not oilman Jim, indeed I would not recommend anyone subscribes real money for his pearls of wisdom, and general guff.
I'd also say the same about other public commentators who are simply paid promotional mouthpieces.
Or folks who want to make money by telling you "secret" stuff that's not inside (nudge nudge) or is simply made up to fit a agenda.
That do? ... or are are you still trying to add 2+2 and telling everyone it equals 7.6...

Corallian have just published an updated shareholder register:
Of the 989,439 Corallian shares bought by RBD for 469,000,000 RBD shares, just 6 of the 59 shareholders accounted for more than 80% of the shares sold. Just three were almost 60%. Less than half actually participated.

The price of of RBD between the offer and closing averages about 0.7p equating to £3.28mm worth of shares, today worth under £800k. It could be presumed then that the selling post deal was down to 4 big holders selling, as they held about 340,000,000 shares between them. The only two Corallian Directors who are also shareholders. (Hindle and the Chairman) also sold down
So it also begs the question:
How are the members of management team incentivised if they're not shareholders, and the Chairman and Hindle chose to reduce their holdings. It must be either be a cash bonus or more likely options... so how many options do the management have .. what will the dilution due to options, this is key to understanding the value attributable to RBD shareholding when its sold...

Perhaps we can both smell the fish...
All three have destroyed shareholder value by promising the Earth and then delivering Uranus.
I think your angry because you simply want a forum to promote your underperforming shares to the masses...and you're upset that folks come along pointing out the flaws in your promotional guff.. and of course just happened to have been correct... (now I know that's really annoying)

No of course they never illegally mislead, that's what NOMADs are for...
They just seem to get it repeatedly wrong...
"The initial results of the WNB1Z appraisal well exceeded our expectations"
"the Joint Venture participants hold high expectations for a successful flow test."

No flow, in place hydrocarbon numbers reduced by 75% Gas, 25% Oil
RBD publish paid for research suggesting only 8-14% recovery factors, based on their analogue fields...9-14 mm bbls recoverable gross... IF they can actually make it flow... so Heid tell be about the biggest discovery since 1973??

and I've also noticed RBD and UJO have now stopped referring to that "proposition" event you?
Why do you think that is Heid... is the Devon air getting to you?

I'm suggesting that WN is not the biggest thing since 1973, and that at least Barry White was at least closer to the truth...
In terms of misleading shareholders perhaps they've already made that judgement for themselves.

TAC
As I said yesterday I'm not Oilman Jim, telling folks the bleedin' obvious and giving "advice" to mug punters for money is not my bag...
Why? Simple, I can't stand rampers misleading potential investors into buying stock for their own self serving purposes by spouting falsehoods, half truths and misleading "facts"... I mainly post what the companies say themselves or is published by others... if I express an opinion then I'll own it, if its wrong i'll admit it... perhaps TAC you should try and engage in reasoned debate rather than try to sucker some gullible punter into a share you've lost money on in the deluded hope it'll get the price up for you so you can get out ... (That last bit was of course my opinion and I definitely own it).

"I have bought. Joe O Farrell has bought.
That's my answer to you RNSTranslator."
You know that's not the answer don't you?
People are selling because they don't believe the story anymore, only a few folks are trading the spikes.
A million dollars in income, who cares, seemingly nobody want to buy.
The next real SP move will be on the CPR, hopefully on Wressle ideally before more "analysis" on WN (To be renamed Barry White to avoid prosecution under the trades description act)

In the spirit of the Blitz, and recognising further news on Cali, Corallian and WN is some way off, lets set aside our differences and talk about what Corallian is worth... and how that will be both reflected in the share price and ultimately make its way to the shareholders?
So who's going first...?

"Who crashed the share price here ? "
Thats simple, the shareholders did.
They spent so long waiting for transformational events, got fed up with leaked placings and "the biggest thing since 1973 "(other than Barry White obvs.) that never actually arrived that they've sold their shares.
More selling than buying means the share price goes down...
The question of course is WHY are they selling Heid if the future is so fantastic for Dave and team??