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Facts Mr I Facts: not your strong suit eh!
David Bramhill Executive Chairman of Union Jack SP 2013 - 50p SP 2021 38p
RNS Translator: Chief Executive of absolutely Nobody : I think....?

"The 'smoking gun' is the recent ERCE so-called 'CPR'. It's blatant "
If you really think that you are truly deluded.
Bringing in the folks that got it badly wrong to review their own homework, really?
Why bring them this time when they got it wrong last time.
If you took you car for a repair at the garage and they completely fck'd it up are you really going to go back to them and pay them to fix it because they'll freely admit they got it wrong... most folks would take it to a garage with a better reputation for doing it properly , get them to fix it properly and send the other garage the bill....and sue the first one.
For those of you old enough to remember Regal and Greece and the field that turned out not to be a field once the cash was raised: who did the independent evaluation on that?

"...and keep wondering as to how a company with 140 million $ cash and 11000 mmbool production per day is trying to pay their debt 15 months before due date?"
Firstly they're not trying to pay it early, simply test if they are capable of reasonably doing so at the time its due.. Because there are the rules around going concern and liquidity tests for all companies. They must look into the foreseeable future (generally 12-18 months) this is usually done or tested by the Auditor, failure to remain a going concern will ultimately lead to trading whilst insolvent (a criminal offence). So the simple fact is that the net cashflow they expect plus the cash they already have must enable them to settle ALL liabilities that the company has, creditors, termination payments, abandonment costs, staff termination costs and so on. The simple fact is that under all reasonable scenarios they fail the test, and this is not just the Board agreeing to this. You may not like the scenarios, you may not like what is happening, and you may not like the board for getting themselves into this mess, but that is the plain reality..once you are no longer a going concern and in danger of trading whilst insolvent then the Boards duty of primary care switches from shareholders to creditors..that is the law. At this point of course the power all lies with the bondholders and this is the outcome.

Mr I
My comments were principally around Wressle and future funding not WN per se. Which regardless of test results is a drain on cash flow...and will be until it’s sold or subject to further activity, both of which will be determined by the test results . So I’m struggling with your logic that an RNS on WN would make me look stupid... how is that? We all know that testing is “imminent” and the price will spike on the news... that’s got nothing to do with near term funding has it?

Hasiba you really need to lay off the xenophobic and rather nationalistic undertones
"possibly foreign", "profitable British oil company" "possibly foreign identity" (sic)
This is all irrelevant an just undermines any case you are trying to make..

Alavib
Admire your determination.
However, you need to present a reasoned case with evidence of what the actual breach of duty was, or the failure in governance. The judge doesn't look at how many letters there are he looks for evidence of malpractice not insinuation or belief or that the "foreigners" are after our oil. The smoking gun is the RPS report and how it was influenced...

"BUT. That sort of 'take the money and run' approach is not the one advocated and accepted by original shareholders."
Nor is it or would it be allowed by the OGA, because the simple fact is that the oil is technically owned by the state ( well the crown actually) and extracted under licence by the companies. They get to keep the oil in return paying high taxes and in the old days PRT and Royalties...

At least I'm trying to inject a sense of proportion...
I thought they were funny, but then I'm the type that laughs at their own jokes, and folks who don't read RNS's and act surprised when it turns out they were correct......

obv. should have been "one trick pony" in my previous post..
I humbly apologise for my grave error of judgement...

Oh and this one too ... 1 less glass of red!
Best proof yet for scamgate...
Not only is Anthony Maris an anagram of Horny Stamina
McTiernan is an anagram of Cretin Man.
This was all pre planned and these anagrams were not put in ANY RNS or the CPR...
It’s now obvious, just write to anyone you can think of in Scotland or who is a judge somewhere or even the Queen ... it’s now proven, we woz scammed!

Can I try and keep some of my inane postings at the front of the queue too?: From Last night, a bit tired and emotional!

Jeez folks listen up:
Lancaster Field is an anagram of “Faecal Tendrils” that’s a String of Sh*t.... this is a FACT. We were robbed M’Lud .

"Which is about three times more than Premier's Solan field. And essentially from just one well. At a fraction of the Opex."
The difference being that Premier had lots of other fields to cover this disastrous field development. They paid $2bn to develop plus or minus 25mm bbls...
One shot pony companies have inherent single point risk...

"It seems incredible that BOD should wish to authorise the transfer of 95% of the equity to bondholders whose identity is unknown." its unknown to you but not the company or its largest shareholder who had Board representation until recently...

"what happen to people who bought in over 100K worth shares at 2.6P couples weeks ago"
They didn't read the RNS stating that there was likely to be significant dilution or no value for shareholders...
What do you expect to happen?

Sorry did you miss me... ?
"Dave handing out a big spanking" .. really? must've missed that bit. What did he "guarantee" or "promise" rather then hedge his bets with "but you never know"
The well is apparently flowing "ahead of expectations"... what were those expectations?, they're not telling us that are they, everyone thought the expectation was originally 500 bbls/day, then it was 500 AFTER the Proppant Squeeze, its doing "3-4 tankers week" i.e about 100-120 bbls/day (as everyone has already worked out), so iss that ahead of their expectations? which were? A silence on flow rates? why?
Simply because the Calmar payment is due on first "commercial" production, if its being produced on a commercial basis then it's due, if its still on the carefully worded "extended well testing" and "clean up phase" the argument is it isn't...putting out a rate will allow Calmar to do the maths 100*65 = $6500/day , Opex $4000/day... thats commercial isn't it?.
It may well flow at 500/day but even then the revenue and current cash doesn't seem to cover the proposed work programme they've highlighted, £2.08mm Calmar payment, WNB testing, WNA Testing, Biscathorpe s/t, Bisc planning payment, 2 wells at Keddington, another Bigger Claymore Royalty Deal, Overhead and other licence costs... feel free to ignore these inconvenient facts... as I'm sure you will, you don't have to read my posts, they do seem to make you angry, so perhaps you shouldn't...

An exploration/appraisal well flowing at any rate is just pure bllx. The only time these wells flow is if there’s a kick due to unexpected high pressure or they lost control of the well (aka Macondo) a kick is not a flow as such but can be measured by the displacement of mud although that would be a over a matter of minutes, before they took back control of the well and weighted up the mud...beyond that is a potential full scale loss of well control and that would be a matter that would have been reportable...
So either it’s one of these or it’s just plain ramping cr@p.
Take your pick. Perhaps he’s mixing this up with WNA 2where we didn’t hear what happened on testing or WNA1 where there was a well control issue...

Aduk
Nice analogy...
They told you the bearings were wonky last year but you continued to gamble...why get the spirit level out now? Just to prove what they told you was correct.so you can blame them for letting you gamble??

Jeez folks listen up:
Lancaster Field is an anagram of “Faecal Tendrils” that’s a String of Sh*t.... this is a FACT. We were robbed M’Lud .

Best proof yet for scamgate...
Not only is Anthony Maris an anagram of Horny Stamina
McTiernan is an anagram of Cretin Man.
This was all pre planned and these anagrams were not put in ANY RNS or the CPR...
It’s now obvious, just write to anyone you can think of in Scotland or who is a judge somewhere or even the Queen ... it’s now proven, we woz scammed!

Did you know that an anagram of Anthony Maris is Horny Stamina .... absolute proof its a scam and he was brought in just to Fck us over. What other evidence do you need!
Write to Dentons now whilst they still have chance to flip...