Member Info for RNSTranslator

Sorry meant Croq.

Crow
As a director you can’t just exercise your options for quick profit. You can’t sell if you have insider info, and markets will need to be told when directors sell… and they usually don’t like that. No his options weren’t about to expire…

“When Mr Godson, chartered accountant, for @UnionJackOilplc with 40 years’ experience in the provision of oil and gas related services to energy companies, buys 392,058 shares.”
Wrong again - try to stick to the facts and actual read what they publish.
Godson already owned 242,058 shares, he hasn’t just bought 392,058.
He’s simply exercised all his 150,000 vested in the money options at 22p.
Tells me a special divi is probably going to be announced.
Option holders don’t always benefit from a divi, they’re not shareholders, although sometimes the option agreement reduces the strike price by the divi- but we don’t know if that’s the case as it’s not been published.
So Dave has 600,000 options vested at 18p, is he going to pony up £108,000 to exercise? To date he’s been a bit reluctant to put his hand in his pocket to buy shares.
Come on Heid must try harder - you continue undermine yourself by posting stuff that’s not true..

“Saltend will convert natural gas into Hydrogen “
Yes that is the plan, but as I said-
It’s called blue hydrogen, and it’s currently more expensive to produce than green hydrogen, unless the price of gas falls. Do you actually read and understand what I post, or do you just want to disagree or don’t understand or both?
Whilst the price of gas remains high, it’s actually cheaper to burn gas for power and capture the co2 for sequestration, rather than convert to a product which is not price competitive with green.
This is not misleading, it’s reality.. something you have little grasp of.

"..anyone positive on it"
If you're positive on it then stick to the facts, it can't then be argued with.
When comedians like Head spout stuff that can be easily refuted or shown to be wrong, its actually counter productive.
I stick with what I've said before, show us the GC report and we'll likely see a shareprice increase, perhaps to the upper 30's or low 40's. Trouble is everyone will scarper as they head for the door.
Insti's will not be interested in a micro cap oiler with a history of serially disappointing, and who will be buying back shares.
A divi is not sustainable as the current proven asset base cannot deliver over the long term to maintain it.

“ Of course they will take our gas to Heid-drogen”
What gas?
Is this also theoretical/conceptual hydrogen?

Blue hydrogen (hydrogen made from gas) is currently more expensive to produce than green hydrogen (electrolysis of water using renewable power from wind farms) due to the price of gas quadrupling and more…
You can’t have it both ways, if gas is expensive then green hydrogen will be produced instead of blue.
Fact…

He dyes it (Just for men) - fact.

“ Well, I feel it in me waters,”
Yes I thought you were taking the p!ss.

So you define success as a 50% loss in shareholder value?
So what does poor performance look like?

Current mkt cap 27mm
Mkt cap at £113mm
Difference £86mm
So Heid where does the £86mm come from in the next 6 months?
That’s £14.5mm each month in currently unrecognised value.
Let’s be honest , you can’t justify £1 can you?
It’s just a made up number with no real supporting evidence.

TAC
Everything you quote as upcoming is known about.
A WN CPR is just a theoretical/conceptual work, until the field actually flows real gas rather than conceptual gas it’s irrelevant- that answer is next year.
Yes the Wressle R&R report will make a difference but where is it?
Everything else is known, $1mm a month, no placing, potential divi/buy back etc etc blah blah..
So why is the shareprice down from 30p and falling?
Simply pointing out what we already know isn’t an answer, it’s not even an excuse, so why, in your opinion is it going backwards?

TAC
Thats why I said invest in generator suppliers, or didn’t you read that far??

What makes you think the civil service leaves major critical infrastructure planning and war gaming to amateur, populist, here today gone tomorrow, politicians.
They don’t.
The entire industrial complex that uses gas will be shut down before the first residential customer.
Switch off residential power for 12 hours and you effectively switch off their gas usage.
It’s not rocket science.
Although beyond the ken of some on here.
So Heid /TAC how do you add clise to £90mm to UJOs value in less than 6 months..I say it’s not possible as there isn’t that much inherent value in the producing asset base… what do you say (without using the words “I am confident”)

Yup
Obviously Heid would rather you didn’t hear the facts that don’t align with her irrelevant diatribe.
Residential gas customers cannot be rationed-fact
Industrial customers can, some volunteer to be interrupted in return for lower prices.
Electricity rationing will be done in a strict order:
Industrial (non critical) users first : A power cut at Wressle will stop production. Fact.
Residential second.
Of course if the power is cut to residential customers you can’t run the gas central heating even though the gas remains available, so it also has a secondary effect on gas demand. (Invest in generator suppliers)
It helps if you know how the government has planned to deal with these things rather than spout endless macro economic guff, and sensationalist nonsense.

“David has the upmost respect for shareholders.“
Of course he does after 13 years of salary and a shareprice that has halved over that time.
If he was running a fund he would have been let go 7 or 8 years ago. Not given increasingly larger pay rises and option packages.
£1 a share this year is simply laughable.
How does the company add £90mm of further value in less than 6 months in a world of windfall profit tax? perhaps Heid and TAC could explain their maths?
Why will I not be surprised when they can’t…

“Good for David earning his salary, he works hard enough as do the rest of his team that support him.”
And how much has he and his team been paid in that time, by the shareholders and what have those shareholders actually received in that time?

The WN presentation which post dates the AR.

If you read the WN project update they say
“predominantly natural gas with associated hydrocarbon liquids”
They also state modelled recoverable sales gas of 203bcf with total hydrocarbon recovery of 35mm boe.
203bcf is 33.8 mm boe. So the liquid component of Total recoverable hydrocarbons is 1.2mm bbls.
Their figures, there is no additional “oil” leg to be produced in addition to this.

“but they’re not the initial focus of the development. It’s not difficult to understand.”
Clearly you don’t understand., WN is principally a gas accumulation there is no oil just gas and condensate, which becomes gas and NGLs as it’s produced.

“The oil is still there, but this is going to be a gas development, at least at first.”

No that’s not correct. If you read the report carefully and compare the in place numbers with previous ones they published , it’s self evident that the “oil” is in fact a condensate which produces primarily gas with some associated liquids.
The last figs they put out was 50bcf of gas, it’s now gone back to the original 200bcf or so.
So the potted history is this:
1: it’s gas
2: it’s gas and oil
3: it’s mainly oil with some gas
4: it’s mainly gas
Hardly confidence inspiring .
Until they demonstrate it can actually flow at commercial rather than theoretically or conceptually flow there is no value here to anyone else. That’s a year away…