Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
http://lincolnshire.planning-register.co.uk/Planning/Display?applicationNumber=PL%2F0030%2F18
MrB. Allowing councillors the opportunity to revisit N Kelsey is a poor effort from Egdon and JV partners. Haven't they learnt from the Wressle fiasco?! In an operational update in 2013, DB talks about drilling Bisc and N Kelsey. 5 years later, Bisc still hasn't been drilled and the partners are applying to extend N Kelsey planing permission to 2020. Meanwhile UJO Share Price is approx 70% down from listing.
Been saying for a while that the BoD's strategy has failed. The landscape in the UK has changed and one does not want to be in bed with Egdon during times of excessive bureaucracy. How's that 'hands on approach' going now? All IMHO.
Holmwood - it's my understanding that the TMP has been 'pencilled' in with SCC for the end of May (not April). North Kelsey - Egdon missed their deadline to drill and have applied to extend planning permission to 2020. So that's well on the back burner now, knowing Egdon's snails pace. UK onshore is a shambles with far too much bureaucracy and red tape. UJO's partners and peers and making moves outside of the UK and who can blame them....
Petty. You are of course entitled to your opinions. You're incorrect with your analysis regarding making a lot of cash from O&G investments. I don't see the need to comment further and will leave you to enjoy your evening....
Rudey. You state that I "slate the investment at every opportunity" I mentioned that a share consolidation would be a good thing for UJO IMO and that the current number of shares in issues is too great, again IMO. That's hardly slating the company. Especially as DB must have also considered this to be the best way forward at some stage previously. Then you follow with false accusations and more insults, is that the best you can do?
Rudey. I've made a lot of money from O&G in my past and will continue to do so. Your false accusations are wasted. In my option 5.8 billion shares in issue is too much, I can't find a list of AIM ranking amounts of shares in issue, but UJO must be near the top. Consolidation would be a good thing IMO. I'll save this post and remind you, if it happens. Just like I did following my correct prediction of the recent placing.
Egdon are wise to de-risk exposure. UJO using half of their cash balance on Bisc is a little risky IMO. Currently 5.8 billion shares in issues here which is far too many. No doubt it'll be cap in hand time following Bisc and Holm drills this year (if all goes according to plan). So I can see a share consolidation happening this year, perhaps before cash is next required. This IMO would be a good thing for UJO and should have happened some time ago when DB floated the idea.....
Rudey. Old boy, you were last seen on here threatening legal action because people's opinions didn't match yours. Now you ask that posters share their holdings with David Bramhill? What planet are you from? Let me guess, it's the planet where everything is only positive, shares only go up, we don't discuss anything that that contradicts this and we all end up �50k down like you?
Rudey. I knew you wouldn't be able to stay away for long. How's your �50k loss doing? I already have a small gamble here, and will sell up on the spike. Because unlike you, I understand that there is always Jam Tomorrow and even if Bisc is a success (against the odds), the SP will cycle right back down again. History does a fine job of proving this! All IMO and DYOR......
Egdon keen to sell off their stake at Bisc. Leaving UJO and their "like minded partners" carrying most of the cost. UJO already exposed to circa �1million drill costs at Bisc, which is approx half of their cash balance. Not taking into account costs at the Holmwood drill, Wressle production start up and on going cash burn.
Shat. Yep, terrible lack of volume here. Spend. Key drivers for the Share Price movement are Bisc drill, Holmwood drill and Wressle production. Everything else is just noise. Unfortunately not one of those projects can be confirmed yet, however it's likely that Bisc will be first. If it's a duster you'll probably see your 0.05p or worse, but not before IMO.
Alessandro Zezzos. Welcome back, it didn't take you long! Rather than getting personal let's stick to the subject. My original post (now 4 pages away) caused a stern emotional reaction, you naturally try to vanish it before the naive investor acknowledges. I'll repost it below and leave you to enjoy your Sunday. Re Wressle Production: "I'm not saying it will flow, or will not flow at that level. I'm simply highlighting that it's an unknown at the stage and NOT factual. The Wressle Ashover interval flowed at 80 bopd during testing, the 500 figure is an estimate following reservoir engineering analysis. Look at all the analysis Angus carried out to predict the Lidsey-X2 well would flow circa. 400bopd when in fact they achieved a disappointing 40. Also worth pointing out that the rates will decline over time, the greater the flow rate the faster the volumetric decline. A UK onshore oilfield example, Wytch Farm oilfield used to flow over 100,000 bopd, a few years later it was just 5% of that." Anyway enjoy your wkend :)
6th March, AZ's last post on UJO: "I feel very bad for the directors when they get lies and accusations thrown at them. Just as I couldn't walk past someone being beaten up by a group of thugs in the street, I can't ignore things I know to be untrue hurled at people I have great respect for. The consequences are that a company can soon become tarnished as the lynch mob mentality sweeps the bulletin board - it started yesterday, posters who are normally level-headed and non-committal were joining in with the thirst for blood. I stand by my forecasts for the future of Union Jack. Things are only now starting to take off. But as far as this bulletin board is concerned, I'll be disappearing. Hopefully Term will keep away, but if he continues with his slanderous posts I hope Union Jack take legal advice - his intentions are not in the best interests of investors." 7th March, JohnieTaylor's first post on UJO: "I've had shares in Union Jack for a few years now. I am fortunate enough to currently have well over 100 million. I consider David Bramhill to be dedicated, trustworthy and a friend (I hope he doesn't mind me saying that), and it bothers me when I see so much misunderstanding of the company and how a how a company needs to evolve, on this bulletin board. I appreciate those who defend the company and our investments (Mix, Rudey, Mr B, AZ, Biglad, Siliv etc.). I won't post very often. I posted a few years ago, but there are too many trolls for my liking. Good luck all UJOers."
John. You state "you are solely interested in causing as much damage to the UK onshore oil and gas industry as you can" That is hilarious. Put that in the hall of fame with AZ's infamous "UJO will be worth hundreds of millions". LOL
John. In one day you've managed to call me Ian Crane, a troll, a moron and a muppet. You've excused me of criticising the company, it's shareholders, attacking shareholder's investment and trying to stuff investor's pensions. That's some effort. You claim to own "well over 100 million shares" and that you're DB's "friend". I'm sure the silent readers out there will be grateful and appreciative of a more honest approach.
Johnnie. Which ever way you look at it, the fact is that the Ashover interval flowed at 80 bopd during testing and the 500 figure is an estimate. It might well flow 500 bopd or in excess, but it also may not. There would be little doubt IF the Ashover flowed 500 bopd during testing and without realising it, you've done a sterling job of highlighting that there is also a possibility it may not for the silent readers out there. For the record I hope it flows much higher, after all, it's been 4 years since spud and permission for production still isn't in place.