Member Info for TheAimCasino

Today’s RNS from UJO is very encouraging, IMO, even if we could have done with more precise info about the current production rate. Maybe we are keeping this figure under their hat for now, and are making sure the partners do the same. There's a comment on Europa's LSE board that they (and Egdon, presumably) will have earned $750,000 since 19 August. UJO’s RNS was presumably written yesterday, so it probably includes the expected revenue for the previous day which makes 68 days since the post-proppant squeeze production re-start. Our cash receipts from Wressle will therefore have averaged about $11,030 per day over the 68 days. But, if the well has been shut in for any of that time, then this figure will be higher on a producing day basis. Perhaps more important for us, what oil price have we been getting? Looking at the Brent price graph, and assuming we aren’t suffering a big discount for fairly small tanker loads, I’d guess that we will have received about $75 per barrel (on average) over the last 68 days. It was probably less than this in August, and quite a bit more during October. This suggests to me that our 30% share of Wressle production averaged 147 barrels per day over the last 68 days. If we gross this up from our 30% to 100% we get a n overall 490 bopd. So how does this compare with UJO’s “Current daily production figures well in excess of ...... 500 barrels of oil per day”. Well, quite a few days - but obviously not all of them - must have had much better production rates than 490 bopd, especially if there was limited or no production on some days. And it's really great that no water is being produced because this would add significantly to our operating costs

In excess of 500 could be 1000, could be 600, the key words are in excess. Its a broad statement because the production is being adjusted daily with the choke settings. The RNS you quote states 'achieved' it does not state stable, daily flow. DB is purely confirming the 500 is the lowest figure flowing. The EOG final results RNS last week stated "Production established in excess of target gross rate of 500bopd post period end". It's fair to say 500 will be on the lower end.

get a life mate. Use some common sense. I have no connection to Heid, I am purely responding to a claim that Wressle only doing 500 barrels and declining. You don't ever see me posting about the world crisis or mentioning UKOG etc. I can't see why the more prolific posters are accused of being the same people, it would be too much hard work lol. Now the activists on here, a different matter. They constantly swap avatars and post their shi*te consistently. They are quite obvious.

Justbe, totally misleading. IN EXCESS of 500 bopd, EOG confirmed much higher, everyone knows 500 was the anticipated amount originally but this well is exceeding those expectations on a substantially choked back flow. This will be a 750 a day stabilised flow mark my words.

Don't you think it's fair that people should get a chance to read it Micky before you and your mates drown it out?

Not so sure. Lets see Monday re Biscathorpe. The council may see the carrot of some nice monies from Egdon and not want an expensive appeal.

COP26 is pointless..Can not imagine the mayhem in Glasgow to come.

The proof of the pudding is now with what we are witnessing with energy prices and the attempted transition. Oil 'will' go higher over time. Winner for Wressle .

The gas at West Newton could play a role in Boris's ten point plan which includes CCUS an Hydrogen.

I can not imagine how some families will eat after Easter of next year once taxes and community charge goes up along with fuel bills an debts from Xmas and reduction in benefits. The greens will come to see this, and I hope it effects them too.

China does not give a toss. Thanks for the covid they sent over here too. They will just keep burning their coal.

Meanwhile the UK will get to bankrupt its economy whilst pleasing Greta Thunberg.
I wonder how many electric cars her family will have on the driveway ? Three ? Thats a lot of charging points girl ..think on .

of posts the second you mention planning getting passed lol! Quick, let's sink that comment as quick as we can ;0)

"Simply repeating something over and over doesn’t make it true you know.. kids usually learn that at an early age". Then why do you hit out at Reabold and UJO 24/7? Surely your opinion is known after two years? What with all this and your blog, were you gang raped by the respective directors at an investor meeting or something? Seriously, you are relentless. It's not normal, in fact, it's something of a seriously mental issue. Just to answer your comment though, based on supposition, if as expected Wressle generates 750bopd, thats 300 to UJO. Additional two wells incoming. The Wressle-1 oil and gas discovery has significantly reduced the geological risk over licences PEDL180 and PEDL182 and the Wressle field is deemed by the Operator to extend into PEDL182. This is just the start of increased revenue generation and its my view the company will concentrate on this.

regardless of the constant, unrelenting dross being posted here by protestors day traders, agenda driven entities and more, the FACT remains that three of their wells are producing oil and generating revenue. The recent announcement confirming the first $1,000,000 hitting the bank shows the potential for Wressle alone along with the other zones to target that could equal or even better present production. West Newton seems a damp squib if I were honest, it doesn't look overy good and I think the JV partners have as good as said so. It remains to be seen whether the data collection could lead to alternative extraction methods but whatever the outcome, it is a back burner for now. Union Jack are the best placed to weather this, whatever happens, they will be a profitable producer. Should Biscathorpe planning be denied, they remain a profitable producer and they can certainly concentrate on expansion of Wressle and Keddington. In addition, with the revenues coming in from Wressle. It may he a farm in partner for North Kelsey may not be required. So yes, plenty of potential for the company to move forward. There are people on here who are happier to ignore the longer term here, they can't seem to move forward from the past. There has been a major change in status here. After all the years of asset building, JV's and raises, this company is now making money. FACT.

you are sounding like a broken record mate, constantly whinging, post after post after post. Relentless negativity. I rarely ever say this, but why not sell out and feck off, reinvest somewhere with better management and assets maybe?

I see all the facts. I see a placing sounding leaked before the sounding even started, I see the likes of Tom Winnifrith capitalising on it with his team of traders, including some who are no doubt on here, I see the company derided on a daily basis, the board of directors abused. I see people like you helping things along. I see all the protestors usually slumming it in the lanes, abusing security, moving onto here to help drown any positivity. I see a company beset with 24/7 shi*te who have confirmed a super revenue stream and future for an AIM company that has yet to be realised. Any positivity here is intentionally drowned out. What's RNSTranslater and Persimmon's agenda? Constantly posting their cr@p in an effort to add to the negativity, yet not invested? So yes, I can see the facts!

Not sure how your brain works MickyBe, but cash coming into the bank, already 5 times more than the whole of last years revenue, is excellent. It's been RNS'd, what more would you like DB to do? Ring up the MM's and ask them to stop ****i*ng about? Ask the *****s on here to stop slamming the stock every day? Things will improve, I have never known a stock to be so berated and attacked on social media, it hasn't got much of a chance for a quick rerate when you have happening whats been going on here.

First million dollars, landmark event and MickyBe expecting the markets to revalue the stock within 48 hours lol.

and Persimmon, the Reabold/UJO tag team lol! Always backing each other up with the same negative opinions. Are you related? Need to start a business, Oilman Jim and Associates.

You do so enjoy twisting people's comments to suit you hate posts. You can see quite clearly when I said 10-12 million, it was an opinion. Honestly, since I suggested you are Oilman Jim youmhave become very aggressive and quite rude. Is there a reason for that? Are you Oilman Jim? Are you annoyed you may have been outed? I mean, gosh, if that were true, which I reckon it may well be, it would be a bit embarrassing I guess. Try and keep calm. You're not a spring chicken lol.

The Pen*stone flags and the Wingdield flags are as easily capable of the same outcome as the present Wressle production. Keddington with a side track would easily offer up 300bopd+ and more if they follow suit with a proppant squeeze there too. There are other prospects too. Doubling up revenues from the present is not a major task imo and like it or not, which I appreciate you don't, UJO are now on a different path. Nice of you to call in here first before moving to Reabold.

I have never posted anything here that has not been taken from official RNS's and unlike you, I have no agenda other than to support my investments in a positive way. You are worse than the swampies, you post endless complaints, assumptions and dross. That's your right on a BB, but all you do is add to the continuous noise here from protestors, swampies and the agenda driven day traders. Keep it up, I will look forward to you saying something positive one day.,

You are entitled to your opinions Mickybe, but all I can say is if you hold any shares in this, you don't deserve to make anything from them.

The fact remains that this is now a profitable company, are you suggesting that will not make a difference moving forward? 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. I am more than confident that Wressle has changed the outlook for the company and all this noise is getting tiresome.

The fundamentals are there Mickybe. Not really interested in the SP today, the revenues and prospects will move this forward. People like you and a few others too focused on daily movements and news reaction. The company will be an AIM winner and I have no issues waiting for that.