Member Info for TheAimCasino

paid 23p for his shares as a director in the company with a far better idea of what the position of the company is? Hardly expected it to drop to 19p I would think. More inclined to think he knows the SP will be way North of his investment in time.

You need to pop his face back on, far harsher poster.

Unabashed, nice to see you back from the Reabold BB. Seen RNSTranslator lately ;)

David? Lol, grow up!

you don't sit there saving a tenner a week to buy another one to get to work. To get to work, you borrow the cash, you finance a car etc.

We do not know how much cash is required for the continuing works at West Newton, the EWT has overrun by months. We do know there is a a substantial payment to Calmar becoming due. The company needs to be in a financial position to keep moving forward. With the upgrade at Wressle to do as well, the placing was very likely required. Either that or sit still waiting for revenues to come in. The revenues lost by that wait would potentially be more than the cost of the money raised. Keddington delayed, Biscathorpe delayed. Every spare penny from every barrel of oil going towards not moving forward. Yes, great revenues coming in but prompt upgrades at Wressle could see a massive increase in bopd. I can see the reasoning for ensuring there is plenty of cash in the war chest.

that DB can release news on WN over the heads of the senior partner and operator? The company has recently provided an excellent update on Wressle, West Newton news will not come until the operator is ready to approve an update.

As frustrating as it all is, DB's hands are tied. He cannot release news or do interviews to appease a few bulletin board posters. Get a grip!

Wressle exceeds expectations, tested an initial rate of >950boepd
Following the recent flow test results at Wressle, considerably ahead of expectations, the project has understandably come into core focus for the Company and indeed its investor base. Given the recently reported encouraging results, the forward plan will now be to upgrade site production equipment to enable increased production volume and enable the testing of the full potential of the well. Considering that Union Jack initially started with 8.33% of this project, management have clearly demonstrated its geological understanding and foresight to increase this to 40%. Since completion of the proppant squeeze in late August, our model estimates that Company has already generated in excess of US$600k in revenues to date. Our valuation infers a risked valuation of Wressle to be c.40/p share from the Ashover Grit alone, excluding the potential upside from the *****tone Flags and Wingfield Flags reservoirs. We also note that the production licence is viable for the next 15 years demonstrating the partners’ confidence in the long-term commerciality of the field.

a share by brokers. Even if we said company brokers always air on the positive side, taking 50% off their estimation still gives us 20p for that alone! Undervalued!

I have always found that people feed off negativity and generate even more. Surely the company can only release news when there is news to release. If I was DB, i wouldn't go like a lamb to the slaughter until there was news to talk about. Lose lose situation right now, the only thing he could talk about would be Wressle and everyone already knows the situation there. He cannot discuss WN or any other plans until the EWT is over, good or bad result.

company suffer the relentless twaddle seen on social media? Seem like everyone is targeted, if you have anything positive to say you are a ramper, anything negative you are a deramper, discussion is not possible as you are attacked for your opinion. Does seem like there are a lot of people on here that do not want the company to succeed.

things are going to change. Wressle is quite obviously something special. Almost a 1000 barrels equivalent and on a 50% restricted choke. There are other zones that can be targeted too.

The recent placing, painful, but not massive dilution and those shares will be rapidly bought up.

New Twitter account that seems to be far more proactive, a good sign the company are looking to communicate not only to shareholders but to the wider market.

I think my decision to buy in is well timed and with the quote today of 40p for Wressle alone, things are going to get very interesting sooner rather than later.

Another treehugger lol

UN Number: 1267. Hazard Class Number: 3. Shipping Name: Petroleum Crude Oil.31 Aug 2017
Proper Shipping Name: Petroleum crude oil
UN Number: UN1267
Hazard Class or Division: 3

AjamesW, I took 600 barrels as a figure that once stabilised and cleaned up would be a fair estimate for regular daily flow. Once upgraded, I would suggest 750 a day which would give UJO 300 barrels plus additional Keddington and Fiskerton production.

They would certainly be well informed in order to present their valuations.

Spike "is Wressle recoverable perhaps going to be materially upgraded in terms of recoverable based upon the current production profile"? I reckon Wressle is extremely underrated, 900 boepd+ Free flowing on restricted flow, this is going to be something special and an updated CPR could be mind blowing.

a bit of good news and the 'slaters' start slating. Talk about the obvious, it's daily this abuse, constant negativity regardless of the situation. Shareholders do not spend all day trashing their own investment. At worse, they try to increase their positivity in the hope the SP rises so they can get out!

there's a lot of cash coming into UJO with a heavily restricted choke on the free flowing oil.

At 600 barrels, thats 240 a day to UJO, $19,200 or £14,000 per day in sterling.

£98k per week, almost £400k a month. This is pretty amazing for an onshore oiler and of the three JV partners, Union Jack has the better, near term revenue increasing assets.

Well is also on clean up and soon to have a site upgrade to cope with far more than the previously hoped for 500 barrels a day.

On its own!

SP Angel broker note on Twitter. We are so undervalued here.

And the good that would do? Whatever is done will always be subject to confidentiality. It's neither fair nor reasonable to expect the board to breach that.