Member Info for Uggy100

Simon, wasn't going to plan meant to be receiving the final early production permission by the end of last year ??

I agree with you on the permission front itsawrap but become increasingly alarmed about our finances. They have squandered vast amounts of money which is, quite simply scandalous. They have no shame & any information we get from them are, at best, half truths.. I just hope we get something of real impact on the 27th.

The directors of LNe have made a fortune out of farming out CS & taking the full license back for. Peanuts. Of course that didn't stop our 2 cretins from paying way over the top for our percentage.

I don't think our 2 dimwits have ever told the truth.

Alas persimmon I believe you to be correct despite being told by the 2 crooks that they had put it on hold. Yet another whopper !

Usual lies by a pair of liars who have no clue about the o&g industry. Why should we should anybody even bother listening to what they say.

Let's not forget the £4 mil divi to shareholders !

Yes persimmon but what likelihood is there of selling any of our assets is there. I would say precisely none !

There scattergun approach to investing has backed us into a corner & we've run out of options. Simwell, CS & Daybreak (not forgetting Parta) have all proved to be disastrous due to dreadful mismanagement. Hardly surprising the sp is where it is is it.

It also springs to my mind that the drill costs will have increased since the initial costing, god knows how much by.

I hold UJO as well & although I'm no great fan of Bramhill at least they are moving forward rather than being stuck here by our 2 worthless ceo's.

And at the AGM last summer they said there had been zero interest in any of the NS assets, & assured me CS would be producing gas in q1 2024 without mentioning the need for 30meuros for the LNG facility.

Just goes to show they are not to be believed.

I now think they are reluctant to provide Rathlin with the additional funds, presumably as they have reservations about the cos. We've had to put up with years of lies & obfuscation....not good enough.

GP, we all.know they have to fund Rathlin, if they don't it's curtains for WN as nobody else is interested. The 2 crooks have been happy to issue shares off the back of WN to invest in basket case projects to the detrimentof all shareholders. They don't give a toss as long as they can rake their salaries in.

I'm a long suffering shareholder but Ked & Bisc are down to Heyco & WN is down to the 2 cretins at RBD

We already know they're abject failures so my worry is the presentation will be more waffle. No doubt the question asked will not be probing or drag any sense out of the 2 fools.

As you would expect from the 2 crooks they have been vague on the detail. At the AGM there was no mention of funding for the LNG plant being required. The final permit required for early stage production promised by end of 2023 is nowhere in site.

The more I find out about the Directors of LNe the more I think they're conartist & our 2 fools have taken the bait whilst paying way over the top for it.

Rather than pursuing this pipe dream monies should have been used to. Bail out Rathlin & progress WN.

Itsawrap our 2 fools more than paid over the top for CS & show complete fiscal ineptitude to go along with their many other failings. You're absolutely right about the cash flow projections & with the capex required to develop the field I dont see any profit coming our way for years. I have no idea how they carried out DD but it's clearly flawed to say the least.

They also dislike being questioned by shareholders & excel at airbrushing out there many failures.

The thing is itsawrap the shares bought back are then held in treasury rather than being cancelled & as such isn't returning that much to shareholders. Usual garbage cooked up by struggling AIM companies imo.

Par for the course with our 2 dimwits. Don't forget Simwell who had been looking to be bought jout for 3 years !

I'm sure many shareholders feel the same.

Any new investors here should take note that our 2 ceos are corrupt fraudsters who have.never delivered on any promise. A spell at HM's pleasure wouldn't seem out of place for these 2 disgusting pieces of trash who I hate above everything else.

I sincerely hope Rathlin get sorted & that drill goes ahead. Failure to do so would expose them as the disgusting con merchants I believe them to be.

moniman, as far as i'm aware 2 drills were successfully drilled & flow tested on cs & were shut in as future producers.

as for the divi, don't hold your breath, if we have to bail out rathlin (as i believe we will) there won't be enough left over. if we have to put further cash into cs the **** has really hit the fan.