Member Info for VerbierDave

I'm not really sure what you're laughing out loud at because that sentence never made sense either. Are you inebriated or illiterate?

Lol, that doesn't even make sense.......

'anyone got any better reason why people won't invest ?'

Yes - that would be you, moaning 24/7 it's enough to turn milk sour

Itsawrap - I think a buy in from UJO using the dept EDR has with UJO to Waddock Cross makes perfect sense, it's a win win for both UJO and EDR as it's drill ready with infrastructure in place.

Micky - you aren't missing anything apart from mentioning that the share price is where it is because of unscrupulous person/persons posting about the last placing and thrashing the share price by 30% before the placing could be sorted. If it wasn't for that we would be sat in the upper 30's to low 40's whilst also taking into consideration the rejection of the planning permits. Always harder to climb up than be pushed off the edge of a cliff

As positive as always, I really don’t know why you’re still here if you don’t think the company has the ability to make good on your trading losses. Surely you would be better of selling and looking for a trade that you think will help gain back your loss. And to be honest you would do us a favour not having to read all your negativity bringing misery to the board complaining all the time.

The CPR can’t be far off now and with all the news so far relating to wressel, I wouldn’t be wanting to be out of this over the weekend.

Pboo - Almost as bad as UKOG sp since April. What’s the old saying about stones and greenhouses.

Pboo she’s probably blocked you because she can and is fed up of the spiteful cra p you post about UJO constantly because you’re jealous. If only things were going so well with your share that you’re actually invested in.

No I have a Range Rover Velar HSE Dynamic, not interested in a small car like that.

This is laughable, a Porsche isn’t exactly off the scale expensive is it, especially when not knowing how old the said Porsche is, it could be a battered old thing worth £2k or even if on finance it could still be secondhand and not worth that much.

I was only mentioning last night it would make more sense for them to take a stake in EDR's Waddock Cross as it's ready to drill and with infrastructure and planning in place, UJO could use the £1m owed to them already in the bargaining of a good percentage on the deal.
They could also buy a larger stake in Keddinton which is also drill ready with planning consent and infrastructure.

With the two of those UJO could be producing 800+ Bopd by the end of the year.

Add that to Keddinton which also has planning in place for a side track and there are potentially two drills with facilities in place that could be drilled this year to up overall production whilst we are waiting out on planning consent for WN and Bisc.

I was looking at the joint projects that EDR and UJO have after taking a look at the last RNS operations updates from them both and makes me wonder if UJO might do another JV with EDR's Waddock Cross as it looks as though everything is almost in place ready to drill apart from a JV to help fund it.

Waddock Cross PL090 (Egdon 55%)

· Reservoir modelling has shown that a new horizontal well on the field could yield commercial oil production (500-800 bopd)

· Given the large in-place oil volume (Mean oil in place of c. 57 million barrels of oil) Waddock Cross has been high graded as planning consent and facilities are in place to test this significant opportunity

· Well design and surface facilities design work has been completed

· Further detailed design and costings are in preparation to support a potential JV investment decision during 2022 to drill a side-track well and reinstate production

Ohmetoe - I've just done some very quick reading on TOMCO and I'm not really sure how you can compare the TOMCO to UJO.

Yes at the moment TOMCO have a 10m mcap but they also don't have any funding and still need to raise cash to start building the plant that 'MAY' have the capability to refine unto 5000 bopd of someone other companies sand oils (still hasn't been proven on a commercial basis), which may I add they don't own the sand oils so therefore would only be getting a refining fee.

UJO has an Mcap of 16M however over 6m of that is cash and selling oil that we own . Oh and btw it's the Mcap that you need to look at not the SP. Until TOMCO can prove up whether or not their plant can actually produce on a commercial basis it's the equivalent of investing in a wildcat drill which you still have no funding for....... dilution dilution dilution

Ohmetoe - you say you're looking at investing 'several hundred thousand' and yet you are asking advice from Heid on research....... I call bull or you're completely insane

Rule No. 1 - do your own research

Croc - at present this is true as institutional investors aren't normally allowed to invest in companies with a market cap below 50m. However, it wouldn't take a massive amount in the next 12-18 months for that to change. For example, a good CPR from Wressel, and planning permission granted for WN and Biscathorp and then I don't think we would be far off. With WN if we get the planning passed then there could be a buy out there by someone such is rumoured to be happening with ANG or even Reabold could buy us out if the sale of one of their other assets goes though. All pie in the sky but all possible.

RNST - please let’s not lower the tone just for once, there have been some decent posts today for a change. If you don’t agree with Bunny at lest string a few sentences together to explain why you don’t agree.

Mirasol - 100% agree and for that reason alone I think they’re fairly certain that there’s more oil in place and reserves than originally estimated by the operators or they wouldn’t have bothered.
If GC come back and give an uplift then people will have to acknowledge that and the doubters won’t have a leg to stand on. If they used a one man band third party to do the CPR then the doubters would still try and use that somehow.
It also is a solid basis for institutional investors to base any investment on depending on how good the figures are that come back. If those figures are what we hope for then it could make a big difference to the market cap.

Paul - I agree with you on most of this apart from;

'Mind you since there were anti fracking protests at West Newton it was easy to conclude fracking was required at this site.'

How on earth would the protestors know a site needs fracking or not before it's even been drilled or tested...... Impossible unless they have an amazing set of crystals.
If it does come to light that this is true that more price sensitive news has been leaked by BMD though then the company needs to find out how he found this out and take legal action!!