Member Info for wiltshireman

on Zak's BB heroes today. Can't make head nor tail of his gobbledegook charts but he says its good and his predictions are self fulfilling anyway so can't go wrong !

Of course the dollar performance has some bearing on the oil price I guess of but we're stuck with that.

Oil price is performing well up to $55, just in time for Wressle.

over BD and what to expect or not expect doesn't alter the fact that Wressle is hopefully about to produce. DB's extended interview of Nov 29th tells us all we need to know and I hope that we will soon have the news. He was not too pleased with the fact that the share was traded. Personally ever since that interview I can't believe this has been day traded. Hopefully, they will return on any news.

Anything to get the momentum of this dog moving.

Anything to get the momentum of this dog moving.

What it comes down to is the company can issue warrants to those who are or have been helping the company reach its goals. Not hopefully on an old pals agreement basis. Similarly why raise money through placings when the main beneficiaries are brokers and those who are creaming off the discounts by making a fast buck. PJ and the board will decide who gets the warrants hopefully to the benefit of the shareholders, not just the warrant holders, when they are cashed in. Perhaps I am being naive but that's the way I see it. A win win for the shareholders, not just the warrant holders.

Interesting story you tell Willu, sorry about the outcome for you. Good to hear others being caught and losing out as it seems on many of these BBs there are so many bragging about making soooo...... miuch money which of course we know not to be true. I readily admit over the years I have made huge losses but also very good profits on AIIM otherwise I wouldn't still be plugging away. This company I believe to be a good investment, you only have to look at the on chart since it was established to see there are no big spikes where the pumpers and dumpers have moved in. Thanks for that background info and GLA

My guess is you are completely wrong Mirasol. A smallish field given the discoveries in the N.Sea? We'll see.

Warrants, well PJ has explained that situation over and over and raising money like this rather than placings and dilution where investors have different motives is OK in my book. If the SP continues the way it has people will be falling over themselves to get warrants especially if they have shown themselves to be loyal to the company. Warrants in lieu of salary and to directors of other companies are a great way to raise money for the POW IMO. Its a pity that more AIM companies don't adopt a similar policy rather than handouts to brokers who have little interest in the company they are scamming .

Jeez! How does this guy do it?

I agree with much of what you say Spike but the one thing that is ignored generally is the fact that Wytch Farm is very remote from existing oil / gas finds and production. About the only one that is relevant to it is the nodding donkey at Kimmeridge. It has always been known to locals for centuries that oil appeared from the surface of the rocks hence the name Kimmeridge layer which is a key geological feature which extends all the way through the North Sea (along with Portland the Portland layer) which surfaces just up the road from Kimmeridge and Wytch Farm. There has been drilling in the English Channel from jack-ups not far from the south coast and offshore Isle of Wight so they have looked but so far Wytch Farm is the one.

However, there are notable offshore oil and gas fields (e.g. Hewitt Field) relatively close to our area of interest and common sense tells me that Biscathorpe el al are just extensions of these finds. As such they are potentially huge and would outstrip Wytch Farm ultimately. Also IMO the majors are interested in the story so far and could see them as a cheap option to augment falling offshore revenues, especially when it is so cheap to produce and close to the market. On all these scores this is the potential of our 'oven ready' to use the modern parlance onshore fields that can replace the dwindling fields offshore. Add the Swampy factor to the Weald production mix and any extension of the Wytch Farm / Kimmeridge unit . The environmental lobby would be massive on the Jurassic Coast so IMO producing in the N.E. would be so much simpler given especially when there is the offer of building the local economy as a bonus. If Wytch Farm had been discovered now there wouldn't be a snowballs chance in hell of developing it given the environmentalists and Nimbies living on the South Coast. So there is no comparison with ours and Wytch Farm whether or not it is the biggest onshore field in Europe.

On the other hand I could be wrong !!

usually SP drops in the morning then pops back up in the afternoon with significant buys late in day. At least that's what the pattern of late seems to be. I put it down to the 'pensioner punters' who don't get out of bed till late morning, have a post prandial nap and take the rest of the afternoon to make a decision Yawn............. then stay up late doing more research.

Forget Biscathorpe, the timescale for us is Wressle and W.Newton, now and the sooner we get production at Wressle the better all round. Cashburn is King and we need cashflow despite what Big Dave says. Compared with recent past finance is not so easy to find especially when oil is so unfashionable. Large scale investing in pie in the sky green solutions to take over from oil in the short term is a myth anyway.

Can't get away from the fact that cashburn is king in the oil business and at the moment other sources of finance are getting more and more difficult given the pandemic.

Perhaps Shell will buy them out or get a cheap farm in deal in Wressle and give them much needed cash. This might be better for UJO (and for us) than if we stepped in and made another disastrous placement to pay for it.

on the way up, gold approaching record watershed highs of over $2000 and silver climbing as it did 5 years back when it completely outshone gold. All good for our sector anyway, especially with our interest in RRA and Silver Peak Canada. That's one of the many aspects I like about POW, its wide ranging portfolio of potentially valuable projects

flirting with $2000 watershed

Given their impending delay in their offshore seismic on Resolution unsurprising the share being heavily marked down.