Member Info for Yanis2005

Selfish, I just added 250k at 2.87p and the SP is now down to 2.7p.

It didn’t drop because of anything that anyone of us posted here.

I wish they would clarify their cash position … just like UJO does.

L2 indicates very strong support at current level.

Charts indicate support at 2.075p.

Current level is likely to hold and move up from here - in my opinion.

I am not thinking about today’s RNS anymore. I now think the issue is poor communication.

The EOG SP is very undervalued in my opinion. Added 250k shares this morning and thinking to add more.

Below 3p is a steal IMO. We dropped below 3p because of BGF selling and in last TR-1 they had 56 mil shares left. Since then we traded in excess of that, they cannot have many shares left, we should soon move decidedly above 3p.

I am annoyed with today’s RNS but I just added 250k at 2.87p. Is way undervalued.

Selfish, how do you know that they have millions in the bank already? Unlike UJO they never announced their cash position.

Simon Oddie kept on about Wressle profitability … Wressle is profitable … second to Wytch Farm … even tweeted this yesterday — where is all this profit gone?

Raised £7 mil for the Serenity drill. If they need a mil for a sidetrack then they should be able to source this from their cash - where is it all gone?

Selfish, what concerns me is not the interest rate … is the fact that they need a (miserable) £1 mil loan.

Has EOG not saved £1 mil? UJO saved £ tons mil?

Very surprised with this RNS and I hope the recent selling has nothing to do with this.

WTF? Didn’t even save an extra million out of Wressle? All cash gone to Admin?

One question:

If UJO only gets 10% more than EOG from Wressle, plus, EOG has other producing onshore field, why is UJO so cash rich and EOG is not?

“IS THERE ANY HOPE FOR THE SHAREHOLDERS HERE ???”

Yes, there is hope in my opinion. I added and will be adding more before the interims which are due out anytime now (last year were out on the 23rd Sep).

Found it … “the proposed connection is an NTS entry point (the requirement for 20D gas quality monitoring will determine the fee)”

However, is not clear as to whether this applies to SFB or what it involves. Searched the NGG website but was unable to find any more info on quality monitoring process and requirements. Very interesting point though.

Brian, I don’t see it on page 11. Can you copy and paste the text here please? Thanks.

Morning BV, excellent find but I can not see the 20 day quality monitoring on page 11, or elsewhere. Where exactly is it?

Due diligence and negotiations are still going on, in my opinion. Otherwise they must RNS and we haven’t had one yet.

There is still hope of a buyer.

Cheers BV, where are the spare cash when you need some? :)

BV, I know. The gas is in the ground and they will eventually get it out and the SP will go up. Frustrating though watching the SP drop that much. After yesterday’s rumours (both here and Twitter) we should have had an update to pacify minds.

Jaffy, you hit the nail on the head. That info was posted here and on Twitter. We should have had an update to quell the rumours.

I did warn yesterday that talking about that may cause the SP to crash.

Talking about a placing now is complete nonsense. They are fully loaded with cash.