200 day MA Rapidly approaching the 200 day MA - hopefully we'll bounce off this and not carry on sliding.Old Malcy is quite keen on this stock, let's hope it generates a bit more buying power.
Re: RNS 14 MARCH Back to placing price .
Non Exec share purchase Relatively small share purchase (£9900) by non-exec on 11 Oct. @ 0.198. Some measure of confidence?
Re: RNS 14 MARCH Notice it was turner/pope....cornhill offshoot.
Re: RNS 14 MARCH A placing @ 0.17 on 22nd September 2016.just noticed ramp on share prophets .
Re: News today If 3.34% of the licence is worth £600,000.......that means that UJO's existing 8.34% is worth £1.496m.If the market cap is £5.2m, and there's net cash of £2m, that means the other assets (inc Keddington and Holmwood) are valued at £1.7m.The Wressle development, at 500 bpd at $50 per barrel will produce about $9m per year in oil, $1m net to UJO with the added stake before costs and taxes etc, but with tax allowances from development cash flow should indeed be 'material'.The leverage on a rising oil price is outstanding as well. There's a bit to mull over here I think.......
Re: News today Should read PDL 180 and 182 not 181 sorry about that
Re: News today Proceeds from last weeks share placing have been used to increase our holding in PEDL 182 / 181 up to 11.63% of production which is expected to commence early in 2017 per latest.
Re: New Article Should highlight the targeting of "near" term development and more importantly production opportunities.
New Article [link]
Re: RNS 14 MARCH sliced @ 0.19 ( on limit .0188 )Been rising last few days.
0.19 ask 12.5% ask Strong start this morning
When Wressle... When will Wressle likely come into production? Q4 2016?[link] What's the SP price predictions on the 500 barrels pd?
Background action What is happening behind the scene at UJO per lumps of shares being sortedas cannot be straight sell/buys as the SP not moving in any direction, whichjust might be individuals sorting out ISA's ready for a leap? and hence lockingin any anticipated gains? cannot see long time holders selling out! @ 40% loss.
Re: RNS 14 MARCH Big rise yesterday but all within the huge spread !