Ujo

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Overthebridge
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Ujo

Post by Overthebridge »

This will rise soon thinking of doubling up here.
Overthebridge
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Re: Ujo

Post by Overthebridge »

Ujo November this should really move north. Imo
Overthebridge
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Re: Ujo

Post by Overthebridge »

Ujo on the move horse hill cash making an entry today IMO.buy until your heads fall off November will be ujo month.gl
Overthebridge
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Re: Ujo

Post by Overthebridge »

Toot toot
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enfranglais
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Re: Ujo

Post by enfranglais »

Nice to see you back ramping away Broxy but why the new handle eh m8 - you got band(SIC) again? lol
Overthebridge
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Re: Ujo

Post by Overthebridge »

Current cash circa £3.4m with monthly cash burn to keep the lights on circa £20k
Mcap is £8.5m at sp of 0.355 (lp)
335m warrants outstanding most at .30

David Bramhill is CEO
Graham Bull is Non Exec Director
Joseph O’Farrell, Executive Director

The model is enter UK onshore licenses at circa 10% interest with near term drills and prove up reserves and sell the lot on a later date to a mid/major

Current ongoing work program

Burton on the Wolds-1 Exploration Well (PEDL201)

Spudded 6 days ago, TD within 26.

The mean combined Prospective Resources for the two target objectives, as calculated by Egdon are estimated to be 3.8 million barrels of oil.

The planned vertical well will be relatively shallow with a drilled depth of around 1,000 metres. It has been designed to intersect both targets in a structurally favourable position near the crest of the Burton on the Wolds structure and is a conventional oil prospect

The interests for Burton on the Wolds-1 Exploration Well are as -

Egdon Resources U.K. Limited (operator) - 32.5%
Celtique Energie Petroleum Limited - 32.5%
Terrain Energy Limited - 12.5%
Corfe Energy Limited - 12.5%
Union Jack Oil - 10.0%

Wressle-1 exploration well (PEDL180)

Flow tests to commence straight after Burton on the Wolds TD

The Wressle Prospect is defined on proprietary 3D seismic data, which was acquired by Egdon in February 2012. The Prospect is located on trend with the producing Crosby Warren oil field and the Broughton-B1 oil discovery, both to the immediate northwest, and the Brigg-1 oil discovery to the immediate southeast. All contain oil in various different sandstone reservoirs within the Upper Carboniferous succession. The gross mean Prospective Resources at Wressle, as calculated by Egdon, are estimated to be 2.1 million barrels of oil

The Wressle-1 well was spudded on 18 July 2014 and on 23 August 2014 reached a total depth (TD) of 2240 metres measured depth (MD) (1814 metres true vertical depth below OS datum (TVDSS)).

Elevated mud gas readings were observed over large parts of the interval from the top of the Penistone Flags reservoir target (1831.5 metres MD) to TD.

The well was logged using measurement whilst drilling (MWD) logging tools run on the drill string. Preliminary petrophysical evaluation of the log data has indicated the presence of potential hydrocarbon pay in three main intervals;

·Penistone Flags - up to 19.8 metres measured thickness (15.9 metres vertical thickness)

·Wingfield Flags - up to 5.64 metres measured thickness (5.1 metres vertical thickness)

·Ashover Grit - up to 6.1 metres measured thickness (5.8 metres vertical thickness)

Egdon Resources U.K. Limited (operator) - 25.0%
Celtique Energie Petroleum Limited - 33.3%
Terrain Energy Limited - 33.34%
Corfe Energy Limited - 12.5%
Union Jack Oil - 8.33%

Thereafter, the 2 following appraisals are scheduled for H1 2015

PEDL241 North K
Overthebridge
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Re: Ujo

Post by Overthebridge »

Thereafter, the 2 following appraisals are scheduled for H1 2015

PEDL241 North Kelsey P50 (Gross) 6.19mm bbl

UJO Working interest 10%

CoSG 14.6%

PEDL253 Biscathorpe P50 (Gross) 3.28mm bbl

UJO Working interest 10%

CoSG 29.2%
Overthebridge
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Re: Ujo

Post by Overthebridge »

@oilbarrelnews Interview Stewart Dalby vs ****************: http://t.co/vbtNkj3fsC via @YouTube #EDR #EOG #UJO #LGO #SOLO #expertview
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Re: Ujo

Post by Overthebridge »

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enfranglais
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Re: Ujo

Post by enfranglais »

Broxy - keep telling you m8, it is going to be renamed Jack Shit Oil & you would be better off with EOG (of course, nothing to do with my existing holding - ramp - ramp)!!
They have MUCH bigger percentages &, are covered for costs by existing production & have France to farm out & Ireland offshore farmed out to Kosmos, with large free carry - no brainer really!!!! lol
Overthebridge
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Re: Ujo

Post by Overthebridge »

Froggy
It's only a trade for me mate, it will go higher as hype is around it ATM news due also there's the warrant so the si will pump to take the warrants to sell.eog it's on my watch list it's been a fav of your for years tho:-) you long term now lol
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enfranglais
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Re: Ujo

Post by enfranglais »

Like you m8, if it moves quick & you get out with a nice profit, it's a short term trade, if it moves down or sideways, it's a long term hold for the bounce!!!!!! lol
I learn at the feet of the master eh!!! lol
Overthebridge
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Re: Ujo

Post by Overthebridge »

Well what an over reaction today
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enfranglais
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Re: Ujo

Post by enfranglais »

P'raps the 'Jack Shit Oil Company' is still aptly named?
Overthebridge
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Re: Ujo

Post by Overthebridge »

Froggy you could be right there, you still in hur mate?
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enfranglais
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Re: Ujo

Post by enfranglais »

Yes, much to my chagrin but very small position, tucked in 'sock drawer'!!
Most in TYM & EOG, so next 4-6 months should be better (fingers crossed)!!
Overthebridge
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Re: Ujo

Post by Overthebridge »

Ujo well tests start tommorrow rns in the morning.

I'm out this one tho
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enfranglais
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Re: Ujo

Post by enfranglais »

For once i hope Jack Shit Oil gets some m8, as EOG has the largest share in the field by percentage & by m. cap - go on my son!!! lol
inforapound
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Re: Ujo

Post by inforapound »

0.16p now
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