Tag: gas

Zenith Energy. Congo Update!
Just a quick update on Zenith Energy (LON: ZEN). Those that follow this blog will be aware that I’ve been tracking the company for quite some time. You’ll also be aware that, unlike others, who’ve told a pack of lies and have ‘flooded’ the super information highway with malicious musings, which have been completely wrong, ‘Yours Truly’ has called this stock correctly as well as the ‘machinations’ within, outside and online ‘correctly’.

Zenith has a range of assets: Tunisia, Italy and the one that should interest you, Tilapia, situated in the The Republic of the Congo. For those that don’t know the Republic of Congo is one of Sub-Saharan Africa’s largest oil producing countries with circa 1.6 billion barrels of proved crude oil reserves, 3.2 TCF of proved natural gas reserves, and a daily production of approximately 300,000 barrels of oil per day. It has an established history of prolific oil production operations, specifically by majors including ENI and Total who have been operating in-country since 1968.

Now I like Tilapia, I think it’s a ‘company maker’ and the chance of success (COS) is certainly much higher than is understood at present. And here’s one of my reasons. The Align Research Note on Tilapia when the licence was held by AAOG, African Oil & Gas. This is what Richard Jennings wrote in January 2019:
```
"Anglo African Oil & Gas (AAOG) joined AIM in March 2017 and
subsequently acquired a 56% stake in the Tilapia Field in the Republic of
the Congo for US$5 million. This was a cracking deal as Tilapia is a proven
producing asset with substantial upside potential in the Lower Congo
Basin, an established and prolific location for hydrocarbons. Multiple
discoveries have been confirmed from the TLP-103C well in the R2 and
Mengo reservoirs and now the well is being drilled deeper.
Mengo discovery and R1/R2 look set to boost production to 750 bopd
A 44m oil column in the Mengo has been confirmed - nearby fields produce
500 bopd per well with stimulation. Experts believe that 400 bopd is
achievable with water flooding from the TLP-101. Added together, this
suggests a minimum of 750 bopd, making AAOG nicely cash flow positive.
Djeno is the big prize and success here could be transformational
TLP-103C is now targeting the Djeno, a reservoir where Eni, TOTAL, CNOOC
& SOCO are all producing nearby at a naturally pressurised 5,000 bopd per
well. Even if AAOG miss it this time round, lessons learnt will be invaluable
in drilling TLP-104, planned to be drilled back to back with TLP-103C.
Existing infrastructure allows discoveries to go into production rapidly
AAOG is shaping up to be a profitable company, even ahead of any success
in Djeno. The company benefits from having existing topside infrastructure
which allows the team to quickly turn confirmed resources into production.
Risked NPV suggests upside of more than 170%
Our conservative valuation shows the potential. We initiate coverage of
AAOG with a first target price of 28.23p and a Conviction buy stance."
```
And here’s what FinnCap wrote in June 2018
```
"3 in 1 oil. This well is targeting three separate reservoir horizons with a range of risk/reward – low risk appraisal of 2mbbls of producing reserves in the R1/R2 sands (6.3p/sh), appraisal of an 8-24mmbbl undeveloped discovery in the Mengo sands potentially worth 18-45p/sh on a risked basis, and a deeper exploration prospect in the Djeno sands, assigned gross prospective oil resources of 16-42mmbbls. This final target carries higher risk (25% CoS) but also higher reward. Our risked valuation range for the Djeno of 16-39p/sh rises to 69-159p/sh when fully de-risked."
```
So, regardless, of who wrote what and when it was written, the value which was assigned to AAOG by the two research notes is by irrefutable ‘Vulcan logic’ transferred to Zenith Energy. To say that this point has been lost in the vitriol that’s plagued ZEN is an understatement. Tilapia is a big play with potential oil flows of 1,000 bopd, from a low case of 26M barrels to the high case of 5,000bopd from circa 70M barrels of oil.

Further more you may have noticed that a delegation from Congo was in Italy having meetings with Zenith and were visiting the companies Italian gas assets. I’m hearing that the delegation went away impressed with the site visits and the company’s abilities in the O&G sector. Now that’s important because there’s further upside in Congo vis-à-vis Congolese gas and it’s my gut feeling that Zenith will be invited to take part as a preferred bidder in any licence rounds that may come up in the future.

So with all that said I’m currently trying to arm twist Zenith Energy into allowing me a site visit to Tilapia. It’ll more than likely fall on deaf ears but should it happen, I’m now throwing out a challenge to ‘The ShareProphet’, Tom Winnifirth. I will foot all Toms costs if he wishes to accompany me to the Tilapia drill site in the Republic of The Congo. Do please pass it on to Tom.

Viva

Dan
25 January, 2021
West Newton Update: 150M -350M Barrels of oil/gas?

The West Newton discovery is now on track to be the largest UK onshore discovery since 1973, (Wytch Farm). This is huge, of National importance to the UKs energy security. The B-1Z well encountered a gross 62 metre hydrocarbon bearing reservoir interval in the primary Kirkham Abbey target formation, as of now the declared ‘scores on the doors’ are an oil/gas column of at least 118 metres, significantly exceeding previous observations.

Lot of information will start to filter through over the weeks and months, the difficulty is that you have to sort out the wheat from the chaff. The big question is how does this latest discovery convert into barrels of oil? That’s the question yet to be officially confirmed. But make no mistake Rathlin and the partners have done the calculations. As soon as production casing has been run then I’d expect news. Possibly even before..

However sources, indicate that the West Newton players believe that the oil/gas in place will significantly increase. Reservoir/accumulation on this discovery all but nails it! When company’s tell you that they’re sat on the biggest onshore UK discovery since Wytch Farm then I’d tend to believe them!

The range of the barrelage, which is obviously unconfirmed and subject to all the usual caveats as per my last article, is 150M BOE up to 350M+ BOE. Now regardless of where the needle eventually settles those numbers are phenomenal.

As for will it flow? Does a bear shit in the woods? Enhanced porosities of over 14%. observed on wireline logs, says it will. Plus I’m hearing that this discovery is more oil than gas.

West Newton is a multi-billion dollar play now. So expect some predatory action round about or just before Extended well testing….

Viva!

Dan

11 December, 2020
#ScumBag1 V #ScumBag2 Lofgran & The Nostra Terra Oil & Gas ‘Secret’ Payments to….. ‘requisitioner’, Ben(t) Turney.

Well where do I start with this one? It really is a shocking state of affairs over at Nostra Terra Oil & Gas (LON: NTOG). Every NTOG shareholder should be up in arms at the latest twist in ‘The Tale of Two #Scumbags’

The two ‘bad actors’ currently having a bun fight over the carcass of the company and the residual cash left have more skeletons in their respective cupboards than the Egyptian Museum of Natural History.

We all know the ‘form’ of ex estate agent Lofgrans 10+yrs of lies, deceits and corporate failure, using piss poor stripper well fields to flesh out the asset base to give the ‘impression’ of a vibrant young oil minnow, all the while self enriching himself with shareholder cash. Many were suckered in, especially in his early years. Including myself. Most also know the history of Ben(t) Turney. The former ‘Legal Highs Drug Dealer’ with more business failures than years (16+) I’ve served in jail….. Turney fled his creditors rocking up in Sweden, (Unlucky for them) eventually to be plucked off the UK Bulletin Boards by ShareProphets (Unlucky for us) only to be ‘eased out’ (Fired) by TW (Lucky for Tom) once his drug dealing to UK teenagers, was exposed by ‘Yours Truly’, on this site.

Turney, is the serial cretin behind the TWO requisitions to oust the corporate ‘Z’ team, headed by Matt Lofgran. On Saturday I received an ‘Admission’ via a third party, in answer to the question that I have sought to shine the ‘light of truth’ on. No such admission was actually needed by me. I knew 100% that he had been taking cash payments. Turney now ‘begrudgingly’ admits that for several years he has been on the payroll of NTOG, lining his pockets with shareholder cash, YOUR CASH! So, ALL those tweets, BB posts, DM groups and articles on ‘Valueless’ the markets, spanning years were all part of an undeclared covered up paid promotion. Well blow me down with a feather, NOT!

Of course his deluded mind is now trying to spin the undeclared ‘cash for ramping’ by pontificating on a ShareProphets podcast that he was “employed for several years by NTOG to ‘write their RNS’s’ (Ramps) and that he ‘resigned’ in 2019 due to a CONflict of interest”. Nothing to see here….

#Scumbag1

Turney spinning a crock of shit is nothing new. A fig leaf ‘cover up’ doesn’t cut it here and certainly doesn’t fool shareholders. The plethora of articles springing up on ShareProphets are a desperate attempt to deflect away from his own reprehensible behaviour. The plain undisputed facts speak volumes and are incontestable:

Turney took £10,000s over a period of years to ramp & support Lofgrans’ position. NTOG Company/Shareholder monies were secretly funnelled to him to facilitate, ramp and elicit investors, drawing in mug punters to buy worthless stock while deliberately concealing those payments with the full connivance of the CEO. When the cash stopped the ramping slowly metamorphosed into ‘requisitions’. Ben(t) is unfit to sell the ‘Big Issue’ never mind run a listed company, ZERO O&G experience, a known liar who finances his lifestyle squeezing the last few shekels from bombed out companies, such as Teathers & New World Oil & Gas (Eridge Capital). That’s what Turney has done his whole life. Rinsed money from those gullible enough or desperate to believe in a miracle.

#Scumbag2

These two loathsome creatures are now stabbing each other in the back, with claim and counter claim. The fight for the ‘Piss Pot’ (cash) is on. Turney doesn’t have a pot to piss in so is trying to parachute himself onto the Board, post a winning requisition, to claim the ‘piss pot’ prize.

They have many things in common. Both are religious nutjobs, both have the same christian name ‘Matthew’, both are serial liars, both have a history of utter failure, both are about as trust worthy as a junkie with the keys to the Dangerous Drugs Cabinet, both are only interested in rinsing cash, YOUR CASH, from NTOG into their respective bank accounts and both want to continue fleecing Nostra Terra Oil & Gas……

So, it’s Scumbag V Scumbag or to put it succinctly ‘Scumbags Choice’ for any Nostra shareholder who deigns to vote:

Vote #Scumbag1 Lofgran

Vote #Scumbag2 Turney

A vote for #Scumbag2 will more than likely entail suspension & delisting of Nostra. Shareholders will never see a single penny returned. Just ask Teathers & New World Oil & Gas shareholders who swallowed the Turney ‘Jackanory’……

A vote for #Scumbag1 ensures further dilution, value destruction, Tom Peppers galore and the eventual (12months) suspension & delisting.

What a fucking choice……

You were ALL warned many times on these two low lives

Chalk yet another one up for Daniel!

Viva

Dan

17 February, 2020
West Newton. 140,000,000 boe. UK Onshore Major Oil Discovery On Steroids!

.

(It’s taken so long to source & firm this up that I’m amazed it’s not already leaking)

Last Wednesday I was in London on a ‘hush hush’ mission to glean information on Companies that I’m interested in. Doesn’t matter if it’s negative or positive, occasionally the ones you think are negative can turn positive and vice versa. For me it’s all about beating the corrupt corporates and telling it as it is. Good or bad….

Most of the meetings I attend are pre-arranged, some times, like the NUOG lunch, crossed wires conspire and the meeting/s get missed. It’s no ones fault, that’s just the way it goes. But that missed opportunity was filled by two hastily arranged ‘coffees’. One with the current FCA registered SER Director (Mike) and the other with an official (Nomad) whose company represents one of the two London listed oil company’s with an interest in West Newton.

Being a ‘cautious’ type I chose not to immediately write up my West Newton scoop from the second of those two unconnected ‘tete a tetes’ until I could make enquiries with different sources to ‘cross reference’ and firm up what I was being made aware of. Kind of test the water etc. That’s now been done. Several unconnected sources from London and Canada all confirm.

Once again ‘yours truly‘ delivers to you a massive exclusive on Rathlin’s West Newton drill. The drill that has already been declared by the partners as a ‘Major Onshore Hydrocarbon Discovery’.

News leaking on the West Newton Discovery indicates that all partners are ‘cock ‘o’ hoop’ on the data sets and core analysis from the operator Rathlin. There’s been an enforced blackout and much debate within the group/partners on keeping the numbers unannounced until all the core analysis has been completed. This could be because there are persistent whispers of at least two majors sniffing about.

The scores on the ‘Oil No’ Doors’ are way above expectations. That news is now in and should be released immediately by the partners, especially as it’s now in the public domain, post the publication of this article.

So you can take it from me that news is on the way from the Rathlin, West Newton drill, that could result in a huge, and I mean huge, increase in the share-prices of both listed companies who have a stake in West Newton. (0.92p) Reabold Resources (LSE: RBD) who now own 59% of Rathlin which equates to a 39% interest in West Newton and (0.22p) Union Jack Oil (LSE: UJO) who have a direct 16.6%.

The ‘Oil in Place’ numbers from the analysis of the core samples has rocketed upwards and will indicate a minimum of over 140,000,0000 boe (barrels of oil equivalent). The high case is thought to be close too, if not over, 200,000,000 boe. Both Nomads have been briefed as have the O&G Authority.

If those numbers are confirmed and I’m 99% certain they will, then the SP of both companies should rise significantly, regardless of talks that may or may not be happening. I’d expect on these figures, coupled with a successful Extended Well Test (EWT) share-prices of multiplies on both London listed company’s. These numbers indicate one of the biggest onshore hydrocarbon discoveries in the UK.

Knowing Nomads as I do, from my short tenure at Sefton, you can bet your last shekel that emails will be flying back and forth on publication of this article.

Which means that an announcement is imminent.

Good Luck

Dan

5 November, 2019
NUOG: ‘Hans Christian Andersen’ The Emperor’s ‘Nu’ Clothes……

Commenting on stocks and shares can at times feel like a character from a Hans Christian Andersen tale, one in particular, “The Emperor’s New Clothes” springs to mind every time I read or see the utter shite constantly pumped on social media by various shysters on both sides of the fence, corporate and retail.

It doesn’t take a genius to see the metaphors from fairy tales played out on City of London listed companies by traders and corporates alike who rely on ‘greed’ to blind ‘common sense’. The target being lumpen-proletariat small time mug-investors or as I call them ‘the meat in the liquidity sandwich’. The goal is to push the ‘tall tale’ using various ‘ruses/ploys’; such as ‘behind the scenes briefings’ to certain well known P&D merchants who take a position as well as small fees with ‘warrant packages’ then go out heralding the news of riches beyond your wildest dreams….

Which brings me on nicely to Nu-Oil & Gas (AIM: NUOG) the current nudge, nudge, wink, wink is in full flow not least on the BBs and twitter sphere. NUOG are a shell they have absolutely no value whatsoever other than there listing value. The old Board of Directors are being paid out, then kicked out, with a new team set to come in post GM ratification. The ‘new deal’ is deliberately structured in such a way that a select group of Novum placees (no more than 4/5 individual connected investors) are taking 1,000,000,000 shares of stock at a 50% discount to today’s SP, while a newly formed corporate entity holds £2,500,000 of loan notes (again at a 50% discount) to flip out as and when you ‘the meat in the liquidity sandwich’ are buttered up into believing in ‘Fairy Tales’. Mugs buying in at 0.075p are paying a 50% premium to that placing and loan note package. £3,000,000 will be flipped out into the orchestrated rise. A rise that will be predicated on a ‘hope value’.

If by now you haven’t worked out the implications then let me spell it out. You’re starting a race with a handicap. You can never beat the corporate flippers because they have a 50% head start with access to the news flow. If today you were 20% down on your stake bought at 0.075p they would still be 30% up. It’s a race you can never win.

‘Weaver’ Fumagalli?

The company holding the £2,500,000 loan notes are C4 Energy Ltd. That paper company is the brain child of one Marco Fumagalli (Continental Investment Partners, Sound Energy, Coro, Echo) and Mr James Parsons (JP) (Sound Energy, Echo energy and Coro). Both are connected at the hip as is Mr Andy Dennan proposed director NUOG, (current CFO & Director CORO, Sound Energy Holdings Italy Ltd, Alpha Growth Plc, Baron Lux LLP). I know them all, have met them, broke bread with them and talked all things O&G with them. They’re decent people in their own way. But as corporates go I wouldn’t trust them with a ‘birds nest’. They are ‘corporate bastards’. NU-OIL, at this stage of its evolution, isn’t about finding oil or gas in Cuba, Mexico or some far field of a foreign land that’s forever England, it’s about corporates playing the system using a tried and tested method to make money regardless of finding oil or not.

….. ‘Weaver’ JP? …..

All of the above have made substantial sums of varying degrees, of a reputed £200,000,000 million generated from the Sound, Echo and CORO ventures. The largest slice of the pie going to the moneyman who finances the companies: Fumagali/Continental and their various offshore exotic mechanisms.

The ownership of C4 Energy wasn’t disclosed in the RNS of 2nd October 2019. That omission was deliberate. It was a calculated ploy to set the NUOG shareprice to spike in an attempt to replicate the fantastic gains of the early days of Echo Energy. Pump and Dumpers were briefed to scream it from the rafters. It ultimately failed.

Sadly all three companies Sound, Echo and Coro ‘ultimately’ bombed. Now that isn’t a critique of any wrong doing. Far from it. In the real world the best any investor can ask for is a company does what it says on the tin: i.e. They get their licence, and drill it. All 3 companies have done exactly what they said they would do. They have ran and continue to run within the rules and regulations. On the whole their biggest failure has been geological and it’s geology that determines financial success or failure for shareholders. However it’s not the geology that determines success or failure for corporates it’s selling heavily discounted stock into ascending share prices.

The whispered Cuban licences for NUOG are a fantasy. One only needs to do what Liargas did with his ‘Fairy Tale’ and speak to the British Ambassador to Cuba who explained that O&G exploration in Cuba was 15-20 years away due to the Geo-political situation vis-a-vis the USA. Exit stage left Liargas from Cuban oil into cannabis.

Based upon historical performance of those now taking control of NUOG if it runs true to form then it’s nothing more than a corporate carve-up pre change of control…….

So, the questions are many. Too many for this blog. But questions will be put to those running the show and answers sought next week. Such as: Since when did an Oil & Gas CEO (JP) decide that issuing vulture finance packages and organising a select placing at ‘mates rates’ to mates, become more productive than finding oil and gas?

Viva

Dan

N.B: Kejserens nye klæder) is a short tale written by Danish author Hans Christian Andersen, about two weavers who promise an emperor a new suit of clothes that they say is invisible to those who are unfit for their positions, stupid, or incompetent – while in reality, they make no clothes at all, making everyone believe the clothes are invisible to them. When the emperor parades before his subjects in his new “clothes”, no one dares to say that they do not see any suit of clothes on him for fear that they will be seen as stupid. Finally a child cries out, “But he isn’t wearing anything at all!” The tale has been translated into over 100 languages.

23 October, 2019
Ascent Resources. Death By A 1,000 Cuts (Placings). Another Massive Discounted Placing On The Way!

Vultures now feeding.

Ascent Resources (LON: AST) Yesterday plunged the knife yet again into their own shareholders via a huge discounted placing raising a piss poor £750,000. The last placing they tried was with Primary Bid ‘in the bolloxs‘ which failed to flog the full allotment, of yet again, hugely discounted shares hence why the residual shares that Primary Bid couldn’t sell were off-loaded yesterday to yet more so called ‘Institutional’ investors. This is a bare-faced lie.

There are no ‘Institutions’ investing in Ascent. Just as in the Henderson Global, Darwin Strategic, Lombard days of chicanery, so called Institutional Investors. And we all know exactly where these Institutions are right now. Gone, vamoosh, scarpered with the loot after selling off all their heavily discounted shares leaving you the mug punters holding the CONfetti.

Gobshite Taking Cash To Ramp

Ascent has now hit rock bottom and is having to use ‘bottom feeder’ bucket shop finance. The new improved ‘Institutional Investors’ are in actual fact a small group of well known ‘Vulture’, one man band corporate flippers. Who will be ramping to fook on twitter, Total Market Shite, ‘Gone for a Burton’ and various BB threads under anonymous names. My sources tell me that one of the flippers is planning to flip out every time he’s showing a 15%-20% gain. I could name that individual but it would compromise a source. But he’s a well known corporate shyster who works in cahoots with twitter cowboys and is a chum of the under investigation First Equity Broker Mr Miles ‘Vulture’ McNulty who recently ‘dearly departed’ from twitter due to said investigation….

Ascent are embroiled in a costly legal dispute with the Slovenian Government, have piss poor deteriorating production that needs several million in capex spunking away every year on top of huge corporate overheads. The business isn’t viable. Come the Ascent Resources AGM, the Articles Of Association will be changed to allow Hutchinson to issue an unfettered amount of shares below ‘par value’. This is going to result in massive, and I mean massive dilution with a consolidation of shares in issue. Funnily enough round about the time ALL the corporate flippers will have sold all their discounted stock back to the mug punters. If you hold this stock for any length of time you are going to be wiped out. The Board have a history of not giving a flying fook about their shareholders. It’s all about keeping the lights on via whatever finance they can get.

New Improved ‘Institutional Investors’

Now we all know that CEO Colin Hutchinson, was left holding the entrails of the AST corpse after Clive Carver & Co jumped the sinking ship, (pockets filled with pay & expenses leaving him to wind down the company) has to raise money to survive otherwise it’s lights off and good night Vienna but when CEOs deliberately masquerade Corporate flippers as ‘Institutional Investors’ knowing full well that they will deliberately pump & dump to the detriment of genuine long suffering share-holders then it is time for shareholders to sell up and move on, particularly when the fundamentals are as shocking as Ascents. The next placing in Ascent Resources is already being planned by their newly installed joint broker SP Angel it will come post AGM. Of course they’ll now deny it till blue in the face and they’ll try to drag it out for as long as they can. But my source is within SP Angel and has confirmed that they were taken on specifically to assist in another cash raise post AGM. So expect more horse-shit RNS’s to artificially raise the SP.

I wont go into the cash raised pre Jan’ 2017. Otherwise I’d be here all day! Suffice it to say that AST has spunked away circa £40,000,000 pre 2017. Since January 2017 Ascent resources has raised £14,235,271. 2017 & 2018 production generated circa £2M in revenue. Production has steadily fallen. Last figure was circa £35K for March 2019. Down from an initial high of circa £200k per month.

Failure

Ascent resources has basically spent £7,000,000 per year to generate circa £1M. As a business that is unsustainable. Which is why Hutchinson is now grabbing low level bottom feeder finance. The Petisovci gas field is in terminal decline. It needs, and will always need, expensive workovers to deliver small gas. The Capex by far out-stretches the revenues generated which is why during the Strategic Review no fooker would touch it. It’s production will never get into the black. In what business would you invest £7,000,000 per year to make £1M? The talk of ‘Workovers’ is very apt here. It’s you the AST shareholders who are and will continue to be worked-over by Ascent Resources. Production has all but ground to a halt and the cash-burn will have to increase. Enter the latest batch of corporate shyster finance.

Talk of a new direction and new assets is a ‘Jackanory’, a white elephant. There’s no money for new assets. It’s a fig leaf to lessen the disaster that is the Petisovci field and the continual rape of UK Investors. This is only going one of two ways and that is administration/delisting or another team comes in and wipes out (again) share holders while heralding a new dawn…. We’ve all seen it many, many times. It never ends well.

Get out and stay out!

Viva

Dan

25 April, 2019
Union Jack Oil. Their Time Has Come. Buy A Slice Of The Pie…. Here’s Why!

*Take Note! Before I start some wise words to those who read & follow: Lot of interest in emails/texts and private DMs over the last few months on why I’m not as prolethic writing/tweeting/tipping stocks every day on companies. There’s a good reason: The simple truth is this: Most of the time investing/trading is about not getting suckered into the horse-shit. It’s about protecting capital while biding ones time until a real opportunity comes along, then getting your research done. Usually it’s a company that I’ve been tracking on the watch-list for months if not years. If that company gets to a point in time where it’s a crock of shit then I write it up negatively, if there’s a real opportunity then I write it up positively. Hence UJO which I’ve been following since the Wressle discovery. The way to keep some semblance of integrity/credibility is to resist running with the known rampers/mug punters. Plough your own farrow and always remember that it’s not as these fookers say a ‘Game’ it’s deadly serious peoples liveleyhoods are at stake.

The majority of companies never get there. Because they’re life-style companies. The AIM is awash with them. If, like me, you’ve been around for an age and a day, you know that most companies burn up. Any blogger/market commentator or financial platform that consistently writes, posts, podcasts/tweets on a daily basis nothing but ‘positivity’ on super dooper oil, tech, mining stock plays etc. Is a ‘scatter-gun cowboy’. And should be treated with the utmost caution. No one can call 40/50 stocks in a year positively. That is a fact! If you can get 5/6 right then you’re doing extremely well.

Occasionally, along comes a company that manages to get to a point in its business cycle of ticking all the right boxes. It doesn’t happen often but when it does there’s potential for huge financial gains. Such is the time for Union Jack Oil (LON: UJO). It’s a small micro-cap oiler that’s mainly under the radar, trading at one tenth of a penny (0.10p). What marks them out, as of now, is that their asset base, which is onshore UK, has the potential in the coming months of transforming them into a genuine UK oil producing company. Not many of those around these days…..

UJO have an interest in a whole host of UK onshore licenses, but for the purposes of this blog I’m concentrating on three of the licenses that will cause a re-rate should they do what most expect them to do, strike oil and gas or be allowed to get the production going (Wressle).

1/West Newton Gas Discovery: (16.6%) West Newton A-1 gas discovery (Best Estimate Contingent Resource 189 Bcfe or 31.5 MMboe gross), the West Newton conventional appraisal well is planned to be drilled in Q1 2019.

2/Wressle: (27.5% ) Is an oil discovery that’s mired in ‘legals’. It’s a bread and butter asset that has flowed oil and gas. The estimates of oil are circa 2.1 million barrels. Wressle is expected to flow at 500bopd minimum but could hit 1,000 bopd that’s somewhere between 137-264bopd net to UJO. All going well this should be resolved in late 2019/20.

3/Biscathorpe: The mean Prospective Resource volume for the main reservoir objective, as calculated by Egdon Resources (35.8%) is circa 14 million barrels of oil. Additionally, there’s a potential for stratigraphic trapping at Biscathorpe, which, if present, could increase the expected gross Prospective Resources to 41 million barrels of oil. UJO Own 22%. Drilling late 2018.

Now here’s the nub. 22% of 14m barrels of oil is circa 3m barrels net to UJO. If it’s 41M barrels then it’s circa 9m barrels of oil net to the company, on The West Newton A-1 gas discovery the Best Estimate Contingent Resource 189 Bcfe or 31.5 MMboe gross, the West Newton conventional appraisal well is planned to be drilled in Q1 2019. That’s circa 5MMboe net to UJO. On Wressle which is a discovery and has already flowed there’s 2.1m barrels of oil, 27.5% net to UJO that’s 550,000 barrels.

In total (not including their small producing assets), over the next few months, at the top end of the numbers Union Jack Oil are involved in three licences in play for circa 75,000,000m – 47,500,000m barrels of oil or equivalent. That’s more oil and gas than any UK onshore company currently listed on the London Alternative Investment Market (AIM). There is NO company that comes close to them.

Their share of the oil and gas is bigger than two of the biggest over-hyped POS’s currently deluding investors with fantasy claims of billions of barrels of oil in the Weald. While producing zippo! (UKOG and Angus Energy).

The difference in the SP and the market capitalisation is astounding. As is the quality of the UJO licences which by far out-strips UKOG & Angus Energy’s. It is only a question of time before they come on the radar and out-perform, SP and oil production wise, the Liargas plays and what’s more UJO are a conventional oiler. No fracking, all environmental regulations are adhered too.

UJO have quietly manoeuvred themselves into a potential winning hand. What’s more their recent placing takes out the spectre of imminent dilution. They’re fully funded going forward. Debt free. It doesn’t get any better than this for a micro-cap play.

How high can they go? That’s the million-dollar question. On the run up to the Biscathorpe spud if investors get behind it they could double or triple in value. If they strike oil at Biscathorpe and bring in the West Newton discovery revenue will start to flood in, then 0.50p-1p isn’t hard to see. Could hit 2p we just don’t know.

One thing is certain the SP will rise the closer the drills get and interest starts to pick up. Get a slice of the pie while it’s cheap, because ‘campers’ when it’s 0.30p you’ll be cursing!

Viva!

Dan

Nota Bene: I hold stock in UJO. Not that it’s any of your business!!!

18 October, 2018
Nostra Terra The ‘Circus’ of Lies. Back in Town. Clown Players Exposed!

I’ve been sat on some of this information for quite some time, as a matter of fact since 21st April 2018. Now remember that date, (which I’ll explain later down the thread). I’ve been waiting for a big enough example of the disgraceful, wholesale lies and fraud perpetuated by the main ‘players’ to appear and yesterday’s Nostra Terra Oil & Gas (LON: NTOG) so called ‘MM short’ that has been pumped out over the twitter and BB sphere now gives me the easiest example of the many failed Pump & Dump attempts this lot have perpetuated (not only on NTOG) on the gullible investors/traders, that can be duped into swallowing the utter ‘horsepox’ the band of not so ‘Merry Men’ perpetually scream online.

Yesterday and no doubt today, which isn’t the first and won’t be the last, there were five accounts on twitter and various accounts on London South East & ADVFN, pushing yet another Nostra Terra Oil & Gas SP manipulation. Come on down the ex-Vox booted director David (pay me, I’ll Ramp 4U) Burton, ably assisted by his ‘Clowns’ Ben Turney, Alex McKinley & Mikey Whitlow and last, but not least the NTOG shorting CEO, proven Liar and bullshitter Matt ‘scumbag’ Lofgran. All five are on twitter and four of the named individuals have separate platforms that blast out utter spurious guff, masquerading, as financial AIM market commentary 24 seven.

Apparently, according to ALL of the above, including the CEO of Nostra there’s a Market Maker (MM) short of stock in NTOG, inferring a ‘short squeeze’. One may ask how all 5 of these chaps came to that CONclusion? Bearing in mind that there’s absolutely no truth whatsoever to this unsubstantiated claim. Just quite what a CEO is doing on twitter stating such nonsense breaks every AIM rule in the book on sensitive financial disclosures…

Well let me tell you. On the 21st April 2018 the day of the UK Investor Show, four of the above met in a public house (Mr Burton, Mr McKinley, Mr Whitlow & Mr Turney) where they agreed, among other things, to form a ‘mutual self-help society‘ i.e. they made a pact and conspired to ‘Promote’ each other’s tweets and blogs/articles/podcasts. Sources who witnessed it also tell me that they believed they could become a force greater than ShareProphets. The deluded ‘Wannabees‘ thought they were going to take over the world of micro-‘crap’ info……

The terms of said ‘Clown Pact’ were/are to retweet and back up each other’s tweets/blogs/news/articles/podcasts. If you check all four twit timelines, (Deletions galore post this blog) you’ll notice an unhealthy correlation between ALL four accounts when it comes to certain stocks. Take for instance Nostra Terra Oil & Gas the piss poor microcap that cannot self-sustain without continually raising cash. It has to duck & dive via placings, warrant sales, it’s in debt up to its eyeballs, mired in legal disputes ad infinitum and has piss poor stripper well fields, which are touted as ‘company makers’. (Stripper well fields contain wells deemed economically at the end of their productive life and require constant cash burning workovers to slurp up the remaining dregs of oil left. Such wells produce a few barrels of oil per day, at best, then require shut-in for workovers etc.).

The economics of stripper well production when combined with the cash burn of an AIM listed company to flesh out the ‘Jackanory’ has one purpose and that is to fool the mugs into trading the stock to increase the liquidity so that the company can place and keep the balls in the air. ‘Balls’ being the fat fees those running the show take! Those that assist with the bogus promotion often trade into the rises and some like Turney & Burton and no doubt the others get paid or have been paid by the CONpanys. It’s nothing short of a scam.

The history of Lofgran is one of total failure and scurrilous lies. There is no short squeeze here. No Market Maker desperate for stock to close a short. It is sheer fantasy to enable, nay manipulate, the SP upwards for the yet again Placing that is inevitable. The shorting Shyster has been running around the City gauging the appetite for a Placing. Hence the continual ramptastic horseshit of the Band of not so ‘Merry Men’.

The Gang of four will no doubt deny it, however using NTOG as the example just check how many tweets, blogs, articles and podcasts there’s been on this POS from the ‘Merry’ men that’s been cross pollinated between themselves. Of course it could all be just a coincidence….. Sadly, the form book on other stocks they’ve all been cross-pollinating and ramping kills that Trumpian defence stone dead. As does their ‘Meeting’ in the boozer at the UK Investor Show on the 21st April 2018. Witnessed and 100% correct!

The ringmaster of this ‘circus of lies?’ David Burton of Tell Mugs Shite (TMS). The sad clowns perform for a few shekels…… Oh, what a wicked web we weave when we practice to…… Tell Mugs Shite!

Now not a lot of people knew this, but they do now!

Viva

Dan

1 August, 2018