Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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‘Job seekers? Clearly you have no understanding of who invests in shares.’
Clearly you have no understanding of the financial status of those still invested in this share.
Having bought in around .6, how’s your investment looking, cloves?
Hope you didn’t invest all that money you made from the paper round.
Loves C
Ock,
Still floundering.
Hi Cloves, I'm sorry you are disappointed with my response. If you re-read my post you'll see that I haven't blamed our joint CEO's for the geology at WN or for the test results. They are not technical people and I understand they are reliant on experts in those fields. What I was going on about was their poor decision making and over-optimistic commentaries. By way of ancient example I mention the abortive Deltic bid, more recently their going on about the Cadeby potential when there wasn't any, and generally over-egging the WN pudding up until now. The CEO commentary that accompanied some of our WN press releases was, IMO, completely "over the top". Their comparing it to Wytch Farm was another good example. UJO's comments have, in general, been much more restrained. Perhaps their CEO listens more carefully to what his experts tell him.
"Middle management? What a curious thing to accuse someone of. For what it's worth, I have run my own businesses since I was in my early 20's, and sold my last business not too long ago."
cloves......Paper rounds really don't count in the business world!
GP, don't worry about cloves, he or she is just angry that as a new investor they've lost money believing in the promotional hype of the company.
Feb 21 0.6p : "As a newbie to investing, but not new to business, I find the posts by RNSTranslator very disruptive and unhelpful. I waste so much time researching what he says, only to find he is being misleading. The same goes for persimmon. If these people were really being helpful to new investors, they would point us to sources of genuine information, not provide distorted information as fact."
Perhaps if you had considered both the upside and the downside you might not be sitting on shares at 0.16 rather than 0.6p. Many who are new to investing, suffer from confirmatory bias, they only listen/believe stuff that they want to hear and dismiss the stuff that they don't want to hear... and of course they need to blame others when it doesn't work out the way they think it should...
‘ Actually GP, I am very disappointed with your answer.’
There’s that middle management speak again - I’m sure GP is devastated, Rubey.
70% tree huggers
25% market abusers
5% currently claiming jobseeker’s
Selfish, you seem trifle upset. Is that because you do not like the truth, or because you have missed your deadline to take your medication?
Cloves. I wouldn't really worry about a few people posting an alternative view on this board, or what you call "deramping", when Ant and Dec are doing such a good job for us. It's their actions and / or inactions that have caused most of the damage to the share price.
Because I hate c**ts like you getting away with driving away shareholders, persimmon...... Not too complicated an answer for you I hope.
I suppose Selfish it then begs the question
what are you doing on here?
70% tree huggers
25% market abusers
5% actual shareholders
This is the distribution of posts on here. And 100% claim to be shareholders or ex-shareholders. Actual shareholders shouldn't bother with London South East anymore. It's SHlT!
Derampers
Working on Sunday. Overtime. Keep it up boys
Semantics
Hi persimmon. What I actually said was "Or, to put it simply, 10 x NEXT TO NOTHING is still very little". That's still opinion
"RNST is one of the passengers who never wants to arrive, but wants to make the journey for shareholders as unpleasant as possible." Cloves, in answer to your question about are we there yet...
I'm no longer a passenger, I got off when Eric and Ernie repeatedly promised transformational activity, only for it to be quietly forgotten and the next "big thing" was pushed forward as the new transformational opportunity, only to be quietly left behind and never mentioned again... a magical mystery tour for those of you still on the bus. The journey has indeed been unpleasant for some, perhaps you should talk to the drivers about that, clearly Eric and Ernie are not headed up the M1 at speed to a 5* hotel in the Lake District as they promised, seems you're actually on the B3212 on the way to Crapstone, Devon. and yes you're almost there! (quite appropriate, given the reservoir quality)
Exploration,
Many thanks for sharing your knowledge on these difficult carbonate structures. One can only hope they are consulting the competent 3rd Parties. Better still, why not employ a crew with experience of these horizontal specialised drills. I would be delighted to hear such news via RNS.
I have to say I was not enamoured nor surprised at the result when Rathlin announced they would approach the A2 test in the same method as B1.
Harry
RonnieB, to me it seems that the 2 wells so far have been irreversibly damaged so stimulation won´t work. Best to find the the best place for the B2 well & hope that Rathlin don´t screw things up again.
RonnieB, the decision to apply for the additional wells was made well before the results were known of the undertaken drills of B1-z and A2. If they hade proved to be viable then the time to bring a potential sale into play would have been shortened by this forward planning.
Of course we are probably looking at the opposite now that the preliminary results are out, and the timing window will be pushed out to the maximum before a decision is made on appealing, thereby hoping for Victory to live up to its name!
What was the point in applying for additional 6 wells; if 2 already drilled don't flow another 6 will probably not flow either. I assume the next prudent approach is to stimulate the 2 already drilled wells before drilling another. Anyway will be interesting to see what news comes out over the next couple of weeks on plans going forward.
GP
Good points. When RBD say ‘gas and liquids recovered to surface’ I expect it could be either reverse circulated to the production tubing or, more likely, recovered to the surface via a wireline formation tester (a few cu.cm.) at reservoir pressure and temperature for PVT analysis. PVT samples are collected in a pressurised container at the reservoir level and analysed to determine how fluid phases in the well are ‘liberated’ as pressure and temperature decline.
The reservoir engineering aspects of fractures are highly dependent on bed thickness. As a rule, thin beds have lots of closely spaced small fractures, whereas thick beds - like the Kirkham Abbey - have fewer, widely spaced large fractures. The maths of fluid flow in fractures reveals effective permeability is a function of the cube of bed sickness i.e. double the bed thickness and you get eight times the permeability. This suggests that finding the big natural fracture zones by horizontal drilling in a tight carbonate is fundamental to establishing commercial flow rates.
I agree with what G.P has just posted, apart from the ten x nothing is still very little. In fact ten x nothing is nothing.
Given the dynamic duo's record to get us where we are today and their transformational news on Colter, Parta and now West Newton we must expect Victory to also be transformational.
As I have said Victory will become the pre-eminent for play now, and expect West Newton will be quietly retired to become just background noise. I do not expect any appeal against the recent decision of East Riding County council. The odds are stacked against Commercialisation. They (Stephen and Sachin) have become gamblers just like Deemule and cloves, and I would not be surprised to see another transformation asset as yet unknown to share holders unveiled shortly.
Hi RonnieB. You asked about doing a proppant squeeze at WN, presumably because similar work seems to have been very successful at Wressle. IMO a squeeze might not work at WN because the reservoir is very different to Wresssle, even allowing for any reservoir damage caused by over-acidisation, etc. For example, Wressle is a sandstone reservoir with some very good intervals within it. These flowed oil at potentially commercial rates at an early stage during the initial production testing some years ago. At WN we may have a complex carbonate (dolomite and / or limestone) reservoir, much of which may be "tight", or not very good at allowing oil or gas to flow. Also, it seem to me that we don't yet have any decent flow rates to enhance. To be honest, I'm not yet convinced about the reservoir quality at WN, in spite of the early enthusiastic comments by S&S. This is only an opinion, of course, but a ten fold increase in WN production, based on what we've seen so far, wouldn't amount to very much. Or, to put it simply, 10 x next to nothing is still very little. We would need to get production rates of at least 1 million cubic feet of gas per day for this to have a chance of commercial success, and I'm not sur if thy can make this happen in the sshort term, now that all the kit has been taken away
Why should I as you seem to regard yourself as the font of all knowledge ?
I wonder if a proppant squeeze will be applied at West Newton?