Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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His presentation says drilling WN H2 2024, he went on to say they can guaranty it will be drilled this year...yet it's my understanding from the Rathlin accounts that the drill license expires in June. Can anyone reconcile this for me, what am I missing?
love the west newton flow chart full production final date 2025+.....should it really be re-designated 2025+??
noticeable is the absence of the q & a session following william's bull**** address.
NVG, yes a dreadful presentation. I just sat here shaking my head in despair watching it. 😩
He reminds me of ricky gervais, all he needs to do is grow a beard
Watched the Investor Presentation - a lesson in how to be exposed as a complete bullsh(1t)er by going to the wrong place.
A positive upbeat presentation by Stephen when the floor was his, as soon as it was opened up for questions and the reality of the situation kicked in he became more and more deflated, fidgety, nervous - the change in body language and demeanour was a joy to behold...
What do you think Jack, do you think it was a positive step - the share price certainly hasn't recovered off the back of a load of canny Scots believing him and buying some shares ??!
Colle Santo won't make RBD any money and WN remains a coin to55, he admitted that the rest of the nonsense was worthless so it's now more of a complete punt than ever - if you'll excuse the rhyming slang.
Just keep running 🏃♀️ as fast as you can in the opposite direction it's just too scary to watch... 😨😨🏃♀️JMO
Apologies this was for the Union Jack board.
Our posts got removed after someones rudeness to me AGAIN
Pls could you explain about the shorting here today an what your resolution would be ?
Thank you.
#RBD @ReaboldPLC Mr Stephen Williams presenting at Investor Evening 27th Feb 2024
#UJO @UnionJackOilplc #WestNewton #RBD #ColleSanto
A must listen !!
https://x.com/Heid_oil/status/1763598546387837155?s=20
Just keep running 🏃♀️ as fast as you can in the opposite direction it's just too scary to watch... 😨😨🏃♀️JMO
Hey Manwell, it's good to see you are still out there. JackD should be able to advise on why the company has taken your 'cheap' route .
Yes I still want the two despicable and incompetent sphincters out!
Any potential investors Just keep running 🏃♀️ as fast as you can in the opposite direction to RBD...it's just too scary to watch... 😨😨🏃♀️JMO
Yep, don't know why they bothered apart from telling us that as a result of their actions we're all booked.
The two sphincters will find out come June this company will be done for!
Share price reflecting what a superb delivery of a presentation the jokers provided last night.
It's odd that Rathlin has yet to post any updates on their website
Manwell couldn't agree more, money wasted on the "conceptual gas development plan" & I'm damn sure they've taken the cheaper option, I'm aghast at the amateurish stance taken by Rathlin & RBD must take some responsibility as majority shareholders & with an idiot on their Board. Years have been wasted here due to financial mismanagement which is not good enough. Like many here I have a lot of reservations about WN ever going forward. Surely you agree that S&S are not fit for purpose.
Maxwell couldn't agree more, money wasted on the "conceptual gas development plan" & I'm damn sure they've taken the cheaper option, I'm aghast at the amateurish stance taken by Rathlin & RBD must take some responsibility as majority shareholders & with an idiot on their Board. Years have been wasted here due to financial mismanagement which is not good enough. Like many here I have a lot of reservations about WN ever going forward. Surely you agree that S&S are not fit for purpose.
Unfortunately this appears to be a totally uninvestable company since Dumb and Dumber have thrown £ millions into projects that have no future. The only persons to make money out of RBD appears to be the two incompetent idiots in charge is that not the case? JMO Adyor!
Agree, I think RBD will not want to go into NSTA's 'black book' so will will see movement....probable just enough to satisfy the NSTA yet be enough to give a long delay to events.
The Chuckle Brothers would have had more productive ideas about the correct well to drill at WN than Dumb and Dumber running this outfit. 🙄
This is note 25 in the 2022 accounts from Rathlin - states as follows:
"On 01.03.2023 the NSTA formally agreed with the Company's proposal to reorder the additional components of the Company's work programme such that the drilling and testing of a new Kirkham Abbey deviated or horizontal appraisal well be undertaken by June 2024, the recompletion or sidetrack and testing of the WNA-1, WNA-2, or WNB-1Z well also be completed in that same timeframe, and a field development plan be submitted by June 2025."
note "completed in that same timeframe". Paul my guess is if drilling/testing is underway as at 30.06 they will be given more time - almost by default. If nothing is happening it's my opinion that the permission to drill will expire and further permission will have to be applied for from the NSTA. Does anyone read this differently?
such a frustrating rns to read from a technical point of view. after all the data gathering, analysis and well modelling they still decide to go against those results and drill highly deviated because its cheaper. do it cheap do it twice.
rich data set from drilling and testing will inform drilling of first optimised horizontal well (b-2).
horizontal wells will expose significantly more reservoir to the wellbore and allow for enhanced productivity potential.
all future development wells expected to be horizontal.
rps modelled expected rates based using an optimised completion method and horizontal well.
modelled 35.6 mcfd gas flow (5,900 barrels of oil equivalent) as daily average rate for first month production.
the feedback from all the data sounds really good and promising doesn't it jv team - i think if we drill a horizontal well it could potentially unlock the whole field - yeah it does, but i tell you what.....why don't we drill highly deviated and go and look at a new target when the projects on its ****! excellent idea - it will be cheaper and it wont produce as much but at least we get to look at something else. (said the geologist)
Can someone clarify the June deadline, what happens if we have done nothing by then?