Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Hand up here !!
I bet we don't have the oil 'flowing' at Wressle till July now.
Biscathorpe, I called side track 2022 while back
That's Oil an Gas for you.
As for West Newton. Great footage from Roofers and BakedBeans dean of recent. Wait for official news but all good things happening . That's my thinking.
RNST stated, with his usual charming delivery:
'factual enough fckwit…??'
Well no, it's obviously not. You're distorting the truth again. Mark Abbott said the proppant squeeze would be completed during June, and they would know during the operation if it has worked. Optimum oil production would be achieved before the end of June, and let's face it, they'll have to release an RNS to that effect.
The reference to mid-July was obviously to confirm to the liaison group that they would know the result before their next meeting, which should be late July.
McNumby
From the Wressle community update meeting 1st June.
Mark Abbott said…
“Egdon would know during the operation if it has worked and within a week to know how it has worked. By mid-July therefore Egdon will be able to report if it has been successful and if the sidetrack is required. “
factual enough fckwit…??
I think it's one of his FACTS (as he likes to describe them). The last I heard from the horse's mouth was that it will be in June.
Latest from Abbot was mid July for the PS results.
Never knew that. Bet it's fun though. Must be like a rodeo ride.
1st June 21 meeting the second notes on my tweet.
No worries. Splitting a week here or there doesn't really matter.
Heid,
RNS was dated 18th May, the community notes date from early March, timeline moved forward.
I see that my post was deleted. It's brewers droop for UKOG.
Community minutes :
https://twitter.com/Heid_oil/status/1404412268952141828?s=20
if we aren't setting up now , takes us in to July for Wressle.
West Newton is all good in my mind too. We wait. Everything is good. Lots.
Is it ? Not going by the community minutes in my mind.
One time Biscathorpe was drilled this year and I said no way. Now they sneak it in as probably next year.
I have no problem with that ...it is being realistic where oil and gas is concerned.
As for Wressle - soon.
Heid,
Proppant squeeze to be completed this month per quote from RNS.
"The operation is expected to be completed and optimum oil production achieved during June 2021".
80-100 at a push I heard Heid
Then on to West Newton A.
Wressle flowing
Another Royalty
Potential sale of UJO's West Newton % OR other options here.
Biscathorpe
Keddington.
Lots of catalysts.
I agree with crocman....
back in september.... last year, The Placing and Subscription
The Company has raised £7 million before expenses by way of a placing and subscription of 4,375,000,000 New Ordinary Shares of 0.025p each at a price of 0.16p per New Ordinary Share. The Fundraising comprises a Placing of 4,127,187,500 New Ordinary Shares and a Subscription of 247,812,500 New Ordinary Shares. SP Angel Corporate Finance LLP acted as sole broker on the Placing.
in todays money - post consolidation, - this 7 million quid, now equates to 20million shares out of the current 99million total market capital. At 30p, they are even, due to the mates rates, at 60p, they will be 100% up.
even if they only top slice to get their initial investment back, that means potentialy 10million shares will be sold, leaving 10 million on a free ride, or, sell the lot and get 14million quid back
so, what croqman says seems a realistic view of the target, 50p... just my opinion.
My 'look and see' target is also around the 50p level in the short term.
I believe this is around the diluted equivalent (pre-consolidation) that this reached before the prior 2 placings (higher SP level before the first, lower SP level before the 2nd), which seemed good value at the time based on expectations from each asset.
Dilution from these placings means 50p could well be a higher mcap than those previous levels (not done the maths),
Any action I take around this SP will depend on what news takes us to this level, how quickly it gets there (steady rise, or big jump), and what news is expected next, and when.
Again, depending on what news takes this to the 50p level, this is where I see profit taking, rather than the higher target mentioned (90p).
Plenty of news to look forward to here whatever your outlook
gla
50p gets me back to pre-placing… that would be a nice start. But since the price is being kept down for something, I can only think that all our keen doom & gloom friends here will be able to pile in, with the given-ups all gone, just in time for the usual 3-400% explosive rise, to take it somewhere near those tipped prices. Game on…. I’m ready!
I would be interested in other predictions. Please add your thoughts.
I'm expecting a good result from WN B and the proppant squeeze at 500 BOPD by 1st August..
Conservative 90p traders take profits...start WN A at 80p
What’s your target price for August 1st Heid?
The Forties Pipeline System will shut down between May 27 and June 16 to allow critical work to be carried out, with the main focus on Cruden Bay.
The 310-mile long system opened in 1975 and is responsible for transporting about 40% of UK North Sea oil and gas to shore.
Ineos announced its plans to invest £500 million to keep the system open and reliable for at least a further 20 years
******** Brent 74.15 $ / Barrel....*********
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Evening musings....
- Total announced that it will be carbon neutral by 2050
- Total announced global oil demand will peak around 2030
- Total to start oil production in Uganda in 2025
Mark Ronson will sort my head out on that hypocrisy.
https://www.youtube.com/watch?v=OPf0YbXqDm0
One last thing. Hull Peter said how quiet the site was. Well cross that off the greenies moaning list then. The site is in the middle of no where.
"Two little protestors sitting at the gate,
One named Peter and Dicky Wise his mate ..
Fly away pilot..don't come back,
Cause all of your sniffing and your footage is cr@p."