aha... short but sweet. Important to note the stress Stephen put on how much of a TOTAL game changer this is. Also important to re-emphasise that the Cadeby appraisal is a BONUS. He acknowledge the rock characteristics are not good at the A2 site. Will they be better at B1?
But, even without it you have Gas AND Oil in the Kirkham Abbey which clearly has better characteristics. In abundance. So, is it going to be a win or a win-win ???
What no-one is really considering at this moment is the stress he also put on the fact that there are more West Newton lookalikes on the PEDL183 license area. Imagine if there are 2 or 3 WN's... the mind boggles.
They do also look very happy and confident..... I do hope it's good.
You can buy today on spud at the same price as in mid-July. Very lucky. Very good opportunity. Sitting back here are watching.....
Still a cheeky seller trying to hold it down.... but the price will pop all of a sudden... for no obvious reason. That's what it does...
Remember Romania. people have written off IMIC-1. The pressure build up may have been better than many expect. IMIC-2 due to spud this month and the Tamaska situation need clarifying. Did they break contract? Reparation?
Aha, nice one Rubey. You were only 1 day out as opposed to the 4/5 guestimate of Share-Talk....
Good to see it's a domestically owned and operated rig. It is the rig Manwell predicted I believe. Very good an very exciting to be finally targeting this, hopefully, very significant onshore asset close to infrastructure and end user/processors.
and 16 minutes after I posted up pops Share-Talk to say they think drilling commenced.... so you were correct Rubey!
Unofficial - Drilling has commenced #WestNewton B-1 #UJO #RBD Drilled to an approximate depth of 2,000 metres and is expected to take six to ten weeks to complete. Will continue 24 hours a day
Looking at the video footage looks like casing - roustabouts on the drill floor