Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
We are now half the price of UKOG and are going to be producing from a reservoir 4 times thicker then HH is, Balcombe is an oil discovery that is now funded and being brought into production too. Common sense should start to prevail soon.
You have to move on and look at the positives, what’s done is done. Balcombe is funded for production, and Brockham will be flowing very soon. Sod the board room spats, we have the assets and at this price it’s a steal.
https://twitter.com/wealdoilers/status/1083326143682494464?s=21
Thanks pboo
So in the presentation they are saying that the kimmeridge section in Lidsey 2, actually contains movable oil. So more proof that the whole of the kimmeridge is absolutely saturated! I wonder if Angus have already put in an application to produce from the kimmeridge at Lidsey? What a gift Angus is at this price, Convert the other wells we have already drilled, and this company will be massive in no time!
Stop deramping love joy, everything we’ve seen on-site so far is positive, we’re not drilling a bloody wild cat drill! The oil is down there, we know that as Angus have already extensively logged the well using the latest equipment and It’s now ready to flow, hopefully an RNS in the morning.