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.....it's a tough crowd on here! ;-))
https://www.brrmedia.co.uk/broadcasts/612f202312f0cb436ea68773/
they thought it would it a tight formation, it wasn't, as a result the strong acidisation approach was the wrong one and the acid gushed into the unexpectedly well-fractured wellbore causing damage (reacted with limestone)...they'll wait and see if WN-A2 has benefitted from 'time' cleaning up....maybe cleanup over time possible WN-B1z and/ further remediation......some people saying it's tight just isn't what the boys said is it?
in the works, they'd be better off borrowing off the back of the CPR, it would make no sense at all to dilute at these low levels as that would just be giving it away
...ask a native Greek to explain this to you ;-))
Marshmallow!
they both still didn't tell us what type of hydrocarbons, but It was clear they BOTH did not say oil (which they could easily have casually referred to), so will assume very light and borderline for condensate?
;-)
already spent $350m on appraisal work on Chudditch before boundary dispute happened (now resolved) and they dropped their plans, they may not want to miss out this time round.......
...buy out Carnarvon? ...move on BOIL(before Shell does)?
..not COE!
suppose you mean UJO coe David Bramhill and Nighthawk? I read the echoed screams from the sinking ship on ADVFN, which is why I prefer RBD (also got put off by placing leaks (and not impressed by the photo with him holding bloody leeks meant as a joke!)....wierdly he's still involved with a company called Nighthawk even after it was folded despite being profitable but succumbed to a dodgy loan setup...can't say he was part of that plot but he has benefitted (it would appear) seems a bit shameless that the the name Nighthawk is still in use.....would like to hear his explanation
now be willing to do a deal with us giving us full control of West Newton in exchange for royalties once producing or a guaranteed share in case of a buy-out
Yes. UJO a jv partner in West Newton has all it's other assets' future development under Petrichor control (via Petrichor's control of EDR the operator)
EDR/UJO/EOG Wressle jv luckily now producing so UJO has some cash flow, but Petrichor now has significant influence over UJO's cashflow and ability to develop assets other than West Newton
within our connected companies....Petrichor has gained 46% of EDR shares, so in control of UJO's portfolio of assets which are largely EDR JV's....also EOG is impacted as a Wressle JV partner.....EOG has said it has some corporate moves imminent (it is in a stronger position with farmouts also due)......Petrichor is pretending to be interested in shale gas which requires fracking (frankly not a credible motive, must be after Biscathorpe really....or maybe more?)
DB not been videoing interviews as you would have expected on the Wressle reult, so there might be something interesting brewing....not like him to shun the limelight opportunities is it?!!!
Agree totally......just shifted the 'robbing' to new target where can get away with it, the little people on AIM
total bulls*tter, does this sort of thing regularly! (usually right before he expects news to land)
In Flatearther's posted link earlier today did anyone else hear Jacob Rees-Mogg asking a question at 11.03 mins in?
They're both young and inexperienced, if business model still same as three years+ ago they need to do some growing up and get more experienced people on the bod. If you don't know what your exit strategy is you don't have a business, so far so lucky, but may soon make bad mistakes like utilising that loan facility. While California was easy for getting started, it is now a part of their portfolio which has not been fully argued for and merits vs risk examined. Three years ago it might have been easier to sell on once developed, but that does not mean that nothing's changed since. Has it really become more attractive since they got involved with it? They need discipline in what gets spent on projects and how long they chase them for and if that money could be better spent elsewhere(rebalance portfolio in favour of better quality more recent investments), and to acknowlege their inexperience where teams on the ground might draw them in to further unintended investment (the disadvantage of 'not having a central team').