Member Info for feelinlucky

....presumably the plan being to promptly RTO Rathlin into EOG rapidly so avoiding 'lack of cash'...it could work!

you say 'a potential shares deal with RBD could be something EOG can use to 'raise' against'...surely this would dilute the RBD EOG shares acquired so would surely be prohibited within the terms of such a deal, so they would have to borrow by other means...or would they instead farm out to RBD?......(all speculative argument of course!)

...apart from the fact BMD the pumper tweeted it?.....personally think Biscathorpe would need huge raise on the back of good news flow from WN........larger-stake partners unlikely to sell off WN until a few more drills ie. WNB-2, WNC, WND.

Tolmount exploration licence is offshore just to the east of West Newton and quite close by

Creditors vote on 22 Feb last few rubber stampings will take place over the next month or so......that's one suitor waiting!

If the newly merged entity wants to add very low cost near term production to it's portfolio (very light oil, possibly condensate and gas near pipeline infrastructure plus green credentials next to Humber freeport development area) and isn't snobbish about onshore assets, then it would do very well to buy up West Newton from RBD and partners UJO and Rathlin, already an offshore-sized discovery with excellent porosity about to be tested (as soon as extended well test, @3 months testing, details finalised) oil water contact not yet encountered due to depth of oil column

See PMO bb.....see comments by JenniferE (who appears well clued-up person there) 20 Dec and 7 Jan. Shows how big a player it will be and how much of a wad they'll have if/when taking us out

2pm vote on. https://www.fool.co.uk/investing/2021/01/12/is-the-premier-oil-price-too-cheap/ I'm not the greatest fan of MF but some points it makes are interesting, particularly the need to reduce cost per barrel, which makes a move on WN by the new entity Harbour Energy VERY likely (they don't mention that the deal wipes out the PMO debt). Harbour will want to buy in low cost production to it's portfolio, and surely not snobbish about an onshore play if it's a good un.....us?

said tuesday re Wressle ,UJO, EDR, EOG so probably just expecting some Wressle flow news.....but still wondering why he's made so much fuss around suggesting a RBD deal previously....and what makes him think news specifically tuesday? (just idle speculation)

Chryasor RTO of PMO

seems very sure about next tuesday.....co-incidentally date the Chryasor Premier oil merger deal gets voted on, after which they may be persueing further deals/acquisitions.....??????????

Ta for your cheery message......(from a grumpy git with toothache!) Appologies all for todays 'throwing cat among pigeons' debate ... HNY, FL :-0

that is what I meant, operatorship split across other partnership increases expenditure to them and there's planning process paperwork to inherit also ...and DB just lent them £1m for Wressle obligations.......let's hope Wressle comes good for all involved!

if EDR went bust think how many of UJO's portfolio assets are operated by it!!!...something to keep in mind

Grey Panther, I hope you are right that they paid for EWT already....but what must be on their minds must be the looming Biscathorpe costs, all the talk via the Broker Man Daniel backchannel seems pitched at getting shareholders to agree to a quick sale of West Newton pre EWT! (I don't honestly think any major would buy out an onshore asset on pie in the sky guesstimate whatever people think, they surely would only pay up once they know it flows and how much there is after all that's work explorers do, not majors.. the deep pocket guys turn up once the asset is proven) so why are David Bramhill and pals(?) making us think that someone is likely to snap up the asset untested? there is imo no way rathlin/ RBD won't do EWT as they believe they are onto such a good thing...is UJO wanting a quick 'out' selling to the other partners via a type of structured deal to save/acquire itsself cash for Biscathorpe? with Egdon's finances in very bad shape they might end up funding more of it

smaller partner UJO may want to see Wressle flowing first before chipping in it's share of EWT costs?

probably our smaller partner UJO needing to flow Wressle before committing it's share of funds to WN flow test? may have various options on how to fund depending on Wressle results?

what I'm saying is why try to expensively engage in a water injection well development before establishing what is going on at Halifax?

Lancaster is closer to the aquifer driving oil to surface than Halifax and Dr T's theory about a sloping owc and connectedness between the two is correct......just how attractive would that make Halifax and just how diddled are we being right now re. volumes of oil

kind of puts a timeframe challenge out there....dastardly re-ramping management will have to 'do their worst' straight into Q1, before Spirit get sold!...and if HUR buyer wants that FPSO they might want to do Halifax drilling this year to hook it up to!...weather window, rig, planning etc. ..... no time to waste surely, things could kick off soon?