The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
If all goes well soon 360 40% of new top number
or 300 of bottom number at 80 dollars 300 x 80 = 24000 dollars per day nearly a quarter mil every 10 days on the lower number not bad for a one trick pony at present with 1.8 million barrels to go at minimum unless they discover more in or around the well 780000 barrels is UJO cut of the 1.8 mill to come
In 2024 it could be a lot more.
“Our forecasts continue to indicate a robust financial performance and, noting in particular Union Jack’s debt-free balance sheet, shareholder-friendly distribution policy, strong cash generation and undemanding rating on standard trading multiples, our Risked NAV estimate is confidently maintained at 90p/share,” Howie added.
That maybe however they may have a clearance on work overs and starting up after a shutdown due to safety reasons
so as to not incur a problems in the environment with accidents.
We are under rules and laws that must take all into considerations.
Anyway the 11 of this month will they add a little bonus or Share dividend. The 64000 dollar question.
He timing for the drilling of West Newton B-2 has been delayed to the first half of 2024, but despite this, the project remains a pivotal opportunity for Reabold, with the potential to significantly elevate the company's profile and valuation, said Cavendish
Reabold, holding a 56% economic interest in West Newton, is financially prepared for its direct share of the well, estimated at a gross cost of $15 million (£12.4 million) to Rathlin Energy.
Reabold's financial readiness is bolstered by the anticipated receipt of a £9.5 million second tranche contingent payment from Shell for the sale of the Victory asset.
This inflow, expected upon the project's development consent, may position Reabold to extend additional funding support to Rathlin Energy, Cavendish surmised.
The project, located on licence PEDL 183 on the UK northeast coast, is estimated to have an 86% chance of success, and with “little priced into
LOT LOWER THAN YOUR ESTIMATES
THis is a long way short of your estimates jabez***
See below
he timing for the drilling of West Newton B-2 has been delayed to the first half of 2024, but despite this, the project remains a pivotal opportunity for Reabold, with the potential to significantly elevate the company's profile and valuation, said Cavendish
Reabold, holding a 56% economic interest in West Newton, is financially prepared for its direct share of the well, estimated at a gross cost of $15 million (£12.4 million) to Rathlin Energy.
Reabold's financial readiness is bolstered by the anticipated receipt of a £9.5 million second tranche contingent payment from Shell for the sale of the Victory asset.
This inflow, expected upon the project's development consent, may position Reabold to extend additional funding support to Rathlin Energy, Cavendish surmised.
The project, located on licence PEDL 183 on the UK northeast coast, is estimated to have an 86% chance of success, and with “little priced into
And note UJO is only 16 to 17 % of that 12.5 million pounds a drop in the ocean say 1.9 million will not break the bank month to two months money from Wressle.
Phoo T A C and others are you all thick ?. First it has never run at 750 every month Yes in testing Days. It could be running at 950 now using up the allowance of gas to be flared that was not Flared due to down time. It will not run at that Unless they have piped or contained the gas that comes with that amount of oil production.
Note there has always been a restriction on production due to limited tons allowed to be flared each day.
So there will be the next one or two RNS's before the settled production and if they have the gas exported so they can produce more oil.
Note there is a lot of Magic Wand Wavers on Here So I think they must be great D I Y ers and finish there D I Y on time every time or they do have magic Wands Where Can I Buy One ?
Hopefully excited enough to get the JV s to pull finger out and start drilling while it hot to go.
Also what will the council pay out to the JVs for having to wait over a year for at our expense
1 or 2 million at least
Will this mean Hey co will be sniffing around 40% of Wressle and 45% of Bis with other possibilities along the way added to the 30% of Egdon already plus the 55% 0f Bis could be a nice little earner for them all under there umbrella.
with a buy out for the other JV in Wressle cash deal. and lots of profit for them in the future.
Here is why the UK has become a Spent Force
So they hold up the production and licensing for the UK Onshore
To Give the Profits to Who Ever Wants T Impot Into the UK
UK risks becoming dependent on oil & gas imports as North Sea production dries up