Member Info for Gwynwin

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.

Funstar you said it that would be guessing if they say it now.

So let it run and the results will count on the next information release.

Or do you want numbers that would or could be incorrect.

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.

Sorry screwed up I could not see my first post bloody computers too slow.

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.

That is the 64000 dollar question however we will see over the ne.xt 5 trading days up or down ….?????

Hard up that is me very hard up . wants a rise to £ asap cannot wait time is ticking bits falling of, coughs and spluttering need the money now haha

Hey Plumber bit of wishful thinking at the end of your post

Or just jealousy creeping in and you ain’t got a penny invested haha.

Cummings was the worst one he was supposed to be the great advisor

More a rand and raver it seems to the calls and text just bullying all around him

And he is trying to cover it up biggest liar in the pack

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

And I thought November started next Wednesday

Still there is a lot of magic wand people on this board.

can some one explain why they keep on about drilling the penny stone and wingfield when you read below that they have already with drawn oil from them back in the testing days please read below if you have had oil from each why the need to drill or some one just stirring as usual.

further information on wressle

the wressle-1 well was drilled in 2014 and tested in 2015. during testing, a total of 710 barrels of oil

equivalent per day were recovered from three separate reservoirs: the ashover grit; the wingfield flags; and the *****tone flags. in september 2016, a competent person's report ('cpr') provided

independent estimates of reserves and contingent and prospective oil and gas resources for wressle of

2.15 million stock tank barrels classified as discovered (2p+2c). further development of wressle,

including producing additional reserves existing in the *****tone flags formation, is expected in the

future.

Wish my finger would do what the mind is thinking.

2.4 million barrels at 100 dollars is 240 million but at 75 dollars 180 million UJO's share 40% equals 72 million less the 17 million all ready in bank leaves 55 in the future at 75 but if it stays around the hundred then lots more in the coffers of UJO and any new money will be added on when time comes

Sorry I got this totally wrong the Wressle well with 4.4 million barrels estimate at 200 dollars a barrel worth in total 240 mollion dollars at 75 a barrel worth 180 milllion dolats that means Ujo share total over all 72 million dollars at the 75 a barrel leaves 55 million to come could buy out its self Three times with spare to run the business what more could you wish in a company .

30 million dollars as that is what is paid for a barrel, dollars

For all those Nay and no Sayers here is the situ as so far Wressle was estimated 2.4 million barrels in situ. And from Feb 2021 at 500 barrels a day only 500000 out to date so on the estimate, that leaves 1.9 million to go and other prospects still bubbling along until the ones in power say no so here we hang with good prospects of getting another 30 million plus just for UJO out of Wressle and still some left in the well. cannot fault the business. Roll on some more good news on the way putting the nays out to grass.