Member Info for Gwynwin

just to say I read something and not by UJO
Europa highlighted that 710 barrels of oil equivalent per day were recovered ruing Wressle testing from three separate reservoirs with further development including producing additional reserves in the *****tone Flags formation expected in the future.

You lost me in your translation, however I think time will tell and the facts will tell
so we will leave it to the time we start flowing and then increasing as it goes see who is right.
I am invested and looking forward to a nice little earner if I lose it is down to me.
However I cannot see a loss here the sky is the limit WN Bis and what ever comes on line.

Sorry I maybe wrong as it is in early days 200 net a day as below.
More immediately also will be the Wressle field, which is expected to come on stream at a rate of 500 barrels per day (200net) in the first quarter of 2021.

Modelling has inferred a breakeven price of US$17.62/bbl, highlighting the compelling project economics on offer at the project in the current oil price environment said SP Angel.
But 500 a day in the end

Based on the West Newton outcome, the broker raised its price target to 0.88p from 0.82p and retains a strong buy rating.

Inflexion points

Wressle can come on stream at 500 barrels per day
West Newton has potential to much larger than originally thought
Flow test at West Newton confirms potential

Yes it would be silly a 200 barrel tanker sitting around for two and a half days toget a full load not very good economy me thinks.

FOUND IN ANOTHER RNS
During the current EWT the Zone 3A perforations were produced for a total of 254hrs over a 13 day period from the 5th to 17th July 2015. Zone 3A was initially produced by sucker rod pump and was then allowed to free flow to surface after the wellbore and perforations had fully cleaned-up. Over the full 13 day period the following separator cumulative volumes were produced: - 1,127 barrels ("bbl") of oil, 147 bbl of kill brine and 2,790 Mscf of gas.

RNStranslator Reading the Beano or rns maybe you should look up RNS 5713T 21 July 2015
just the *****tone Flags reservoir alone in the Wressle find when Choked was 105 BOPD.
So look up the other tested RNS's on Wressle and tell what you find.
There is three Reservior Intervals Ashover Grit Wingfield Flags and the above.

Just evened my holding up by 998038 to keep even millions this will make anyone money in the next two weeks hopefully maybe 4 weeks.

I have read the test was 700 a day but silly council has a 500 a day cap but three lorries could cart 600 a day away and 500 is still three lorries a day on site.

With the consolidation now over and lint after there money will Edl issue 2 million shares reducing share by a 1/5 to clear the dept and a few shillings left over .

see link below could be good for EDL

https://www.ippmedia.com/en/news/minister-tells-tanesco-pull-katavi-kigoma-national-grid

Around end of Jan or early Feb last quarter results that will be the turning point with the info of a Dividend and for them not holding shares on X Day hard cheese.
60P easy.

I read a post from Hollybean on the 28 Dec 2020 sounds like he is doing well.
So I thought I ask could he spare a few bob for 2021 to an old Hasbean.

200 barrels a day from Wressle on it's own approx. 4449.0 pounds a day at today price and exchange rates.
Not bad for a minnow with lots more to top up with WN, BIS and work overs increasing the barrels what ever is in the pipeline or on the company books.
You might call this ramping but it is pure facts, hopefully I get to see the first 6 months profit of this year. You have to be cautious with the dreaded viruses around.

Brexit who cares better we had no deal this country has no leaders worth a sixpence.
1 they sat back and let the French do there thing what about the drivers being tested in France before coming here or is the UK people not worth protecting we are all expendable
or just sit back and let the world tell us what to do Unbelievable.
All down to the goody people we must not upset anyone just let them walk all over us.

Not much better myself young instead of you haha

Aerial young mean you would not put money on it not being mined.
There is a lot of work in South Africa that is using Coal by the tons .
You cannot go modern over night you need to earn money to invest in new tech.
So lots of cement producers using coal and that is only one lot.

For all them that honk the car spells down fall for the Oil Business Read below.
Enough gasoline to drive a medium-sized car over 450km (280 miles).
Enough distillate fuel to drive a large truck for almost 65km (40 miles). If jet fuel fraction is included, that same truck can run nearly 80km (50 miles).
Nearly 70 kWh of electricity at a power plant generated by residual fuel.
About 1.8 kg (4 lbs) of charcoal briquettes.
Enough propane to fill 12 small (14.1 ounce) cylinders for home, camping or workshop use.
Asphalt to make about 3.8 L (one gallon) of tar for patching roofs or streets.
Lubricants to make about a 0.95 L (one quart) of motor oil.
Wax for 170 birthday candles or 27 wax crayons.
But that’s not all. After producing all of the above products, there’s also enough petrochemicals leftover to be used as a base for one of the following:

39 polyester shirts
750 pocket combs
540 toothbrushes
65 plastic dustpans
23 hula hoops
65 plastic drinking cups
195 one-cup measuring cups
11 plastic telephone housings
135 four-inch rubber balls
Oil is not a one-trick pony, and the gooey black liquid actually has thousands of applications. The above serves as one example of how a barrel could be used, but here’s a list of many other oil applications. It includes everything from guitar strings to antihistamines.

Whatever your opinion is of fossil fuels, it’s still pretty astonishing what can be produced out of each barrel of oil.

Long way from buy out as the rule of thumb is 2.44 times earnings would not be much yet need a few more wells on production first

Well I have evened up so I can have the full thousand to one shares and hope it is upward bound maybe get out with a little tiny loss.
Then who knows it is a loss at present so ere is hoping 20p to 60p in new year but which one me thinks.

I was working on around 40 dollars a barrel however for every 5 dollars more that is 2000 dollars a day more all depends on price it can also drop to 35 dollars or less depends on supply and demand.