Member Info for Heid

Ouch !

https://www.rete8.it/cronaca/987-bomba-parere-negativo-del-comitato-via-al-progetto-di-estrazione-del-gas/

The Environmental Impact Assessment Committee has issued a negative opinion on the gas extraction project in Bomba. The H2O Forum is pleased, emphasizing the high environmental risks: now we need to be vigilant.

The Abruzzo Region's Environmental Impact Assessment (VIA) Committee has issued a negative opinion to LNEnergy Srl regarding the "Small Scale LNG Plant Colle Santo Gas Field" project for gas extraction in Bomba (Chieti). The Abruzzo Forum of Water Movements announced its decision on July 20th and described it as "yet another rejection of a patently flawed 'fossil' project, being located in areas at extreme risk of landslides and landslides, as well as being highly seismic," adding that the project "would impact several Natura 2000 sites of Community importance."

How will this leave Wressle an the Pennystone Flags if proppant squeezes are banned ?! I'm guessing one will be reqd ?!

Maybe if these operators had got a shifty on the red tape would not have closed in on them.

I mean..why is West Newton sat idle ?!

Did Reabold devote their energies to Colle Santo ?!

Https://drillordrop.com/

The most important news that you should be following is how the anti fossil fuelers are urging the UK government to close the loophole on all types of fracking including proppant squeezes. Ruth's page is a testament to this.

IMO West Newton has taken way too long to ever be the big commercial gas find we all once believed it would be with proppant squeezes reqd to develope the site?!

Https://drillordrop.com/

The most important news that you should be following is how the anti fossil fuelers are urging the UK government to close the loophole on all types of fracking including proppant squeezes. Ruth's page is a testament to this.

IMO West Newton has taken way too long to ever be the big commercial gas find we all once believed it would be with proppant squeezes reqd to develope the site?!

The future's bright......

Here comes seven.

Sells showing at 7.62

Absolute failure to shareholders

Translate the news write from Italy that I just posted re Colle Santo.

Https://www.abruzzolive.tv/emergenzambiente/trivelle-sul-lago-di-bomba-stop-della-regione-abruzzo-no-ad-estrazione-gas-it37704.html

Https://www.abruzzolive.tv/emergenzambiente/trivelle-sul-lago-di-bomba-stop-della-regione-abruzzo-no-ad-estrazione-gas-it37704.html

As I just posted on Reabold wall 'Very interesting document Simon. I hope you took time to read it fully.'

Do you think West Newton's future is pinned on Colle Santo decision re funding etc ?!

Very interesting document Simon. I hope you took time to read it fully.

Kim Clay doesn't half know a lot technically !

Very informative poster.

Translation from Malcy speak:Successful - found some oil and gas in their wells.dynamic - ever changing plansSignificant growth available - plenty of other people's wells to fund if needed.Every chance - you never know it might actually happen.

kim_clay (ADVFN)

If you take the 3 month typical payback statement from the results you can back calculate the current Sark expectation.. If you assume payback includes both the drilling and completion costs as well as the historical costs to get to drilling then using Sark-1 as the example and based on the published numbers. .Cost to drill $1.05mm, Historic costs $400k. Total $1.45mm250 bbls/day for 90 days is 22.5k bbls @ $69 per bbl less$5 per bbl opex gives $1.44mm. So the expectation being set is that Sark will flow at an average of 250bbl/day for 90 days. That's on a whole field basis.However payback for Reach and UJO is different:Reach: Their participation cost in the well is $210k for drilling and $160k in historic costs. That's $370k at 100 bbls per day net (40%) that's 57 days to payback. For UJO it's $1.1mm cost and production of 150bbls per day it's 114 days, both assume 250 bbls per day for the entire period to payback.

kim_clay (ADVFN)

They will have done all the DD on the things they farm into. My own observation is that it looks like most of the pre UJO wells Reach drilled seem to have had a similar profile, rapid decline but a long term stable but low production rate. They were, and continue to be, explicit in suggesting payback in months, "Typical wells drilled in the Wilzetta Fault can produce approximately 250 barrels of oil per day providing pay-back within three months." - Annual Results May. however it seems that it has at least to date there has been an underestimation , either in terms of decline rates or they weren't as successful in terms of the expected geological outcomes, we don't actually know which Im not sure it's helpful either, putting out caveated flow rates and chance of success numbers like "open hole" flow of 621 bpd based on a few hours initial testing and 65% cos of "moveable hydrocarbons" - when most investors don't really understand what these caveats actually mean.

kim_clay ( ADVFN)

An if this drill fails on a falling share price ?!

Don't you think the risk versus reward is very concerning for shareholders ?!

A Placing is being discussed on ADVFN if Pennystones get the go ahead ?!

Hmmmm....not impressive at this moment in time.

Mind you chances of West Newton being mobilised this year is more likely than David an Joe sticking £100,000 in for some shares ..oh an the new boy on the block Craig becoming a shareholder...Zac some options ? Graham ? Shares ?!

Oh come on, why not ?!

Lets hope you do'nt get wressle planning or Im guessing a placing will be needed !??

But will proppant squeezes be banned !?? #WRESSLE #WESTNEWTON

Here they come !!

What management approach to risk on an 8p share price, Zac ?

What is clearly an affectively communicated ? Itsawrap does the best updates

Transparency is crap here ! What are you talking about Zac