Member Info for Heid

West Newton work must be carried out by June 2026 under a work programme agreed a year ago by NSTA

Thats what most bought in for, but thanks to Rathlin an Reabold it is still sits empty an uncommercial.

But you couldnt be happier with your UK assets David ?

Pennystones ?! Legal action restarting against Wressle expansion per Ruth Hayhurst with Ashover declining.

Keddington. Maybe a pump RNS pre AGM with pressure build up on initial flows ?! I cant see any director buy ins...

9p ... yep, 9p.

How many years for Flopsy to go in to profit ? 😂😂

You gotta wonder what Mocassin will drop off to by next year ?

These US wells seem mighty expensive for the returns to shareholders Zac Phillips that you gloated about ?

' They didn't do it before because it wasn't the best technical option ie new hole drilled with oil based mud and a long horizontal section which they told us solved the previous issues. This is the fall back but affordable option, enter an old well previously drilled with water based mud, so they have to run a prop squeeze to try and connect into effective porosity and permeability outwith the water damaged zone. The fundamental issue with this type of carbonate reservoir is that the interconnectivity of the porosity is unpredictable as it's mainly formed after deposition. Standard practice in other geographies is to drill long horizontal wells to try and connect as much broadly unpredictable fracturing and vuggy zones as possible, hopefully with some primary porosity helping. The volumes suggested make assumptions based on estimates of what that interconnectivity is and how far it extends. As always it will require a long test to see what gas volume is in connection to the well, pressure support etc etc . '

kim_clay

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' Porosity ' ... 🙊 👍!!👍👍

I didn't think old Finch would take that decision without a fight.

Ding Ding round two 🥊🥊

Https://drillordrop.com/2025/06/16/legal-action-restarts-against-wressle-expansion/

Oil price falling again.

Trump ... “Iran and Israel should make a deal, and will make a deal, just like I got India and Pakistan to make. ... Many calls and meetings now taking place. I do a lot, and never get credit for anything, but that’s OK, the PEOPLE understand. MAKE THE MIDDLE EAST GREAT AGAIN!”

Also I hope you are keeping up with kim_clay's posts on ADVFN ? Very clever poster an knows all the ins an outs - More than I ever would technically 👍!!👍👍

If it goes t1t5 up just read the decommissioning costs involved that Kim has posted about.

'. what I dont get about WN is that RBD has been saying for a while that to re-enter and re-complete a well will cost £1.4m and get the gas flowing which in turn will fund further work. So why didnt they do that 2 or 3 years ago? '

likeawalrus '

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Oh come on ! You know the answer to that. Just read the salaries on the annual accounts for all CEOs. The future remains bright. Why rush ?!

But of course you have to ask yourself will West Newton be mobilised this year per the annual report by Reabold ?!

What if they need to stimulate any other zones at West Newton an a blanket ban is announced by the government ?! Same applies to Pennystones...?!

'Bear in mind the TWO ceo's awarded themselves a bonus of £44'000 each while shareholders got absolutely nothing except capital depreciation.

..so all they have done is invest money they didn't deserve!'

itswrap on RBD.

Agreed !

Stephen an Sachin's salary with bonus each just shy of £300,000

Gee wizz they bought some shares for £50,000

Must be an AGM coming up to save face ?!!

*J O’Farrell 2024 £150,000 2023 £177,500.

Salary !!

Director Dealing

19 Jun 2023

UJO

Mr. Joseph O'Farrell

31.25 pence (weighted average). 133,400

J O’Farrell 2024 £150,000 2023 £177,500

😂😂😂

I actually find Ruth Hayhurst's content more informative than you get out of any CEO. They ramp when they need to an confess to not wanting to get in trouble with the NOMAD when it suits them, Trust an confidence 100% ZERO.

Here is your answer though:

https://drillordrop.com/2025/06/12/west-newton-well-stimulation-scheduled/

Am I right in thinking West Newton will need fracks ?

They took way, way too long getting this moving imo.

Reabold...'The JV is fully funded for re-entry and recompletion which is expected to commence in Q4 2025 / Q1 2026. Further updates will be provided in due course.'

Looks like the pump an dump is happening at Reabold.

How many years has West Newton sat uncommercial after all the hype ?!

13/6/2025

"According to Rathlins most recent accounts (23) Rathlins share of decom on WN wells (due end 24 but subsequently deferred until they've finished re entering WNA2) was £1.7mm.That's £2.4mm in total. So that's £400k to RBD and UJO.RBD in their latest results state: "The Company is not obliged to meet other joint venture partner shares of these programmes." This is true with respect to committed NSTA work programmes, in fact these work programmes are in effect discretionary as the only sanction is that NSTA don't extend or cancel the licence. The abandonment of wells is usually however a requirement under the licence (rather than a mutually agreed work programme), and usually falls under the joint and several obligation, meaning that they are each liable for their share but also the entire cost if the other JV partners are no longer around. If the re entry programme cannot demonstrate commerciality then that becomes tricky as the obligation to abandon then occurs. At this point I guess Rathlin is pretty much a busted flush, and I suppose in theory at least RBD and UJO could relinquish their interest leaving Rathlin at 100% and holding the bag...and unable to finance the abandonments - so the question is what happens then? "

kim_clay ADVFN

You better get on with proppant squeezing any of your sites as it looks like it could be banned at some point. Pennystone Flags ??!

https://drillordrop.com/2025/06/10/government-fracking-ban-to-consider-all-volumes-minister/

" So far so good..."

" Couldnt be happier.."

David 2024 salary

£325,000