Member Info for Heid

what sort of bull sh1 t are you going to come out with this time about leaks.

You are like a one trick pony who only knows how to spout rubbish.

Never mind Wressle producing ....oh no that doesnt come in to your vocabulary.

Disappear off with your beloved persimmon. Would not surprise me in the least if you are one of those that message the God Of Aim..Brokerman Daniel about my posts.

your back then mirasol, great joy.

hello Lyn,

Hows bog off sound.

'Rubey'

I am sure he is reading this board still but not posting.

I have one LSE account and one Twitter account.

END.

European gas prices surge as Gazprom mutes hopes for more supplies . As if you thought Putin would help the UK. His not even bothering with going to COP26 nor is China's Xi Jinping.

Oh when will our government fall in that the shale in the north could have saved families from fuel poverty in the UK an not relied on imports. Mind you , look at the councillors who 'thought' they knew best for our country rejecting West Newton.

But we all know what higher gas prices mean, hello 100 dollar oil, as consumers swop from gas and coal to oil. The world is not ready for the increase in demand after Covid.

The good news is, BIGGER profits for Wressle.

Lovely.

I will of course be quoting 2022 MickyBee.

Let's concentrate on Wressle for now and then lets see what comes back on West Newton's review.

Brent Oil rising today again.

There are dislocations here which will maintain the momentum.

Brent will pass 90 Dollars in Q4 - OPEC are preparing the way for 100 Dollars.

China is slowing down. The planes are taking off and we are not prepared with the jet fuel from covid. The question is where is the top here ? It's not coming yet.

As an investor I am happy as I know that this is very good profits that David is banking from Wressle and will get even better as we go head towards December. I see the flow rates at Wressle increasing higher ones works are completed too coupled with this rising oil price.

GLA.

You suggest I sell ? No way am I doing that. Not with Wressle pumping money in to the bank !!

Also , I look forward to the review of West Newton to be published.

Sachin Reabold 13th October :

"We are very pleased that the test programme has confirmed significant discoveries at West Newton at both the A and B sites, particularly via the recovery of both natural gas and hydrocarbon liquids to surface. "

Are you after my shares on the cheap jacklevi...because you will NOT be getting mine !

Sachin Oza, co-CEO of Reabold, commented:

“We are very pleased that the test programme has confirmed significant discoveries at West Newton at both the A and B sites, particularly via the recovery of both natural gas and hydrocarbon liquids to surface. The test programme has provided us with an abundance of data which will now be used to establish the optimum drilling and completion techniques for oil and gas production at West Newton. The B1-Z and A-2 wells are available for stimulation to achieve near term flow, and we already have permissions in place to drill the next well on the field.

The market was brutal yesterday as many had expected better news from West Newton although oil and gas were recovered to surface, not just seen on logs. The fact that it is moveable should de-risk the potential although it is clear that the reservoir is highly complicated and sensitive to fluids, particularly water based ones.

A significant amount of data has been recovered including liquids samples and confirmation of zones which was one of the key reasons for the test was undertaken, this should dictate what type of well is drilled next and presumably with oil based fluids.

Whilst some are disappointed with this result it is by no means the end of what is a very substantial area for production of hydrocarbons. The Greater Newton area still looks like it has the prize of a substantial, economically attractive play once it is unlocked.

Both companies have been critised for raising money ahead of this but they are incorrect conclusions. UJO has a highly successful play at Wressle which needed additional funding and Reabold raised in January so as not to come to the market now after the reaction that we have seen. Speaking to the company today they said that Reabold ‘has no intention of doing a fund raise at the moment’ which should put that particular rumour to bed.

Reabold has been hit as the market thinks West Newton is all it has, actually Victory is looking good and California is still very live and in Romania the company is targeting prospects. As for UJO the company have clearly got plenty of other projects not least at Wressle where the numbers are very impressive indeed.

David Bramhill, Executive Chairman of Union Jack, commented:
“The results from West Newton confirm substantial conventional onshore hydrocarbon discoveries.
“The Operator’s updated analysis of the best estimate in-place hydrocarbon volumes, aggregated
across West Newton and the three largest prospects, highlights a significant proportion are liquids.
“In order to unlock the value potential at West Newton and across the PEDL183 licence, over the
coming weeks a number of external studies will be conducted, encompassing a wide range of potential
reservoir stimulation treatments, the results of which could be applied to the West Newton series of
wells in order to achieve optimum flow rates.”

Union Jack Oil/Reabold Resources
Union Jack Oil and Reabold, have yesterday announced an update in respect of the West Newton A-1, A-2 and B-1z discovery wells as part of the Extended Well Test programme, accompanied by an updated estimate of in-place oil and gas volumetrics of the Kirkham Abbey reservoir in the Greater West Newton area of PEDL183.

The results of the EWT have confirmed that the WNA-1, WNA-2 and WNB-1z wells are substantial hydrocarbon discoveries. Gas and light oil/condensate were recovered to surface from the WNA-2 and WNB-1z wells, although sustained flow rates were not achieved, and multiple samples have been gathered for geochemical analysis which is currently underway.

The large suite of data accumulated during the EWT`s including downhole logs, pressure data, geochemical and core analysis will be used to progress a reservoir modelling study to determine the optimum production design for the Kirkham Abbey reservoir.

Over the coming weeks, a number of external studies, utilising the knowledge of specialist carbonate reservoir modelling energy consultants will be conducted, encompassing a wide range of potential reservoir stimulation treatments, the results of which could be applied to the West Newton series of wells, in order to achieve optimum flow rates.

I guess I am showing my banking days there persimmon.

Send me a direct message on my twitter as I would enjoy chatting with you further so as not to take up this board. Russia, China all fascinate me immensely.

https://twitter.com/Heid_oil

Hello persimmon,

I have presented my revenues the same as the UJO RNS dated 21st September in dollars net to the company.

I anticipate some outstanding numbers for Q4 2021 and Q1 2022 with momentum will continuing in to Q4 of this year with rising oil prices with demand set to exceed 1mln barrels of oil/day.

Also, I see an interesting week to come with Chinese GDP numbers to come out. UK inflation numbers out for us on Wednesday. I could see the UK being forced in to making an interest rate hike soon. To me we are vulnerable to stagflation. When we was in the EU we could benefit from our own currency going between the dollar an the Euro. Now, we have to sort our own expenditures with the pound and our inflation pressures are higher. Obviously we have just come out of Brexit too. Weighing things up I do tend to swing towards interest rate increases. Lets see how right i am ..again.

I do not know your game here, yet again, Mirasol but whether you like it or not Wressle IS producing and by my calculations must have netted Union Jack Oil the first million dollars. The last RNS was 21st September which stated since production 19th Aug (65.43 $ oil) has netted UJO 480,000 $ net. One month later of production, an oil price now at 85 dollars and rising, I see at LEAST two million dollars profit by Xmas. Now if production increases from the works taking place this could be substantially higher.

By my reckoning, taking in to account the oil price rising, I believe that Union Jack Oil must have just netted one million dollars from Wressle production.

With demand outstripping supply in Q4 I see Brent Oil price rising further towards 90$ which means even more profits.

With the forward plan to upgrade the gas handling equipment to enable increased production volume I see much higher profits from Wressle to come.

Many congratulations to all of the partners involved with Wressle, this is a huge achievement that they all should be very proud of indeed.

I guessed you was on twitter.

Have a nice evening

RNSTranslator.... What does '#tmfog' mean ?

Please could you tell me what this means RNSTranslator, I see it on some tweets ?
#tmfog ???

With the income anticipated from Wressle, let's hope there are no more placings.