RE: Fantastic Achievement24 Aug 2021 16:49
Malcolm Graham-Wood nailed it today for me with his tweet:
'Fantastic news from Wressle today from @UnionJackOil which ‘transform the economics of the company’. 500+ barrels a day, bring it on !'
Rubey also made an interesting comment on Reabold board:
'The Wressle result is good news for Reabold, as well as for Union Jack Oil, as it strengthens the JV partners position regarding the sale of West Newton. It also makes Europa a potential RTO target for Corallian. Don't forget, one of our CEOs is on both boards!'
For me David is without a doubt transforming Union Jack Oil and all of the pieces are coming together very nicely. I have every confidence that West Newton will be a HUGE success. Side track at Keddington, another Royalty...etc etc Biscathorpe - interestingly David's favourite child and one that Graham Bull never let go of. I bet that one is a belter too.
This time next year, David will be holding a solid sum of money. Oil is at 70 $ / Barrel again today. With the oil demand trap, lack of investment in to fossil fuels, demand for oil increasing as covid improves an vaccines are taken up worldwide more, OPEC seem very disciplined and Prince Abdulaziz bin Salman of Saudi Arabia meant what he said..he will drill every molecule of oil.... Oil will rise !
The Gas is nailed on at West Newton and we have seen the glow of the flare down hole. I support energy for the UK and not imported. Boris Johnson does too and that is clear in his policy paper 17th August supporting blue hydrogen from natural gas. Big players are already involved on multiple projects close to West Newton that will snap our gas up. I go with a few interested parties in our share of West Newton.