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Reabold's Finals are imminent (if not overdue), we should have a a CS update very soon. Beacon expect final Ministerial approval this summer, seems optimistic, Q4 or Q1 imo. I believe they can progress certain things on the ground - curious that the webcam isnt up any more.

Bramhill will be plugged and abandoned next week : )

Surely selling Wressle would be difficult/complicated because of the Revenue Swap Agreement?

Perhaps Bramhill has a Gregg's franchise?

2021 Finals - With planning consent already in place, Keddington presents an opportunity to increase oil production via a relatively inexpensive development side-track from one of the existing wells. In addition, near-field exploration targets exist at Keddington South and Louth, with Mean Prospective Resources of 635,000 and 600,000 barrels of oil in place respectively.

Hi pboo, I was referring to Egdon having spare cash. Egdon said for 3 years running the Kedd side-track would be drilled as it would be low-cost with big upside. Yet here we are with Brent quite robust, if it isnt economic to side-track now, was it ever? Was it all b/s?

An interesting question. wrt the uk - Egdon has long-standing permission to drill a side-track and 2 new wells at Keddington. They also have £1m spare cash - so why haven't they drilled the side-track? Best case scenario WN-2 will happen in Q4, much more likely Q2/Q3 2027 imo. So there is some hope for the UK assets but Howie needs to get cash-burn under control asap. (fortunately the Bisc planning application means decom costs are deferred for a while)

Do remember it's a loan facility so will be drawn down only if required. imo there is no need to use it at the moment as H1 revenue should be quite robust thanks to Trump. Even taking into account pay-offs, cash should be ok - no £250k for WN-2 for several months, no Bisc decom costs due to the planning app, so where are the big ticket items that lead us to a loan facility?

...perhaps saying that they will drag this out is unfair, what is fair to say is that RBD has a a very strong track record of totally unrealistic time-frames. I expect Q4 2026 to be equally unrealistic - hopefully they will prove me wrong.

The NSTA have recently approved a change of the work programme which allows for the licence to be retained in its current form until June 2030.

...the 30.06.26 deadline has been extended by 4 years so the pressure is off, the cynic in me expects them to drag it out for a while, H1 2027 anyone?

Morning Pq, I dropped the Rathlin articles into chatgpt and asked it to summarise next steps in chronological order, here's what it said.

Finalise remaining regulatory approvals and operational conditions

Carry out site preparation (including road works and temporary closure)

Conduct the well stimulation (WNA-2)

Monitor the stimulation and ensure compliance with environmental controls

If successful, proceed to planning and execution of the extended well test (EWT)

Collect and analyse EWT results over ~12 months

Decide on field development pathway based on results

Evaluate gas export options or local use

Potentially deploy small-scale onsite power generation during early flows

Ongoing stakeholder engagement throughout

Longer-term planning continues toward potential development up to 2030

(“Stakeholder engagement” and “regulatory compliance” are continuous throughout, not single steps)

Year end cash of £1.46m appeared to show a relatively healthy cash pile but...

we know that UJO had a USD3m commitment for 3 wells in OK, of which Sark (£703k write-off), Crossroads (year end spend of £168k) and Wolverine (year end spend zero) so that leaves about £1.35m of the circa £2.22m commitment not transferred as at year end.

With Crossroads underway, it likely £500k-£600k as been spent in H1, plus outrageous salaries, is it any surprise UJO needs a little top-up to pay soon-to-be sacked Directors?

Re Bsc, this is what drillordrop says

Egdon Resources has applied for planning permission to retain the former Biscathorpe oil compound near Louth, including hardstanding, surrounding earth mounds, security gates and fencing, access track and drain.

If granted, decom costs will be negligible considering the site is empty - maybe additional protection around the wellhead?

- Cash and cash equivalents at year end amounted to £1,460,847

- Brent & WTI have soared during H1 and DB said they are cost cutting,

WN is going ahead so no decom costs, Bisc has a planning application for the farmer so no decom costs there at the moment, the only large costs are the £250k for WN-2 which is months away and salaries of course so what the hell are they up to?

Of course the 325 is for the month but there was no data for March so the question is, did production start on the 1st or later in the month? If 15 bpd is true (always doubtful with Bramhill), then production may have started around the 6th or 7th

That 325 is very likely to be part of the month, I believe DB said currently 15 bpd so maybe 3/4 of the month?

HTTps://www.rathlin-energy.co.uk/latest-update/

Both the NSTA and the EA have now approved the HFP.

The NSTA have recently approved a change of the work programme which allows for the licence to be retained in its current form until June 2030.

Moccasin

Jan 1150, Feb 1307, Mar 1482, Apr 1302

In April 2026 ok.gov shows Taylor produced 325 barrels of oil...it's about time!

Https://drillordrop.com/2026/06/03/egdon-seeks-to-keep-abandoned-lincolnshire-well-pad/

Egdon Resources has applied for planning permission to retain the former Biscathorpe oil compound near Louth, including hardstanding, surrounding earth mounds, security gates and fencing, access track and drain. - this could save £100k's in decommissioning costs