Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
all numbers net to RBD.......
My view on the interview yesterday and the numbers we have is that they are modeling based on 100bpd per well @ WB and 50bpd per well at MS, (obviously can be more can be less)
with VG3, VG4, B2a, B2b and workovers we should be at around 500 ish bpd.
Thats approx £5m net back to RBD which as Steven said totaly underpins the share price.
with another 8 wells on MS and 1 on WB at the above numbers that doubles our production as per Steven yesterday. all probably well within 12 months.
and all that without thinking about ANY OTHER ASSETS.
I always was and continue to be a happy holder.
Bloody brill!!! excellent news
Hi WW. Thats interesting. Is that paid for windy or something else? Free windy is showing higher than that at 2100 albeit not by much. I certainly would prefer your forecast. And the AM crew certainly think its worth a shot as it stands. As you say we will see. Heres hoping eh
Excellent : - )
Beat me to the destination change Sipp haha.
Just checked windy (again) and has got worse since i checked a couple hours ago so who knows. im not getting excited yet but fingers crossed.
Make your sacrifices to Poseidon now
Https://audioboom.com/posts/7196209-united-oil-gas-versarien-reabold-resources-russ-mould
'Thats a shame, not going to be able to monetize this asset now as no one would buy it without further drilling and testing which i can't see happening. The extra £750K spent to increase share has turned out to be a waste of money.
Desperately need a good result in Cali now as pressure is on.'
I disagree, the colter south prospect could be increased from 15m given colter south is now larger than first thought. and the pre drill level of commercial viability was something like 3-5m cant remember what the Numbers was so these numbers are in fact commercial
cali is light oil... priced against brent. this is the 3rd time ive told you this, your either thicker than a brick sandwich or you are trolling.......... i wonder which it could be.
if your after a lower entry this is it, jump on board
just re read the news from RBD, easy to focus on the bad but..........
'The more northerly location of the fault results in a larger areal extent than previously mapped at Colter South, which modelled a 15 million barrel Pmean potential resource'............
so it could get bigger. we were only estimating 23m on colter so were not far off that. i dont think we've actualy done as bad as it all seems here
Haha. The sky is falling the sky is falling. I dont think it will be. but if it is a duster i dont care. Were currently drilling MS. If you listed to the latest interview sachin talks about 10 wells on MS. 10! We havnt even started parta. That could be huge. West newton is nice and has a huge bonus oil prospect. And they are talking about adding more cali assets. Oh yeh and GI . In cali they have purchased drilled and are almost on production for enough bopd to cover our share price alone. On its own. Without any other assets. All done in a year. No debt. Cash on hand...... it goes on and on So as was rightly said. Were all feeling pretty comfy here thanks
Just listened to this again. http://bit.ly/2NKtbpj Realy excelent overview of cali. further running room on west brentwood (after 300% over expectation result not surprised lol) and possible 10 wells on MS. 10! Plus a hint of further cali asset purchase. Exciting times Long may the rise continue!
Hi sipp. Man thats a shame you didnt get a fully clear day at mp but at least you got something reasonable. Jeez there must be some rain coming down there. Thats an angry looking river. Sounds like your on an epic adventure! I had wanted to go to rio on my trip but ran out of cash : - ) now that will be something to experiance for sure. Hope you enjoy yourself. Take care.
I added to my position this morning with all my spare change as wednesday started to look very good and thought the am might set off sunday. Looks like others might have thought the same this aft? Hope theyve got the rope! Fingers crossed.
Andalas Energy and Power plc CEO, Simon Gorringe, said:
"The initial results from Colter have delivered valuable information on the potential of an additional hydrocarbon structure called the Colter South Prospect. This is an added bonus and offers opportunity for future appraisal to increase the overall value of the Colter licence area. The oil and gas shows encountered in Colter South mean that we maintain our confidence levels for the side-track into the main the main Colter Prospect target. We look forward to updating share in the coming weeks."
Malcolm Butler, Chairman and CEO of Baron, commented:
"The initial well bore has given valuable information on the potential of the Colter South Prospect, which will be integrated into our existing analysis of the structure in this area. We are now moving forward with the side-track into the Sherwood Sandstone reservoir in our main Colter Prospect target
United Oil & Gas PLC CEO, Brian Larkin, said: "Initial results from Colter have delivered a bonus in the form of an additional hydrocarbon structure, which has excellent initial oil and gas shows. This offers opportunity for future appraisal and to increase the overall value of the Colter licence for our shareholders. More work will be required to determine the resource potential within the structure, and we will update shareholders on the outcome of the side-track well in the coming weeks."
Sorry all for OT. Also wrt to the heavy rain/weather sipp.... a guy i ended up rafting with took the extended 6 day trek to MP that realy went off the beaten track. Apparanty they got cought in a monster rain and snow storm on the mountains and they lost 2 of the pack mules in a mud slide. Lucky they didnt lose anyone. Was pretty bloody scary apparantly so i couldnt complain too much about the clouds!