Member Info for Loz786

No one knows but my personal target is between 1.1 - 1.2.
Drilling, I expect it to be end of Quarter 2021 but see spud price 3p plus imo.

Hopefully, this is the month.

Paul did say he sees ease of travelling from October, so happy with that timeline.

Phew.
Let's move on from this saga and get back to our existing assets.

Excellent news today.
Just need Morocco news sober can finally say goodbye to sub 4.
This is a good time to buy and looking at 3 months could give you a bagge and that's before Morocco results imo.

I would have been against this but luckily it's rejected.
Let's just focus on our current assets, flip an asset once it comes to fruition until then avoid new assets imo.

https://www.energyvoice.com/oilandgas/north-sea/252596/deltic-energy-unequivocally-rejects-12-3m-takeover-offer-from-reabold-resources/

https://www.energyvoice.com/oilandgas/north-sea/252596/deltic-energy-unequivocally-rejects-12-3m-takeover-offer-from-reabold-resources/

Still here,
Average of 3.5 so not fussed but will add here again within few weeks regardless of price.

milnrowmug - Tbf he has shared some good info on the ground previously, here earlier today he has mentioned 5 oil tanks at NW.

https://twitter.com/Spears07/status/1281527527283085312

Courtesy of Stuart from Twitter:

https://twitter.com/Spears07/status/1281530318730801152

https://twitter.com/Spears07/status/1281529406440308737

Courtesy of Stuart from Twitter:

https://twitter.com/Spears07/status/1281530318730801152

https://twitter.com/Spears07/status/1281529406440308737

Closing over .22 over the next couple of trading session is key and then the next target should be .32, as per AntMwah charts.
Small rises like these will keep the traders away too :-)

Last year article but shows why RBD invested heavily in WN.

Stephen Williams of Reabold said drillers had only expected to discover gas at the West Newton site. He said: “When we went into the drilling we had expected it all to be gas. “We had previously said there could be significant liquid components but that we did not know what this was. “Analysis has now shown this is essentially an oil field with a gas cap and that's important for us because the valuation of oil is typically significantly higher than gas and is easier to develop with less surface equipment required and less capex to get started."

https://www.express.co.uk/news/uk/1171490/oil-news-uk-discovery-hull-West-Newton-Reabold-Resources-Union-Jack-Oil-Rathlin-Energy

https://www.express.co.uk/news/uk/1171490/oil-news-uk-discovery-hull-West-Newton-Reabold-Resources-Union-Jack-Oil-Rathlin-Energy/amp?__twitter_impression=true

Can't recall, if it was the same chartist or not, but previously there's was talk of first resistance of .022.
However, once breaks then looking at .32.

Have a good weekend all :-)

BH - Nice summary here, might be out by few days here and there but nicely summed up imo.

https://twitter.com/Spears07/status/1279065425989578752

Bobbyrash - i like the sound of that and i am always very conservative with my figures as i want to keep my feet on the ground :-)

magicpuppy - Thanks mate.

Magicpuppy - How much do you think will need to be raised for Patty, say Q1 2021? I expect to be 3p plus by then easily imo

Should hopefully be sorted by the time we commence WN.
Just take advantage on any dips imo.

The DJ Basin is a world-class, liquids-rich resource play with over 4,000 horizontal wells drilled to date. There is significant infrastructure in place with available capacity and ready access to service providers and contractors. The Group's management team, together with that of our operating partner, has significant experience delivering production from horizontal development in close proximity to the McCoy project. The McCoy project is a low-risk development opportunity and the Board believes that it would complement and balance the Paradox project in the Group's portfolio. Although commodity prices in the spring of 2020 did not support the development of the McCoy project as originally envisaged, rapidly falling capex costs combined with a stabilised oil price will prove beneficial to the development of the project. We believe Great Western Petroleum, the operator of the project, will elect to move forward with drilling in the coming months, and the Group will likely seek to maximise its participation in the project if the economics are supportive and appropriate funding can be secured.

In addition, the Board believes the current market turmoil should deliver multiple attractive investment opportunities within our area of focus, and we are working with both industry and financial partners to identify high value targets which might be added to our portfolio.