Member Info for luckyman2

Still convinced Humber are the hold up for some reason or other

Not looking good.
Could we head back to placing price .
Humber playing hard ball.imo

Just hope Navitas don't pull out of doing a deal due to the oil price collapsing.
SP could head back to 15p with all this uncertainty.imo

There are deals with Humber going on as we speak .imho

https://total-market-solutions.com/2020/01/21/david-bramhill-on-union-jack-oil/

Still no operations update regarding Humber deal.
Humber want top dollar for their share of WN. imo

Humber is the hold up .imo
But no one wants to admit to that being the hold up.
The SP will continue to drift down until we get an operations update regarding Humber.
We will soon be into February and if we have not started WN B1 ground works by then i will be very concerned.
We must drill B1 before June otherwise we will have to apply for a new permit.
Now what would that do to the SP.

Is the hold up.
SP will keep drifting lower until we get confirmation of a deal imo

we wont see 0.12 here again unless we do another placing maybe.
But no further placing required this year imo.
Might see the SP drift back down to .15 without further news though.

East Riding of Yorkshire Council granted planning permission for two exploration wells at West Newton B on 4 June 2015.

But no work, apart from archaeological trenches, has been carried out at the site.

Under the terms of the planning permission, the development must begin by June 2020.

Union Jack Oil plc, a partner in the site, announced in November 2019 that it had raised £5m for the two West Newton B wells.

Also in November, Rathlin Energy confirmed that it could not begin work at the site until there had been an archaeological survey. A geophysical survey of the site in 2015 revealed potential archaeological features that could represent evidence of a medieval or earlier settlement.

I still believe that Humber is holding WN progression back.
We need to do a deal with them regarding funding.
Wressle approval should help us move forward i hope.
We will soon be into February and if no progress by then we might not make our June deadline to drill WN B 1 or B2.
Negotiations with Humber need to be sorted quickly and now. imo

Better change that from below 2p down to 1.5p again.
People selling for short term gain as usual.
Us long term holders just have to believe that one day our luck will change for the better.

We need an operations update before the SP starts to rise from here.
Wressle excitement is now over so back to WN for the next lift up . imo

Will be interesting.
Will the SP slowly drift downwards until further news.
Is Humber the hold up regarding WN?
Now that Wessle has got permission to produce could Humbers share help raise their share of funds for WN.

Knowing this share we will probably close in the red.

Wow we are up 6%

Come on where is our RNS.

Day traders came in on RKH rns and i presume that there will be a few more sells yet.
Could bring us back down below 2p and maybe even 1.75
But remember this is more long term investment while we wait for a farm in partner which could be weeks or Months away if at all.
So best to switch off and leave in bottom drawer until RNS drops. imo

Looking forward to next week now.
When does it end?

An operations update with regard to West Newton work programme would be nice.
Nothing worse than been kept in the dark