Member Info for luckyman2

I wonder what the bottom zone with potential 88 mil bbls would do to the SP

krull
Yes thats right.
Well testing top zone only.
Oil shows in bottom zone will be flow tested from a well 2klm away at west Newton B site

A nice RNS from Cali would do the trick.
Parta spud in 2 weeks as well.
Also news of what they are going to do with the funds they raised.
Lots of running room here yet as the race hasnt even started yet.

Are RBD negotiating a deal with Rathlin to pay their share of the well test costs in return for a bigger % holding.?
Rathlin have to raise funds somehow and with RBD consent.
RNS may be due soon.

We still have to find out how Rathlin are going to pay their 66% share.
Maybe UJO and RBD might get a bigger share if they pay their share.
You never know what is going on behind the scenes.
So an RNS could come at any time with news of a deal with Rathlin.imo

https://www.uploadlibrary.com/SPAngel_ZacPhillips/UnionJack090719.pdf

About UJO but is all about West Newton

No delays just part of the plan.
Thats why they said testing in Q3 as they knew they had to submit another plan for large amount of oil storage.
They all know this will be bigger than Ben Hurr

Do you mean Simon at Reabold?

They already have planning for liquid storage but now they need larger hydrocarbon storage.
Looks like west Newton is going to be a gusher. imo

Maybe they need much larger storage tanks as we will produce so much oil.

I thought all permits were in place for well testing including hydrocarbon storage.
All well tests produce some amount of hydrocarbons or water when tested. imo

DB has in the past stated that all permits for well testing are in place.

I am looking more towards 5- 6p especially if West newton is better than expected.

Watch from 12 min in

Listen to this video carefully.

https://youtu.be/_BC56456AmY

Not allowed to.
That would create debt for Rathlin.
As part of the initial deal the parent company had to pay of Rathlins 30 mil debt before the deal could be concluded.
Reabold are smart guys and they put a lot of clauses in the contract.
Reabold can give them some money for a larger stake in Rathlin though.
I already posted a video where they explain the clauses in their deal making.

Rathlin cant do a fund raise without Reabolds consent.

Was hoping to get some kind of operations update re California .

That info has not been released yet.

We should get some news this week hopefully.
California wells to be connected to production pipeline and maybe something more about West Newton.