Member Info for luckyman2

He also said that fund may be needed for West Newton extended well testing.
He seems very positive of success and with a COS of over 60% i agree.
Just being prepared. imo

At least now the placing is out of the way its one thing less to talk about.
Now lets get this West Newton Drilled 68% of Success.
DB seems very confident that we will need funds for our share of the cost of extended well test which is a very positive sign. imo

Well at least thats out of the way.

PDMSPiper

well said
i totally agree with you on that.
I am holding and not selling as this is a good company with great potential.
The foundamentals are still the same with lots of game changing assets just waiting to be drilled.
California is shapping up nicely as well and will give us a steady income into the future.
Should get VG-4 into production pretty soon and news about Monroe Swell well test and some production figures.
still looking good to me anyway.

I bet S & S are getting some abuse from M&G investments who invested here at .85p.
After all they were hoping to impress their old bosses and a few other at the time.imo

If rig arrives today or Tomorrow then we will Spud by the weekend. imo

We have been way oversold over the last week so bargain hunters are arriving now.

Was quoted as Q2 in ADX last presentation to drill.
Site prep due in May.

This was posted on RBD site
Do they know something we dont?

https://twitter.com/Resist_Fracking/status/1107307726273740802

Swampy and his crowd seem to be in the know.
They are getting prepared so we will have to sneak in under the cover of darkness.

Don't worry as soon as the convoy is reported entering site the the SP will start to move up again.

No funds have been already raised a few months ago.
We are fully funded for this drill. imo

Says no hold up while waiting for amended environmental permit.

Drilling of a Second Permitted Borehole (Currently Permitted)
Rathlin intend to drill an appraisal well (WNA-2) from the West Newton A wellsite. WNA-2 will
investigate the extent of the petroleum reservoir encountered during the drilling of the first well
(WNA-1).
The drilling of the WNA-2 well is currently permitted under the existing environmental permit and will
remain a permitted activity. The same waste streams will be produced as stated within Waste
Management Plan Revision 2, however the volume of waste generated will be considerably less due
to the well being drilled to circa 2,000m TVD KB, 1,000m less than the currently permitted activity.
The Waste Management Plan will form part of an application to vary the existing permit, whilst
concurrently the drilling operations for WNA-2 well will be undertaken. Discussions with the
Environment Agency have indicated that this approach is satisfactory.

I believe that Rathlin discovered and perforated 10 m gas column in West Newton A back in 2013 but did not get to test due to problems with a build up of pressure in the Annulus. imo

https://www.ukinvestorshow.com/speakers/

From what i have been reading on here regarding comments from the Balls Brothers event i think that we will be sold by this time next year.
Sidi Mok on hold , TE-11 on hold, GSA delayed ,
It looks like we will see what TE-10 flows at and that will dictate the start of negotiations with a buyer who we might already have lined up. imo
The writing is on the wall for all to see.

Rathlin wants to vary its existing mining waste permit to allow it to carry out extended well tests on two wells at West Newton. It also wants permission to store crude oil on the site and burn gas in a flare with a capacity above 10 tonnes a day.
Are they planning on testing 2 wells?

Very quiet on here today.
Won't be long till the rig is on site hopefully next week then we will have lots to talk about.
Once rig on site then we should spud a few days later.
West Newton 2 has a 60% COS as already discovered gas at WN1.

I think the un stimulated results will be the first week April. imo

I wish i did
They only had around 135 mil to sell and at the rate they have been selling on a daily basis they cant be far of that.
They have been selling for a few months as well but have been more aggressive recently. imo
Might have something to do with apply to go into administration very soon. imo