Member Info for luckyman2

Just like i said.
Great news

west Newton gas a COS of 60% in the top zone and 26% chance of finding oil in the lower zone.

probably waiting for updated environmental permit before they start drilling. imo

https://www.gov.uk/government/publications/hu11-5da-rathlin-energy-uk-limited-eprbb3001ftv003-environmental-permit-application-advertisement/hu11-5da-rathlin-energy-uk-limited-environmental-permit-application-advertisement

Looks like we have got our extension.

https://itportal.beis.gov.uk/eng/foxolter 98/11

Well Type Appraisal
MoDU Ensco 72
Platform None
Chemical Permit CP/1788/1 4th February 2019 22nd November 2018 Completed (Approved) 15th February 2019 31st March 2019
FRASER WELL MANAGEMENT LIMITED DRA/548 Colter 98/11
Well Type Appraisal
MoDU Ensco 72
Platform None
EIA Direction (Direction to Undertake Drilling Operations) DR/1532/1 4th February 2019 22nd November 2018 Completed (Approved) 15th February 2019 31st March 2019
FRASER WELL MANAGEMENT LIMITED DRA/548 Colter 98/11
Well Type Appraisal
MoDU Ensco 72
Platform None
EIA Direction (Direction to Undertake Drilling Operations) DR/1532/0 4th January 2019 22nd November 2018 Completed (Approved) 17th January 2019 28th February 2019
FRASER WELL MANAGEMENT LIMITED DRA/548 Colter 98/11
Well Type Appraisal
MoDU Ensco 72
Platform None
Consent to Locate a Mobile Installation CL/894/1 4th February 2019 22nd November 2018 Completed (Approved) 15th February 2019 31st March 2019
FRASER WELL MANAGEMENT LIMITED DRA/548 Colter 98/11
Well Type Appraisal
MoDU Ensco 72
Platform None
Consent to Locate a Mobile Installation CL/894/0 4th January 2019 22nd November 2018 Completed (Approved) 17th January 2019 28th February 2019
FRASER WELL MANAGEMENT LIMITED DRA/548 Colter 98/11
Well Type Appraisal
MoDU Ensco 72
Platform None
Consent to Undertake a Geophysical Survey
(Vertical Seismic Profile (VSP)) GS/840/1 4th February 2019 16th February 2019 Completed (Approved) 15th February 2019 31st March 2019
FRASER WELL MANAGEMENT LIMITED DRA/548 Colter 98/11
Well Type Appraisal
MoDU Ensco 72
Platform None
Consent to Undertake a Geophysical Survey
(Vertical Seismic Profile (VSP)) GS/840/0 4th January 2019 1st January 2019 Completed (Approved) 17th January 2019 28th February 2019

Once VG-4 is in production and we get actual flow rates net to us then the market will take notice of us.
The price of oil is now $ 66 bble so will be easy to do the calcs.
We already are producing 75 bbls from Monroe Swell workovers plus 200 bbls from West Brentwood in total.
We get 50% of all production.

Oil now $66 bbl so once we get VG-4 into production we will be earning over $9 mil pa.
Awsome eh.

$3 mil p/y currently from California and once VG-4 is in production we will be up 0ver $ 8 mil p/y income.

Once VG-4 is in production we will be earning around $9 mil a year as well at current oil prices..

News on Monday then.
Monroe Swell spud is it?

Rover

So you are saying that we are drilling 2 wells Monroe Swell 1, then straight onto Monroe Swell 2.

It's all over till end of the year Put em in the bottom drawer and come back in 2020

It would be njce if we knew what the hold up is.

Some are losing faith in this drill and selling.
At this low price there is not much downside if a failure

CO is now only interested in pumping RMP .imo

TE-10 will not fail us . imo

Whatever the result we still have West Newton which has a 60% COS and could be the largest ever onshore UK find.

What a difference a few days make.
Good Sentiment has returned.
Lets get back to 30p before our next positive RNS.

We have found something of interest thats for sure.

Delaying bad news would cost us money paying for rig and crew.
I would say we are testing. imo