Member Info for Manwell02

Basically someone called adv11 quoted that Ivan’s referred to a 5 day old tweet & jp quoted such tweet without comment.

However all failed to see what up to date tweet was actually quoted & what was mentioned in such tweet....
There you have a summary of something that actually happened today....

https://mobile.twitter.com/BrokermanDaniel/status/1341700907768164358

LOL

That’s a cheap shot even by your standards persi. Close of play on Friday I was not expecting a drop here today. Government updates over the weekend changed my expectations & that’s exactly what’s happened.

Anyone with experience would just look at the wider market and realise that only 14% is advancing & the drop is not stock specific.

I’m chilled JD, I just want to understand what’s going to happen once it all goes through. If the full value to RBD is going to go straight onto the MCAP or if there’s going to be another waiting period for RBD to release the value from rathlin, then in turn a significant increase in the MCAP. I think we all need to understand how that will work as it could be very costly to us all if we sell too early.

Hopefully someone will know.
If WN is sold, then how do RBD release their share of the money through their holding in Rathlin?
Say it’s sold for 200m (just using the figure for ease) then that would be 33,330,000 for the 16.665%. Same goes to UJO. Then the remaining 133,340,000 goes to Rathlin. As RBD has a 59% interest in Rathlin, is it as simple as RBD gets 59% of the 133,340,000? If so how does that money come to be released to RBD? Is there some kind of special payment/dividend made? Or is it locked up in the value of Rathlin as a company?

Looking stronger at the end of the day again.

No worries Miker. Just by running the casing won’t give you the volumetrics. All of the drilling, Wireline and seismic data helps with that. Then of course the final piece to quantify the exact numbers is the data from the well test/s.

Rambo, for the timeline it will all depend on how quickly Rathlin want to push it through & how stretches the company is the other end. As mentioned above all the data is used to help with the initial volumetrics so you are correct in saying we don’t have to wait for the EWT for those initial numbers to be released.

Nothing will happen now until late Jan at the very earliest. Got the workover rig to sort out and plan the well tests now they know what they have. Possibly another logging run as I know they did that on A2. Then turn the well back over to a completion fluid, perforate, run production string, clean up and start flowing. My own guess for initial flow rates is April.

This is a good presentation to flick through to help gain an understanding of how things are in the industry and how long things can take.

https://bit.ly/3mrU01d

Miker, the production casing has been ran and cemented in. Kill string also ran and well will have been turned over to a kill fluid (heavy brine likely). Rig is down and being de-mobbed.

I see the PR team have woken up this morning with a few tweets.

Thanks Heidi, glad you like reading the posts. Let’s hope 2021 starts off on the right foot for all of us. Fingers x’ed for a good deal

So at the 3% threshold they still would have held circa 213million. Threshold was crossed on the 11th so we are now into the 4th full day of trading. Let’s hope they’re dumping circa 10m per day so they could possibly be fully out sometime in Jan. That’s if they’re planning to sell the lot after the news.

Also i would imagine they dumped pretty hard on the 11th & 14th to take advantage of the higher price. Unfortunately now it’s all guess work for their holding.

Check out the RNS on ADVFN & it says resulting situation <3%. Not sure why it doesn’t say the same on lse.

I’ve not heard it in any interview tbh. But I would say it’s more of a mini sea with the numbers that are going around.
To help try and put things into context ConocoPhillips are extending the life of their Tor II field in Norway for 25 years to produce 60-70 million boe. The Tor field has already produced for 37 years!

Someone on here mentioned Wytch Farm the other day and how it was producing 110k boepd at its peak, I might add that this is over about 10 different sites within the license & lots of producers & injector wells.

If WN is as big as it’s sounding then there’s no way the current consortium will be able to take it to development.

Thanks Allnothing. Very true in what you say, we all want to do well & each individual did their own research on which company to invest in. I never get how an investor could/would buy/sell a share based on something someone says. I’m not invested in UJO but I did post on their board on the day of our announcement saying congrats. I wish them well, but just wish the same would be back to us from certain individuals. I’m all for opinions & healthy debates but I will call out utter BS!

Can someone go on twatter and shut this idiot up! Nothing makes sense in what he’s saying. 1 further well & 2 well tests are already fully funded.

Oily Palms
@OilyPalms
·
2h
Replying to
@Hedgeman16
and
@Alexios1201
I am not here to bash #rbd I am simply pointing out that #ujo is a better trade right now as the return will be realised faster due to the wn licence sale. Where rbd will need to raise in order to further invest in wn. I'll probably be a rdb holder in mid 2021 after the raise

That oilypalms guy is an idiot! All he’s done is de-ramp RBD & ramp UJO. WN could be both our flagship asset. Any sale would inject a nice size amount of cash to the balance sheet. He thinks we need to raise to fund the works in 21.

Nearly back to todays opening price again, must admit I thought there would be more appetite to buy the shares today.

https://www.share-talk.com/share-talk-bulletin-board-heroes-monday-14th-december-2020/#gs.nij5rt

5 1/2mins in.