Member Info for Manwell02

IAmNotAnAnalyst - Victory CPR is out of RBDs control, they've just passed on the date that they was given.
Logging was always on the cards, if you didn't know that then maybe you should have done some more research.
Again EA permit is out of their hands and I'm certain that part of the logging (CBL) would have been key to the EA approving the permit.
This is not me sticking up for the dynamic duo as I do not believe 1 word that they say, but that's another issue.
Timelines within O&G are always issued as a guide. I don't know exact numbers but I would say less than 5% of timelines are actually met.

Markets look bad today so red day on the cards here.

IAmNotAnAnalyst that RNS was three weeks ago.....glad to see you've got your finger on the pulse...

Standard negative impact from the updates.

Looks like the area where the storage tanks are going at WNB is being bunded today, so should see arrival of the tanks soon. Mob likely after the 17th when further restrictions ease.

He's been commenting on their post over the last year so this is not new news.

Jobbinscl they’ve not started yet. We should get an announcement once the EA permit is received & another once mobilisation commences.

The Barchart Technical Opinion rating is a 100% Buy with a Strengthening short term outlook on maintaining the current direction.
Long term indicators fully support a continuation of the trend.
Overall Average:100% BUY
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.

DYOR

Probably was Uggy- a gazillion shares plus a kebab and a bottle of whisky as a sweetener!

Hopefully we will have a significant RNS one day that actually increases shareholder value rather than dilute it. But hey still got another 8 billion shares worth of dilution to get through yet before a consolidation.... going to need it if we will have to stump up 50% of the costs for victory in the future! But i'm hoping to be long gone by then.

Thanks JD, noted.

I've read the rumours about UJO being offered circa 40m for their stake in WN, however surely this news would have had to be issued to the market via a RNS as its price sensitive information?

https://www.share-talk.com/share-talk-bulletin-board-heroes-monday-26th-april-2021/#gs.z5fxwc

Hopefully an RNS telling us what is going on.

Dropping again, same pattern after opening as last few days. Guess we will find out the reason why on Monday.

Hopefully Chris. Recent drops slightly alarming, hope 0.72 is the support level.

GP - Yes logging first and extract from the recent RNS below.

'An EA permit is already in place at the West Newton A site which includes further well clean-up and EWT operations on the WNA-2 well'.

Just the permit for WNB to be finalized. Which I fully expect will come after their review of the logging data and planning of the final testing programme. From the last RNS it was clear this hasn't been finalised and makes sense why they only have it in draft format. The EA cannot approve until final testing programme is submitted.

Could be a number of things, tool availability, maybe they wanted the draft permit in place prior to proceeding ahead with the logging. Let the formation and fluids settle down in the wellbore. What I do know is thou there will be a genuine reason for it rather than kicking the can down the road. The dynamic duo are excited about WN and want to get on with it, it just has to be done in the right way.

Give you an example on delays, I’ve had experience in this and have had to tell many clients over the years that a piece of kit they want isn’t available. Unfortunately it happens as there’s not enough to go around, even more so nowadays with what companies have been through.
I was talking to a logistics company last month about customs and Brexit and they said they had a trailer impounded because 1 piece of kit didn’t have customs clearance! There was 6 baskets on the trailer all from different companies and all with clearance but they wouldn’t release any of them because of this 1 piece of kit. It took the company 5 days to sort the clearance out and all the companies who had clearance for their kit were jumping up and down! Stuff happens behind the scenes that we don’t know about and that is out with RBD / Rathlins control.

Hey Analyst: you only have to read back through my posts to see I have an issue with companies issuing timelines in presentations. In the O&G world things always go to the right due to lots of other factors other than COVID.
I’m happy with the timeline as you will see from my post on 11th March I didn’t expect anything to happen until 12th April once Easter bank holiday out the way and further restrictions lifted.
The logging was always going to be done. It was done on the last well. It will assist in finding the optimal placement for the perforations as well as gathering more crucial data. Or do you just want them to get on with it and guess from the LWD data? If they do and it’s in the wrong place and the well doesn’t flow everyone would then wish they took their time to get it right!

Cant win with some people Chris. Beg for updates as unhappy without knowing what’s going on. Get an update and then unhappy with it. If they don’t like waiting then should sell up and move on.

Same Chris, although a bit further out for me if the EWTs are successful. I'll be looking forward to the horizontal drill & test of B2.
Seeing 88e rise to over 2p today and with a MCAP of 250m based on a potential discovery and nothing beforehand other than sentiment makes me wonder where this share can actually go if its successful with the 2 x EWTs, then the B2 horizontal drill and EWT.

Think we needed to breach 0.72 to move up. To me it looks like 0.72 is the resistance at the moment and when it broke through before its become the support on a number of occasions. Last time it breached 0.72 in October it quickly came back below the next day. Draw a straight horizontal line across the chart at 0.72 and look back and you will see what I'm referring to. I'm no chartist, just my take on it.

0.70 being paid, can we break through it and move upwards??

When you look at the likes of 88e & see it over 1p it’s hard to fathom how rbd is not 1p. I think 1p is fair value pre EWTs. Bit of sentiment & buying power could push it to 1p area but I can’t see anymore than that until good results.

Looking forward to what B1z will flow at, not so much A2 and I think there could be a drop in the SP on A2 results as flow rates should be lower than that of B1z. If all good the next exciting part is B2 horizontal through the KA. However they’ll need to pull their finger out of its to be drilled & tested this year.