Member Info for Manwell02

Same NVG, always worth a look to see breakouts etc.

SP had a nice steady increase this week, all we need now is a pointless update on Monday from the dynamic duo to put it back to where it was lol

https://www.share-talk.com/share-talk-bulletin-board-heroes-friday-19th-march-2021/#gs.wlhvli

SM I wouldn’t have accepted that answer, especially from someone within PR. Never ever seen it within 17 years of reading schedules. Just look at the length of the line for the B2 well & Test, I’d say it’s about 4 months give or take, which is the amount of time to drill & test the well. The issue with these timelines is investors see it and believe it but in the O&G world things always slip to the right. If the dynamic duo told you there wouldn’t be anymore cash raises would you believe them?

Tony ignore what SM said on the ujo board as it’s completely wrong. The blue lines are start & finish of a job, it’s how they are shown on a project schedule. I’ve never seen a schedule that says otherwise. However just because they’ve been issued by the company it doesn’t mean they are going to be right.

Easing of restrictions coming up 29th March, followed by Easter weekender then more easing of restrictions on 12th April. My own expectations are mobilisation of kit around w/c 12th.

Within that 12 months the SP went from 0.23 to 0.83, so an increase of 260%. Not a bad return for the year if you got in at the bottom and out at the top.

Spot the mistake about the mud gas...

Round 1 to Rubey.

Ding ding round 2....

So on 8th Feb FIL had 4.47%. Then as per announcement yesterday they now have 5.01%. So not all were bought in the fundraise in Jan.

https://reabold.com/investor-relations/share-information/

Updated today

Latest sale of a % of an asset from a couple weeks ago. Gives you an idea of what proven assets in production are going for.
https://www.lse.co.uk/rns/ENQ/agreement-to-acquire-ukns-asset-0z584a3913qq64s.html

I’ve said it before and I’ll say it again, Slide 11 is a complete waste of time. I’m hearing April for EWT so that’s already outdated.

Hey GP, for me B2 will 100% be drilled as a horizontal along the KA, just a question of how long that section will be. That's 4 wells now drilled into the structure which gives them ample data.

I don't see the dynamic duo making any responses to any technical questions that get submitted today. No doubt they will have sent all the previous technical questions to rathlin for them to answer and send back to them. No doubt there will be plenty of comments on here afterwards, but we all know they aren't going to tell us anything we don't already know.

Hey RNS: The KA on the slope was deeper than prognosis (this is not uncommon in geology) they did encounter a substantial hydrocarbon column but it wasn't commercial.
1. Gives them a better understanding of the reservoir and confirms that drilling updip is significantly better than downdip. B1Z supports the accuracy of the seismic across the license.
2. Where did you read this? the overall combined hydrocarbon column is at least 118metres, porosity was measured at circa 14%, thick porous reservoir section was identified with a contiguous structure (just look at the logs)
3. B2 will of course (if successful) produce at a much higher rate than the deviated wells and this well will demonstrate that. I cant see them spending money on an EPS, thou it may be put on as a producer but I very much doubt that if the license is going to be sold.

All good thanks BH, I look most days but all I see is bickering. Would be good to get some decent conversations going again.

Not submitted anything yet. Just need to check on my queries on the data in the presentation before submitting anything. Also I’d like to submit during the call so doesn’t give them time to plan a response. (However does run the risk of the question/s not being asked).

Has anyone submitted any questions yet? If so, what's the content?

Hey Archie, best thing you can do with slide 11 is ignore it! I hate this slide as people tend to hold the company to the dates and with O&G things change on a weekly basis.

FYI B2 will be a different borehole to B1z. The test on B1z will help in the planning of drilling & testing of B2 (although it will be a horizontal well into the KA). The flow rates in a horizontal well are greater than that of a deviated well so its important they plan it correctly.

Morn Chris. You think a blue day? Not a slight retrace to .55?

Only thing we can guarantee today is that the childish bickering will continue.

KHobbs you still have time to run for the hills as you've just witnessed how quickly this board can turn sour.

WN has massive potential but there's still an element of risk attached, it has to flow. Look at it like building a house, you start with the underground pipework and foundations then you gradually build up and finally you put the roof on. RBD are waiting to install the roof at WN, just got to hope the wind doesn't blow it off.... with regards to the SP you get that cheaper than those who invested pre spud B1, and its further de-risked. Do a bit more research and make your OWN decision and best of luck whatever that may be.

Miker i'm not fully clued up on the processing part and I am guessing it would depend if its solely a pipeline for the WN project or if they hot tap into an existing pipeline. Plus like you say how much can the processing plant receive. Only thing I will say is that they don't know the full capacity of the field yet, and this is something way down the line in years to come.

Yeah that'll never happen thou Rubey, a project of this scale will have a pipeline to the local infrastructure. Thou that's talks for years down the line.
Flaring off 330m cubic feet of gas tells you how big the gas reserves are. think that's about 60k boe which is half of what HH has produced to date.

Don't get me wrong it has got to flow and if it does I really think people don't actually understand how big this could be.

Had to laugh this morn, 88e up 25% on permit news for a drill, yet we applied for site extension along with 20 years production and was marked down. must try harder RBD.....