Member Info for miker444

BH / Rubey having looked at the presentations on UJO / RBD websites along with the naturally fractured core photos they mention 'Vuggy Porosity'.
I looked this up and its a secondary porosity commonly found in carbonates and if present 'significantly affects the permeability and recovery factor in the reservoir'.
It goes on to state that ' newly proposed vuggy porosity models yield optimal estimates that significantly match the measured quantities'.
There are some excellent photos available on various google pages and some of the vuggy 'holes' are as big as your fist and this is I believe is why the porosity levels came in and I quote from RBD RNS 'higher than expected'.
This will give Rathlin excellent accuracy in volumes and determine the recovery factor which should come in at the high end :¬)

As stated 'to fund notably the B-2 well' so it answers a question posed yesterday will they just settle for WN - A. The answer is a resounding they are going to go for it and a FDP for Victory before the year end.
There are placings to fund Directors 'lifestyle' and there are placings which will add far more value to the company and shareholders than the cost of doing it, this is firmly in the latter.
atb.

WN-A has a 62 metre hydrocarbon column and WN-B at least 118 metre hydrocarbon column, for those reasons alone it is my view that they will run with whatever it takes to back up the claim 'largest onshore oil & gas discovery in 50 years'.
Therefore if permits allow I think we will see sites at WN-A, B, C & D all producing a few years down the line.
atb.

Manwell if the oil could be connected to the existing Humber infrastructure via pipeline would there be any constraints as to the volume transported along it or would it be a case of as much as could be produced obviously taking in to account of Humber's processing capacity at the other end. I would have thought this would get planning permission far easier than Heavy Road Tankers from an environmental point of view.
atb.

Rubey, first of all excellent find. A tanker holds 200 barrels so 25 tankers equals 5000 bopd. Just shows despite the lack of news us shareholders are being starved of that an awful lot going on behind the scenes and planning for production. The 500,000 cubic metres of gas ( not cubic feet ) is also a decent volume. This is just WN - A site. I would estimate WN -B as big as if not bigger. Wytch Farm producing 13,000 bopd, could we eclipse them, certainly will come close and if WN-C & WN-D happen then we will be the largest producer onshore in Western Europe.
Rathlin seem confident.
atb.

Sorry GP did not look at your last post was searching online and you are correct and put it much simpler.
atb.

Lots of info online of course but C1 -C3 refers to the light gases and C3- C6 the medium gases and C6+ the heavier gases.C5 looks to be Pentane which is a liquid in natural form but has a very low thermal property and at just 36 c turns to a gas and if cooled becomes a solid. It is sought after for making polystyrenes for insulations / refrigeration etc and is used in Geo Thermal Power Stations. Can't see any reference as to which gases flow better.

Manwell, many thanks I am assuming once EWT commences we are looking at 6 - 8 weeks for results so could be end of April / early May.

Manwell, good post mate and have posted similar more than once but can you explain what the C5+ relevance is, I know it is gas related but as you say I haven't seen this before.
atb

Rambo good post at 10:08, exactly my thoughts in that WN A did appear to be the poor relation when the WN - B rns came out with 118m hydrocarbon column and over 14% porosity plus no water and yet here we are looking at 8 wells for WN -A . How many wells for WN -B I wonder, more importantly does appear that they believe there is reservoir continuity / oil across the sites.
atb.

Snaffle that is an excellent post from A James and if we can tie in to existing pipelines not only will it save the constrictions put on road tanker numbers with the volume limits associated ( 200 barrels per tanker ) it should mean we can flow the pipes with as much volume that we can produce, or the company who may own it at that stage.

This really is the beauty of being slap bang in the middle of the Humber infratructure, pipelines, refineries, storage etc. I may have mentioned this before ( once or twice )
:¬)

Agree BH planning for a total of eight wells, surely the original 2 would be enough for our tiny little puddle of oil
:¬)))

Rubey thanks, yes FYOZ I was referring to the monetisation of WN through Rathlin, Steven Williams has voiced several ways forward of how to proceed with WN and one of those mentioned was an IPO, it was at the same time that dividends were also mentioned whether that happens or not.
If it's big enough an IPO would be incredible for existing shareholders and II's alike, takes 3 - 6 mths on average and costs approx. $1.5m but can make millionaires overnight, or at least on the 8am bell when opening on the first day of the stock exchange.
Just would need enough Fund Managers / Banks / Angel Investors to underpin it's estimated value :¬)

BH I was invested in UKOG when it went from 0.8p to 11p in a matter of 2 weeks. It was given a MarCap of £600m, albeit briefly, but nonetheless well over half a billion on absolutely nothing than expectation or potential. No EWT'S, no proven up volumes, no flow rates, no infrastructure absolutely zilch.
I had 5.3m and sold at 7p when the sp started to drop quite rapidly from its peak. My book cost averaged 2.32 so a good profit but mistimed the peak.
The sp and MarCap were so disconnected from anything 'physical' or even de-risked it beggars belief looking back. My UKOG holding would now be worth approx. £7k and yet I was able to buy my first 7.5m GGP with them ( £2.25m).
Yet again my point being if UKOG can do that on hot air then RBD can eclipse that on proven volumes, flow rates and available infrastructure without falling back. There will be many 'catalysts' for RBD but the biggest one will not be the volumes, nor the flow rates important as they are but the announcement of when we are in talks with a buyer. That's when the market will see the £ signs that will hit RBD's bank balance.
Off topic I see Moonpig announced a $1.6 bn IPO today, for flipping greetings cards!! IPO for RBD, yes please.
atb.

Thanks CB nothing goes up in a straight line, even today GGP latest drill results disappointing and sp down, but again it will be multiples of what it is today once it starts mining, depends on how long peeps are prepared to wait, for me the years go by a bit quicker these days and happy to stay the course.
atb.

BH / CB I have invested in many shares over the years with mixed results, and that's an understatement, but every now and again I get involved in a share which becomes sometimes no more than gut instinct as to why you continue to hold that particular share. I had that feeling with GGP amassing 10m from as far back as 4 years ago and watched month in month out it doing absolutely nothing but stayed invested despite keyboard warriors panning it ( no pun intended :¬) ) and telling everyone to sell up etc.
It has made me nearly £4m as it approaches sp 40p but will very likely blow the £1 level once it is a mining concern in 2 years or so.
My point is I have exactly the same gut feeling / expectations for RBD and have held with it being at 1.71 ( day interim peak ) and also when it went as low as 0.25. I do believe we can nudge double figures and am aware a lot on here differ from that.
Patience is a virtue, certainly in this case but I will continue to hold until WN unfolds.
atb.

BH I am very happy with how things are progressing, after a long wait I had hoped the next rns was going to back up August 2019 hydrocarbon column of 65 metres and could not have imagined in my wildest dreams that the expected rns would nearly double that at 118 metres with porosity over 14% and possible reservoir continuity over 2.5km. All this with no water contact.
I expect (on monetisation) an sp nudging double figures, contrary to some i think we will come close to Wytch Farm volumes even more so if WN-C & WN-D is a mirror image.
atb mate.

Just sp of 3p then that'll be another £1m to my coffers, that'll do for me RNST

:¬))

37H well aware mate, I've been investing and posting for years and can read everyone and their intent by posts. Just sitting at work bored. Can see the bigger picture as I could with GGP investing while they were 0.585p and holding nearly 10m shares with them, not sold a single one and won't until they become a producing miner in 2 years.
Have nearly 30m of RBD and can afford to lose them all, don't want to, but well within my comfort level.
atb mate.

No RNST, Just stating how the markets will and do react to news and as to the positive impact it will have to the sp. I remember BLOE going through the roof on news of just 900 bopd, it can be disproportionate and usually is.