Member Info for Phoebus

UJO owns 16.67% of West Newton and has a market cap of £37.7M giving a read through of £225M on a 100% basis.
RBD owns 56.00% of West Newton and has a market cap of £42.6M giving a read through of £76M on a 100% basis.

So if you want West Newton exposure you get 3 times as much exposure for the same outlay by buying RBD over UJO. This is particularly incredible given that RBD is the senior partner on the licence. Very tantalizing.

Exactly. It's a brilliant placing. Plenty of cash in the coffers now. Net current asset position should be a bit over £2M with another £1M to come from associated warrants. WSBN is in an excellent positions right now with exploration dead ahead. GLALTH

Perfect timing. With GGP MRE released today we should see some cash from profit taking start to move in our direction.

Bit busy this morning Harel. I would expect it to pretty much right away as per other companies, but will look in more detail later.

https://twitter.com/DavidLenigas/status/1336937382151675906

You ain't the only one. This is looking very good indeed.

Increased size of oil column should mean increase in P50 values. Expect we will see an upgraded CPR released.

LOL. Hilarious comment.

Agreed. Expect we will see a wall of cash enter ahead of flow testing. GLA

Wonder if any GGP cash will move over here after the Havieron MRE release this morning.

Absolutely stonking result. Better than expected with massive oil column and best onshore UK discovery since 1973. Wow! With flow testing up next at this and the first well this should roar from here. With RBD by far the cheaper entry and biggest holder of West Newton this should massively outperform UJO. In fact if this really is that good a takeover might actually be on the cards. Well done all all.

I'm absolutely delighted with this morning's RNS. Fantastic chunk of cash at a really excellent price. All set for Red Setter drilling shortly. Demand here is going to be huge as everyone muscles in for a shot at Havieron 2.0. GLA

Relax. This looks about as far from a one and done drill campaign as you could possibly get. We're right at the start of what is likely to be a massive and relentless drilling program right across the license generating a huge amount of news flow over a sustained period of time as multiple rigs reveal the true scale of how rich this license actually is. Loads of news to look forward to starting very soon. GLA

'...maybe patience is all that is needed.' Lynny I agree and with drilling already underway there's a good chance we won't have long to wait for the rewards to start. Placing was only a short term dampener. What's counts is the unveiling of Anza's true scale which is now just beginning. A most tantalizing prospect. GLA

Chart looking extremely good here.

And if a cantankerous scallywag like Winnifrith is being that positive that's a very good sign.

Agreed. You have to laugh. One chump on the OMI board reckons it will drop to 10p even though they just did a placing at 17p on a rapid pullback from a massive move up from 5p to 46p ahead of major drilling. No my friend, that was the bottom of the pullback. Kind of endearing though. Bless.

Check out Share Pr*phets website. Winnifrith has done an interview today with Richard Poulden from WSBN. He says 'there is a case made why this could be a 100 bagger.' Could indeed.

Sorry. Wrong board.

Check out Share Pr*phets website. Winnifrith has done an interview today with Richard Poulden from WSBN. He says 'there is a case made why this could be a 100 bagger.' Could indeed.