Produced oil from Wressle will be transported by road tanker to the Phillips 66 Humber refinery and sold under the Operator's (Egdon Resources plc) existing sales contract.
Taken from the RNS.
RNS can be veid by clicking on the RNS tab above.
Following the re-perforation and its successful communication with the Ashover Grit reservoir interval, free-flow of oil has commenced and the well has been placed on continuous 24 hour test production. The well is now in the normal clean-up phase as the well is carefully brought on-stream. Taken from the RNS.
I feel another RNS is due.
Good to know the oil is flowing. Strapped in, all good from here.
Think we will be pounced on re: West Newton. Incredible on shore discovery. Just WOW !
So pleased and confident in our BOD/partners.
I wouldn't want to try and get in UJO on a negotiated trade once the RNS lands. They will be queuing up to try and get a position in the orderly market. In what is going to be a very profitable debt free company on the AIM, A very rare beast indeed.
The premium on the RNS release will be colossal imo.
Very pleased that RBD are financially robust. They are free to move West Newton forward now. Must be a lot of companies would love to be in partnership with them.
Would be great if UJO are still involved going forward.
I wonder if the oil is flowing at Wressle !
Hope we get the RNS for Wressle today/this evening ,or the morning as I don't really like a Friday RNS. Monday at the latest then.
I see some lucky people had it away with some very cheap shares today. Good for them.
Could land at any time now. Straight to mid 20's for a start imo. Can't take my eyes of this at the moment.
I really do believe UJO are going to start banking large amounts of money from oil sales.
Here is the link.
https://www.brrmedia.co.uk/broadcasts-embed/5fd0e43f5b34714b9f9b3540/copied-from-5f76f63fc4d0076f2b93af05?popup=true
For any body that for some unforeseen reason has not had the privilege and pleasure of viewing this interview, I would strongly suggest that you do so now.
These wells are linked over 2.5 km. They confirm both oil and gas at B1-Z.
This is a massive discovery and so is the licence area. The UJO interest is in the entire licence area. How many bopd from each well. How many wells will there be. So much information to look forward to.
Biggest discovery in 50 years ! So much of the licence area still to explore. Bloody hell !
Bet the B1-Z side track don't take to long. Not when the ground is this soft ! Hot knife through butter springs to mind.
Already hit the first target the K.A with a Hydrocarbon charge ;0) as confirmed by RNS. Flying through this soft stuff.
Bring on the extended well test. But don't tell any body. It's a secret.
This is all looking very positive.
"The objective of the WNB-1Z side-track well is to evaluate the Kirkham Abbey formation in a structurally superior location, on-trend with the previously discovered Kirkham Abbey accumulation."
Credit to Rathlin energy.
We know they have hit the Kirkham Abbey.
Those raptor tools are good ain't they !
The partners are going to deliver the best results possible with the the time equipment and permissions in place.
It would be rude not to!
https://www.rathlin-energy.co.uk/latest-update/
So pleased the initial drilling was so fast over all and encountered a Hydrocarbon charge as was the purpose. Great to have the time to do the B1-Z sidetrack. At the speed they have been going it wont take long.
How ever you look at this we've got a nice prize,a very nice prize !
Lots of monies/time have been invested into this drill and permissions on the table. I am pleased to see the partners take full advantage of the multi million pounds of equipment on site while the opportunity and time left is there to drill this side track.
Lots of confidence there. I feel the partners are getting the best value for money time and permissions that they can.
If they feel the data says the results will be potentially improved upon/added to or even better over there,then lets drill BZ-1 while the going is good.
Lets get all we can out of this drill while we can. Would be negligent not to.