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It depends if the people holding the stick have raised money for a longer stick ahead of getting to the destination. (Also it might not be a real carrot)

Mbudgen
It’s simple, the reason these folks are working on site is that they are attempting to get the wells to flow.
At Wressle they need to clear out the well bore before it can start to flow again. At WN we presume they are testing the gas section. We don’t know how either are going or what the outcome of this work will be. Other than they are both taking far longer than management expected… read into that what you will…

Quite agree it’s a bit tacky, but probably more reliable than some other makes… more of an Audi man myself, understated, and it’s really just a VW with a better finish.
But then at the end of the day it’s just a means to get you from A to B… I do draw the line at “turning right” getting on an aeroplane though…unless of course it seats less than 10.

Clearly Mr I the post went way above your head…
It’s called sarcasm…eh NVG!
Just so you feel better, no I didn’t short the DAX and no I didn’t order a Bentley…you really shouldn’t believe everything that gets posted on these boards.
There does that make you feel better pet.

"Where's RNSTranslator today ? "
Responding to the guff you smeared on the UJO board today...
I see we have a new "friend" from the planet Zogg... anyway...
Shorted the Dax last Friday, made a killing... just ordered myself a Continental GT Mulliner Convertible
Blue Crystal...

If Biscathorpe gets drilled and finds reservoir and then eventually produces, at say, at a fashionably constrained 500 bbls/day then Mr Bull would be entitled to gross revenues of about $750k a year @ $70/bbl... nice return on his investment...

Agree Mr Bull does seems to know his onions..from previous reports (although no longer highlighted) Mr Bull already has a direct financial interest in the Biscathorpe field being paid for by UJO and Egdon.

From 2014:
Graham Bull is a beneficial owner of Charnia Resources Limited (“Charnia”). Charnia is a party to a royalty agreement in relation to PEDL 253 (Biscathorpe). Under the royalty agreement with effect from the date of first production of oil or gas within the licensed area of PEDL253, and subject to the consent of the Secretary of State and Charnia being in good standing at that time, the participants will procure that a legal and beneficial interest of 6 per cent. in PEDL253 (the “Carry Interest”) shall be assigned by them to Charnia.

"My belief is West Newton is a whopper and Wressle will flow and if I am right stick another £100K on David, because you ruddy well deserve it."
So why not wait to see if it works first? I guess you'll support reducing it by £100k if it doesn't work.

"This will be the pinnacle of his career."
Happy to hear what you think his previous pinnacles were?
More like a mole hill in the Himalayas given his track record to date...can you name me any company he's run in the last 20 years, that has actually led to the creation of lasting value?? (Rather than a promotional roller coaster)

13 Aug 2020:
You can talk about fundamentals etc or you can simply summarise for people like RNSTrader who think too much (or not enough)
- Drill on site and EWT about to start (next 10 days) = easy Bag 0.40-0.50p (80p-£1)
- Successful EWT = Another bag 0.80-1.00p (£1.60-£2)
- Wressle Production = Another bag 1.5-2p (£3-£4)
- Bisc = You guessed it, another bag 3-4p (£6-£8)

Mr I'mnotaramperhonestguv....Current Price 29p... perhaps YOU think too much.

"but you’re also suggesting that at no point over the last 8 years has any value been delivered."
Yes that's what I'm saying, where has value been actually DELIVERED in the past 8 years.
The price of "delivery" to date has been regular fund raisings and dilution that means that the original asset base from 2013 plus the assets they've acquired/purchased since is worth less now than it was then, so that the very long term holder has seen this "delivery" reduce their value by 40%, even higher at times. At best they've seen a 20% rise, but both times (50p -60p) quickly followed by fundraisings. Of course if you're a trader there has been lots of opportunities to double your money. Perhaps you just need to recognise this is a traders share and that those that hold long term for "value delivery" will simply get to ride the roller coaster of fundraisings , inability to keep time with their promises, yes the fabled LTH is still waiting for jam tomorrow and hopefully the occasional bit of "delivery" - Wressle 500bbls/day ( maybe ) West Newton flow test and sale (maybe) Biscathorpe (maybe but they've still not found the reservoir and the Operator is not exactly cashed up)
Pretending this is a share for long term holders is simply deluded, 8 years of history shows that.

Mr I
“ ignore things like growth in market cap”
That is irrelevant if your ownership in the company has been diluted by more than the growth in mkt cap.
It’s called the share price: 50p 8 years ago 30p today…

Heid
You didn’t “add” anything in the first place…

Keep digging Heid:
All they have said is that there are “indications of permeability”…FACT
that does not mean that the permeability is sufficient to sustainably flow liquids (liquids require higher permeability to flow than gas.)
It does not mean that there is sufficient pressure support to flow commercially of either gas or liquids.
the historic recovery rate from the KA in the UK according to published academic sources is 13%.
What you believe is de facto a fact,
There are people who “believe” in West Newton that is of course a fact, some people believe that the Earth is flat that is a fact, some people think the Earth is 4600 years old that is a fact, but it doesnt the mean that what they believe is fact does it?
I believe that WN may flow commercial gas, but I also accept that this has not yet been proven and that historically the risks of unsustainable commercial flow is relatively high. You simply don’t like the fact that I point this out… because you don’t want to hear that do you, nor do you want others to hear it either (why?) all you want is confirmatory bias.. ?? monkey with hand over ears icon.

So Heid
July 2013 Aim float shareprice 50p (.25p) Salary £56k
July 2021 share price 30p (0.15p) Salary £215k
FACT
You agree this factual information is negative FACT
So pointing out facts is negative ??
Or are you only interested in the “ facts” you like shout about.?
The 6 week EWT is currently running at twice that.
If that was because it was going great don’t you think they would have said that, it’s simply not going to plan, and the more you ramp the story the fewer people believe you….

You’re absolutely right Heid.
Daave has been working very hard and has been tireless in growing value for the shareholders.
July 2013 Aim float shareprice 50p (.25p) Salary £56k
July 2021 share price 30p (0.15p) Salary £215k
That’s almost 4 times harder than when we floated.

She misheard
“Very busy on both pies”

GP thanks for that, makes sense.
Why do you think they’re not releasing actual flow rates?
I understand it’s commercially sensitive according to Abbott - but why is that?

"5h1te stirrer" is that your term for asking uncomfortable questions??
Pointing out that the timings have changed from 1 week to "unknown" or the reason they need a CTU is needed is surely something they could explain. If only to stop investors wondering if something is up.
If its not an issue, just one of those things that can sometimes happen, and explain getting hold of a CTU IF needed rather than holding one on standby at great cost is not a sensible option... why can't they just say that??
What I find difficult to fathom is their need for minimal information that could easily be shared...

Forza
If the result is "sub optimal", then expect an RNS about further analysis of the data and test results but that there is still a large accumulation. Any decision to test or not to test A2 will be key to understanding what happened.
Of course a good gas flow rate and indication of good pressure support will perk up the price...

So much for Mr Abbott saying they would know within a day IF it has worked and within a week of HOW it has worked.
Either they knew coiled tubing would/could be needed or this is an unexpected event...which is it..??