Member Info for Rubey

A right wing tree hugger. That's unusual...

Proper rig this week I think BH. Getting exciting....

So, to put it to bed, you support Extinction Rebellion's uprising as long as they don't act illegally or disturb others going about their lawful lives. So the funeral march in Lewes and the chimps tea party at Gatwick Airport are okay?
Everything they do disturbs others going about their lawful lives, it's their core objective, just as that's clearly your core objective on here.

Out of all the O&G bulletin boards that are available, he trolls on this one! I believe he's a Bournemouth nimby, who's developed an appetite for trying to upset other people. No doubt he'll be doing his bit for the Extinction Rebellion uprising this weekend, in their bid to f' everyone's lives up. Just a bunch of inadequate bullies.

Great to see Rodster back and moaning. Things must be on the up!

WTFD any of us K, Mark.

That's a shame. I'd got 20 minutes in mind.

GP, I read it Mark was referring to Parta, which would be right time-wise.

Just noticed RBD market cap is over £50m, and UJO is under £40m. The obvious correction seems to have started, but it would be nice to see UJO up to £50m. That should mean RBD would be well over £150m!

I respect and understand your point of view Rovers. I don't agree with it, but I'll be happy either way. I'm well in the black.

The fact they raised so much to progress West Newton suggests to me that they intend to prove up the licence further. Perhaps it will be achieved after Rathlin is taken public, by either IPO or reverse into a company like Egdon, but I believe to wash your hands of this opportunity completely after successful testing of West Newton B would be a mistake.

I understand this to be a £1bn asset, IGNORING the hype. Fully proved up it would be worth £500m as a sale value - potentially £280m to RBD. I would say a further 4 wells would be needed and a bit of seismic, with a cost to RBD of around £20m. If it is sold after only WNB drilling and testing it would be worth half that?

For sure it would take a couple of years to prove the licence up, but before Rathlin sat on the licence for a couple of years looking for funding. It doesn't mean because it took a long time before that it will take a long time from here.

I agree that they are looking at proving up the asset and selling on. But drilling WNB-1 and testing WNB-1 and WNA-2 in my book is NOT proving up the asset.

Time will tell. As I say, I'm happy either way.

I must admit I used to value Silo's research and opinion.

I think it would show incredible confidence if they funded WNC & WND drills before WNB drilling or any testing at all. I know they're very confident of getting it to flow, but goodness, they would be moving things on fast. Any placing price would have to be way above the current share price I would think. But it's not impossible, even though no doubt I would be critized for suggesting it.

Strange, previous RNSes already showed them as being joint broker. Bit confused.com

No, what I posted is not right. Panmure Gordon have taken over Whitman Howard, and as such have become joint brokers. I wonder why. Normally a second broker comes with a new deal from my experience, but this is worded differently?

I take it Stifel Nicolaus Europe Limited have taken over Panmure Gordon? Either that or Reabold have?

flood?

It's access to explore the area offshore PEDL183 that I'm quite intrigued about. It's part of the Greater Wash Special Proection Area so is protected from offshore drilling, unlike Egdon's farmed out Resolution and Endeavour licence areas, but perhaps could be horizontally drilled from onshore. Reabold's approach to Deltic will have helped to draw Shell's attention to West Newton and perhap's it's offshore potential.

Either way it's got nothing to do with us!

Well done Chris. It would be good to read your cheerful posts again on here.

'Notwithstanding the positive results achieved at Colter, Corallian has taken the conservative approach of writing down in full its interest in Colter on the basis that the licence expires in January 2021 and there is currently no funded work programme by the partners in Colter.'