Mr.Investment. Uggy is absolutely right. The WNB-1Z EWT is being undertaken primarily to choose the best route for the WNB-2 well. Their plan, as they've stated, is to use the 2 EWTs to put together a CPR, using the subsequent flow from the WNB-2 to produce income and prove up the potential optimum flow rate for a sale. If the findings of WNB-1Z EWT are particularly good, they have stated that they may not do the WNA-2 EWT.
Planning permission for the further 6 wells at WNA is clearly designed to increase the value of the licence when it comes to it's sale value.
They obviously stopped the WNA-2 EWT because the didn't have the right CEB/incinerator for condensate (reading between the lines).
I have heard no suggestion whatsoever that there could be a failure. Surely we're way past the prospect of that. As for the market demanding anything, who gives a shlt. Only people selling short term. West Newton will have a fixed value regardless of what the share prices of RBD or UJO are. The share prices will catch up when appropriate.
Exactly persimmon. They would have lots and lots of lovely oil and gas to test, to get the best price possible for a sale. I'm surprised you're so keen on there being success. I'd got the impression you're a stinking disgusting troll.
Something to look for, could be that once the WNB-1Z EWT is concluded, it will more than likely be a very good sign if they don't move on to undertake the WNA-2 EWT. The longer the WNB-1Z EWT takes, the better, in my opinion.
I notice Heid had tweeted this:
'If it is condensate that's pretty complex stuff to test. Could explain why it is taking longer.
Take all the time they need, the wait will be worth it.'
I think she makes a very good point. I know there was a suggestion it could be condensate early on. I think it smells more of hydrogen sulphide than crude oil, and I believe Stinky Pete suggested he'd smelt it strongly very recently at WNB (unless of course it was his feet).
I understand condensate needs much more consideration when it comes to handling, and it can take more time to get it to flow, but the extra work is well worth the wait, with some condensates being highly prized.
I'm surprised his post hasn't caused more of a stir really. To admit to being part of a paid team working for a hedge fund to spend all day posting negatively on these bulletin boards to encourage selling! The last post he put on the RBD bb was a week ago:
'The SP action has been truly odd here the entire last 12 months. Something never seemed quite right. Best of luck all.'
Typical of the mind games to sow doubt.
Nearly 12,000 posts and 7 years after starting - you don't make a final post disclosing a city scam targeting private investors who read these boards on a whim. In case anyone missed Manwell's earlier post:
https://mobile.twitter.com/leedbartz/status/1415578379693314052
'Get all that, but our current predicament has nothing to do with them.'
I didn't say it did, tbh CB. The fact is I have no idea why the price is where it is at the moment, apart from the reality that the company and assets have been relentlessly attacked by people trying to drive away investors and so damage the share price. There does also appear to be a constant seller, which doesn't help. Their reason for selling could well have nothing to do with their view of Reabold. Institutional investors work to schedules and may not be able to adjust their strategies like private investors can.
As Rathlin have applied to increase the number of wells from 2 to 8 at WNA, they must know exactly what they have, and it has to be significant. That application will have cost hundreds of thousands of pounds to put together and deliver, and if there was any doubt, they could have waited for the EWTs to complete. They didn't. The EWTs are, I'm sure, designed just to establish the best location for the WNB-2 well, which they think will provide best flow rates for a sale.
Until I see an RNS to the contrary, I believe everything is running exactly according to plan, for both gas and oil.
Seeing the pains in the arse apparently blocking the road at WNA with their rubbish, makes you really wonder why they feel the need to do it. Were they bullied at school? Did they have a naughty uncle Peter? They seem intent on getting their own-back on someone, and anyone will do. Maybe they are just basically bullies. Or sociopaths like the many persimmons.There is no logic behind their argument, because from an environmental perspective, it's clearly better to produce domestic oil and gas rather than import it from who knows where (mostly countries with diabolical human rights records). And from an energy security point of view, why would we want to rely on imports, particularly considering the Nord Stream 2 gas pipeline from Russia to Germany, and the potential subsequent consequences should things politically go badly.At least Councillor Brian Skow is talking sense. In reference to onshore oil and gas sites, he said "They are not a blot on the landscape. They are not like a wind turbine. There is nothing to be seen from the side of the road." Looking at the plans for WNA, he has certainly got a good point. It looks like a very neat farmyard. However, the environmental bullies will look to have their brief moment of self gratification, no doubt.
I'm more than happy to have your name and address if you so wish, artyth. I hadn't realized my post had made you wet yourself so much, but I'll happily join the group of offenders of your high moral position. I await your details with bated breath.
Did I say you had told a lie? Here is my post:
'Not been here for 3 days then persimmon. I began to think you might be ill. Oh well......
Still, good to see you're here to support Stinky Pete in his absence.? gone very quiet, hasn't he. Must be the tankers.'
Or are you saying you are Stinky Pete?