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And which oil company are you CEO of? Let me know and I'll invest some money as you clearly know a lot about the oil sector
RNST, in my opinion your choice of hypothetical wording A or actual wording B would not have changed things at all. How many people go on the Egdon website regularly? Only one post today and the sp went up 16%. I knew about the possible high 'skin' factor problems when I listened to DB in an interview. He is always talking about risk. Hence my real concern about Wressle not flowing post perforation. I was imagining the 'antis' like Hull Pete laughing their heads off. I am relieved that it is flowing, as you must be. I'm no expert but slow and steady sounds good to me. If in 6 months time we've had no proppant squeeze, for whatever reason, then I wouldn't anticipate the flow being any higher than today - shall we say 100-120bpd. That would be disappointing. If we've had a proppant squeeze and flow rates were no higher, again I'd be disappointed. What went wrong would be the question. Of course individual disappointment runs longside one's own expectations. Mine are fairly modest. Would an appeal be made against the refusal to use a proppant squeeze? I've no idea. Don't forget that the 'antis' are pushing proppant squeeze as being high volume hydraulic fracking.
Alongside Wressle I am anticipating news on the EWT at West Newton B in the next two weeks. DB will be fully aware that investors are looking for news on that front - him as much as anyone else. He's an investor too and wants to increase the potential value of WN. Biscathorpe is somewhat down the line for me. If a side-track happens in H2 2021 that would be great but 2022 sounds more realistic to me.
My patience is being stretched like most people, but I do know that DB is not sat back twiddling his thumbs. Research and more research is something he believes in.
I am assuming we both want the same thing and therefore wish you all the best.
I've been called worse!
I've been called worse
Wrestle!!!!!! LOL
But the donkey's legs are buggered and David's are fine.
In my opinion, the words 'formation damage', would have had the doomsayers, of which there are many apparently, shouting it from the roof tops. Or should that be trees? The well is free flowing good quality oil. We will find out the rates soon enough. Nobody in their right mind would risk the integrity of the well by behaving in a reckless fashion just to boost initial flow rates. Not only do the partners have Covid-19 to deal with, but socially media savvy anti-fossil fuel protestors who are relentless in spreading fake news without challenge. Do not underestimate how effective they are. They are happy to drive cars and presumably to heat their homes, or burn wood if in a caravan, and are able to get their message across very quickly. Last time I looked Egdon were 14% up. Interesting times.
WRESSLE
RESURRECTED
UJO are NOT the operator of the well at Wressle
Pointless speculation - From Egdon website - Test operations commenced in January 2015 and were completed at the end of March 2015. The Wressle-1 well has flowed oil and gas from three separate reservoirs, the Ashover Grit, the Wingfield Flags and the *****tone Flags. This totalled 710 barrels of oil equivalent per day from all zones.
Why not just show a bit of patience? The above shows that Egdon will issue an update on flow rates. It's been shut in for 6 years and only been flowing for about 2 weeks!
If this is typical of your local Councillor in 2021, God help us.
Have you read the letter?
OMD.
Not even proof read.
If this is typical of your local Councillor in God help us.
Am I the only person who's pleased with what UJO and their partners have achieved especially in a period when Covid-19 has caused much disruption? Of course, I'd like the share price to be higher, but who wouldn't? At Wressle I was dreading an RNS saying that the oil wasn't flowing. I don't really care if it takes until May before it flows at 500 bpd. Slow and steady is surely better than a botched rush job. Things appear to be positive as regards West Newton - hopefully the B1Z EWT will begin in March.
With Biscathorpe I have no choice but to believe what the likes of Graham Bull have to say about this project and I'm acutely aware that things can go wrong.
Reading this thread you'd think that a person picked at random off the street could buy a license, raise cash, drill, test and put in to production all in the space of 6 months. Get some perspective and have a bit of faith.
And the consolation is?
We'll just have to show a little more patience I guess
I think the frost on the ground in the recent photos would suggest they have been taken in the last few days - great photo-shopping if not.
Is it not EDR who are in charge of news/press releases rather than UJO, in the same way that Rathlin Energy and RBD run the show in respect of West Newton?
Can't understand the mentality of those who post on here ****ging off everything to do with UJO and, apparently don't hold any shares! Anybody who invests on the basis of reading anything written on bulletin board is asking for trouble. I wished DB and his family well in view of the disgusting behaviour of some BB posters/swampies and he was courteous enough to reply. As regards WNB1 side-track he gave a two word reply!
65jh- 'Hearing things that aren't good from drill site.'
I have no agenda but who are you hearing these things from?
isdeer - does "fully funded" - for drilling and testing at WN and Wressle - mean the same as "paid for in advance?"
I hope so milnrow