Member Info for Uggy100

persitawt, towards the end of your last post-"gas may be the only saviour if found in massive amounts and then providing the cost of transforming sour gas to sweet are not prohibitive."Care to back that up with any FACTS you freak ? The answer is no you can't as you're talking complete drivel AGAIN.

persi you tree hugger, give it a rest you're becoming increasingly boring.

feelin lucky

Instead of relying on twatter perhaps you should do a little bit of your own research ? 2/3 rds of Humbers RBD shares are locked in for 3 mths with a further 3mth stipulation for an orderly exit should they wish to sell up. Jeez, some people here are a joke.

Lenin

Do your own research ffs.

RNS T, let's put the boot on the other foot. Were Humber not a distressed seller ? Can you give me an example of what the value of, what will be, a pretty much fully appraised WN field might be ? Onshore & close to existing infrastructure ? No you can't as this is something that comes up very rarely. I've seen you on the ADVFN site (I assume you are one & the same). It is totally beyond you to be positive about things & you are purely here to disrupt. Each to their own but don't bother to trouble me again, green coffin for you you waster.

We need the results of the drills/tests before we can tk about who may be interested.

RNS T. Yòu"re using the base case for your calcs on WN, the whole point of the B1 & 2 wells is to prove up the areal extent of WN & the Cadeby which most of us are excited about. In addition $5_$8 is about right for OFFSHORE not onshore bit I guess that doesn't suit your agenda. The only part of your post I can agree with is that the 3p price some people are looking for is pie in the sky.

TL, there was no hostility aimed at Rubey in my post, purely my thoughts on what should be happening imo.

And if I were you I'd refrain from jumping down anybody's throat that disagrees with you.

With, I might add, a substantial amount of dilution for PI's.

Rubey
We all have time frames I've been here for a few years & you are a newer investor. S& S need to do what it says on the tin & sell after WNA EWT & WNB-1 & 2. If they are seriously thinking of continuing with C & D then that's adding years on to the project. I'm hoping this is all part of getting a sale of WN in place.

Exploration

Is that the aquifer that hasn't been found yet ? No sign of water during the A2 well.

Yes no. 6 I think it will be the PEDL that's sold off not a takeover of UJO, the only question is for how much if the EWT is successful.

Rubey I doubt it/hope not as thay would mean we're exposed to fracking projects which is unconventional oil & something RBD have said they eill not do.

I think so too krull, however for tha sake of balance nobody knows until an EWT is concluded, therein lies the risk.

cconsult, I couldn't agree more, there's very few posters who can provide the technical knowledge that I for one like to see. That's not being derogatory to other posters by the way, I've worked in financial markets most of my life, it's the geo side where I'm weak.

Tks GP, I have to admit I'm none the wiser lol. I guess time will tell.

Correct GP, my $10 estimate was based on recoverables not OIIP.

Phoebus
Re your earlier post on the value per bbl. I would think a price of around $10 is a realistic figure especially as it's onshore & next door to existing infrastructure. Anyway a bit more work to do before we can get to that stage.

GP, as a Geo with knowledge of the oil industry I wonder if you could answer a question I've been mulling over for quite some time.
As DB has said on a few occasions there have been lot's of tests on the core samples taken from WN (& Cadeby too I think) They don't know what the api of the oil is ? UJO have stated the api for the hydrocarbons from basic studies at Biscathorpe & they haven't even found the reservoir yet ??????