Member Info for wasit10538

Update on schedule of works for Romania.

It seems as though Parta and West Newton will be flow testing pretty much in tandem,in about 2 weeks time.

The March date is for well testing (it will have been shut in for 6 months) and the early April date is for production testing after cleaning up
and preparing the well for production starting in March.

IMIC-1 test beginning this month.

It's MMs using Morse code,- - - - - . - -,it reads "Persimmon hasn't bought in yet,keep the ask low".

Jim Slater Telegraph 7 March 2015
" A cluster of three or more directors selling or buying is almost invariably meaningful."

So Rathlin are funded for the drilling program,UJO funded for the drilling program after the book build,but how are Humber going to fund their share of the drilling program? Reabold have potentially 7million pounds still to be invested.

Prudential and M&G demerged yesterday.

He reckons we are worth excess of 5 pence on West Newton alone from the documents he has seen.

There seems to be a lot of surprise that Reabold are increasing its stake in Rathlin,but this was always Reabold intention as per the RNS of 22/8//2019
"Reabold currently holds a 24 per cent.economic interest in West Newton via its 36 per cent.holding in Rathlin and it's ultimate economic interest will be confirmed once the next fundraising round is complete."

adoubleuk why do you think that they will P&A the lower section,is it because of the pressure at this depth necessitating a dedicated well?

The RNS of 7/8 states approximately 27 days which would be Monday 2/9 but the latest RNS on the 27/8 states approximately 29 days which would be Wednesday the 4/9 from the spudding date.

Give them enough rope and they always hang themselves.

In the recent interviews an emphasis has been placed on avoiding the large fractures (to avoid water ingress) and the importance of the 3d survey to find the best areas to drill to prevent hitting the large fractures. So it is possible that at 16z they hit one of the large fractures giving the initial high flow rate followed by water ingress dropping the initial flow rate,so they are on a learning curve of where to drill and how to bring them onto maximum production. If so just inform the investors.

In the box market podcast yesterday Paul Haywood said they were moments away from spudding well 38,I added more on the basis of that statement.gla.

Does Aunty Jean know that Tucker is out on his own again........Tinga was always the brains and so much more polite.

We do not know how many barrels of drilling fluid are to be recovered,all the RNS States is that a minimum of 1200 barrels were lost to the well.

There is a golden rule when cutting timber " measure twice,cut once" which should equally apply to pI's and RNS,read twice, trade once ( or not at all). I do wonder if that RNS was for the professional investor rather than us amateurs.

I don't know why posters keep quoting 1100 bopd production when the company have been consistent in saying they want a stable 700 bopd production,which after the clean up is finished they may achieve.

You do have to laugh at the shenanigans played out on AIM. Several posters begin by mentioning a unknown author commenting on BLOE whose piece cannot be reproduced on penalty of a £10,000 pound fine,then said author appears on the BB on a Saturday evening ( what's up Gary were the fish not biting today so you thought you would try a different pond?)to inform us that the Georgian Government will want their cut of the profits,.I've never heard of that before a Government wanting some of the oil revenue profits for their own country,how outrageous. Sorry gentlemen but no cigars.