Member Info for Yare

So that is Saturday and Sunday's oil taken. Probably only one tpd for the rest of this week.

RBD has a market cap of 28M against UJO's 16M (as I write) so the effect of West Newton on RBD is not quite so great - they have a more diversified portfolio.

the % gains today are about in the correct proportion imho.

Following the placing in June 2015 at 2.25 pence there were just over 2 billion shares in issue. Now there are just over 6 billion.

Some posters here are writing garbage in the hope of deramping!
~
Don't be fooled by them!

4 years ago the SP was 2.5p or less. You only have yourself to blame if you invested on the spikes since then. Otherwise you would only be down 40% on your initial punt. Not bad for an AIM stock!

I looked at the new traffic drawing showing access for a 22-wheeler to the site. I believe that there should have been another drawing showing one leaving the site. If I am correct then the planning will be deferred again.

Planning meeting. According to Drill and Droop yesterday the planning application has been deferred yet again, to at least 10th July. We'll be lucky to get our permission before Brexit at this rate. :-/

https://mycouncil.surreycc.gov.uk/ieListMeetings.aspx?CommitteeId=122

Based on JayKay1's figures of 72 millions barrels of oil.0 and 25% the well will be effectively depleted after 8 years having provided 1million barrels of oil.

Even with depletion at only 10% the single well will deliver less than 2.5 million barrels over 20 years.

The rest of JK's post is more speculative.

This is AIM. Nothing is ever definite. But I topped up last week at these levels.

Somebody save me from wading through all the RNSs.

Have we constructed the collar for the HH-2 well yet? This needs to be done before the rig can be used.

Going back to the Noise Mitigation Scheme submitted in the planning application for HH-1z and HH-2 I see:

"The British Drilling and Freezing Rig 28 has been contracted for the appraisal drilling programme. The sound power level LwA emitted in any given direction is between 99 and 113 dB according to the noise survey report provided by the contractor. The rig has directional characteristics so the actual value measured at a particular point will vary according to the orientation of the rig. At Horse Hill the rig will be oriented with its pipe racks directed due east."

Further:

"The P W Well Services Ltd Ideco H-35 workover rig has been contracted to provide workover services: these services do not include any drilling. The sole significant noise source on the rig is the Detroit Diesel 8V71 engine, which develops 307kW. An auxiliary power generator and an air compressor will also be required."

Rig BDF 51 is specifically mentioned in a different document.

But I also note that "Should a workover rig be required (which is not considered likely given that similar workover operations have been performed to date using a crane)". This is paragraph 39 of SCC Ref 2018-0152_planning_Non Technical Summary Horse Hill which may be referring to HH3-6 rather than HH-1z and HH-2.

Drilling rig:

The drilling rig for HH3-6 is named as "BDF Rig 28 Ideco BIR5625" in "SCC Ref 2018-0152_planning_ES App 3.2 Equipment List Sound Power Levels - Rev 2".

The workover rig for HH-1z and HH-2 is "Moor 475" in the same document.

So we are NOT waiting for BDF Rig 28.

Glad to put that suggestion to rest!

Share price is almost unchanged from July 2017, March and June 2018 and much of this year. Obviously a strong buying opportunity.

I'm happy with my top up thos morning at 1.098. Now averaging about 1.7p

The first 3 weeks of June are still Spring. I'm still waiting for the planning application on the IoW for Arreton that was planned for 2019 q1.

https://youtu.be/AFSx9fE1qJ8

There should be a time limit where any planning application that has not been heard is automatically approved. Six months would be adequate.

So only one planning meeting since November 2018. No wonder SCC is short of funds.

Lets go ahead and drill the two approved wells. NOW.

3 farthings? I think not.

The 1.1311look like sells too. so slowly drifting up. 1.15 close.