Member Info for Yare

The application to drill, core and test an A-3 pilot hole and horizontal wellbore is planned to be submitted to the IOW council in the first quarter of 2019. So we might have an RNS on Friday.

We need 7 tankers a week to move our 200bpd. No tanker movements over the weekend so 2 on Mon and Tue is about right. Need to keep the oil moving.

So they want another General Meeting.

SS could be delaying so that the drilling can be completed in a period of good weather. I wouldn't want to be using a tall drill or crane when there are gale force winds around, and snow wouldn't be pleasant either.

But the main probability is locating a suitable drill rig. How many of these are there in the UK, where are they based, and who else is using them?

No problem, bigjamie, SS deliberately choked back production to one tanker (200 barrels) per day. It is more than enough to pay the bills.

Classic tree-shake by the MMs has caught out a significant holder, but nowhere near GBP250k by my addition.

Kiwi, 2-3% over a week is neither here nor there, especially when there is such uncertainty in the global markets. Or were you trying a subtle deramp?

Yes. If we are filling a tanker a day then it makes sense to deliver the weekend's crude on a Monday rather than paying extra for the staff at a weekend.

Should be about 7 tankers a week with the well throttled back.

£2.1 million will only take 27 days to recover at 2,000 bopd @ $50 profit at the current $/£ exchange rate.

Who sold that one?

Thank you, LSE, for cleaning up the BB this morning. A shed load of messages just disappeared, mainly regarding some Southampton drill cores.

Are they able to flow the Portland at the same time as the Kimmeridge? I don't know if the pipework would allow it, but it would be interesting.

coming shortly, as they screwed up one of the dates in the first one. But otherwise it looks like business as usual.

I would suggest that SS is still attempting to increase his holdings in the Weald PEDLs and of HHDL. He will hold back the news as long as he legally can if there is any chance of increasing these assets.

It is disgraceful that anybody would convert such a small number of warrants or options that the proceeds do not even cover the cost of issuing an RNS.

Now to celebrate hogmonay, and all the best to lths for 2019.

My prediction for this time next year is in the 3-4p range. I suspect that some are over-optimistic.

Thanks to the eyes on the site for keeping us well informed.

buy to round off a good day. Roll on Monday morning.

but SS: "We are delighted to acquire this further substantial share of the Arreton oil discovery ..."

Sprott taking a larger share of the pie!

Very late - should have been sent out on about 1 Nov! Anybody going?