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Hey Manwell, it's good to see you are still out there. JackD should be able to advise on why the company has taken your 'cheap' route .
Yes I still want the two despicable and incompetent sphincters out!
Any potential investors Just keep running πββοΈ as fast as you can in the opposite direction to RBD...it's just too scary to watch... π¨π¨πββοΈJMO
Yep, don't know why they bothered apart from telling us that as a result of their actions we're all booked.
The two sphincters will find out come June this company will be done for!
Share price reflecting what a superb delivery of a presentation the jokers provided last night.
It's odd that Rathlin has yet to post any updates on their website
Manwell couldn't agree more, money wasted on the "conceptual gas development plan" & I'm damn sure they've taken the cheaper option, I'm aghast at the amateurish stance taken by Rathlin & RBD must take some responsibility as majority shareholders & with an idiot on their Board. Years have been wasted here due to financial mismanagement which is not good enough. Like many here I have a lot of reservations about WN ever going forward. Surely you agree that S&S are not fit for purpose.
Maxwell couldn't agree more, money wasted on the "conceptual gas development plan" & I'm damn sure they've taken the cheaper option, I'm aghast at the amateurish stance taken by Rathlin & RBD must take some responsibility as majority shareholders & with an idiot on their Board. Years have been wasted here due to financial mismanagement which is not good enough. Like many here I have a lot of reservations about WN ever going forward. Surely you agree that S&S are not fit for purpose.
Unfortunately this appears to be a totally uninvestable company since Dumb and Dumber have thrown Β£ millions into projects that have no future. The only persons to make money out of RBD appears to be the two incompetent idiots in charge is that not the case? JMO Adyor!
Agree, I think RBD will not want to go into NSTA's 'black book' so will will see movement....probable just enough to satisfy the NSTA yet be enough to give a long delay to events.
The Chuckle Brothers would have had more productive ideas about the correct well to drill at WN than Dumb and Dumber running this outfit. π
This is note 25 in the 2022 accounts from Rathlin - states as follows:
"On 01.03.2023 the NSTA formally agreed with the Company's proposal to reorder the additional components of the Company's work programme such that the drilling and testing of a new Kirkham Abbey deviated or horizontal appraisal well be undertaken by June 2024, the recompletion or sidetrack and testing of the WNA-1, WNA-2, or WNB-1Z well also be completed in that same timeframe, and a field development plan be submitted by June 2025."
note "completed in that same timeframe". Paul my guess is if drilling/testing is underway as at 30.06 they will be given more time - almost by default. If nothing is happening it's my opinion that the permission to drill will expire and further permission will have to be applied for from the NSTA. Does anyone read this differently?
such a frustrating rns to read from a technical point of view. after all the data gathering, analysis and well modelling they still decide to go against those results and drill highly deviated because its cheaper. do it cheap do it twice.
rich data set from drilling and testing will inform drilling of first optimised horizontal well (b-2).
horizontal wells will expose significantly more reservoir to the wellbore and allow for enhanced productivity potential.
all future development wells expected to be horizontal.
rps modelled expected rates based using an optimised completion method and horizontal well.
modelled 35.6 mcfd gas flow (5,900 barrels of oil equivalent) as daily average rate for first month production.
the feedback from all the data sounds really good and promising doesn't it jv team - i think if we drill a horizontal well it could potentially unlock the whole field - yeah it does, but i tell you what.....why don't we drill highly deviated and go and look at a new target when the projects on its ****! excellent idea - it will be cheaper and it wont produce as much but at least we get to look at something else. (said the geologist)
Can someone clarify the June deadline, what happens if we have done nothing by then?
The question I ask is why oh why is Williams still joint ceo. He is a man who is incapable of honesty & has no O&G acumen whatsoever. I also don't think Oza is much better.
Would not be surprised to see the usual rise in the s p tomorrow morning after any podcast etc. Then a decline after the MM's have captured a number of unsuspecting newbies.
I think this company is now totally uninvestable because of the bad management seen on so many projects where tens Β£millions has been effectively written off as non-core assets. What a sham of a management team. π€‘ JMHO ADYOR!!! Run!!!! πββοΈ πββοΈ πββοΈ πββοΈ πββοΈ πββοΈ πββοΈ πββοΈ πββοΈ πββοΈ πββοΈ
Just keep running πββοΈ as fast as you can in the opposite direction to RBD...it's just too scary to watch... π¨π¨πββοΈJMO
Take care....MM's out to hook inexperienced traders.
Remember...RUN and don't look back!!!!!!!!!!!!! π¨ π€‘ π¨
Unfortunately this share is so toxic because of the total incompetence of Dumb and Dumber in charge, there is very little chance of any new investors coming into RBD, especially if anyone reads the slating the two cretins deserve on here. The only advice any sensible person would say to any prospective investors would be...Run away as far and as fast as possible before the two cretins lose your money like they have done with all of the other shareholders. Don't forget Run and don't look back at the horror movie!!!! π¨ π€‘ π¨ JMO ADYOR!!!!!!!!
Sorry Simon, whilst I agree SW is a complete c**t there is such a thing as guilt by association so SO is just as culpable &, as such, should be pilloried. Both have been proved to be completely inept.
β They were also mugged by K.S into taking a stake in Daybreak, that is unforgiveable. β
Who mugged them into taking CS and Simwell, pair of sphincters!
Rather surprised we are not a lot higher, but general apathy towards this company remains deeply rooted and not without reason and the 25 million sell didn't help.
Having said that I still think the share price is a steal at this price with all the assets they have even if they are in a hiatus with them A.T.M they still have value and we are still valued less than the cash.
So just to cheer up my detractors praying for my down fall along with R.B.D, I have added again today, the first time in six weeks actually.
The whole board need's to brush up on their P.R skills and get a few more institutional investors on board.
A.T.B