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G.P Personally I see ADX 'Parta' company with Danube Petroleum and RBD before the New year.
They say if it quacks like a duck and waddles like a duck then it is a duck....I would add Parta's waddling is almost over and soon it will be a dead duck. Not long to find out that it's another transformational Colter
Selfish. I still have some good oil industry contact but, as I said in my Sunday 10:47 post, it's only my opinion, and anyone is free to disagree. However, I think it will be interesting to see what happens next at Parta, and preferably before the licence expires!
Wow GP, you clearly have some good contacts to come up with this statement!
'it's more likely due to ADX concentrating on their other assets in Central Europe or, even more likely, due to the lack of any serious third party interest'
So, Reabold were lying! Goodness, I'm glad you put the record right. Out of interest, was persimmon your advisor?
Thanks Selfish. As suggested, I watched the recent RBD presentation again and this time listened more carefully to what Oza said about Parta. I still can't accept the reason given for the delay there because it hasn't, IMO anyway, been caused by RBD's concentrating on monetising other assets. They are not the Parta operator, so it's more likely due to ADX concentrating on their other assets in Central Europe or, even more likely, due to the lack of any serious third party interest. It seems to me that RBD's management have ignored the last mentioned elephant in the room. I tend agree with what persimmon says below about ADX and the likelihood that this licence will expire or be relinquished before the end of the year. Another prospect will probably bite the dust, I'm sorry to say.
Idiot persimmon.
RNS's are posted so I believe Selfish
'The viewer can always find out the truth by research into the background of posts'
Clear as mud.
And perhaps your lack of interpretational skills Selfish!
Perhaps it was your poor use of English grammar, persimmon?
Where did I mention researching you Selfish.
You have just made my case to potential investors/
Potential investors don't give 2 shlts about researching me or any other poster, persimmon, they just want the facts. YOU don't provide them, but you nicely proved the point I made in my last post about attacking shareholders. Congratulations.
Just in case anyone is reading this board for the first time, SelfishMcNimby is the resident company man. He always resorts to name calling, usually idiot or sometime obscenities to anyone with a negative view. He never provides replies to dismiss posts as lies as he should. The viewer can always find out the truth by research into the background of posts, both into RBD directly or the many companies upon which the directors sit. Where I provide observations they are in my opinion and based on my own research. Selfish hardly ever gives any other post other than a positive one.
New investors should make up their own minds, do a lot of research and take SelfishMcNimby's posts with a large dose of scepticism. Only them can one make an informed decision on whether to invest or not.
Just in case anyone is reading this board for the first time, persimmon is the resident troll, and none of his posts can be trusted. When he's not attacking the company or it's assets, he's attacking the shareholders. It's best to refer to the latest presentation and recent RNSs for the facts.
https://www.sharesmagazine.co.uk/video/reabold-resources-lse-rbd-sachin-oza-co-chief-executive-stephen-williams-co-chief-executive
Parta is that good an asset companies are queuing up to replace Tamaska who 'bailed out' over a year ago.
Joking of course/
Right on Mackrubey.
Anyone who does real in-depth research into Danube Petroleum's j/v with us will see that ADX has all but given up hope on Parta in Romania. They are concentrating efforts in Austria and their Siemens Partners in Geo-thermal ventures.
'Dead Duck' Parta will go the same way as Colter in my opinion.
But let's hope against hope that some embers that are left in the fire will re-kindle.
Remember also that that if no funding partner following Tamaska's pull out is found before the end of the year the licence for Parta runs out.
GP, 22.30 into the presentation. Parta has been on hold while they monetize other assets. That infers to me that once the other assets are monetized, they'll kickstart it again, and I assume that's also deemule's thinking.
Hi deemule. Can you say a bit more about why you think that "Parta will kickstart again once the cash is in the bank"? We are not the operator there and, as far as I can see, the operator still has no plans for it. I think this is probably because Parta has never tested gas at anything near a commercial rate, which I think was due to reservoir damage
As if we have not have enough good news to look forward to.
Parta will kickstart again once the cash is in the bank at an accelerated rate i reckon, now the EU have said they will provide funding/grants for developers and the Romanian government has reduced taxes on gas developers.
Covid with the lack of investment in new sources of energy and Putin have created the perfect storm for RBD and some of the peeps on this BB. Not quite so for other's a living nightmare.
The other good thing here is that we still have the 2nd half of last years revenues from Cali when the POO spiked up before we were taken out to be announced that has to be well north of $1 million profit and now we are fully funded over there for further drills with$2.5 million in the bank and Daybreak must be running at a profit now with 100 barrels plus per day at present prices and add to that the gas. Happy times are coming for some of us.
JM the RNS could land anytime between now and late August as they have agreed to take over the rump of the Corralian no later than 31st August so the sale will have to be completed well before that. ATB.
Just go away and play with yourself again persimmon.
"Selfish I don't see how anyone will make an offer for WN before a successful flow test on the horizontal well & in the unlikely event of it happening it would be a real low ball offer".
Selfish is the type of person that will buy a car without even knowing if it has an engine.
Business owners know better, that's why the above statement is 100% correct!
I'm sure it would be a low ball offer in comparison to it's top price, Uggy, but a bird in the hand is worth 2 in the bush.
canigou nobody has the slightest clue how much Victory will be sold for but everyone is entitled to their own opinion.
Selfish I don't see how anyone will make an offer for WN before a successful flow test on the horizontal well & in the unlikely event of it happening it would be a real low ball offer.
Finally with all the green boxes I'm seeing is the p word posting moe than ever ?