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Yes, dreadful performance from the 2 dimwits. The Chairman should be looking for a replacement as our glorious leaders have proved to be overpaid & unfit for purpose. For those attending the AGM & the investor evening please give them the treatment they so richly deserve.
The share price tells you all you need to know.
WN is in hibernation until next year. When the make or break horizontal well is drilled. If that flows all well and good, it’ll be sold asap. if it doesn’t it’s game over for these guys.
The only news on the horizon is Victory, and there’s no clue as to what the acceptable bid actually was.
My own view is that the numbers/price will be at the bottom end of over hyped expectations based on NAV valuations in the £100’s mm..
If RBD get £10-15mm in immediate cash that’d be a good result, with further kickers on progress.
Market cap £24mm, money raised over £50mm.
How many institutions would see that as an acceptable performance for a fund manager?
Selfish, thank you for your reply. Now we know that you at least believe that if there are no returns to share holders within the next 12 months then Reabold have failed to deliver on their promise.
Well (excuse the pun) they better get cracking had they not.
5 years seems about right to me, dippy, to find a company with a good asset needing funding, carry out due diligence on the company and the asset, agree terms, get a CPR, sort out planning, HSE, OGA, Environment Agency, secure a rig, drill, cope with a pandemic, sort out more planning, HSE, OGA, EA, build a pad, secure another rig, drill and test, extensive lab tests and reports, another CPR, HSE, OGA and EA again, secure another rig, drill and test, more lab tests and independent reports, FDP......maybe point of sale.
No doubt I've missed loads of stuff out. Perhaps you think it's all done in a couple of weeks. Perhaps you know it will take many years but are just sowing your normal seeds of doubt to cause discontent. Whichever it is I'm amazed I even bothered to reply to you. What a waste of time.
Selfish, over 4 years ago in a statement Reabold Resources said this
"Investment returns are key for Reabold. Projects must demonstrate the potential to deliver high returns over a short time frame"
What is a short time frame to you Selfish?
That sums up your BS persimmon. The thread is discussing West Newton, you make an arse of yourself saying there's nothing there, so pretend the thread is about the other licences.
Idiot persimmon
'nothing there' as in...
Wick
Colter
Grizzly Island
Parta
Any more projects spring to mind Selfish?
Like West Newton or Victory perhaps?
'nothing there'
idiot persimmon
It can be a million pounds per therm but if there's nothing there then.....................
RNST, did they use today's price per therm? No, of course they didn't. They used the forecast prices, obviously.
"...recoverable hydrocarbons of 203 billion cubic feet of gas and 1.2 million barrels of oil - with an estimated gross cashflow of $1.3 billion."
They have yet to prove if any of this is actually recoverable, rather than theoretically recoverable.
Price per therm of actual gas is today £1.67/therm Todays price of unproven theoretically recoverable gas is £0.00/therm.
The mess they've created? What, owning most of a licence with recoverable hydrocarbons of 203 billion cubic feet of gas and 1.2 million barrels of oil - with an estimated gross cashflow of $1.3 billion.
I think Uggy is at least a realist, and is not like a few posters on here who remind me of 'a blind man clutching at straws'.
Does that resemble anyone you know SelfishMcNimby? It should do.
All I cany to that is your opinion is way off the mark.
I think my comments are valid & no I don't like S&S because of the mess they've created.
As there is no way I can be compared with the P word I respectfully suggest you belt up.
My opinion of you Uggy, is that you are definitely persimmon, and you throw the occasional torrent of abuse his way as a smoke screen.
You don't like the management or the findings of the independent reports, and you don't like the assets. Why would you be a shareholder here?
In addition, as recently as Jan this year RPS mention flow rates of 1000 bopd of oil/condensate could be possible from a horizontal well driled in the "OIL SECTION" of the reservoir.
We can only hope that the awaited cpr will provise some illumintion.
Looking at the conceptual development plans we are targeting 203 bcf of gas. This is in line with the volumes estimated after the A2 drill.
However in addition to gas said A2 well also indicated oiip at 145 mill bbls, so what has happened about the liquids ? Is it now regarded as being unrecoverable ? Has it evaporated ?
True to form the dynamic duo seem to have airbrushed it out, rather galling when you consider the .9 placing for their project Wallace specifically mentioned oil.
My opinion of the hapless duo continues to plumb new depths.