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'Perhaps our 2 fools should take note !'
Yes this encapsulates the two wrinkly sphincters to a tee,
https://www.youtube.com/watch?v=MSVTOMkJdqs
The two cretins need to get on with drilling drilling West Newton!
https://news.sky.com/story/uk-should-build-new-gas-fired-power-capacity-to-use-as-backup-government-says-despite-green-targets-13092730
Well at least UJO are trying to do their best for shareholders with their foray into the U.S.
Perhaps our 2 fools should take note !
If anyone wants a laugh listen to Malcys interview from 3rf October last with the 2 cretins. Tragic isn't it.
I've wanted to see the back of them for years.
You guys need to ditch the siamese CEO's. They are just taking your shareholder value and using it to feather their nests. Kick 'em out before it is too late. They only have one non-exec who used to work for Repsol who knows anything about oil and gas. Really, a stranded gas project nearly 20 years in the waiting in Italy, a UK project that won't make money and a US project that can't get its enviro permits. It needs new blood.
GP, a far cry from 2019 when SW announced a vast 'oil lake ' underlying the gas reservoir isn't it !
Lack of progress re financing Rathlin is shredding the sp as is the need for a feasibility study.
I don't know about you but I maintain that our ceo's are utterly clueless when it comes to O&G. I don't believe they've made one good decision here.
In January Reabold Resources was still buying millions of shares into treasury, and at a price less than 50% it was buying them only 6 months ago.
Is the company in such a good position, or our directors sailing the RBD ship into the reefs?
Hi Uggy. IMO a better and cheaper option would be for Rathlin to re-enter the suspended WN-A1 discovery well. This apparently had high pressure gas (and maybe some oil) in the Zechstein KA formation. This well also seems to have had gas in the Rotliegend, as well as in the KA reservoir. A cheap work-over rig could perhaps be used to do this and it would mean that it shouldn't cost more than about £1 million gross. If the Zechstein KA still looks good, then they could perhaps consider a short horizontal kick-off, which would have the benefit of not being located too far away from what seems to be the best part of the KA reservoir. As to a possible EA permit for oil testing, I think the liklihood of getting oil to flow through this reservoir is pretty slim and there may not even be any significant oil present. But time will tell, of course!
So what is exactly happening now at CS, are we waiting for the Italian authorities to say 'si'?
This could take 12 to 24 mths!
Well we move into another week, I wonder what the two wrinkly sphincters are up to?
Daybreak and Parta are very interesting subjects, the money invested into them via the shell companies set up, what has happened to it and if any is still around can it be moved back into RBD?
Uggy, you mean like they can pay themselves massive salaries?...............................
Dodgy. Yes, illegal no.
So do people think that there is some criminal element going on with this IOM based outfit Gaelic Resources and Reabold shareholder's assets? 🤔
....Exit two villains in Ferraris followed by a mob of screaming shareholders... on foot as usual!
If the highly deviated well is used to target theRotliegend does that not mean it will. Pass through the mythical WN oil.reservoir ? I that is the case do we not need an EA permit to flow any oil recovered ? Just a thought.
Now that would have been a question to ask at Edinburgh.
Uggy, what a co-incidence isn't it. Reabold Resources started a new company in California call Reabold California.. They provided £6M to that company. Years later in a deal it became part of an American company called Daybreak Oil & Gas, that had never made a profit in over 50 years of trading. Part of the deal included a company called Gaelic Resources whose only two directors are Stephen Williams and Sachin Oza. That private company on the Isle of Man has limited exposure to investigation by private citizens.
Get my drift..........................
Persimmon, does it matter, Daybreak haven't got the money for a drill anyway. Money thrown into the bin by our 2 cretins imo.
Today's Market Cap down yet again to £6.3 million vs £9.0 million cash in bank, translates into RBD trading circa £3 million below cash in the bank. Therefore not only are 'ALL' of Reabold's assets worthless, the cash is viewed as almost worthless to. What can the Bozo's fan club say about that then Jack Diamonds and Co? The market knows the two Bozo's, Clowns, Cretins are an absolute liability with shareholder's funds. JMHO Adyor!!! 🤡 🤡
says it all really. The two clowns 🤡 🤡 are making this company a laughing stock of all AIM companies and they are still getting paid huge salaries from shareholder's funds... JMO!
"California Court Rules Kern County Oil, Gas Permitting Scheme Illegal
Victory — County’s environmental review again deemed unlawful, local permitting halte"
Beneath dated 7th March 2024
"FRESNO, CA — A California appeals court ruled unanimously today that Kern County violated the law by using a flawed environmental review for its local oil and gas ordinance designed to fast-track permitting. This is the second time the court has ruled that the county’s rubberstamping of oil and gas permits violates the state’s foundational environmental law.
As a result, Kern County has been directed to set aside its permitting ordinance, and county officials will remain prohibited from issuing local permits for oil and gas projects. If it tries to move forward a third time, Kern County will have to adopt a new ordinance and redo its environmental review to comply with the California Environmental Quality Act, or CEQA."
Henry, the alternative is that if they tell us we won't like it.
simon, after their latest screwup at wn, i decided like many others, to give up on the absolute gob****es and at least
pay for a holiday with the proceeds. i'd think you are thinking of doing similar before they have to revalue and become
a complete dogs dinner.
Henry, this may answer your question re CS.
https://va.mite.gov.it/it-IT/Oggetti/Info/10561
the deadline for public comments is 27.03.24 - it's not clear how long the process takes but this may shed some light
https://va.mite.gov.it/it-IT/ps/Procedure/InvioOsservazioni