Member Info for Desmond45

Rubey, we are potentially giving away 12m quid in exchange for shares in RBD which is effectively a form of dilution. God I do despair sometimes reading the tripe on here sometimes.

“Completion of the Possible Offer at the Exchange Ratio would result in Reabold shareholders holding approximately 76.2 per cent. and Deltic shareholders holding approximately 23.8 per cent. of the combined group's issued share capital.”

Rubey, perhaps for investors/traders who have spare change or a bit of pocket money invested it might be exciting to see a potential blue sky expo drill in 2021/2022. For those with sizeable investments awaiting the sale and/or special divi from WN this would be an extremely dilutive (around 25%) event at nearly historical low prices while we are allegedly on the cusp of huge success at WN.

Dear S&S

Please prove up WN before you dilute everybody yet again.

Kind regards,

Every PI who has dealt with your missed timelines and ‘running room’.

Shocking update. I’m outta here.

“The naysayers will disregard all that has been achieved”

I’m intrigued Rosso, what has been achieved to date? Other than proving that most of the 88E leases are grossly uneconomic?

Sending some kid from uni to go do some sampling in the Yukon, what an absolute joke this share is! A barge pole stock if ever I’ve seen one. I believe I heard paid ramper Doc J said he would eat his own diock if this didn’t bag and it’s lost 50%+ since then Hahah

People are forgetting that there is transformational Billingham / Greece news imminent. A poxy lawsuit in the US which accounts for 5% of the companies revenue isn’t going to have a massive effect. It may go slightly lower but the placing shares will clear eventually and this will move up. Patience pays. See you all (who have the bottle) at 1p.

Lovely cheap shares. Loaded up.

“Next FO Drill chance in CNS region should be a Strike.
Next move on XCD likely to be 3D Seismic. Then?
Plus an FO unconventional Drill in CNS region for HRZ oil flow test.
IMHO two, even all three could be successful.”

Based on what Phrontist??, you are the biggest dreamer I’ve ever encountered. In fact you and a number of others are probably paid to ramp this absolute dog. I don’t see how anyone with half a braincell thinks that we will nail the HRZ, in addition to commercial oil on IW leases (have you seen the oil price?) why are many US oilers getting destroyed (especially shalers with way lower B/E than in Alaska) in the current climate? and lastly XCD which are at least 2 years away - how are they going to pay for 3D on those leases? Yep u guessed it a whopping great fundraise. All the companies in this area are a crock of **** look at the likes of great bear, otto, rmp, and then Panr who somehow only managed to perforate a a few meters of reservoir enough to continue the gravy train of awful lease ‘development’ on the north slope sub par leases. No agenda here - I lost a heap but had a relatively low average compared with some on here, I feel for the people who bought in at 2-3p. This is no worse than other dog shares like UKOG, AST, NUOG etc.

Hi Moda, mainly because I bought into this company as a novice investor many many years ago, taken in by the shiny presentations and what might have been. Believed all the jam tomorrow and endured every gut wrenching drop when every single avenue failed to materialise. Wouldn’t wish any potential noobie investor to get suckered into this Ponzi scheme the way I did. DW takes it home in wheelbarrows and it’s an absolute disgrace. The last AGM coupled with an overpriced XCD buyout which benefits nobody except DW was the final straw, an absolute bunch of corrupt clowns. What’s the odds on the HRZ miraculously flowing elsewhere on our leases after disastrous IW2 debacle? I’d say 1000/1 and that’s optimistic. A consolidation is also a matter of time IMO, plus the current mcap of 23m odd is also grossly overvalued. You’ve got tiddlers like UOG pumping out 2500bopd on a lower cap than this. These ozzie lifestyles companies will never realise value for holders when there are periodic dilutions. Stick to proper producing oil companies like TXP for example, or RRE before it got bought out. Premier walking away here speaks volumes.

Unfortunately the conventional assets have turned out to be rubbish, I don’t think it really matters where they drill now. The payzones are generally water saturated 50-80%, low porosity 11% as per the latest petrophysical results. They’ve said it themselves the oil (If present) is likely to be compartmentalised. Can’t tell the difference between condensate and oil despite all the millions spent on 3D and inversion. Consultants like Steve Staley getting thousands per day who clearly doesn’t know a right lot do they? Operating costs through the roof at ~20m bucks a drill, short drilling season. There isn’t a cats chance in hell that conventional oil will EVER be commercially produced from the existing 88E leases, which is exactly why they’ve bought XCD. The company has effectively gone back to square one to do the whole rinse and repeat all over again. XCD leases don’t even have 3D.. the thing that ****ed me off the most during my time as a holder is Dave Wall, who is nothing but a lifestyle ozzie snake oil salesman, the no oil-oil-no oil antics with RMP sum this venture up. The guy comes over once a blue moon to drum up a cash raise and buys holders a drink, and everyone says how great a guy he is. What happened to the alleged geologist who wanted in on Charlie because he knew what was down there?? Biggest appraisal well in the world in 2020 and it wasn’t even oil! What a crock..

I dread to think how many placings will occur and how many shares will be in issue before some concrete SP increasing action - maybe someone will front an attempt at fracking the HRZ if Davey gets a lab to offer a bit of ambiguous jam on the next results? God knows. What an absolute dog this share turned out to be. Best bet is to try and trade on the run up to spud, whenever that will be - probably get duped by an opportunistic raise due to ‘unsolicited’ interest like before.

Why dont S&S just come out and say we are going to test WNA and drill WNB at the same time. They have kicked the can down the road for about a year now.. works will start in line with covid restrictions my arse... we are not children just tell us the truth.

Was hoping for 35p but 36.3 should do the trick. Chart looks bullish for a turnaround. GLA

Price recovering nicely after all the bedwetters sold for a loss this morning! GLA

OilmanJim

Hahahahahahahahahahahaha

1. Directors reinvesting 40% of their salaries into shares.

2. Company fully cashed up for the foreseeable.

3. Billingham / Greece news should be close now.

I don’t know about all u whingers but I banked some nice profit around 0.7/0.8 and will be filling my boots. This company is going places.

Biggest dog on AIM. I can’t fathom why ANY investor wouldn’t just cut their losses and dump this PoS. The rampers on Facebook / twitter must surely be paid by the company.

Cool well I’ll see you all at 35p. Ciao

Hey Smokey, I don’t work for anybody but I have an unbiased approach known as charting. Have you heard of support and resistance levels? Wait let me guess, are you one of the “wait for the design freeze rocket emoji” people off twitter? LOL

What’s the point of investing now? Shouldn’t investors wait for the final fundraise which was alluded to in the recent results instead of buying now and getting heavily diluted..? Any guidance appreciated!