Member Info for itsawrap

RBD presentation quoted LNenergy's Euro45 mwh for the Euro11m-12m pa calculation - currently sub Euro35 and has been sub E.45 for most of the time since end March.

Egdon have plenty of form when it comes to unrealistic time-lines and poor comms, more likely more of the same imo

Me recollection is $17 for capex & opex, $8-$9 for opex, of course $17 was pre C65's, jet pump etc but that's paid for separately, it's the opex that that has probably increased ($12 is just a guessimate)

We need an update from Egdon so we can move onwards and upwards, surely before Christmas?

Ralladw2 despite our differences, I would fill my boots at this price if I could, unfortunately my broker doesnt have BCE on their list of available stocks.

Whistler as you're being a pedant, I should point out it actually states "could" be achieved - could, may, up to , all standard RNS terminology

About 2 years ago DB said opex was about $8 or $9 a barrel, taking inflation and waste water into account, I suspect that is significantly higher, maybe $12 ?

My issue is that you accused me of making factually incorrect statements, yet you stated EXACTLY the same wording yesterday. wrt to overpromising & underdelivering, that remains to be seen

I wonder who wrote this yesterday "up to 250bopd " & "up to 900bopd" ???

Answer: it was Ra11adw2

2. Company stated they will produce up to 250bopd by second half of November expected, during which reservoir is expected to continue clean up stated in November RNS.

3. Beacon stated they will expect to produce up to 900bopd in Q1 2024 and make over $1.5 million per month assuming $80 bbl as stated in RNS.

Oh dear, I suggest you carefully re-read the recent RNSs, they are caveated with "may" "could" "up to", same as all oilers, but that's fine, you wear your rose-tinted-glasses. I really hope you are right and I'm wrong, we shall see

Calling someone a troll because they have a more cautious view than you is a little childish

To be fair to DB, he has bought Bacon for the yet to be announced/confirmed production, according to the zealots on the Bacon bb, there's nothing to worry about, it's going to flow as promised. If they are right then the sp has some serious upside but that's always the case with every promise by every small oiler!

I'm used to these small oilers over promising and under delivering, I hope Beacon will be different

It's the same old story, an oiler gives a time-frame which over-runs then clean-up goes on for 2 or 3 months with little information given to shareholders so they start getting nervous. Note the 250bpd and 900bpd are caveated with "up to"

I wouldn't place too much faith in UJOs stock picks - they did well on Egdon shares and a good return on a Royalty but the UKOG investment went down the toilet, meanwhile they have a book value of £94k for Elephant Oil shares which imo are worthless

Persi, for the LNe directors, all their Christmases have come at once! Reabold is a major cash-cow for them and if Colle Santo if a flop they still have 1.3billion shares to cash in...winner, winner chicken dinner

...and what will Reabold have to show for it if CS doesnt happen? another major failure and an overhang of 1.3billion shares

LNenergy has been issued 810,810,811 + 486,486,487 = 1'297'297'298 RBD shares

Following Admission, the total issued share capital of the Company will consist of 10,363,112,370 Ordinary Shares

so LNe now owns over 12.5% of RBD shares (although requisition letter claims some transferred to LNe directors)

As a shareholder, I believe we should be told if there are any restrictions on when LNe can sell these shares, if there aren't any restrictions, why not?

Why do you consider it a "royal mess" and an "Italian disaster"?

"...on behalf of the requisitioners and indeed all shareholders..."

really? I don't recall being consulted

Reabold Resources plc, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects, is pleased to announce that it has exercised the Second Option to subscribe for 116 new ordinary shares in LNEnergy Limited ("LNEnergy") through an aggregate further investment of £1,650,000. Reabold will fund £750,000 of this from its existing cash resources, while the remaining £900,000 will be satisfied through the issue of 486,486,487 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares") at a price of 0.185 pence per share to LNEnergy Limited (the "Consideration Shares"). This increases Reabold's shareholding in LNEnergy to 26.1% of its enlarged share capital.