Member Info for itsawrap

Https://consult.environment-agency.gov.uk/psc/hu11-5da-rathlin-energy-uk-ltd/

it's 6 months since the consultation closed yet still no decision, very odd

On 30 January 2025, Reabold increased its investment in Rathlin to 79.8%. Reabold is now able to pass special resolutions and appoint key management personnel at Rathlin and will account for its investment in Rathlin as a subsidiary from this date going forward. - Finals

That's a very interesting article. I find it odd that they are worried about gas extraction but conveniently ignore the fact that the dam contains a vast amount of water in a seismically active area. They say "there are 88 mass movements mapped in the area, many of which are still active" but dont say how many of those occurred since the dam was filled in the 1960s. They appear to be cherry picking data.

Hello heid, there are some very complex and opaque assets on the RBD balance sheet, so imo CS is the best and probably only hope for a near-term bounce. If/when it comes, I will cash in and wait to buy back in when the time is right - CS will take up to 18 months to start producing gas so there will be plenty of time to buy back in. I anticipate a bounce to 10p-20p with the sp settling around the 8p-10p level once profit taking is done.

with respect to WN, Reabold has the cash to fund it's share of the £1.2m plan to get gas flowing from an existing well (UJO £200k), I am puzzled as to why this wasn't considered 2 or 3 years ago.

btw the Reabold Finals state that they now consider Rathlin Ltd to be a subsidiary as they own 79%

I think we could be close to a decision but I have thought that for months - it does seem odd that so many challenges are coming in 18 months after the application

Https://va.mite.gov.it/it-IT/Oggetti/Documentazione/10561/15652?pagina=12

Opinion of the ABRUZZO REGION - DEPARTMENT OF TERRITORY - ENVIRONMENT ENVIRONMENTAL ASSESSMENT SERVICE, on 16/07/2025

...the big worry is that with his back to the wall WH may have to agree another RSA later this summer to keep the lights. imo an outright sale of part of our 30% to UJO would be more lucrative than other RSA

Finals - We have selected Burniston Mill as our location for an appraisal well at Cloughton and continue to engage with stakeholders to obtain the necessary permits and consents needed to drill the well in order to demonstrate the productivity of the field, which remains a key target for 2025.

https://drillordrop.com/2025/07/17/reform-council-unanimously-opposes-burniston-fracking-plan/

https://drillordrop.com/2025/07/07/burniston-gas-plan-qualifies-as-fracking-expert-legal-opinion/

https://drillordrop.com/2025/05/09/99-oppose-burniston-gas-plan/

The Reform council has voted against a proppant squeeze despite Reform party policy. WH seems to be juggling a lot of balls

Morning Serif, if Wressle were to average 200 bpd in 2026 and Brent $60, Europa would have to pay $197'100 from their net revenue, or if 250 bpd and Brent $60, that's $246k paid out - so it's easy to see breakeven within 2.5 years imo

"What's left? Wressle to pay for exhorbitant salaries."

Wressle produced 298 bpd in April, so assuming 300 bpd in May and Brent $64, that means the RSA payment was $26,800 paid from Europa's net revenue of approximately $145'000.

If production falls to 250 bpd later this year, the RSA could be circa $22k from net revenue of circa $117k

imo the Canadian counterparty will break even within 2.5 years

Cash and cash equivalents up 15% at £6.2 million as at 31 December 2024

If Colle Santo is permitted we will obviously have a nice bounce, anywhere from .10 to .20 within a couple of weeks imo, but I would struggle to put a real value on the deal a year or 18 months before production so the bounce could be fragile especially with many taking profits

This is what was stated in the 2023 Finals... note "will be" and here we are over a year later

"The other well, the Diana-1, designed to test a Wilzetta Fault play, will be drilled during Q3 2024."

Https://find-and-update.company-information.service.gov.uk/company/11545912/filing-history

Sp holding up surprisingly well last few weeks, I was expecting it to more or less track cash for the next few months and maybe finish the year about 30p - it's nice to be wrong

RNS 19.05.25 - Moccasin is currently being evaluated and is on test production, producing at a highly constrained rate of circa 80-100 barrels of oil per day, prior to determining the rate for maximum ultimate oil recovery.

- May data available on ok.gov in the next few days, if DB was telling the truth the number should be 2480 to 3100 bls (Apr 1981 bls)

RNS 04.03.25 - Union Jack and Reach are currently planning to test a further 3D seismic supported structure which appears very similar to the Moccasin feature. Details of this potentially high-impact well, planned to be drilled in Q2 2025

- Q2 has been and gone, I appreciate the caveat was "planning" but where's the courtesy of keeping shareholders informed?

the question is this - based on what we know what is fair value? i would say no more than 7.5p or maybe even just 7p

imo the fundamental mistake bramhill is making is taking a majority stake in reach wells, first it was diana (75%) which was supposed to be drilled in q3 2024 (pure bull****e) and now sark which is "planned" for q3 2025.

of course the uk example is keddington (55%) which had a side-track about to be drilled for almost 3 years. keddington is our only site with permission to drill yet the idiot in charge either wont or cant motivate egdon.

to the owners of 80% of the shares that didnt vote and the 13% who voted to keep the fat-cat in place i say this - we are all paying the price as the sp slips month after month.

Shareholders had an opportunity to vote off the fat-cats but chose not to for some unfathomable reason

- sp has further to fall imo (unfortunately)

- Bramhill is making bad decisions with our cash

Https://drillordrop.com/2025/07/10/national-park-unanimously-backs-oil-sites-cable-scheme/

Cash and cash equivalents up 15% at £6.2 million as at 31 December 2024, compared with £5.4 million as at 31 December 2023.