Member Info for itsawrap

...judging by the flurry on comments posted in opposition to WN, I think there's a highly orchestrated attempt to stop it. see drillordrop for Ruth's analysis (comments close 24/01)

DB said Taylor Moccasin and Diana would be drilled in Q4 - the reality is Taylor was drilled but Moccasin was only granted a permit on 30.12.24 and Diana still doesn't have a permit. I'm not convinced that Reach would have been any quicker if Trump was in power a few months ago, in fact Reach only drilled 2 wells in q1-q3, how did they realistically expect to drill 3 wells in 3 months? Why did Bramhill believe them?

UJO very lively this morning - I guess nothing to do with Wressle as EOG sp stuck

Hopefully Taylor or Moccasin is a gusher...or perhaps Keddington?

Although a subsidiary, it's a Limited liability company - non trading so presumably zero assets. Is there any financial downside, I'm not sure there is, any thoughts?

The wressle consultation ended 30.12.24, no idea how long it will take for a decision but I doubt it matters because the anti oil nutters will no doubt launch legal action to stop it. Our only hope is that they will see that Wressle is an incredibly impressive site, well managed, safe, contributing £100k pa to the local community, plus the new application included a pipeline to eliminate regular flaring...what's not to like?

..someone has been brave!

Bramhill's ramping of Andrews was ridiculous and unprofessional - hinting that it would repay our investment "within 6 month" was simply dishonest and comparing other wells to the 1920's was laughable. However, Taylor and Moccasin are underway so we should have a good idea of overall success or failure in H1. As Heid said the other day, it makes sense to measure our success by the drills as a group - early indications are that it will take several years for our overall investment to break even.

My prediction is Bramhill may be gone before we hit break-even, he's an overpaid liability who will be up for re-election this year : )

A typical stripper well delivers 15 bpd - 20 bpd, what would you consider a good result for Moccasin???

Click 'view submitted responses' I have read a few, all negative but that's usual.

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

HU11 5DA, Rathlin Energy (UK) Limited, EPR/BB3001FT/V006: environmental permit consultation

consultation ends Friday - lots of new comments since i last looked

Uggy, the expectation of a decision by year-end was stated on the LNe SRL website, as far as I know RBD hasn't repeated this claim so the next news from RBD is likely to be around the option expiry date (presumably to include an update on the Gunvor deal) ...all imo

" it has converted £510,236.28 of the convertible loan notes, including accrued interest, into 36 ordinary shares of LNEnergy Limited ("LNEnergy") at a conversion price of £14,173.23 per share. "

...let's hope we get the permit otherwise all these top-ups are money down the drain. Clearly LNe couldn't repay the loan (as predicted), but the interest too? Is LNe running on empty? in which case expect a new investment in the next 2 weeks, especially if there's a large premium for a new option...another £500k perhaps?

Https://www.valeos.dk/

...the fact that Bramhill claimed Andrews was a "major success" shows that he knows as much about stripper wells as I do, yet he's the one who boasts "over 40 years as an oilman".

If we were to vote him off, he would be replaced by someone else from the Board (Zac or Craig?) or they would recruit externally

At the last AGM roughly 15 million votes were cast for each resolution...it wouldn't take many of us to send a very strong message or even vote him off

...from the Articles of Association

'At any annual general meeting of the Company, any Director who has not been appointed or re-appointed at either of the 2 previous annual general meetings of the Company shall retire'

...this means Bramhill will be up for re-election at the next AGM which is probably in May.

I will be voting against his re-election.

"...and there are, I am sure, going to be many knocking on the Union Jack door."

...because they see a CEO with relatively deep pockets who falls for their smooth talking every time...Egdon, Rathlin/RBD, Reach...who's next?

...that blog has more ramps than a care home.

If the author has followed his own advice over the last year or two, he's lost a shed load of money

A-1

Oct 173.55 barrels = 5.6 bpd

Nov 172.41 barrels = 5.7 bpd

A-2

Oct 323.71 barrels = 10.4 bpd

Nov - no data

Taylor - no data