Member Info for itsawrap

Wbafc when I have been in a similar position the question I ask myself is this.. Would I invest at this price with what I know? If the answer is no, I walk away - or at the very least reduce my holding. imo our only hope is a takeover at a small premium to cash, 45p-50p at best

Moccasin - Sep 1646, Oct 1630, Nov 1472 (49 bpd), Dec 1638 (53 bpd)

A-1 Sep 3394, Oct 3090, Nov 2968, Dec not yet posted

A-2 Sep 972, Oct 874, Nov 765, Dec 162 (big drop - downtime?)

If Rathlin can mobilise quickly, could be some good upside, the wildcard is a potential legal challenge (the other wildcard is a placing)

GP i bought 2m at .087 not long after that trade so I suspect it was a sell

Sachin Oza, Co-CEO of Reabold commented: " We look forward to providing further updates as the project progresses toward development and production, which would see it contribute meaningfully to the UK's domestic energy security."

How will WN "contribute meaningfully to the UK's domestic energy security." if the stated aim is a Bitcoin farm???

Heid, according to ok.gov there are no drill permits in place (yet) for Diana, Crossroads or Wolverine.

Re Diana, it was going to be drilled n Q3 2024, then Q4 but wasn't mention is the project update. Shareholders deserve to know why.

"The Crossroads well, following regulatory delays, is now scheduled to be drilled in Q1 2026."

(Taylor) "The Cromwell formation is scheduled to be treated with a nitrogen foam treatment to enhance production in Q1." - Bramhill claims that "oil has been sold to market" yet ok.gov shows no production to date

In England, reservoir stimulation is allowed because it involves much lower volumes of fluid (and chemicals) compared to high volume hydraulic fracturing. This makes it easier to manage and mitigate potential risks. The key factor here is the scale, hydraulic fracturing in shale gas reservoirs, which

has generated concern regarding the potential for induced seismicity, uses 1000s of m3, injected via multiple stages along horizontal wells. Whereas proppant squeeze operations typically use less than 200 m3, and in the case for West Newton only 60 m3 to 70 m3 not exceeding 85 m3 with a single injection stage. The 85 m3 includes the volume used for the diagnostic fracture injection test (DFIT).

Https://www.gov.uk/government/publications/hu11-5da-rathlin-energy-uk-limited-environmental-permit-issued-eprbb3001ftv006

Odins I think they have a reasonable chance of getting gas to flow but I'm not convinced that a Bitcoin farm is the way to go and I dont how they can prove that there will be a sufficient and sustained flow good enough to justify a server farm. However today is a major step forward, lets hope Rathlin can proceed before the swampies throw a spanner in the works

What's happened to all the Bitcoin rampers, has realism set in?

£30k buy 1m shares - 80 mins later up pops WN RNS....very odd considering we have been waiting months for WN news

Sep 1646, Oct 1630, Nov 1472 (49 bpd), Dec 1638 (53 bpd)

good news, Moccasin performing well

Yawn...as I have told you before proquo, I sold when after the CS deal was announced. I see myself as a realist, after years of being invested it's clear to me that these guys are snake-oil salesmen, Bitcoin is highly unlikely to happen, there are too many hurdles. Obviously many disagree with me. Why do I follow RBD and comment? see my answer of 23.01.26 to the same question asked by you

Heid apparently I'm a "deramper" because I have a very different view on the Bitcoin farm and have chosen not to stay invested in RBD. Anyone who thinks a Bitcoin farm is a quick or easy win is simply daft, however CS could be very good (for Beacon, not so much for RBD)

I find it bizarre that anyone is clinging on the Bitcoin server farm nonsense, the chances of it happening are incredibly small. wrt to Colle Santo, it seems likely they will have to wait up to a year for final permission but has a very good chance of being approved. Last but not least Rohan - I bet he dumps his shares before the herd does...all imo of course

Latest EA decisions published but Rathlin/WN not included

hTTps://www.gov.uk/government/publications/environmental-permit-applications-list-of-decisions

This is the proposed bitcoin partner - https://www.360energyco.com/resources

Wrt WN, I'm a gas to Bitcoin sceptic but this 2022 article is interesting https://www.cnbc.com/2022/02/12/23-year-old-texans-made-4-million-mining-bitcoin-off-flared-natural-gas.html?utm_source=chatgpt.com

Rathlin has been very clear, a proppant squeeze will be used to get the gas flowing. Currently perfectly legal but the swampies are trying to get the technique banned https://www.rathlin-energy.co.uk/latest-update/

As I understand it, CS has all the required permissions except for a 'ministerial decree' that will define all the terms & conditions that allow the production of gas, eg operational terms, length of production etc. I wouldn't be surprised if this takes 6-12 months