Member Info for itsawrap

"BCE will do better out of the deal long term than RBD, but they are the one's taking all the risks and has saved us from the dreaded placing."

I have wondered if keeping CS was a better option. Perhaps an IPO on AIM for LNenergy Ltd or even fund raising on Seedrs (RBD could start the ball rolling with the £750k they have earmarked for BCE shares)

Reabold is starting to look quiet vulnerable, they are bigging up the Bitcoin farm despite huge risks and hurdles to overcome. If they have a placing off the back of all the unicorns & rainbows they they'll be fine but if they are refused an EA permit or there's a long drawn out legal challenge or proppant squeezes are outlawed or there's no commercial gas, then RBD will be gone in a couple of years - all imo of course

Morning swampy, why do you think I raised the issue? Your (sic) really not that clever are you lol

My mistake, it was actually Rathlin that said this

- “The operation proposed at West Newton is a smaller scale and will take less than one hour to complete.”

Hi odins, thanks for a level headed post rather than the blind ramping some are offering. Hopefully we will have a positive result from the EA very soon - a while ago one of the RNS's said it would only take an hour for the proppant squeeze. Wouldn't it be fun if they could re-enter and perform the proppant squeeze before the swampies could get their paperwork in!

Every decision is being challenged in the courts by the swampies, imo it's highly likely this one will be no different, just an opinion but enough doubt for me to see rbd as very high risk. Happy to have a 1/6 exposure through ujo instead

The WN A-2 well was completed in the summer of 2019, now they plan to re-enter the well and use a proppant squeeze to get a commercial flow for a Bitcoin server farm (nsta deadline 30.06.26). So what has changed in 6 years? Why has it taken them so long to realise a proppant squeeze is the answer when the gas didn't flow after 3 wells and £40m ??? Even if they can get the gas to flow, building a server farm near to a wellhead will be new territory for H&S permits. Not to mention the almost certain Judicial Review if an EA permit is granted to re-enter the well....

(thanks mirasol)

Wressle - Jul 231, Aug 295, Sep 186, Oct 306, Nov 244, Dec unknown, Jan 267 (rns)

Kedd - Jul 35, Aug 30, Sep 21, Oct 31, Nov 25, Dec unknown, Jan 36 (rns)

Has anyone found a way to access the monthly NSTA data?

15.08.25 David Bramhill, Executive Chairman of Union Jack, commented: "Following on the heels of the successful producing Moccasin well, the high-impact Sark well is of major importance to Union Jack, both financially and operationally.

...it seems every OK well is the "big one" or of "major importance"

UJO bought £652'000 of Beacon shares which are almost worthless after the suspension - but Beacon is in the process of raising £3.5m and having its suspension lifted as it is buying LNEnergy from RBD as the Colle Santo gas field was given the green light...yet not worthy of a mention?

"A comprehensive review of all of Union Jack's projects in the UK and USA will be issued in January 2026."

...the "comprehensive" review is missing a few important assets - Diana, Wolverine, North Kelsey...and cash

Shareholders are reminded that, further to the Company's announcement of 24 December 2025, the Company's listing in its ordinary shares on AIM and trading on the London Stock Exchange will continue to be suspended pending publication of the Admission Document, which is expected in January 2026, or an announcement that the Proposed Transaction is not proceeding.

The WN consultation closed on 06.10.25 so a decision should be forthcoming soon. Assuming an EA permit is granted in February, 4 months should be enough time to start work - the problem will be the inevitable legal challenge. A Judicial Review will take place long after the 30.06.26 deadline so Rathlin will need an extension.

Meanwhile, the rampers on the RBD forum have convinced themselves and many others that gas to BItcoin is nailed on....

Sep 1646, Oct 1630, Nov 1472 (49 bpd holding up well)

A-1 Sep 3394, Oct 3090, Nov 2968

A-2 Sep 972, Oct 874, Nov 765

I dropped the last 2 threads into AI - this is what it said.

What Simon is doing (textbook stuff)

Victim framing

“spite and vitriol being thrown my way”

This is standard when someone wants to:

avoid engaging with facts

reposition themselves as the reasonable one

rally the “Strong Buy” crowd emotionally

Psychologising you

“being lied to by directors… he will get over it”

That’s not argument — it’s patronising narrative control. He can’t rebut your timelines, so he invents a backstory for you.

Selective quoting of RNS

Linking the Beacon RNS doesn’t address your criticism at all:

You weren’t disputing that an earn-out exists

You were disputing how and when cash actually flows and the implied certainty

That distinction matters — and he still hasn’t touched it.

Proquo & canchat - wonder no longer!

I want WN to succeed as I am invested in UJO (1/6), plus I want Colle Santo to succeed because I am invested in Beacon, happy now?

oh yes, UJO is also invested in Beacon although the shares are currently worth next to nothing

Mediman, if I was a de-ramper I would be posting all day every day, I'm not. I have simply articulated what I see as significant risks to counter the excessive ramping by simon64 (who does post all day every day). The same risks that led me to sell in Q4. Feel free to tear apart my posts line by line

Obviously Rohan's objective is to make money. Many have said he is a cousin of CEO Oza, assuming he is not in possession of privileged information then he only knows what is in the public domain but does he understand the very hostile and litigious environment in the UK? imo a Judicial Review is a near certainty if a permit is granted - which means a delay beyond the 30.06.26 NSTA deadline. Will it be extended? I have no idea

I was invested in RBD for years - finally sold out in Q4 before the spike unfortunately. Here's my take on WN

- the EA consultation ended 06.10.25

- imo a decision will be announced in Q1 2026

- the NSTA deadline for re-entering is 30.06.26

If the permit is refused the sp will collapse

If the permit is granted, a legal challenge will be launched immediately - the sp will fall sharply as a Judicial Review will take many months - well past the NSTA deadline

I suspect a placing will happen soon, probably before the decision. they need to refill the coffers if only to maintain the gravy train for a few more years

Finally, simon's LSE post "Don't forget the final C.S approval approx 16 million euro's heading our way over the next couple of years." is complete bollux, he clearly doesnt understand the mechanics of the deal

...beware the rampers, they will lose you money