Member Info for Odins

What is interesting is that £50k worth of buys equates to 4% uplift in SP.

Thank you for sharing.

We wish you the very best of luck with your crypto investments.

Or as they are also known: 'Naked king parades through town waving invisible wallet full of imaginary money'.

If there is a placing, DB will be getting his P45.

A raise would be pointless as we need about £20m for the drill finance. They would have to more than double the shares in issue and at what price?

At the moment and as far as we know, the funding is in the final stages of being negotiated with a known entity.

Whatever happens in terms of finance will have to happen in the next 6 months as the rig is pencilled in for Q2 of 2025.

Afternoon Simon,

Having quite a large investment here myself, where do you foresee the SP when CS news lands?

To answer your question: Due to the current government and crazy Ed's net zero insanity, there is no point in drilling anything or even attempting to get anything into production due to the punitive taxes involved.

All Rathlin are proposing is a propant squeeze to stimulate the well and ascertain whether it will flow at commercial rates after the well bore was clogged with the wrong kind of drilling mud.

Note the timeline suggests 2026 and 2027 to re-enter the wells, with a field development plan to be in place by the end of June 2027. There is no timeline advised for the propant squeeze. Just an application to do so.

RBD buying another £700k of Rathlin is about keeping Rathlin afloat for another year, considering they posted a loss of £850k. In effect kicking the can of WN further down the road.

The only positive I can see in this is that RBD now have C. 70% of WN and if / when push comes to shove, they will have the lion's share of any profit from the fire sale of WN. Probably to the government under the GB energy banner (nationalisation).

That's my take on it anyway.

Thank you kindly.

Where did you hear that?

Surely financing would need to be in place first.

Afternoon Croqman, long time no see. I hope you are well.

Check out the Electricity supply emergency code. Also check out the situations in which this can be used. I wouldn't put it past this government to bring this into play to curb civil unrest to be honest. The matrix on Page 35 is a real eye opener.

As for needing a government with the stones to actually do something about the net zero suicide note, come the next election vote Odin. You know it makes sense :)

Morning Ocelot,

I would say that the Potential for further development of SFB is entirely dependent on the additional wells obtaining planning permission.

Considering crazy Ed's net zero insanity that will see the UK plunged into darkness on a regular basis, this may take a couple of winters worth of freezing temperatures and freezing pensioners before the electorate wake up to this virtue signalling economic and political suicide note.

In short, we will need to go through quite a bit of pain before the electorate wake up (freezing) and give crazy Ed his marching orders.

At that point common sense will hopefully prevail and North sea and onshore production will be maxed out to meet demand. We will then be in a very good position to monetise on that demand.

Not necessarily. It depends on when the drill is planned for. The last we saw, this will be in early 2025.

This also depends on when the financing for the drill is in place. Last we heard on that front was it was being finalised.

This of course doesn't mean that a provisional booking with a small deposit hasn't already been made.

Hopefully that is what the presentation next week is to confirm.

Only a year later than S&S said for the approvals.

Still, good news no matter and hopefully the decision we need. Otherwise we will be sat an another 'non-core asset'.

From what I understand, Gunvor have committed to buying 20 million Euros of gas from the CS well.

A micro LNG plant also costs in the region of 20 million Euros.

Therefore not enough to fund both the option and the micro LNG plant.

10-15 years worth of gas and then the possibility of repurposing the depleted well as gas storage.

Not a deramp Silverlight, just getting peed off with the bombardment of ramping rubbish from whoever that idiot is all week long on a number of other boards.

That was just me trolling the heck out of him. My apologies if that sent any hackles up.

As I said, this looks like a nice share to be in with a decent sized asset and I wish all GENUINE holder the very best of luck with their investment here.

Yay! Singhie's back.

Hi Singhie! Hope all is well with you!

Hi Sharebel. Please would you keep you pet muppet SamB45 and his other aliases off of other people's BBs.

He is cross ramping this all over the place and to be honest, it makes this company look really desperate. It is really annoying other LTHs on other BBs too.

I am enjoying playing whack-a-mole with his posts and getting them removed as soon as they pop up on the other BBs where I have investments.

I wish everyone who is genuinely invested here the very best of luck and hope this pans out the way you want it to.

Thanks for that Itsawrap. Much appreciated.

Hi Itsawrap. What does it say? Anything interesting?

Google translate wont translate this for me.