Member Info for PDMSPiper

RNS out confirming their current cash position of £6Mill. Also confirms their intention to press ahead with the work program. Hopefully they have clauses in the contract with Rathlin ensuring that they follow through with completion of the work program after receiving the £16Million.
Baffling as to where all the ramp crew have gone. They have been urging everybody to buy while others are fearful for weeks higher up and how much of a bargain it was. Now it really is a bargain they are all hiding under their duvets. Come on you ramping Jessie’s. Where are you? Bargains to be had. The fundamentals haven’t changed. You’ve been saying for months everything is happening “imminently”. Where are you mopping up this bargain “down here” now. Wakey wakey you Johnny big time pro traders, now is the time to buy.

A “Chink” of light st the end of a dark tunnel.....

Worst could be over... China returning to work.. POO should be on the up soon.
ATB
"Officials in China have declared that the peak of the country's outbreak is officially over.
Mi Feng, a spokesman for China's National Health Commission, said "the increase of new cases is falling".
There were just 15 new cases logged across the whole of China on Thursday, and Hubei province - the epicentre of the virus - logged just eight new infections. This is the first time the province has recorded a daily tally of fewer than 10 new cases.
Over the last seven days, the progress of coronavirus in the country has slowed markedly. China has been enforcing strict measures on traffic and the movement of people in an attempt to stem the spread, including effectively putting Wuhan on lockdown.
As the virus has slowed, authorities have cautiously started easing restrictions and businesses have been reopening. Earlier on Thursday, Hubei officials announced that travel restrictions would be further loosened."
https://www.bbc.co.uk/news/live/world-us-canada-51847128?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=5e69f7958d956f0669ae4376%26China%20declares%20virus%20peak%20over%262020-03-12T09%3A14%3A33.468Z&ns_fee=0&pinned_post_locator=urn:asset:2f82125d-c7cf-4855-a863-43d2767b1142&pinned_post_asset_id=5e69f7958d956f0669ae4376&pinned_post_type=share

Nobody foresaw any of what you list, that’s true. But some of us have been saying since last year, well before Christmas that there would be no flow testing at WNA2 anytime soon, if at all while the usual suspects have been continually predicting its “imminent” restart. Hasn’t happened has it. No. That’s what has caused the weakness in this stock and in RBD.

Investors have been asked to hold here purely based on faith for far too long. Faith is very fickle and it quickly crumbles and that’s what’s happening now I’m afraid. They needed to provide more evidence of commerciality across the assets and they haven’t done it. The bod both here and RBD have had their finger stuck up their ar$es since last year when they should have been working to provide more evidence.

The one thing Williams does well is raise money. That’s their background at M&G before they got involved with RBD, they brokered finance deals for oilers struggling to raise cash.
Eog and Egdon are both skint and need to raise cash to progress Wressle among other things.
They know it’s a hard ask in this market and they need expert guidance.
Up steps Stephen Williams to broker a raise.
There won’t be a Dream buyout here. They are raising money and in this market, be prepared for the raise to be at a hefty discount to wherever the sp ends up over the coming weeks.
Listen or not, I don’t care, but you’ve been told. GLA.

Oh ok then Gerry. Nothing to do with 6 months of total inactivity and lack of news. The drop from 0.3 last year is all to do with the last 2 weeks covid 19 and oil crisis. Let’s face it, the fall was already well under way and both RBD and ujo were in no fit state to face another crisis as they were already in a state of crisis due to sell offs, poor sentiment and a 6 month drought of meaningful operational news.

It’s the fault of all the partners in the sad, cloak and dagger debacle that is west Newton. It is the fault of RBD, Rathlin and UJO and yes dear, that includes uncle David.

“I feel so bad for DB. He has built a great company here. Hoping the partners hold off on releasing any possible news until the world returns to normal.”

Gerry, The company has done a great job of holding off on releasing any news across their entire portfolio so I think your wish will indeed be granted.

The fact that UJO raised cash at a 50% premium to where they are trading now means absolutely nothing. The sp is extremely weak, there is no support and nothing to encourage buying.
RBD raised much more money at more than 150% premium to where they are now, have more than double the stake in west Newton and are already producing from California making them self sufficient and cash generative.
All that said I think it’s far more likely that UJO has a lot further to go down from here.

More likely that EOG are looking to raise cash and have asked chief bu77**** artist Williams how the feck he pulled this stroke here and if he can do the same for them if they cut him in.

How cash do you think they have? Bearing in mind they have paid over £16M of the 24 raised directly to Rathlin and a chunk of the rest will have gone into funding ADX to test and progress Parta.

I think you’ll find that most of the “Team” of pumpers have now sold out and are in cash after spending months encouraging others to buy. Unfortunate for those left holding the baby but that’s what happens when common sense posts urging caution are removed and anybody who doesn’t join in with the pump n dump is banned. No doubt my post will be removed but in my opinion there is another 50% drop coming here but we all must make our own trading decisions and live with them. DYOR and GLA.

I would agree with you entirely 65. RBD is much lower in relation to its placing price and its trading down there for good reason. UJO has a long way to go down yet in my opinion.

And great income even down to the low oil prices forecast, that’s if it ever gets there. As summed up by a shareholder on ADVFN....

“Even if we price revenues at $25 a barrel UOG still make $15m Gross a year. Lifting costs are actually $6.5 per barrel and get cheaper with more production.The above calculated at $25 a barrel. Brent is currently $37 a barrel.Roughly a third of current production is tied into fixed price for including the hedge at $60 with BP (220barrels per day with BP and fixed price gas contracts too).The market cap is only £12m per year. That's ridiculous now.”

Lift cost is $6 per barrel.

In any case the 6600 per month at $60 under the BP contract is $396,000/month. More than sufficient even in the worst of circumstances.

It was even me who first highlighted that the presentation clearly says April but I’ll wipe your dumb a$$es for you this once...

To clear this up for the hard of thinking: the OP refers to the latest ASX update issued on the ASX on 9/3/20 at 4.11pm.
You can find it here:

https://www.asx.com.au/asx/share-price-research/company/ADX

Go to page 6. Parta asset is listed at the bottom in the red box. Bullet points of work program are on the right.
Top bullet point says “Production testing early April”.

I don’t know how some clowns even make it through each day.

It’s not RBDs presentation. Read the title of the thread. It’s the ADX presentation update on the Australian ASX. ADX aren’t involved in west Newton.
Look for it. I’m not here to wipe your a$$ for you.

Page 6 says April

Get out your Poundland calculator, multiply 6600 X $60 and that’s monthly gross revenue at the hedge.
Then multiply 1760 X 26 X 36 and that’s monthly gross revenue at the current poo.
Then add them together and compare it to what I3e are making and you’ll see that the conclusion is that I3e will very soon have to raise funds at s huge discount in this awful market just to keep the lights on but whatever, you crack on with it.
If you carry on trolling here I’ll come over to I3e every day and we’ll chat about when the next placing will be because it’s coming. Get out of it.

Hello Oiler. How’s that I3e piece of tatt that you’re stuck in? Are you still ramping it and trolling everything else lol
What a muppet.