Member Info for PDMSPiper

I remember the conversation because I warned you all that I3e was a badly run one trick pony and you all roundly attacked me for it. Sankeys not been heard from since. Obviously liquidated and finishef LoL.

Lack of patience?!!! Lol at that Genghis you clown. You were on here encouraging RBD shareholders to buy I3e last year right before it ranked and lost 80% of its value, you, Sankeys and Older, all on here subtly ramping I3e. I said to older “Nobody is buying I3e here”..... you came back “I am” lol. How that work out for ya big man ROFL.

Or pump n dump. Imo it’s shotgun dans followers buying into his pump n dump. It will be straight back down by Friday. This is the pump, now wait for the dump.

Why has there been such a shockingly incompetent level of data furnished to the market from the California assets?
Certain twitter commentators have uncovered production figures published by the California state authority which are reasonably impressive but these figures have not been transmitted to the market via RNS. All we get is “well performing ahead of expectations” ....”choked back pending upgrade of production facilities”....then months and months of radio silence. Same on all Cali, same on WN. These clowns are quite happy to provide fluffy meaningless updates then go to radio silence for months.
Why? Do they think they’re being smart in keeping everything commercially in confidence or something because I’m totally chaffed off with it.
Where are flow rates for VG6? Where are the numbers?
Given that the modus operandi of this bod is to provide a fluffy update then go to radio silence for months and months, why should we expect anything different from west Newton testing?
We won’t get any definitive data from wn testing that will move the sp. They don’t care about the sp. theyve demonstrated that over the last 2 years.
WNA2 test update, if it ever goes ahead, will be “well performing ahead of expectations. Now being choked back for production testing....blah blah blah”.....followed by a further six months of radio silence. That’s their M.O. Simple as that.

I’m not going to join in with your rampy games of ignoring the obvious negatives here Simon. That’s for fools. Shareholders have been shafted here. The company share price performance has been diabolically mismanaged. This looks more and more like a vanity project for the directors and I’m seriously considering selling out at a loss. Nothing that the bod have done in the last 5 months inspires any confidence going forward and I am convinced that there are far better plays in the sector that will be better managed and out perform these two incompetent bumbling clowns over the next 12 months.

I want some solid figures and updates. I’m a very unhappy shareholder and I have every right to express my frustration on here. The newsflow and depth of data in the updates has been incompetent and totally lacking. This bod don’t care a hoot about the share price. That’s very clear.

RRE share price has gone up 36X over a time period not much longer. Sachin and Stephen have mismanaged this company with extended periods of radio silence and fluffy updates lacking detail, all of which has trashed the share price.

If the share price had gone up 4X since I bought in as the market cap has then there would be no complaints from me, but it hasn’t has it. When many of us bought in on promises of a new business model delivering value to shareholders, the Mcap was £10Million and the share price was around 0.7p. Here we are 2-1/2 years later and the Mcap is £40Million with billions more shares in issue but the share price is still 0.7p.
You lot think long term legacy shareholders should be satisfied and happy with that? Sorry but that’s not what I see as a good investment returning value to shareholders, not at all.

Sick and tired of Jam tomorrow corporate bull sheet. RNS updates are what were promised and what is required.

Oh look we’re “entering a news rich period”. Where I have I heard that before? Last August/September as I recall, since then, nothing.

Well they had to issue a revised one because none of the projected target dates for the work program in the project Wallace placing presentation have been met have they. They said Q2 for drilling WNB. That’s not gonna happen with 3 months of groundworks needed first. Parta should have been tested, hasn’t. WNA2 should have been tested, hasn’t. They’re taking the pesh. Why don’t the boy wonders explain to shareholders what happened to the dates in the first one before trying to mug us off with more fkn bull sheet.

I won’t be buying any more Ujo or RBD until we see the wagons rolling into WNA2 to restart to testing. After being hoodwinked last August about a short suspension of testing and a “news rich period”, we have endured an unacceptable 5 month+ period of radio silence on our biggest marquee asset. I don’t believe a word they say now about starting soon or waiting for permits or whatever. I’ll keep my powder dry and wait for the trucks to roll in. There’ll be plenty of time to load up. Sentiment is shot. The market no longer believes in west Newton. There won’t be a rush of buying and a big spike if WNA2 restarts. There’ll be plenty of time to buy in.

If BMD is pumping it then it will be because he is selling or one of his associates is selling. StraightTalker said only last week that he estimates that 2/3 of the placing churn is done, so another 1/3 to go. SP drops below placing price and up pops Shotgun Dan with bull sheet to pump it. Somebody is selling out. Out either selling or one of his buddies.

Rathlin’s update of 29th August said...

“Following the integration and evaluation of the core, petrophysical, seismic and test data, the Operator and partners intend to commission a revised CPR to re-assess volumetrics and revise NPV10 values based on the information acquired from the West Newton A-2 well”

Here we are getting on for 6 months later and where’s the CPR then? It doesn’t take six months, where is it?
My point is: When Rathlin say on their website that they are going to do something I’m not entirely convinced that it’s going to happen any time soon. As I said, they are a private company and as such the information they publish is not regulated by a Nomad or controlled by the rules of the London Stock Exchange Regulatory News System. It’s a case of buyer beware I’m afraid. They can say what they like on their website. DYOR.

You’ve all been so adamant since last year that the recommencement of the EWT at WNA2 was “imminent”. Here we are a few months later and there’s still no sign of anything happening.
The latest prediction was on 21st January when Starighttalker said it would recommence within the next 10 days. That’s come and gone.
What are we saying now? Next week? Next month, March? April?
What qualifies as “very soon” and “imminent” now?
I think the partners have had us over here. We’ve been played long. They never had any intention of testing WNA2 until after WNB wells are drilled, then they’ll test them all together.
I suppose they had to say something to keep everybody in for a year. Maybe our mate Chris oil was tipped the nod. Looks like it.

“Puke in” ffs. *Pile in that was. Bloody iPhone autocorrect.

Thanks for all the extra info. Looks like a very attractive risk/reward play especially seeing as the imminent drills are all lower risk appraisal with no exploration planned until 2021, by which time the company should be in a totally different position. There is an obvious value disconnect between the current Mcap and the production plus cash position numbers. Shouldn’t take the market too long to catch on and hopefully more buyers will puke in and the sp will be back up above your averages in no time.
The odd 20%+ rise when the deal is announced as finalized maybe and the churn is over should catch the eye of those that have missed it. Meanwhile I’ll keep topping up and see where it goes. I started buying at 3.735 and I’ve been topping up as it’s dipped, so entry so not so hot! Lol. It hasn’t dropped much for the last few days so flippers could be almost out. Hopefully the tide will turn soon. GLA.

I feel your pain LS. The same thing happened to me in RBD with a heavily discounted £24Mill placing at 0.9. Were now sat at 0.72, 25% below placing price with a cornerstone asset that appears to have been mothballed and fk all has happened on for 5 months and counting. You seem to have faired better in comparison. We’ll see how it goes here. I need to research the upcoming drills further. Good luck and thanks for the reply.

They’re not buys. It’s an ii selling out but I think it’s miton and down to corporate restructuring. Hopefully that’s what it is. MMs obviously in on it so if they start taking us back up on Monday on low volume then that’s what’s caused it.

I think it’s Miton. They had 9% and they were undergoing some corporate restructuring where they had to sell out of all aim small cap stocks. I think this has been being worked for a few months and is why we’re 30% under the placing price. There was a Miton TR1 a good while ago where their holding was transferred from one Miton group fund to another one.