Member Info for PDMSPiper

Piping up a new gas tie in on site is not like plumbing. It involves many engineering departments and liaison meetings. We must first have flow rates so that process engineers can size the lines and produce pfd’s which are then checked and approved and passed to the piping engineers. piping engineers then produce P&ID’s which must go through a Hazop process with all departments involved. They then work with piping designers to produce a layout design for piping and equipment with pipe support systems. There is checking, internal approval then submission for planning approval then back to the detail designers to finalize and produce production isometric drawings which in turn have to be checked and approved. The ISO’s go out for pipe spool fabrication and then installation using layout drawings. It’s a massive process with full traceability. The simplest designs take 6 months plus to finalize to production drawings. I do this for a living. Onshore and offshore, 25 years plus. Google PDMS Piping Designer and you’ll see what I do. Don’t hold your breath on the gas tie in. It will be later this year. GLA.

Hat tip to @Lee_Trades on Twitter... West Newton they bought in 2018 so accounted for, as per business model they dont take on additional costs like farm in partners would. 2019 - £750k Colter % increase, Danube/Parta increase £375k, 2 x Monroe Swell drills + 2019 production cash. Sitting on around £5million cash.

True Bob. As seen in the end of year accounts RBD finished 2018 with £7Million in the bank. With the Colter sidetrack and Monroe development we will currently have a cash position of circa £5Million. We are opening 6% blue today so have pre bell but orders on the books.

However I suspect you won’t email Camarco. I suspect you’re talking your book and the whining will continue until you’ve reinvested what you’ve sold. So predictable, boring and idiotic that small time traders think they can remotely control the market by talking their book whichever way they happen to be wanting things to turn. Naive, transparent and uninformed but I suspect the whining will continue.

Email Camarco. Post the reply. Stop boring the board with your whining.

Email Camarco then and post the reply. I’m bored to death of reading whining from old ladies about inconsequential nodding donkey production. I look forward to hearing your reply from Camarco as if you are genuinely as concerned as you purport to be you’ll be emailing them ASAP. Get on it there’s a good chap.

AJ Bennett: Personally the only part of California I’m interested in is Grizzly Island. I bought in for big appraisal plays to be tested, confirmed and sold on. That’s Colter, West Newton, Parta and Grizzly Island. I don’t care about a few barrels production from nodding donkeys in Monroe Swell. It’s well known within the industry to be tight oil. Most of us didn’t buy into a production company. Anybody interested in squeezing a few barrels out of a tight play should go and buy UKOG. That’s not what I’m here for. I couldn’t give a fig about Cali until Grizzly Island appears on the radar which shouldn’t be far away, later this year. GLA.....please stop whining about MS nodding donkeys. Thanks.

True Bob. RBD is a conviction play and to gain that conviction needs research. Research gives comfort. We bought the story after reading it. Story only just beginning. GLA.

True Simon. Those taking profit will be buying back in with an average of 1.2ish here now. That suits me. Ready for the next leg up. Happy with my 0.75 average. There will be a time for taking a bit of profit but I see that as in the 5’s probably after Parta and WN confirmed commercialization and confirmed oil.

Of stock in a live transaction on HL at over the advertised bid. No buyers? LOL. I don’t think so. Give them your stock if your daft enough but you’re being mugged. GLA.

Looks like a concerted effort to crash the SP and scare out weak holders. It will be the ii who’s been buying and now dumping hoping to crash it. They usually send in negative trolls to assist with this strategy. As far as I’m concerned success is in the bag here and the biggest risk is now missing out on a big rerate after patiently holding for 2-1/2 years. That’s not happening. They ain’t having mine. GLA.

True Jarro. Some Clowns have never even heard of a premium placing. The exchange of wealth from patient smart money to impatient dumb money playing out before our very eyes. Watch for an RNS staying that £6Mill has been raised at 0.3 and entirely taken by institutional investors. Small time traders always think they are cleverer than the market. LOL.

I’m not in here, I’m in RBD but I sincerely believe that on the back of the West Newton discovery any placing in either UJO or RBD will be at a significant premium to this share price. Institutional investors want in but obviously know that buying big chunks will push up the SP anyway. They will be offered £3Mill of stock or £5Mill of stock at say 0.28 or 0.3 in UJO case and they will take it because the companies will show them the logs and because they are smarter than you lot. That’s why they are called “smart money” and you lot are called “dumb money”. LOL

Fantastic. That £3Million paid for 37.1% of Rathlin, leading to 24% ownership of the biggest UK onshore hydrocarbons find for 50 years. And West Newton could be twice as big as they thought and it looks like there’s a 65M column of oil there too. Confirmation that WN will be sold after proving it up is massive news. That would rerate the RBD x5 or x10 overnight. This is as sure a thing as it gets in my book. Only thing required now is a bit of patience. GLA.

And there are liquid hydrocarbons, a 65M column of them! Personally, currently, if they issued an RNS tomorrow saying California had gone up in a ball of flame I doubt I’d give a feck. I’m here for West Newton. I’m here for Parta. California is an inconsequential sideshow. I won’t be making any investment decisions based on California. I didn’t buy in for California, I bought the strategy and the story, 2-1/2 years ago. West Newton could be worth Billions, my holding is £130k up and I’m happy. I’m also happy with progress on all the other assets. Good luck all holders, this is now totally derisked for LTH’s. The institutions want it. Indeed, I suspect Mick here may work for one currently looking to buy in lol. He isn’t a shareholder. I see his arrival as a very bullish indicator. They want your stock badly.

MMs still bidding over the advertised bid for big chunks of stock, £20-£30k plus at approaching the mid price. Somebody is buying this.

Indeed. MMs not getting enough sellers on to fill orders so they take it down to encourage weak holders to sell and make a market. It will go back up this afternoon with a load of late reported buy trades gone through. Same old story.

Yes, lots of big buying here and the good thing is that this new smart money won’t be thinking about derisking for a while. Once PI’s have finished taking their profit between here and 1.5 then I think a lot of selling will dry up and the rate of increase will accelerate over the 2p mark. By the time Parta spuds in early August I see RBD up over 2.4p.

I’m over £140k up now and expected a stall at 1.3/1.4 as that’s getting on for double a lot of PI averages. I’ve been in for 2-1/2 years since about Sep ‘16 before they took their first asset, Corallian. My average is about .75. Not selling any here as I can’t see anything safer to do with the money. If I were out I’d be buying in now anyway. I believe in following smart money. I see RBD building at 5-8% per day under buying. Due to the nature of the buyers and number of ii holders this will be a steady, sustainable rise, not a volatile one with deep retraces. Those selling some now trying to be clever, thinking they’ll buy back in will be disappointed. We’ll be up at 1.6 to buy by Friday close and a good RNS on the increased value of WN as rumored could easily see another 30% gap up here. I’m waiting for life changing numbers here. Go big and keep risk on, or go home. GLA.

They’ll take a lot at 1.36, that’s over the mid even. We’re going up today. Could finish at over 1.5 today. They’re not getting any of mine. Lots of big, smart sophisticated investor money coming in here now. Don’t get mugged off. It’s been a long hold. GLA.