Member Info for persimmon

Selfish, some people could be forgiven for believing you actually understand what you post, until they realise you are just copying and pasting. Best refrain from the BS laddie, otherwise your already accepted failure to credit yourself with oil and gas exploration knowledge will fall even further into disrepute (if that's possible).

G.P......the trouble with liars, as you have now found them out, is that they need an excellent memory.
Looking forward to the squirming that is coming down the line from them. Many problems coming to a head all at the same time. Expect a completely new 'asset' to be produced soon to throw sycophantic disciples like SelfishMcNimby and the 'side by side' gunslinger from Wales into a state of delirium.

The capital reduction is a given. Never known a refusal yet.

Government sources are expecting the present extremely high energy prices to fall back to those prior to the Ukrainian war or earlier if the war is over within the next 2 years.
Any gas from either Victory, or if West Newton is proved commercial (doubtful) and drilling accelerated there, neither 'assets' will be on stream before 2024/25. Today's gas prices are therefore irrelevant to prospective buyers, and will pitch offers with this in mind.

Deja Vu. Ever heard of Rockhopper and the 'Sea Lion' project in the Falklands?
It commenced in 2010 and is still going strong today albeit Harbor Energy look now like pulling out.
I anticipate that West Newton will be Reabold Resources 'Sea Lion'. I wonder how many will be sucked into the same long term play that has seen those directors rake in millions whilst returning a big fat zero to shareholders.
I will say however like Rockhopper, there will most likely be handy profits to be made with a quick in and out policy.
Long term play is for the amateur.

Selfish, a long time ago I remarked that you appeared to be 'slightly unhinged'.
Today I retract the adjective I used on that occasion.

Jb...even someone with such a distinguished career in an ability in sorting the 'wheat from the chaff' in Aim oilers does not know everything, and has never said as much. However I do know the likely hood of many similar candidates once seen in operation over a few years making money for their shareholders is rare. The market is littered with these companies, look at Daybreak Oil and Gas for an example. Never made a penny in over 50 years in business. You are who your friends are as the saying goes.

Thanks for clearing that up

Where through a NDA between the buyer of Victory and the receiving selling company that the actual agreement price never be published in the public domain?

Conversely, many more people are ditching holidays abroad with all the 'baggage' accompanying them, and staying in the U.K. Another Covid outbreak outside of these waters will only assist the UK hospitality driven economy in general.
Buy British you know it makes sense!

Uggy.....time to top up with the weekend approaching.

Reabold California.
Isn't that where RBD invested over £6,000,000?

There's no worse feeling than not getting a reply back from someone you really want to engage with.

Regarding RBD most likely being the main donor of future financing for West Newton, other companies under their parentage will also be needing additional financing. So my view is that at least £10M will be needed overall.
Dividend from Victory proceeds?......No chance!

Heid, please no invite to your buffet on Saturday.
I don't particularly like mini sausages and pickled onions on sticks. And the thought of cheese sarnies with lashings of Mayo and out of date Prawn ****tail crisps from Aldi turns me cold.
But enjoy, I know a salmonella visitation for your guests the following day will not all be blamed on your 'feast'.

Some people want to stick to promoting their type of politics. We may then well have a mutual interest.

Rathlin.....Where will the future funding come from some ask?
Rathlin's latest accounts Section 10 (I think) Capital Structure 1st two paragraphs should answer that question.

Now jimmy, wrong on all counts, but I understand why you feel that way. We will both soon know whether I am right or wrong in my predictions, which incidentally are formulated out of over 40 years of experience in stock market trading. How about you?

"Reabold's long term strategy is to re-invest capital made through its investments into larger projects in order to grow the Company. Reabold aims to gain exposure to assets with limited downside and high potential upside, capitalising on the value created between the entry stage and exit point of its projects. The Company invests in projects that have limited correlation to the oil price".

Lenin, if you had been associated with DGB like I have for years you will know that I more than doubled my first investment and sold at circa 1p. My latest punt at circa 0.4p I still hold.
If you are going to attack long term holders at least do your homework first!