Member Info for persimmon

Project Progetto "SMALL SCALE LNG PLANT Colle Santo Gas Field" - concessione per la coltivazione di idrocarburi liquidi e gassosi in terraferma denominata 'Colle Santo'

Procedure Environmental Impact Assessment (PNIEC-PNRR)

Section Republication/Filed documentation for public participation/Notices to the Public

Document dates

Date of publication 30/09/2024

Date of creation 30/09/2024

A translated question asked by the Italian Authorities was that they requested an Earth and Rock plan as part of a EIA. Has this been submitted yet?

With the share price very likely to drop again probably tomorrow, it will be an opportune moment for Simon64 (aka deemule) to 'fill his boots' and average down once again.

For those who believe that even if or when the above starts producing there will be some kind of return to shareholders in the near term then think again. This is what was stated..................

"Heads of Agreement provides for a potential prepayment for a portion of the first five years of deliveries to help fund the development".

Remember the £1M + per annum to pay the directors has first dibs.

Yes, they both have more faces than the church clock.

No no I won't have that. The bonus's are not all cash, and they have made a huge dividend payback to shareholders from Victory proceeds in the form of buying shares in the company and placing them into treasury for our future. The 4 directors have only paid themselves just over a million pounds (plus expenses) in year 2023/24. Need an example of a 'lifestyle company'....then look no further!

LNEnergy......Hoping to achieve a fifth time of asking success!

It's not a great sign when a certain director of LNEnergy has been involved in four previous companies with let's be charitable and say poor track records. One has been a compulsory liquidation, two more have been voluntary liquidations and the latest is presently suspended in trading on the market.

Fingers crossed for a lot better outcome this time around.

Looks like Paul you will be having a visit from the 'thought police' if you carry on making accusations with any foundation.

It's a year ago now since the dynamic duo last gave a Presentation, the venue was in Edinboro. I wonder when the next one will be and the venue. Perhaps the Scilly Isles or Holy Island when the causeway is flooded?

Are they Conmen, Swindlers or both. Take your pick.

"Conman and swindler are both terms used to describe individuals who deceive others for personal gain. However, there is a subtle difference between the two. A conman typically uses charm, persuasion, and manipulation to trick their victims into believing they are trustworthy, while a swindler often relies on deceit, fraud, and dishonesty to achieve their goals. Both conmen and swindlers are skilled at exploiting the vulnerabilities of their targets, but a conman may be more adept at gaining the trust of their victims before ultimately betraying them"

Not sure our two joint CEO's 'jumped into the project' as you suggest. The contrary may well have occurred, whereby a great deal of planning about how to extract the best financial outcome for the directors took place. The truth is that the directors requirements are always ahead of the shareholders wishes. Directors, especially those of oil and gas development businesses first priority is to ensure the longevity of their companies. This provides them with the means to have the lifestyle they seek. The watchword writ large is DELAY.

Only 5 more weeks before the bum orifices's 2 month extension is up. The longer it gets nearer to the end on March without a RNS the worse the news for we shareholders it will be.

Looks like 2 major shareholders are selling. Premier and Barclay's.

Afraid to say Liebour Party doesn't have any MP's who will do other than tow the Party line. They all kneel at the alter of Greta Thunberg. Speaking of which what a breath of fresh air the Vice President of America's speech was in Germany yesterday. Of course the vast majority present didn't like what he said; too close to the truth for them.

Published by RBD on 3rd September 2023.......

Reabold Resources PLC - Reabold Resources says Colle Santo gas project is now in 'operational phase'

Reabold Resources PLC (AIM:RBD) told investors that its Colle Santo gas project in Italy has entered an operational phase, aiming to deliver "early production".

It is presently focused on advancing the project through the regulatory and national approval process in Italy.

Early production is envisaged over a 24-month period, with produced gas used for conversion to power for sale into the electricity grid.

The company said it is expecting a formal decree from the Abruzzo region’s authorities to be granted "over the coming months".

Rocky Horror show.....'Let's do the time warp again'

The 'cash pot' will drop by many hundreds of thousands of pounds more in a few weeks time, when the new tax year starts. I would expect the felons at the bridge of this sinking ship to be ingratiating themselves along with their bank balances post haste April 5th.

Yes Simon, we all know that our ridiculous charge to zero emissions is just to provide succour to the idiots who think what we do will encourage other countries to follow our 'lead'. Nothing could be further from the truth, look at China India many others and now the USA (God bless Trump). And then, we import LNG from Middle Eastern countries who we not only disagree with their Human Rights infringements but let them increase more more green house gases via transportation costs. What rank hypocrisy by the Government. The problem is most of those who put Starmer and his henchmen in power do not see how and why they are paying so much for their energy.

Uggy, costs have escalated recently and put the project in doubt, so much so that we need Colle Santo to produce by 2026, and just can't see that happening. With the Labour party in power the odds of a successful outcome are stacked against us. As Winston once said 'we have just got to bugger on'.

The question/s remain about the future of West Newton and where will the funding come from to actual finance the drilling and decommissioning of West Newton (if permit is issued by the E A). Obviously millions of pounds more will need to be raised. Rathlin hasn't got the capital and neither has Reabold Resources. Looks like either Rebold are 'winging it' hoping that if will finance Rathlin via Reabold shareholders. If so no dividends for we shareholders. Or is the questions asked by the E A not being answered deliberately to provide the directors with years more of dragging its feet and years more remunerations to the crooks at the helm of Reabold?

1. I strongly object to any permit variation being approved without the well liner being replaced. It has been open to the elements and subject to degradation for 13 years.

2. I strongly object to use of MO-1V BREAKER HM00 3246 and any other chemicals which cause unacceptable risks to surface water, air, ground water and health. Rathin have not produced any data on environmental impact of this chemical

3. I strongly object to hydraulic fracturing, oil extraction or proppant squeeze. The documents claim risk of seismic activity minimal but say they can’t rule out hidden faults. This is relevant because they intend to retain 50-70% of the proppant carrier fluid in underground waste facility

4. I object to the area becoming an underground waste facility because if there is risk earthquake and leaking of chemicals it could contaminate a nearby aquifer providing drinking water to residents of East and North Yorkshire

5. I object to hydraulic fracturing; there is no hydraulic fracturing plan provided with this application and risks cannot be assessed without it

6. I object to storage and mixing of chemicals on site as there are substantial risks to air and to surface water

7. I object that there is insufficient information on risks to environment and human health

8. There are discrepancies around the size of the well pad - are they planning to expand it

9. There is a lack of clear, concise information, making it difficult for a layperson to understand

Accessibility

One of the later letters to the Environment Agency objecting to the revised Rathlin plan submitted.