Romania - Parta-Iecea24 Oct 2021 17:20
Hi Deemule, yes I can give you some information on RBS's Romanian Exploration venture.
On 21st June RBD issued an RNS regarding a 18 month extension by the Authorities due to Covid.
On June 30th ADX/ASX our joint partners holding 49.2% in Danube said they were looking for alternative funding on behalf of Danube following the 18 month extension. A previous investor had already left. That's 4 months ago now, I suspect there is no interest.
At a ADX presentation held on 21st July they ADX stated, they were focused on projects in Austria Romania and Italy. The introduction took up the first 6 pages with pages 7-23 only about the Austrian projects. A couple of paragraphs to the Sicilian field being prematurely abandoned with as little content about Parta.
Following In the latest 6 monthly ADX Directors report there was 10 pages devoted to Austrian projects but none about Romania.
* I think intelligent investors will now draw their own conclusions.