Member Info for persimmon

Misrepresenting the Cali drills...please alter to cash trickling in not flowing

Heid.....that is not in question, what is in question however is how much. Is it a five bedroomed 'detached house with swimming pool or a two bed bedroomed terrace with outside loo'.

oldabut wiser....exactly, who would buy a house before seeing it.

What are they going to use to buy it with...monopoly money??

Don't worry Manwell, I'm sure there will be some late trades on the horizon later that will buck you up. Th MM's will play this game until well test results are known. This is a well trodden path they usually take with Oil Discovery companies. Look at Borders and Southern, Rockhopper and 88e to name but a few.

Manwell, absolute rubbish, where are RBD going to get that kind of money from. There may well be another placing coming shortly for another project, but I feel sure you can totally discount that rumour. The pot has to be stirred occasionally for reasons we all know.

NVG...no I haven't had a stroke, but certainly believe that this will be a trader rich environment for a period up until ETD results. Then who knows?
I would however temper it with a comment or two that a new poster has put up though, and you know what I allude to. "More hurdles to jump through to come".

What we really need is a major II or two getting involved to make the price really take off. If this is going to happen I suspect it will be this week, as every 'man and his dog' will be in the know now, therefore any substantial rise will be this week and very likely long before EWT. Don't hesitate buy now!

2nd Filing to be published at Companies House within the next 2-3 days.

Smokie....I think a computer phrase applicable to use to describe Rubey would be backwards compatible.
A homonym of course.

deermule.......remember this post of yours from a few hours ago. I will leave others to make of it what they want.

"That means more to me than Malcy or the daily Mail buy recs and I am sure many other posters on this board. Thank you Persi"

NVG...This Winston Churchill quote reminds me of you and your 'investments'

“Success is the ability to go from one failure to another with no loss of enthusiasm.”

Fyoz.....No still aboard looking at 100% then re assess.

deermule...I just think when all is not as rosy in the garden as some make out, then I hope I help by encouraging prospective new investors to do dome in depth research before taking the plunge. I know by how some posters on here comment, that they have very little knowledge of Reabold Resources, and therefore mislead others with some outlandish projections of the future. It will not work against me as you say, for the simple reason I am amongst the very few who question some of the reasoning behind RBD's background movements. Let's face facts, most people like to hear only the good news. I only observe and report what I see, not what I want to see.

Fyoz........"special dividends".....PMSL what a dreamer you are!

Note the difference between RBD and Australian partner ADX regarding Parta drilling update in September 2020.
Specifically the omission of final paragraph by RBD....... oversight?...No doubt the Rampers will ignore it as an 'oversight'.

ADX release
Operations commenced for acidisation and testing following rig up on the 9th of
September.
The Pa IV gas reservoir interval was acidised utilising coiled tubing for pumping
acid to the bottom of the well and then the acid and brine in the well was circulated
to surface utilising nitrogen to enable lifting liquids from the well.
Gas flow was observed after approximately 12 hours, preceded by liquids consisting
of brine, acidisation fluids, minor amounts of reservoir fluid and a sludge likely
consisting of reservoir fines and chemical precipitation materials formed by the
acidisation process.
The well will be shut in and monitored to determine if the reservoir will clean up
further over time.
Well performance to date is below expectation given the excellent porosity observed
from logs, gas shows during drilling, cutting descriptions from IMIC-1 and flow rates
achieved from the same reservoir from a nearby historic well.

I would not put too much faith in either Californian or Parta projects. They are not meaningful production operations as regards to increasing shareholder returns. The returns pay the wages, coffee and keep the lights on, that is all.
West Newton is the 'real make or break deal' for Reabold. Anything other than an extremely attractive and well founded Commercial proposition that attracts potential producers will fail to keep aboard savvy share holders.
There are a number of obstacles firstly to overcome, before attaining in F! parlance 'pole' position, and my own view is that even given that all those hurdles are successfully overcome, it will be 2022 at the earliest before we will have 'meat on the bones'. Some think that an offer will be made once a well test is proven. My own view is that whilst that may happen, any offer would equate to a 'fire sale' in a distressed business.
Successful well test/s will obviously enhance the presently low share price, but will it rocket upwards and achieve stability? I believe not.
Some people are mentioning dividend payments; whether special or otherwise that's for the birds. Any money to be made with Reabold Resources is in trading the peaks and troughs of the price.
Now is a good position for those who bought in at sub placing of 0.9p in my opinion. Any sustained over and above increases obviously depend on some of the factors previously mentioned.

deermule.......Grizzly island is 'dead in the water' excuse the pun, it aint going to happen.

deermule......if my memory serves me correctly I think that the profit from the Cali wells reported last annual results was £596,000. about enough to pay the Dynamic duo's salaries.

"I do expect it to flow well, but we will need to know the pressure information to assess commerciality..."

And therein lies the holy grail !