Member Info for persimmon

Egdon confirmed in September that it no longer planned to use acidisation to improve oil flows (see DrillOrDrop report).
It still plans to use a proppant squeeze, where a slurry of gelled liquid and proppants is injected under press to ofractures in the surrounding rock formation.
The Environment Agency (EA) described the proposed operation at Wressle as “a small-scale hydraulic fracturing activity”. The process at Wressle, expected to inject 150m3 of slurry at 9,000psi, will need a hydraulic fracture plan, to be approved by the EA and the Oil & Gas Authority.
If the proppant squeeze is not successful, Egdon has said it will drill a sidetrack well.
Estimated gross oil production from Wressle is 500 barrels a day.
Union Jack announced today that executive director Joseph O’Farrell had bought 19.3m shares at 0.025p each and David Bramhill, executive chairman, has bought 19.4m shares at 0.129p each.

Drill or Drop yesterday extract from above

rsproson......I hope you're right. But if any form of fracking is required then I cannot see a prospective buyer taking that chance of parting with cash until it is passed by Planning officers.

selfish....the wife has had a good laugh at that; just said "if only he knew".

Yes it's a 'no brainer' to buy RBD over UJO.

"This week’s news on Third Energy’s future plans is interesting timing. Planners at Ryedale District Council said the authority was “strongly opposed” to fracking. They also suggested that Third Energy was seeking to extend the life of the conventional sites to provide infrastructure that would support hydraulic fracturing in future. “This is not acceptable”, the planners said".

The above is an extract regarding proposed wells approximately 30 miles away from West Newton in Ryedale. About 8 or 9 originally in the Knapton and Pickering area, one at Kirby Misperton stopped a year or so ago due to fracking considerations. Originally passed by the local council and then stopped.
The company recently sold, is now moving to generation through geo heat extraction and biomass.

Many many hoops to jump through regarding any types of fracking whether it be under Ryedale and Northallerton HQ or East Riding under Beverley H.Q. Just my opinion however and stand to be corrected.

reproson......things have moved on a lot since Acidization was approved for use years ago regarding UKOG. I hope very much that you are correct that it would be allowed, but I would be astounded if it were given the green debates going on. Don't forget that Boris's girlfriend is a 'tree hugger' and she will never allow it (tongue in cheek of course).
Rubey, am I not allowed to have a difference of opinion, and what makes you think I am telling porkies as you put it. This suggests that you must already know the outcome of any future planning applications to use acidization should the need arise. I better ring Beverley Council up and tell them not to waste time having any more planning meetings with Rathlin Energy, as Rubey has already decided in their favour.

I agree to the two previous comments with the caveat being, the product/s will have to flow without any form of stimulation. That means fracking including Acidization will not be allowed in todays climate.
Do not see this as a deramp just a fact of life.

Morning Chris and all. Yes I'll take a low profile for a while, don't want one or two posters to take out a contract on me. You'll know who I refer to of course. Tin hat on now awaiting the incoming flak lol.

If you read my post I was looking forward in time. Hopefully Covid-19 will not be around for nest years AGM. You obviously trust the directors not to screen every question, how nieve of you. Perhaps that's why you are in the situation you are...underwater and grasping at straws. Good evening to you, and try to have some civility in future

I have been to a dozen or more AGM's but not an RBD one seeing you ask. However I would like to attend if I wanted too. I don't see the need to spend good money on replacing dozens of pages of Articles of Association to make a few alterations for what may well be a 'one off' situation.
A simple statement would suffice and then an open forum, not questions chosen in advance to suit the directors. They should be held to account for their actions if that is what share-holders deem necessary.

Chris, you are probably correct, but I would not want to see it introduced on a regular basis without just cause.

"As such, subject to obtaining shareholder approval, the Company proposes to adopt the New
Articles in place of its Existing Articles reflecting the possibility of holding a general meeting
(including an annual general meeting) on an electronic platform and therefore allowing
shareholders to attend and vote on proposed resolutions remotely, and also grant the Board
the power to determine whether a general meeting (including an annual general meeting) will
be a physical, electronic or hybrid meeting."

The BOD of course will answer questions from 'some' share-holders no doubt.

I am quite sanguine about my investment in Reabold Resources.
I also believe that those who are so vociferously attacking me are far too exposed regarding their holdings.
Everyone knows who they are, I need not mention them individually. Unfortunately these are same ones who usually can least afford to stand a heavy financial hit.

NOVECKINGOOD mate, when in a hole............................

smokie........it's another howler of a faux pas by NOVECKINGOOD. I nearly split my sides when I read his response.
nil poi for him for interpretation lol.

Nice one Heid.
FYI I very rarely look on twitter, and I would not have a clue on how to block someone.
So if you think you know who I am, feel free to announce me to all here. Go on I dare you!

Semantics old boy semantics.
Nice try, but fell at the first hurdle once again lol.

"English uses both forms, Rumanian and Romanian, to denote the Romance-speaking population in the South-Eastern Europe north of the Danube, which was traditionally referred as Vlachs (or Wallachians). Both forms were adopted by the mid 19th century when the principalities of Wallachia and Moldova were unified to form a new state",

Jack, I do not blame the partners from delivering differing interpretations of the RNS' drilling of West Newton. It shows that they are their own people.
As for California and Rumania, forget them they are as someone way back said " they pay for the coffee and sandwiches".
For me it's West Newton or nothing.

snaffleman...I was making no comment on his morals, only his catch phrase.
jimmybob.....never heard of a 'sprat to catch a mackerel'?