Member Info for persimmon

I think that for the dynamic duo the question is this. Which is it to be first C.S or W.N, as I don't see any way that the financial costs of developing both at the same time can be borne by RBD alone. Forget Danube Petroleum and Parta, that is a dead duck Uggy in my opinion. Our partners ADX have given up on it.

It seems from my research that to develop West Newton will take up all the proceeds that RBD has received from Shell if no other partners can be found. And of course by every passing month the costs will increase. Therefore I expect that the development will be in stages over a long period of time hoping other 'asset'; will bear fruit

Rathlin of course needs all this money and RBD are the major share holders.

Grey Panther...I have about as much chance of appraising Max Planck's theory of Quantum Physics as Rathlin has of successfully explaining the West Newton topography.

P.S, I believe I may have been on (the) piste when I mentioned the Ice Wine project, so my mind was inevitably some distance away.

The word 'imminent; from David Bramhill should be put in the same box as 'transformational' from the two CEO's at Reabold Resources.

Having said that I am expecting an RNS sometime in the fairly near future regarding West Newton but not imminent.. Whatever, the stages of development will take many years (like Rockhopper in the South Atlantic or 88e with their 'Icewine' project in Greenland). If the outcome was going to be good, investors would have been all over it by now. As it is there has been no interest. That should tell everyone here how prospective partners see the 'success'.......obviously thumbs down!

danube petroleum (romania)

• £5m invested to date for 50.8% ownership

• danube holds a 100% interest in the parta appraisal

area and 50% in the wider parta licence

• im-1 well in parta appraisal area resulted in very

significant gas discovery

• testing of im-1 expected in q1, im-2 drilling in q3

reabold california (usa)

• 50% ownership of three license areas in california

• currently producing 300bopd gross

• recently drilled vg-6 well about to be tested

• self funded appraisal and development campaign

rathlin energy (uk)

• £20m invested to date for ca 60% ownership

• rathlin has a ca 66.7% wi in pedl 183, which holds

the west newton oil discovery

• west newton appraisal indicates potentially one of the

largest uk conventional onshore oil discoveries

• reabold may increase ownership of rathlin to up to

74.99% and west newton to up to 50% through

potential equity swap

4 years ago this bull **** was released. how much further are we on?

Even the habitual buy back late in the afternoon cannot stem the downward trend of the s p.

On December 13th Reabold Resources share price was 0.1175.

Today February 8th the share price is 0.085.

A reduction of 27% in a matter of 7 weeks.

Not bad going at value destruction even for these two incompetents.

Late pm buy again, no doubt into treasury by RBD propping up the price.

Uggy, please don't hold back and tell us how you really feel.

No Heid my grand parents did.

Is UnionJackOil2024 really TAC then now?

Yes even Simon64 aka deemule's averaging down seems unable to stop the rot. Perhaps as he has not been seen since Feb 1st he has morphed into another avatar newcomer?

More shares into treasury. Since the last notification of shares purchased on 10th January in the value of £77,333.

The latest up to 5th February shows the total amount paid between those dates was £165,566. The company is seemingly now spending monies it has received from the last Shell payment. It also appears, that looking at the timing of many of those 'buy trades' have been occurring later in the afternoon following numerous earlier sells. this no doubt to prop up the share price, artificially some may say.

Uggy, knowing how the duplicitous duo operate, expect it (RNS) to be released on the morning of the next presentation. That will allow investors no time to then present pre screened questions to them; they will be the only ones allowed in my opinion.

Or am I being too harsh on them?

The answer is yes, and like Pyramiden it will be left a ruined reminder of its former self.

***NEWS ALERT***

Simon64 has just received a reply from his SIPP provider. He can now retire at the age of 98 on £3.86 per month.

The question to be posed to large holders of this stock is, 'do you want to sell and have your pants pulled down now, or wait until the price drops to 0.05p per share?'

The headline might just have well read 'how to throw good money after bad'.

It is the end of an era for Big Oil in California, as the most populous U.S. state divorces itself from fossil fuels in its fight against climate change.

California’s oil output a century ago amounted to it being the fourth-largest crude producer in the U.S., and spawned hundreds of oil drillers, including some of the largest still in existence. Oil led to its car culture of iconic highways, drive-in theatres, banks and restaurants that endures today.

On Friday, however, the marriage will officially end. The two largest U.S. oil producers, Exxon Mobil and Chevron, will formally disclose a combined $5 billion write down of California assets when they report fourth-quarter results.

“They are definitely getting a divorce,” said Jamie Court, president of advocacy group Consumer Watchdog, which said the companies long ago stopped investing in California production, and now want to hive off their old wells there. “They’ve been separated for more than a decade, now they are just signing the papers.”

Exxon Mobil last year exited onshore production in the State, ending a 25-year-long partnership with Shell PLC , when they sold their joint-venture properties.

Costly write down of the No.1 U.S. oil producer’s asset will cost about $2.5 billion and officially end five decades of oil production off the coast of Southern California.

Chevron will also take charges of about $2.5 billion tied to its California assets. It is staying but bitterly contesting State regulations on its oil producing and refining operations in the State, where it was born 145 years ago as Pacific Coast Oil Co.

California’s energy policies are “making it a difficult place to invest,” even for renewable fuels, a Chevron executive said this month. The company pumps oil from fields developed 100 years ago but has cut spending in the state by “hundreds of millions of dollars since 2022,” the executive said.

In the 70s and 80s, the State set curbs on drilling near homes and businesses and regulations on air pollution - rules that have been copied widely across the U.S. In 1996, California introduced reformulated gasoline to fight smog, developing the country’s most stringent and costly environmental standards.

That mixed legacy overshadowed oil’s economic contributions. California’s high-tech industry long ago replaced oil as a major employer and its Governor, Gavin Newsom, has called for the State to ban sales of new gasoline-powered vehicles.

LONDON (Reuters) - Shell has given the financial go-ahead for the development of the Victory gas field in the British North Sea, the latest development aimed at boosting the energy giant's production in the ageing basin.

Britain's regulator the North Sea Transitional Authority said it had granted the project to go ahead.

Since the above was published over a week ago and that by now the final tanche owing by Shell must have been received by Reabold Resources. Will we see within the next few days an RNS regarding the funding of our subsidiary Rathlin (in essence that what it is as we are majority shareholder) from these Shell payments? It would appear at present nobody else is willing to fund, and even UJO as not as yet come forward. Or perhaps it may agree to a token amount, we will see. Whatever, any delay must be seen for what it is, a tactic by our joint CEO's to keep West Newton on ice for as long as possible. Why one may well ask. My answer would be they are not fully committed as they know failure to commercialise West Newton would finally sink RBD after all the investment they have put into it on our behalf.

'The bell tolls the end of parting day'