Member Info for persimmon

He was caught out lying once before when posting under his previous avatar deemule. He made a comment which he could only have known about if he had been reading comments from those who he alleged he had blocked, and before any other poster had time to reply to.

Simon64 aka deemule is certainly a person who is a stranger to the truth!.

He has finally decided averaging down is a mugs game.

Poll

He was 'born' on this site originally as deemule. Since then he has presumably by deed pole (lol) become Simon64.

I see the latest in a string of Presentations by our partner in Danube Petroleum ADX again omits any mention of the project. Since 2019 when ADX was the dominant partner it since has allowed the directors of Reabold to acquire the majority share-holding. What 'easy meat' Stephen and Sachin must have been to the vastly more experienced guys at ADX. I would have loved to have been present at the joint meetings, where S & S must have looked like thankful puppies being offered their first scraps of meat by their owner. On a more serious note will Danube be written off over the next few years, or will it become an embarrassment too far for that to take place?

For those like me who were eagerly waiting for the delayed results for the above year to be published they are now available. Released 24th January 2024.

The SEC site provides what is in effect a very disturbing outlook for the ongoing health of Daybreak Oil & Gas.

Those of a nervous disposition should hide under the table now!

The only saviour I can see is for Donald Trump to win the Presidential election In November.

What a load of bo$$ox

Uggy, it's apparent from the interest shown over the previous year whilst they have been hawking the W.N 'asset' around that no one thinks what the two CEO's are saying. There is a chance of Commercialisation of course, but the same would probably be another Victory with no dividend for investors. I can foresee a 100-1 rerate on the horizon.

You really have to be a paid up ramper to believe that RBD who are already 59% owners that buying more interest in Rathlin will persuade the present investors to believe it is a good move. Everyone can see the reason why they are going to have to do this. It is because nobody else is the slightest bit interested. If it was a stand out investment third party companies would be falling over themselves to join in. Even 'good ol' Dave Bramhill over at UJO seems disinterested, along with the present board of directors at Rathlin.

The MM's will move this up and down over the next couple of years is my bet.

OK Paul, which one is Douglas Bader?

Itsawrap......I totally agree, anyone waiting here for dividends is either deluded or dumb.

I think the bottom line regarding W.N is how many people on here are willing to wait 10, 15 or even 20 years to find out whether a return is going to arrive, (many of us may not even be around in that time). In the meantime Sachin and Stephen will surely drag their feet and delay whilst they pull in millions of pounds. Can anyone blame them?

OMO but based on many years of experience at how these outfits operate.

There may be a 'piece dividend'. A piece of chalk given to each investor, dug from the East Yorkshire field from where the first gas is due to be extracted in 2050.

Rathlin Energy Annual Accounts dated 31st December 2022

Future Commitments

Rathlin has a commitment with the North Sea Transitional Authority (NSTA) to drill and test a new Kirkham Abbey deviated or horizontal appraisal well by June 2024 as well as recompletion or sidetrack and testing of one of the WNA-1, WNA-2 or WNB-1Z wells in that same time frame. The company estimates that Rathlin's share of the cost of the commitments is approximately £9M.

A further field development plan has to be submitted by June 2025.

Rathlin is 59% owned by Reabold Resources.................Dividend anyone?

Venture not ventire

Probably minimal, although you cannot really say that their salaries have been involved only in one particular ventire. They would have taken the same salaries if Corallian (Victory) had never existed.

No

Moniman....Only my best guesstimate but net they may be left with circa approximately £2M after all expenditure on the project.

Moniman....No, I'll say that occasionally they will come up trumps, like Victory. It will be more by luck than good judgement however. The only long term winners however are the directors.

OMO.

This share is unique as it resembles a ten headed coin. When you spin it 9 times you lose, once you win.