Member Info for persimmon

Soon over 10 billion shares in company

Tf...thanks for reply, I'll take that as around a score of 8 then.

Tf, on a scale of 1-10 where do you place the return of the Victory sale......

4 Very poor 5 Poor 6 Acceptable 7 Good 8 Very Good 9 Ecstatic 10 Invited to CEO of your major Bank's Xmas dinner?

Tf.....without releasing what your holding was, are you on a scale of 1-10 are happy or expected more?

Heid...Italy is 'the beating heart of Europe's black economy' So greasing the wheels of any business deal is usual easier there than in many other countries. As for the value of Calle Santo to RBD shareholders I am unsure. Dependant on all planning obstacles being overcome then the Commerciality of the project may be secure. Whether if so, that would entail any worthwhile return to shareholders is another matter. My view is that other 'newly found assets' would need to be financed, whilst the real agenda would be in fact to finance the joint CEO's opulent lifestyle into the foreseeable future.

DYO Research

Should the dynamic duo plough anymore of our money into LNEnergy before the Requisitioned meeting then we will all know what their little game is.

Looks like the Oza family (parents?) have exceed the 3% threshold therefore the RNS announcement.

Must be a worrying time for them all.

Moniman....that is only scratching the surface. Some of the characters I uncovered would probably make the Kray twins look like amateurs.

The Gathering Storm15 Sep 2021 12:03

California Part 2......Time Line

14.6.2018

Gaelic Resources Ltd was acquired by the issuing of 420,000 ordinary shares in RBD at a value of £3,045,000.

RBD now had the right to an earn-in via Gaelic to 50% of the leases held.

These leases operated by Integrity Management Services (IRS) who are in charge of operations of the licences.

Unaudited accounts at that time of Gaelic show net liabilities of £73,728 including a shareholder loan of £756,257.

That last amount was assigned to RBD as part of the acquisition deal.

Notes

Gaelic Resources owned 100% interests of Temporary Energy LLC (A private Californian company)

Temporary Energy has an earn-in agreement with Sunset Exploration to earn into 50% of 'certain' Oil & Gas licences

owned by Sunset Exploration.

Temporary Energy also has an agreement with Integrity Management Service (IMS) for an unspecified fee.

2.11.2018

RBD says the Grizzly Island well drill will be deferred until 2019 and prioritising West Brentwood well.

8.2.2019

RBD issues 1,980,000 shares to an Institutional Investor thereby transferring 350,000 shares to Connaught Oil & Gas

a private Canadian company registered in Alberta. Connaught's primary asset is 35.04% holding in Rathlin UK.

29.4.2019

RBD director says that the wells at Parta Romania and Grizzly Island planned for later this year (2019).

23.9.2019

RBD decides to drill well VG-5 ahead of planned well at Grizzly Island now expected in 2020.

26.2.2020

Reabold in its California update never mentions Grizzly Island.

10.6.2021

Reabold in its full year annual report never mentions Grizzly Island

31.12.2020

Reabold California enters agreement with McCool via Sunset Exploration for fee of £284,000.

This agreement includes Reabold California paying 100% of completing existing well as a water injection well, and

100% of costs to re-establish an existing oil well

RBD investment £1,933,000 and loan to Reabold California LLC £6,292,000 with no fixed repaymnet date.

January 2021

Presentation reports Grizzly Island to earn in 50% after drilling well.

* Permission to actually drill Grizzly Island never given by Californian Authorities.

persimmon

Posted in: RBD

Posts: 7,334

Price: 0.18

No Opinion

RE: Not long left3 Nov 2021 10:19

The Gathering Storm15 Sep 2021 11:54

Reabold California Part 1

Introduction

Subsidiaries

Reabold Resourcing Ltd........England........London.......Holding Company........100%.

Gaelic Resources Ltd............Isle of Man....Douglas......Holding Company........100%.

Reabold California LLC..........USA.............Rocklin.......Oil & Gas Company......100%.

(formerly Temporary Energy LLC).

Reabold Resourcing Ltd & Gaelic Resources Ltd Directors Stephen Williams and Sachin Oza.

Reabold California President (Director) Mr Dero Parker

Gaelic Resources overseas address Douglas Isle of Man established on 14th June 2018

Registered as an Investment Company

Gaelic Re

Isle of Man Company Law I am a director of a Company which is going to enter into an agreement with another company that I have an interest in. Is that allowed ?

S148 of Companies Act 1931 requires a director who is in any way, whether directly or indirectly, interested in a disclosure....plenty of Wiggle room here then

"S148 of Companies Act 1931 requires a director who is in any way, whether directly or indirectly, interested in a contract or proposed contract with the company to declare the nature of his interest at a meeting of the directors of the company. (Penalty; fine up to £5000). However, directors are permitted to enjoy the benefit of any Interest provided it has been properly disclosed".

Uggy, Investors may be forgiven for thinking that the £6,000,0000 plus annual interest in Reabold California was monies designed to later disappearing into a black hole such as Daybreak Oil & Gas. A company that has NEVER made any profit in over 50 years of trading. How can any serious director think of doing that without..........Then the dynamic duo involved a private company based on the Isle of Man. Not a company transparent to us as to what is going on there. One has to wonder how much our two joint CEO's are paying each other for 'services rendered' annually.

Below is what many of us posted about what we thought Corallion would sell for and the subsequent share price.

Note deemule is now a poster under the name of Simon64.

persimmon

Posted in: RBD

Price: 0.33

RE: Corallion sale?26 May 2022 15:10

ChimeyBleue 27.05 - £75M - 1.8pps

SelfishMcNimby 17.05 - £25M - 0.55pps

Jamgoo 01.06 - £80M - 2.0pps

cloves 19.05 - £35M - 0.8pps

Manwell 20.06 - £30M - 0.66pps

deemule 20.06 - £101M - 2.0pps

Watts 27.05 - £45M - 1.45pps

Persimmon ? - £15M - 0.1pps

VHB 23.05 - £22M - 0.75pps

Uggy100 06.06 - £50M - 0.88pps

And then you woke up!!!

'Daybreak Oil And Gas, Inc. Oil & Gas Operator Sep 2023'

Notice there has been no production for the months of October & November

Stephen to Sachin.....".I may have mentioned dilution but think I've got away with it"

Always read the Disclaimer which precedes all Presentations including the one from October 2022 promising the return of a dividend to shareholders....Here is a salient sentence.......

"The information contained in the Presentation Materials is subject to amendment, revision and updating in any way without notice or liability to any party".

Moniman.....only the brainwashed or those with a hidden agenda promote these directors. We both, along with many others know who they are.

I have always said that the Shell money would more than likely be coming, yet there was always a chance that it would not be.

How can any individual with only a basic grasp of vocabulary not be able to interpret that correctly?

Oh maybe Jasper couldn't!

It appears to me that many posters/investors in RBD are pinning their hopes of success now on Italy rather than East Yorkshire. I have never thought that West Newton was better than a 50/50% punt, and that Colle Santo the same. I remember the days of Colter, California and Parta. All described as 'transformational'; we now know differently, they have all turned out to be loss making assets.