Member Info for persimmon

"So what is driving the decline? Are operators ready and able to securely decommission their infrastructure"?

"At some point, all oilfields will be plugged out and decommissioned, and the vast majority of California’s unplugged wells produce less than a few barrels of oil equivalent per day. In many states, the small population of high-producing shale wells obscures the thin and declining production from most wells. Our detailed study of the old producing wells in California showed that the future profits from the industry were not sufficient to pay for the estimated decommissioning liabilities".

The above is an extract from the journal regarding Californian Oil. It portrays a picture which in essence says that the oil from small wells is now not a commercial proposition. Only large production players with huge sites will be able to bear the clean up costs and associated up front payments.

Yes I agree, Putin is a very useful idiot for other dictators around the world. Take Iran and North Korea who are selling him arms, no doubt at a very HIGH price. Then we have China and XI who will be taking a lot of gas from him at a very LOW price. The only fool is Putin himself. A world Pariah of the first order. Screwed over his country for decades to come.

PAUL1DEANO....Romania is only a couple of hundred miles over water to Crimea and Russia's black sea fleet. Far to close for any would be investors whether you like it or not!

RPM1....With reference to the Romanian Parta 'asset', I doubt anyone will invest in drilling these days in a country bordering onto Russia for obvious reasons.

I wonder where all the £6,000.000 plus interest )lol) that we gave to Reabold California went?

To be sure to be sure

A ploy in the hope of keeping a few voters 'onside' that's all it is.

July 13 (Reuters) - California, the seventh-biggest U.S. crude oil producer, has put a near halt on issuing permits for new drilling this year, according to state data.

"The state's Geologic Energy Management Division, known as CalGEM, has approved seven new active well permits in 2023. That compares with the more than 200 it had issued by this time last year.

The stalled approvals represent the latest tension between California's bold environmental ambitions and its role as a major oil and gas producer and consumer".

Uggy, possibly and I have made the odd mistake. but at least I have never tried to hide my past postings by changing my avatar like some do.

Persimmon re deemule over 1 year ago...

Posted in: RBD

Price: 0.31

RE: Thank you 18 Sep 2022 15:00

The sloth like ponderous movements of Reabold Resources directors regarding all their drilling operations so far make it an almost certainty that there will not be any payback if at all to investors for many many years.

deemule is heading for financial disaster, hence his craven attempts and posts to attempt persuade potential new investors to part with their cash. There should be a health warning with his blogs!

Deemule, nowaday's Simon64 don't tell such whoppers or I will expose you. By the way have you still got the old 'side by side' as you used to call it....a 4-10 shotgun to those who are unaware of what a 'side by side' is. A teacher eh, well that's a new one, last I heard you were a gofer!

Greensill Capital for starters!

Disagree......yesterdays man with a lot of distasteful baggage accompanying him

Yes Krull Correct, they remind me of the Mister Men in action, Mr Greedy (Stephen) and Mr Nervous (Sachin)

Yes Odins, as the saying goes 'fool me once shame on you fool me twice shame on me'.

Uggy...not really, but just my inquisitive nature.

Simon64, a serious question to you....Why have you replaced your DEEMULE avatar with SIMON64 ?

Moniman, don't know what happened there......... As some (A few only) still here from the early days know I've been here a long long time. I did more than double my money years ago, got out and bought back in later at 0.4p. The rest is history. Yes I wished I should have stayed out. My main aim now is to warn those who are thinking of buying to be very very very careful. These guys in charge are SPIVS. they make Delboy look an amateur.

Moniman. A

I see the major Institutional Investor ditched its shares yesterday. Price dropped over 13% to $0.0003 per share