Member Info for persimmon

Isdeer....'86% chance of geological success' based on a small number of samples of say 2 can be 43% chance based on say 6 samples. Pays your money and takes your choice, 86% for the super optimists 43% for the more pessimistic.

From Companies House today

27 Sep 2023 "Accounts for a small company made up to 31 December 2022

This document is being processed and will be available in 10 days"

This usually means within the next couple of days.

"When Reabold own 59% of Rathlin, surely it’s an investment in their own company and a win win for them".

Or a lose lose isdeer

LOL MrDisInvestment, What have I posted in the last couple of days that the RNS disagrees with my projection. In fact all correct, Rathlin will have to be propped up by monies from RBD (so read NO Dividend if so).

I said it will be a case of delay delay delay.....The RNS states sometime in H1 which means last day in H12024 if you're lucky, that being 30th June 2024. And my betting is further delays will take it late into H2 2024 or even 2025 before any meaningful news'.

I said that only the pipe-works and joints etc will have been already paid...I was correct, the main invoices are yet to come. I said that no hard and fast drill orders have taken place....they have been identified in the RNS as basically 'still looking at them' lol. If you clowns think that we will be much further on down the road in 12 months time you are deluded and have been brainwashed by the dynamic duo.

Un the meantime they are scooping up their massive pay cheques.

Question....If it is such a really good and sound project where are all the investors they are scratching around to find?

Keep an eye out for Rathlin's annual account due by Friday.

Why haven't Connaught the next largest owner of Rathlin said they will invest more into West Newton?

"Union Jack is hardly going to suffer hard times in the meantime".

TAC.....as per the subject header. UJO is David Bramhill, investors are just a useful enabling tool for him.

Due 31st August. The company must hold the SEC record for never filing accounts before last due date. Not a good look; especially as the last file related to the Chairman James Westmoreland having to inject a small sum of his own money to seemingly 'keep the boat afloat'.

Due out at Companies House by this Friday, Will they be lodged by then?

I think probably yes.

I also believe the possibility that a carefully worded statement will allude to the fact that they have received a letter from their parent (Reabold Resources) to the effect of them committing further financial aid. With the other major Canadian share holder of Rathlin seemingly unwilling to to participate, and a market placement unlikely their 'backs are against the wall'.

An RNS relating to this movement would be published on the RBD site at the same time.

OMO as always.

"You will be waiting for an extremely long time"

And then some!

My thought to be posted on RBD site tomorrow about West Newton or should it be renamed 'Gone West Newton'

Lenin, I expect that a great deal of known data from numerous Reabold type small AIM companies will be 'fed' into a specifically designed software programme program along with their most recent history profiles.

The many people who call these companies 'life style' companies for good reason. The only people who actually profit are the directors

I would guess those that actually make money from dividends and not by trading the swings will be in a single figure percentage of the total. All AIM small Oil & Gas Exploration is class as high risk by analysts.

I trust David was a heavyweight. Only then Heid would he be able to compete with you at equal weights!

Deemule alias Simon64, you have been a disciple of the directors for many years now. I hope you are still adding to your enormous loss by averaging down every month. What is it now £70-£80K under?

Why have you changed your name from deemule?....serious question.

Note the subtle difference between the RBD wording " long lead items such as steel casing for a horizontal well has already been ordered". and Rathlin's later " Wellbore casing has been purchased and Rathlin Energy (UK) Limited has approached drilling rig and other key rig service contractors to determine their availability.”

Reabold's would have one believe with that those two simple words "such as" that other equipment's have been purchased. The dynamic duo are slick city operators, unlike the drilling operators and do not miss a trick to try to deceive!

29th August 2023

Today’s update, given to the West Newton community liaison committee, said plans for the horizontal well were now underway:

Uggy, I very much doubt that any materials are on site as that would entail cranes to deliver, on site 24 hour security etc.

“Commencement of operations are targeted for first half of 2024 subject to approval of the pending Environment Agency permit for West Newton B and rig availability.”

It also said:

“Well path selection and the engineered well design have been completed. Wellbore casing has been purchased and Rathlin Energy (UK) Limited has approached drilling rig and other key rig service contractors to determine their availability.”

Uggy, you could be right but the the last I remember was this on an RNS from a year ago.........."Given the challenges with the global supply chain, long lead items such as steel casing for a horizontal well has already been ordered. The availability of drilling rigs capable of drilling a 1,500-meter horizontal well is also being determined".

The rigs and associated labour etc will cost many millions more than the steel casing (although that is not cheap). And how much have they bought is also a question that they should be asked in my opinion. Consistent with that is RBD's RNS earlier this year that stated if Rathlin could not find a partner to fund the drills then RBD would step in themselves. That would not take place until AFTER Shell had stumped up the remaining money owed which will presumably be in late December. If RBD have to fund further it's bye bye to any dividend.

BREAKING NEWS ALERTS

California

California Attorney General files civil suit against major oil producers seeking punitive damages

California Department of Justice

By Andrew Gillies

September 18, 2023 1:32 pm

Published September 18, 2023 2:20 pm

SACRAMENTO, Calif. – On Saturday, Governor Newsom and Attorney General Bonta announced that the state filed suit against five of the world's largest oil companies, their subsidiaries, and a trade group in an attempt to exact punitive damages from the groups for knowingly contributing to the climate crisis.

The lawsuit cites violations of Civil Codes covering public nuisance, Government Code sections that authorize the Attorney General to pursue litigation for equitable relief for pollution and destruction of natural resources, and violations of the Business and Professions Code sections concerning untrue or misleading advertising as well as negligent product liability.

Financial year 2022/23 ends September 30th.

Will be interesting to see new orders placed for year 2023/24 from October 1st.

Rathlin have been looking for a partner to fund West Newton operations since April. Isn't it high time that the significant majority shareholder Reabold Resources gave its shareholders an update regarding West Newton and whether it's Operator Rathlin have had any success in finding another partner, to further fund the drilling. Remembering also the long lead times associated with ordering equipment's?

Nigelparkhouse....forget that stat, it's on one very small trade so not unusual.

What should be of concern though is a steady downwards direction of the market cap. Now only £4.9M.

A corner shop in a run down area of Bristol will soon be worth more if this situation isn't soon arrested!

Release dates of Rathlin's Annual Accounts to Companies House in previous years.

For Year end 31st December 2018........5th August 2019

For Year end 31st December 2019........30th April 2020

For Year end 31st December 2020........30th June 2021

For Year end 31st December 2021........16th August 2022

For Year end 31st December 2022........??????????? (Latest date to file 30th September 2023)

December 3, 2021

James F. Westmoreland

3910 Longherridge

Pearland, TX 77581

Re: Offer to convert 12% Subordinated Note of Daybreak Oil and Gas, Inc. to Common Stock

"Dear Noteholder,

You are receiving this letter as a Holder of a 12% Subordinated Note of Daybreak Oil and Gas, Inc., a Washington corporation (the “Company”).

I am pleased to inform you that Daybreak Oil and Gas, Inc. (“Daybreak” or the “Company”) has agreed to acquire Reabold California LLC (“Reabold”), subject to shareholder approval and us meeting certain closing conditions. I have attached a copy of our press release describing the transaction. It has been a tough several years for both the Company and you as a 12% Subordinated Noteholder. We have continued to accrue your interest and principal obligations to you during this time. Through November 30, 2021, we owe you $264,986.35 in accrued interest and $250,000.00 in original principal for a total of $514,986.35 on your 12% Subordinated Note.

As part of the Reabold transaction, we have undertaken to eliminate certain debt liabilities and simplify our share structure. We feel that after the transaction with Reabold is finalized, the Company will be stronger and the end result will be a stronger share price as we implement our new business plan.

Therefore, we are offering to convert your 12% Subordinated Note into 1,144,414 shares of Daybreak Oil and Gas, Inc. Common Stock in full satisfaction of our obligations to you pursuant to your 12% Subordinated Note. This offer is being made to all holders of the notes, but each holder may decide in his or her sole discretion whether or not to accept our offer.

As you may know, I personally own a 12% Subordinated Note for $250,000 and I am accepting this offer to convert my note to Common Stock. I feel, as a noteholder, that this exchange is our best opportunity to recoup the original investment and the interest owed to us"