Member Info for persimmon

I think what he (poiu) means is that the two CEO's are positioning to keep 'rewarding' themselves very well with fat salaries for many years into the future.

moniman.......Rathlin will need all of that cash plus lots more to develop West Newton.
'Wake up and smell the coffee'...that reminds me!

Come come TAC, I mean Heid, I mean. Crickey who is it out there?

If West Newton was a racehorse running at Cheltenham it would be 100-1
That's the fix the dynamic duo have got themselves into over at RBD.
Like the Small Faces sang in the sixties...... 'All or Nothing'

"That's if the well does not start to decline as GaffneyCline forecasted".

*Well declination alert!!

milnrowmug...'a sell was actually a buy'
Really, I wouldn't put your life on that, as it was an off-market transaction not involving the stock exchange.

Anyone know what has happened to MrDisInvestment?

HerbertDTurbot says
"Maiden dividend before Christmas and hopefully more to follow after the Year end results (also coming soon), so to me showing confidence that the excess cash can be given out without any fear of needing it shortly".

That may happen, but my opinion is that cash will be needed in the next few weeks to prop up the West Newton project. As everyone who has not been on Mars for the last year or two knows, the operator Rathlin is in dire need of funds. It is very likely therefore that their major shareholder Reabold Resources in the form of directors Stephen and Sachin will be knocking at David Branmhill's door soon with a large (figuratively speaking) begging bowl.

Almost as big a dog as a Great Dane.

This is a bigger dog than a Great Dane.

Heid, a word of advice. Keep off too much aperitive's followed by red wine for dinner. You are slurring your speech lol.

"Steptoe comes to mind, persimmon".

Steptoe would instantly recognise a fraud like you Heid when he saw one.
Do you remember your fraudulent claims and lies about $150 a barrel of oil and RBD's £1 a share by Xmas 2022 Heid?
You should do, and what's more, I have the details to prove to everyone that you did and will post them if other posters want to see them!

lol dear mule, Rathlin is a prime example of a 'one trick pony'.
Shell buying them out.....even I didn't think you were that detached from reality.

Everyone notice the sleight of hand by Heid in her post?
She has now changed from $150 a barrel by the end of 2022 to triple digit by the end of 2023.
What a con artist!

Reabold Resources Plc
March 2019
Rig Contract Signed for West Newton Well
Reabold is pleased to announce that Rathlin Energy (UK) Limited ("Rathlin"), operator of the PEDL 183 license onshore UK, has signed a rig contract for the drilling of the West Newton appraisal well, expected to spud in April 2019. Reabold has a 37 per cent. equity interest in Rathlin, which has a 67 per cent. interest in PEDL 183 and the West Newton project.

It is now almost 1 year since the East Yorkshire Council granted us a 3-year extension for West Newton drilling.
What has Reabold Resources accomplished since then?

D.B Whose there?
Sachin... It's Stephen and Sachin
D.B..... You should have rung, but come in. Be brief as I'm very busy. What do you want?
Stephen... Just a word about West Newton. Rathlin need more cash and soon!
D.B..... I've told you I'm not interested; my shareholders will go berserk if I throw more money at that project.
Stephen.... It's not a sure loss yet David, and between us we can drag it out for many more years to come. It could turn out to be a nice little earner in the meantime for us all.
D.B.... Listen I'll think about it but promising nothing. I'll let you know either way next week.
Stephen.... Thanks for hearing us out, now we must both get back to London and plan our next move to placate our own shareholders. What a restless impatient bunch they are. Don't they know (both laughing) we have a business to run.

The following extracted from Rathlin Accounts, signed off on December 31st 2021
Cash Balance @
December 31st 2020 £12,200,000
December 31st 2021 £5,300,000
December 31st 2022 ?
Also reads, If operations are delayed have sufficient funds until 31st December 2022.

"Maybe we should now think about WN, Parta and California as bottles of wine of doubtful quality that someone takes to a dinner party, and are never opened"

G.P......more probably that we know Parta is 'corked' and California is of a poor yield.
West Newton is a vintage year ending with a seven, eight or nine. Not many buyers/investors putting down a deposit today, for a commodity with an unknown future.

I wonder if we will see any fun and games by the II's before the month is out?