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It will be interesting to see just how many have been confused by the huge deluge of clearly orchestrated posts on the RBD threads, not just here, to try to show the Band of Grabbers who want the West Newton asser, as real businessmen.

The professional bodies, now monting daily in numbers, have ALL agreed that the band of desperadoes trying to grab RBD from shareholders and insert themselves into RBD, cannot be trusted enough to pass a Due Diligence test.

We guessed that and now just wait to see the numbers of people suckered in to help these abndits in their greed. West Newton is so very close now it seems madness to change governance, let alone to people who cannot pass FSA regulations to sit on a board of RBD. Soon we will know, but if anyone has voted for the reolutions then they still have time to reverse their vote and free us all from these parasites who have done so much damage to RBD already...and that is without even being on the board.

Commentators like Malcy have also sided very clearly with our current directors, its just hysterical posts flowing in from a very few people, but people who spend all day at the keyboard spamming RBD sites, that are against.

I am not so sure JAY is desperate to get a JV, it wants one for sure, will definitely need one, but Kobold will control this and to my mind smaller assets will be sold off to bidders, yes. But Disko has the potential for a world class mine if the Ni comes through. Wtih Dundas i am afraid i find it highly convenient that it suddenly is labelled as no good. I dont believe it. Rod is back with his 70 odd million shares gathered recently as the RNS shows, but why? His idea was for Dundas to become a producer while Disko went throught the loop of meeting mining obligations. Or for Dundas to be sold off when Disko was better identified so it could be sold too. These two assets to my mind will go to the same bidder, the other assets will go to raise cash as and when. Why did Bo go?

The 21st Sept RNS was actually saying that Dundas was not for JAY alone, ie JAY was too small a company, yet in the same report they admitted the raised and sunken beaches had not been examined at all. The purity of the sand was upheld as was the ease of production. This reeks of convenience ofr Kobold to get on with Disko then when summer drilling gives results make decisions based on the drilling. At that point Dundas will suddenly be revised again in a different light. Thats my take. Disko is the big one, but Dundas is still huge, and pure.

At last time is running out for this latest asset grab from Kam and the chancers. The people trying to grab the Asset of West Newton have been doing every thing they can to unsettle shareholders. For me the choice is made mor simple by looking at the advice given by ISS AND Glass Lewis. It is utterly clear from theor reports that they agree with Industry long term figures like Malcy. He has long said to stay with the current crew as we are so close any change of management can only delay matters. Also the fear of the nwe people trying to grab more of the asset for themselves. Imagine how many options they are imagining they will grant themselves the day their dreamof this theft were to come true. Dont worry they wont get it. They have already lost, then they will try again like some rusty gramaphone needle stuck in a groove. They will burn their money but we will get West Newton in the end so all will be ok.

What a shower of parasites they have enlisted to spam all the boards with utter drivel against RBD.

At last time is running out for this latest asset grab from the chancers. The people trying to grab the Asset of West Newton have been doing every thing they can to unsettle shareholders. For me the choice is made mor simple by looking at the advice given by ISS AND Glass Lewis. It is utterly clear from theor reports that they agree with Industry long term figures like Malcy. He has long said to stay with the current crew as we are so close any change of management can only delay matters. Also the fear of the nwe people trying to grab more of the asset for themselves. Imagine how many options they are imagining they will grant themselves the day their dreamof this theft were to come true. Dont worry they wont get it. They have already lost, then they will try again like some rusty gramaphone needle stuck in a groove. They will burn their money but we will get West Newton in the end so all will be ok.

What a shower of parasites they have enlisted to spam all the boards with utter drivel against RBD.

It's good to see the divisive lot trying to steal our assets have been shown up by all professional reports. All of them advise strongly to stay with current BOD. SImon below has given a really good synopsis of RBD and BOD.

Once this is over our BOD should learn from the experience and focus on West Newton. I do like the Italian asset,its being widely reported how the Italian Central government are telling Regional Authorities to relax rules for local Energy production and strongly expedite assistance to Energy groups. RBD will massively benefit from this approach no doubt forced on them by Vladimir P.

2024 is going to be RBDs year. I would expect a minimum 50 million market cap prior to W.N. DRILL SPUD.

Glass lewis. World leader in corporate Governance.

Glass Lewis is the world’s choice for governance solutions. We enable institutional investors and publicly listed companies to make informed decisions based in research and data. We cover 30,000+ meetings each year, across approximately 100 global markets.

Our customers include the majority of the world’s largest pension plans, mutual funds, and asset managers, collectively managing over $40 trillion in assets. We have teams located across the United States, Europe, and Asia-Pacific giving us global reach with a local perspective on the important governance issues.

Glass Lewis is the world’s choice for governance solutions. We enable institutional investors and publicly listed companies to make informed decisions based in research and data. We cover 30,000+ meetings each year, across approximately 100 global markets.

Our customers include the majority of the world’s largest pension plans, mutual funds, and asset managers, collectively managing over $40 trillion in assets. We have teams located across the United States, Europe, and Asia-Pacific giving us global reach with a local perspective on the important governance issues.

Lies and total desperation coming in now from the Spivvy takeover slimeballs trying to steal our assets. BUT MORE SUPPORT FROM PROFESSIONALS this morning with a further independent view that RBD current. BOD should remain and we will then keep West Newton.

That lot are desperate to get RBD. Why???? Because it is worth a huge amount more than anything they could create, so they want to grab RBD free.

Our current BOD are safe as most people voting would have some form of brain. This hysteria from people who really really want the company, that in the next breath they say is no good. What a lot of twots with huge egos and no morality other than looking for a free lunch. Malcy is a lot more clued up to this than the vast majority of people and he seems in total dread of the thought of this lot getting the Current BOD out.

Like many a good tackle they may try. But it runs the continent and will all the time valuable assets are in the area.

Corruption is a view by some while others see it as normal, how to live, and how to get their own way.

The British are fairly good at it, so nope, it wont be a good tackle.

Its obvious nwo that many are terrified of this proposed takeover from such a ghastly lot of asset strippers.

(AIM:RBD) has sharpened its focus this year on exploration, appraisal and development projects onshore UK and Italy.

RBD has an aggregate 56pc economic interest in the West Newton-PEDL183 licence north of Hull operated by Rathlin, potentially one of the largest hydrocarbon fields discovered onshore UK. The JV partnership is planning to drill and test the WN B-2 by next June, envisaging a multi-well development programme served by a 50 Mscf/d gas facility. The licence’s Crawberry Hill prospect has been identified as another significant potential discovery.

RBD has built a significant interest in LNEnergy Limited this year, taking a 26.1pc stake in a company focused on the Colle Santo gas field in Abruzzo, Italy, a gas resource with an estimated 65 Bcf of 2P reserves, with two production wells already drilled. The field, which RBD says ‘could be the largest onshore proven undeveloped gas field in mainland Western Europe’, is development ready, subject to approvals and permits. A small-scale LNG facility is planned, producing at an initial at 10 MMcf/d from two existing wells. LNEnergy believes that the field has the potential to generate an estimated €11-12m of gross post-tax free cash flow per year.

RBD has interests in several other assets. The company retains four North Sea licences including the key Dunrobin prospect on licence P2478, which an April 2023 CPR estimated to have 201 MMboe aggregate gross unrisked Pmean Prospective Resources. It has a 42pc shareholding in Daybreak Oil and Gas Inc, an OTC traded oil and gas company engaged in the exploration, development and production of onshore crude oil and natural gas, primarily in California. And it continues to engage with Romanian authorities regarding an exploration licence for the country’s Parta and Iecea Mare licences.

RBD’s results for H1 2023 stated net cash of £2.6m at 30 June 2023, but the company has since confirmed continued payment from Shell for the sale of the Victory gas field last year, a project in which RBD had an interest. Following an initial payment of £3.2m last November, this month the hydrocarbons giant confirmed payment of another £5.2m, with a final consideration of £4.4m due upon the North Sea Transition Authority (NSTA) granting development approval for the Victory gas field, ‘which is anticipated to occur within the coming months’. The receipts, which RBD offer as vindication of its strategy of investing in projects with significant valuation potential, will fund ongoing development work and a £4m share buyback programme, initiated in April.

The Shell repayments have, however, triggered disputes regarding the company’s direction. Both have been accompanied by requisition notices requesting General Meetings to vote in new directors: the next will take place on 10 January. RBD’s management describes the efforts as ‘opportunistic’, noting that both have coincided with tranche payments from Shell.

What desperation from the Takeover camp. Lies obscure ramblings mis-quotes and every type of skulduggery to get hold of West Newton and the money pot that has come from the Victory deal. What a lot of total scumbags just tryint to grab something they themselves could never earn. RBD is best where it is right now with a good plan ahead and all of us lookking forward to seeing a decent share price re-rate once this nonsense from the Takeover parasites is seen off and we get ever closer to West Newton.

Will not be taking any notice of you Uggy. They will be looking at the facts and all that Due Diligenec needs for people to understand what is going on in any company.

The Chancers trying to take this company over for the second time, and who flood these boards with people like your good self, all giving some spin in an attempt to scare off private investors. i HAVE ALREADY VOTED TO REJECT all proposals as the proposals made are simply formed to scare they do not actually reflect what is truthful and reality.

Last time they failed to get their proposals accepted, same this time. This is due to the fact most people invested hree are looking at West Newton and want it to happen as soon as possible. Any changs of Management would scupper West Newton, the share price would then tank and you Uggy and your fellow kamikaze will be able to complain about a nother lot of managers who lost your invest ment for you.

Get real, you are being sold a pup by Heidi and others who are all linked to the boys trying to grab our assets.

I only have a small holding of 10 million shares which i topped up when they fell last time, howver i have voted now, obviously to reject the resolutions because the people trying to take us over look like Ali Baba to me so i wouldnt touch them with a barge pole.

I am not that fond of our two, but they are still working to get West Newton off the ground and i am very very interested in that one. To be diverted at this stage would just be sheer lunacy, especially by people who have given no business plan or strategy....other than to grab our assets. Each to his or her own but be very careful with this one as West Newton is a wonderful opportunity and i am very happy to have David alongside from UJO as he has year of experience and rates ~West Newton very highly indeed. Good luck to all and Happy Xmas.

And i am very happy with Eytan and his strategy. He never gave any fixed deadline, he was hoping, like us for a result in Farming out by this year end but there has been one heck of a lot of movement between the other companies in Uruguay and so far CEG has done incredibly well to have out manouvered the Majors by grabbing first place in the Block line up.

It would be very dumb for Eytan to make some fast decision when so much is on offer in this region, not least because its such a new Province.

As i say i am joining those who bought in at the bottom, or near to, and so am on a really impressive gain so far. Any re-trace will for sure be in line with the normal retrace after such huge short term gains. Thin trading around Christmas is going to see people cash in profits for Christmas...mine will be staying right where it is until the Farmin,

Happy Christmas to everyone and a very Prosperous New Year.

A lot of folk dont like or understand charts. These give a hsitorical background that is mathematical and for that reason they follow some mathematical norms most of the time. ie they are not meant to be Crystal Balls, but are strong advocates for future moves.

Since 10.10.23 CEG has moved back up, firstly from its bottom of .0378 to the first step at .0652. Then continuing the up-trend it started it went to just over .0105.

Looking back to the drop round about the 26.01.22 and seeing the chart from then its easy to see how its next target is .0144. But, oh boy, after that!! The huge gap down will then leave us with literally .0574 sa our main target which looks to be virtually certain before news on the farmout in Uraguay. As Malcy says, ' whats not to like? '

Of course if the news is of no farmout then the price drops until they do manage one but with Uraguay folowing Guyana, now the richest oil income per capita in the world, all eyes are going to be on Uraguay. Lets just look at the options available for the Farminee, a Wildcat after Seismic, is absolutely not out of the question. The point of a Wildcat is that the companies get vital information while also getting a good chance at hitting paydirt. CEG even with a small percentage post Farmout wold then give absolutely massive returns. Even now at 60% odd in the last few weeks its truly excellent but we are now in for the big news. I dont for one second think Majors who have agreed a 250 million dollar spend in their licence areas with the Uraguay Govt will hesitate to grab a cheap Farmin allowing for a Wildcat option. or the other way to go conventional but still farming in.

Https://consult.environment-agency.gov.uk/psc/regulation-of-rathlin-energy-s-west-newton-b/

Ive been stashing these as ime very happy to wait for May next year. Sad fact is most threads get utter balz posted non stop. This thread actually isnt as bad as some. We do have a good management,no one can see through metal and the manufactureres of the faulty valve obviously had tested it but it still got through the quality control. We were protected by a well organised insurance policy that will now cover the cost of sidetrack....and that will be drilled with a whole lot of extra knowledge. Good on em i say, roll on results from current extraction and then our little gem.

This is an interesting move by Challenger and notably a change to previous announcements. I managed to have a conversation with CEO Eytan Uliel this morning and he was refreshingly open with me. He thought that the previous raise was good but investors ‘hated it’ so on the basis that they are not too proud to admit to mistakes they decided to ‘bin it and replace it with a conventional facility’. Fair dinkum if you ask me mate….