Member Info for RNSTranslator

Investor Tester happy to engage with actual information. All from the BNP analysis/Website.
Cali does not have $1.2mm pa in net revenues. it has $0.8/0.5/0.5/0.3 mm free CF over the next few years , in total $4.4mm upto 2034.
They had £6.4 mm at the end of June so we can assume that 4 months of testing costs will have reduced this number.
If WN doesn't eventually flow I can't see how any value can be ascribed as its not an economic proposition.
Victory has published NPV10 values these are not £84-120mm net to RBD it has a base case of £85mm to Corallian and net to RBD that's £42.5mm (NPV is not a sales value its an unrisked valuation of discounted cashflows, more than happy to debate this one, BNP give a NAV of $49mm) It will NOT be re-entered in 22, its due on stream in late 24 assuming FDP is approved and funding and FID is approved in 22 .

"It was believed drilling mud filtrate may have built up on the wellbore, reducing permeability, and it was hoped acidization may resolve the problem. This is a relatively common issue observed in wells in the region. Rock typing also identified carbonate ‘cement’ within the matrix, which can reduce permeability. Lab analysis indicates >20% of this calcite cement could be dissolved by the planned acid job
After performing lab studies and securing equipment the well was re-entered in September 2020 and treated with acid. The recovered liquid included sludge, likely to be a combination of dissolved reservoir material and fine sediments coming from the reservoir. Gas flow was observed after ~12 hours, with a combination of methane and nitrogen (injected to help lift the fluids and sediment from the well) produced to surface. The well has been shut-in since this time, with pressure gauges recording changes in the well, pending the outcome of technical studies to determine the most appropriate course of remedial action. There can be no certainty, at this stage, that remedial actions will be undertaken or that any such remedial action will be successful."

You're all thinking West Newton B-1z or A-2 perhaps?... nope its Parta IM-1- is there a theme developing here?

Or the remaining NPV10 of the California interests of $2.8mm (from Jan 1)

So you disagree with their NAV10 of $11mm for WN and the High and Low case recoverable numbers...?
What did we all miss??
Do you still think its the transformational discovery they said it was?
Do you accept that they also stated that Rathlin don't have enough cash for the next well?
OR has the story simply moved on (for the 4th time) on to Victory now??
#magicalmysterytour #ericandernie

Cloves obviously you missed the important 10%
there were other lines like:
"We model a high case recovery of ~17mmboe from West Newton" [16bcf and 13.8 mm bbls oil.
and]
"We have constructed a low recovery factor success case for West Newton, incorporating the drilling of one further appraisal well and thirteen development wells, recovering a gross 9.9mmboe (8.2mmbbls oil and 10bcf gas). This equates to a recovery factor of ~8%."
Thirteen wells to get 8mm bbls ... !

Cloves did you actually read the sponsored research by BNP. Sponsored means the company paid for it...
"The subject Company of this Research report has commissioned Exane to cover its stock and, consequently, Exane has received compensation from the Company for the preparation and dissemination of this research report"
nevertheless -
They predict recovery factors of 8-14% for WN... hardly the second largest field in the UK according to analysis the company just paid for.

If you look at the timing of its creation, it followed some positive results from Wressle and WN...
I suspect that DB thought he'd seen the light at the end of the tunnel and that a takeout/sale was just round the corner...
Obviously he can't fund this company with UJO money, and a £1 share is hardly a lot.
Its in Mining and Quarrying so maybe he's going to dig an even bigger hole to try and climb out of next time ....

GP, don't worry about cloves, he or she is just angry that as a new investor they've lost money believing in the promotional hype of the company.

Feb 21 0.6p : "As a newbie to investing, but not new to business, I find the posts by RNSTranslator very disruptive and unhelpful. I waste so much time researching what he says, only to find he is being misleading. The same goes for persimmon. If these people were really being helpful to new investors, they would point us to sources of genuine information, not provide distorted information as fact."
Perhaps if you had considered both the upside and the downside you might not be sitting on shares at 0.16 rather than 0.6p. Many who are new to investing, suffer from confirmatory bias, they only listen/believe stuff that they want to hear and dismiss the stuff that they don't want to hear... and of course they need to blame others when it doesn't work out the way they think it should...

Update: £100mm - madcap research: MORE TO FOLLOW.
1: Bearcat Operations (started in early 21) NOPE
2 UJO NOPE
3 Navy Avian NOPE
4 CorbyLtd NOPE
5 Maghreb Exploration NOPE
6 Wessex exploration
7 Northpet Investments NOPE
8 Osceola/Bluebird NOPE
9 Nighthawk
10 Oilquest NOPE
11 Cambridge Mineral Res.
12 Pan Andean

"RNST is one of the passengers who never wants to arrive, but wants to make the journey for shareholders as unpleasant as possible." Cloves, in answer to your question about are we there yet...
I'm no longer a passenger, I got off when Eric and Ernie repeatedly promised transformational activity, only for it to be quietly forgotten and the next "big thing" was pushed forward as the new transformational opportunity, only to be quietly left behind and never mentioned again... a magical mystery tour for those of you still on the bus. The journey has indeed been unpleasant for some, perhaps you should talk to the drivers about that, clearly Eric and Ernie are not headed up the M1 at speed to a 5* hotel in the Lake District as they promised, seems you're actually on the B3212 on the way to Crapstone, Devon. and yes you're almost there! (quite appropriate, given the reservoir quality)

I simply asked the question - what liquidity event?
Perhaps you could answer?

To be honest I have no idea what #tmfog means, should I?
searching on twitter still lives me rather baffled.
Please enlighten us all will you..

what liquidity event??

Yes Heid they changed the PR (eventually), as you should know the PR company gets told as the RNS is being prepared..why are they still using the same broker who rings up the same "investors"??

“Why have you avoided this RNSTranslator and Mirasol ?!”
If someone keeps doing the same thing over and over but expects a different outcome then the issue is with the person who repeats this behaviour, and at the end of the day that’s Daaave… same process same outcome.
The broker does market soundings, and I would expect they approach the same individuals and it’s apparent that one or more if those either don’t understand or don’t care that the info is leaked…
Answer? Change the broker and the PR and see if it still happens? Has he done that? No…why not?
Daaave is accountable for running the company, if he keeps doing the same thing that leads to a leaked placing on multiple occasions how can you not point the finger at him?
Hard to answer that hey Heid…?

“That is the kind of negative, agenda ridden comment I expect from you RNStranslator”
You may not like it: but I post stuff that is factual and paints a company who’s record of leaked placings and shareholder value destruction is self evident. If this was posted about a company that generated good returns you’d be right to criticise… however the reality is that this hapless bunch have never delivered consistent and reliable shareholder returns… despite the “transformational” assets the share prices is 18p , it floated at 50p and has only touched 60p for a matter of days in its 8 year history spending 90% plus of its history below the float price. There’s a reason to be negative, you just have your eyes and ears closed…

“ The BoD as you call them, are shareholders too, ”
Yes Bramhill owns 415,000 shares worth £75k his options are with £0 and he earns £215k a year.
At least J O’F actually buys shares with his £85k salary…

“ It must be quite frustrating RNST when you spend all of your time trying to convince people what’s happening only for the CEOs to do an interview and tell people what’s actually happening and it’s the opposite of what you’ve been saying.”
There’s what CEOs want you to hear and what actually happens…
You got there eventually Mr I.

Reaction
That’s 50bcf in place not recoverable.
And of course they have yet to prove if any of it is actually recoverable.Until they can show commercial and sustainable production rates it’s current value is zero less the cost of future drilling…nobody will go anywhere near this until then.

Two quid, that's a bit of a DOWNGRADE from Heid, she used to tell us it was going to be 3p in old money that's 6 quid in new money.. so Heid why did you downgrade from 6 quid to two?
Ah...Perhaps you forgot where the decimal point should go .2 quid rather than 2 quid perhaps...?

No reason why we can't hit Six , sorry 2 quid hey Heid?. that's a £250mm company how on earth do you get that with the UJO reserves which are between 500k and 800k bbls, that means each barrel would need to be worth between 312 and 500 pounds per barrel.
Heid you talk utter gibberish, nothing you state makes any sense at all...youre starting to look very foolish.