RE: RE: Environmental bullies15 Jul 2021 09:20
'Get all that, but our current predicament has nothing to do with them.'
I didn't say it did, tbh CB. The fact is I have no idea why the price is where it is at the moment, apart from the reality that the company and assets have been relentlessly attacked by people trying to drive away investors and so damage the share price. There does also appear to be a constant seller, which doesn't help. Their reason for selling could well have nothing to do with their view of Reabold. Institutional investors work to schedules and may not be able to adjust their strategies like private investors can.
As Rathlin have applied to increase the number of wells from 2 to 8 at WNA, they must know exactly what they have, and it has to be significant. That application will have cost hundreds of thousands of pounds to put together and deliver, and if there was any doubt, they could have waited for the EWTs to complete. They didn't. The EWTs are, I'm sure, designed just to establish the best location for the WNB-2 well, which they think will provide best flow rates for a sale.
Until I see an RNS to the contrary, I believe everything is running exactly according to plan, for both gas and oil.