Member Info for SelfishMcNimby

I see. Thank you so much for your guidance, Tony. So 'revenue' is a banned word. Are there any other words that posters aren't allowed to use? Can I use the word 'use'? Can I use any words? Goodness, this censorship is complicated, isn't it? Since you're clearly mad as a box of frogs, I'll leave the bulletin board for you to police while I go to the pub. x

I was talking about revenue. I made it quite clear. It was in my post. I didn't mention cash. Are you suggesting they haven't had a revenue of $9m? Do you have anger management issues?

Good grief, that Tony is an aggressive ****, isn't he!

'this will eat up a significant chunk of i3e's cash resources'

You said it yourself. Who is dumb nuts?

I was talking about revenue. Look it up. I'm not interested in your interpretation of what I'm posting.

Why bring up Simon Oddie's pay packet? Seems irrelevant and childish.
Why also mention I3E's lack of cash resources. Are they that bad?
Yes, quite easy to work out revenue over the last year. Probably around $9m.

I'm not sure this is quite right?
' I can see they did not have enough cash for a side track if required at serenity- so better be prepared as they have done with £1m loan.'
Their last RNS stated:
'At current forecasts the Company has more than sufficient funds to cover all of its ongoing obligations and the Loan will provide Europa with further contingent cash for additional corporate activities that may occur over the coming months, including drilling a success case side-track at Serenity. If these additional corporate activities do not all materialise and the additional funds that the Loan provides are not required, then the Loan can immediately be repaid in full without penalty.'
That suggests to me they have other plans which require cash which have not yet been disclosed.
They have also probably had revenues of $9m in the last year from their UK interests, so the cash position must look quite healthy.

Surely with the possibility of gas pipes being blown up in European seas, someone with influence in Ireland is going to think their 75% dependency on the UK for their gas supply, is too risky! Surely?

You clearly don't understand this, corkyshlt, but Rathlin are a private company. As such, no-one will pay 'their salaries for at least another four years' as you suggest. So it is obviously in their best interests to get things moving ASAP. As far as the Reabold team is concerned, if you'd bothered to research what's going on you'd see they too are desperate to make progress.
There's too many thick posters here to get an intelligent discussion going.

I don't know, I really don't. Pay someone a compliment and the bulletin board bullies crawl out of the woodwork to impose their prowess. Couple of right knobs.

Yanis, I used to think you were a mug punter who had no idea about the oil and gas sector, no idea how to run a business and no idea about investing.

Can't trust you Uggy, that's for sure. Full of crap.

draft, before you get too carried away with the ******

'Representing a 21.7 per cent discount to the closing 30 day volume weighted average price of an Ordinary Share on 2 March 2022.'

'hidden amongst a lot of balderdash relating to future funding'

Idiot persimmon. They've just put millions in the bank, with millions more to come. They'll sell West Newton as soon as it's proved up, and they've got more than enough cash to do that.

Nice top up today, thanks to another poorly worded Rathlin update. Well chuffed. Sad to see that idiot persimmon still posting. I thought he was going when the price got to 0.4? He's so dopey he missed it going up to 0.54! Mind you, you've got to have some in order to sell them.
Looking forward to West Newton. It's going to be big.

Surely everything would already be in place to move on to a sidetrack if they wanted one.

Wouldn't it be a 'z' well if it was a sidetrack?

I'm beginning to wonder if we're going to get a buyer's TR-1. Must be a tempting takeover opportunity at this price.

What do you mean, 'comeback'? It was a genuine question since I couldn't see a logical reason. Am I not allowed to ask other posters to back up their statements, draft?

Oily, the £1m loan, should they wish to use it, is for a sidetrack in the event of a SUCCESSFUL well. A no-lose situation. To suggest they could lose 10% of Wressle is ignorant scaremongering.
Plus, your take being 30% COS. What do you base that on? Tealeaves?

Yanis, I suggest you watch the interview. I suspect it was done especially for you!