Member Info for Simon64

Uggy I know dude, but the wind is blowing in our favour.

i am not sitting on large paper losses my breakeven is .20, thanks to you ******s , but i can assure you i will not be selling until w.n is proved up.

expect some very large buys from the open over the next two days you little catamite.

You have a mental attitude alright, but there is nothing positive about it, you need a padded cell you can share with you alter egos

Well seen as you are not invested, just like your two other C*ckhead aliases, strangely I find I have a right to support a company that I have invested scores of thousands so just go away you little r*nt boy and go back to what you do best.

I agree the two directors should be with you in a dive bar selling their Ars*s to pay back shareholders, but life is never fair.

I have been here for over seven years .

So you and your fellow anchor's can do one.

For another time we are going to move sharply higher.

No more like this for us holders.

https://www.youtube.com/watch?v=8Pa9x9fZBtY

and for you

https://www.youtube.com/watch?v=q4g5kX12ais

That is why people know you are disingenuous as you never admit to the lies or mistakes you will never answer simple questions, never admit when you were wrong etc.etc.

This is going alot higher over the next day or two.

Oh dear. We are blue.

Watch what happens next you nutter (who holds no shares).

For observers once the Shell money comes in on Friday H and KS will disappear into the ether.

Best time to buy is when the de-rampers become hysterical and post day and night.

“to be fearful when others are greedy and to be greedy only when others are fearful.”

I am confident in my investment.

Now just do one you unwanted ginger creature.

I would agree with that Uggy.

As you can see why someone would love to grab the company on the cheap and spin off all the assets, the current S.P is a joke.

I have deliberately ignored Daybreak as it is a train wreck and the deal was brokered by the chap who wants to take over the company and owns 40% of Daybreak.

Greater West Newton Area

In addition to the West Newton discovery, the PEDL183 joint venture has recognised multiple look-alike opportunities across the licence, providing significant follow-on potential for a development at West Newton.

These anomalies are:

Ellerby

Spring Hill

Withernsea

It is estimated these prospects contain a further c.360Bcf of resources and each have a 43% geological chance of success.

The Company anticipates that the significant learnings from the West Newton exploration program around drilling and completion techniques can be further leveraged at these targets which, if successfully tested, could be tied into West Newton infrastructure.

Reabold North Sea Portfolio

NORTHERN AREA LICENCES

SOUTHERN AREA LICENCES

Licence Overview Map Updated July 2023 002

Northern area licences

Reabold is Licence Administrator for three licenses in high-impact areas in the UK continental shelf.

Inner Moray Firth (Licence P2478) – 36% working interest

East Shetland Basin (Licence P2504) – 100% working interest.

West of Shetland (Licence P2605) – 100% working interest.

All three operated licences are located near existing infrastructure or analogue fields. There are significant prospective resources and opportunities to create value. The Company believes that the prospects represent low to moderate geological risk with relatively low drilling costs and are strong candidates for farmout opportunities.

N North Sea Updated July2023

Inner Moray Firth (Licence P2478) – 36% Working Interest

Dunrobin West Prospect

Estimated prospective gross Pmean recoverable resource of 71 Mbbls of oil in Jurassic with a 34% chance of geologic discovery (Pg) per the CPR

Scoping Pmean economics suggest a gross unrisked NPV10 of £691 million (£249 million net to Reabold), based on an oil price of US$70/bbl

Dunrobin Central & East Prospect

Estimated prospective gross Pmean recoverable resource of 22 Mbbls of oil in Jurassic reservoirs with a 31% Pg per the CPR

Scoping Pmean economics suggest a gross unrisked NPV10 of £170 million (£61 million net to Reabold), based on an oil price of US$70/bbl

Triassic reservoirs provide upside in both Dunrobin West (gross Pmean 45 Mbbls, Pg 12%) and Dunrobin Central & East (gross Pmean 22 Mbbls, Pg 14%), both from CPR

Initial scoping indicative drilling cost of £8.6 million gross, to test both Jurassic and Triassic targets

Golspie Prospect

Estimated Gross Pmean prospective resource of 14 Mbbls in Jurassic reservoirs with a 27% Pg per the CPR

Scoping Pmean economics suggest a gross unrisked NPV10 of £88 million (£32 million net to Reabold), based on an oil price of US$70/bbl

Triassic upside unrisked prospective gross Pmean recoverable resource of 23 Mbbls with a 12% Pg per the CPR

East Shetland Basin (Licence P2504) – 100% Working Interest

a) Jurassic oil play: Oulton oil discovery and Oulton West prospects.

Oulton Oil Discovery (P2504, Block 3/11a)

Oulton West Prospect (P2504, Block 3/11a)

b) Eocene Frigg gas play: Oulton West Ecoene prospect exhibits seismic amplitude anomalies analogous to the nearby Nuggets Fields

West of Shetland (Licence P2605) – 100% Working Interest

Laxford Gas Discovery

Scourie Prospect

Southern area licences

In January 2023, Reabold completed the acquisition of Simwell Resources Limited.

The work undertaken on the Simwell Southern North Sea licences provided the Company with valuable data and added to our understanding of the Zechstein play, which is fundamental to our West Newton and Crawberry Hill assets onshore.

The Company has retained the P2486 licence from the Simwell acquisition as the operat

Note the last words in the last paragraph.

Reabold has invested a total of £5 million in Danube Petroleum Limited (“Danube”) to date, for a 50.8% equity interest.

Danube has a 100% interest in the Parta exploration licence and Iecea Mare production licence in Western Romania, which includes the IMIC-1 discovery and the IMIC-2 prospect.

As announced on 9 September 2019, the IMIC-1 well was successfully drilled and evaluated, encountering gas across three zones with a 20 BCF 2C contingent resources estimate.

Parta 1

Danube continues to seek further industry funding through farmout discussions with third parties for both the exploration area (Parta) and the production licence (Iecea Mare) for infill opportunities. A number of very low risk oil and gas infill and side-track opportunities have been identified within the licence area. The operator has also commenced investigating geothermal opportunities within its Parta Exploration and Iecea Mare licences. The very high geothermal gradient (6 degrees/100 meters) in several parts of the Parta licence could make electric power generation from geothermal energy feasible and given the very high trends in electricity prices highly economic. The operator has been approached by several local communities in relation to geothermal projects mainly for district heating, given its drilling experience and extensive 2D and 3D seismic database in the area. This energy source is expected to receive increasing investment funding in Romania from the EU.

Permits being granted for the Colle Santo field development. This is at a time when there is an increased focus on energy security in Italy and a more favourable regulatory environment.

Happy days.

Yoiu got to be in it to win it.

It even better for Colle Santo they will be producing by next year and it is bigger than West Newton.

See the latest.

Reabold owns a 18.4% equity interest in LNEnergy.

LNEnergy is a private, UK registered company with extensive industry experience in Italy.

LNEnergy’s primary asset is an exclusive option over a 90% interest in the onshore Colle Santo gas field in Abruzzo, Italy, discovered in 1966.

Colle Santo is the largest onshore proven undeveloped gas field in mainland Western Europe with 65Bcf of gross 2P reserves (RPS estimate, September 2022)

The project is development ready, subject to permits: two wells have already been drilled and no additional drilling is required

The project is a low risk, small scale LNG development concept, with first gas targeted for 2025

The increased investment in LNEnergy supports the development, engineering and approvals process prior to debt financing to bring the project to first gas.

Colle Santo has the potential to generate an estimated €11-12m of post-tax free cash flow per annum according to LNEnergy Management estimates, at 9 mmcf/d sales gas and €45/MWh.

The Colle Santo gas field – project overview

Colle Santo is a well-appraised field ready for development

Seven out of eight wells drilled have produced gas during testing

The field is covered by 2D seismic shot between the 1960s and 1980s, with good well control

Two wells (MP-1 and MP-2) have already been drilled and are ready for production. The wells have a combined test rate of 20.5 mmcf/d, and minimal geological risk.

The LNEnergy project page can be accessed through the following link: www.sviluppocollesanto.it

Colle Santo

Gross reserves: RPS Energy CPR, October 2022

Sales gas (Bcf) Sales Gas (mmboe)

1P 56.8 9.5

2P 65.3 10.9

The development plan

The development plan for Colle Santo will produce small-scale LNG in conjunction with proposed contract operator Italfluid, to produce initially at 10 mmcf/d from the existing two wells with 20+ years of ultimate production. Italfluid is a private Italian, integrated EPC contractor with 45 year industry history. Italfluid will build and operate the plant and provide the LNG equipment for up to 48,000 tonnes per year.

The LNG will be trucked a short distance (7 km) to an entry point into the SNAM transmission grid and there will be on-site CO2 capture of 1,400 tonnes CO2 equivalent per year.

Colle Santo is a well invested, proven discovery gas field ready for development. Historical operations were suspended due to the unpopular large footprint development plan.

The approval process

The previous development concept (2016) involved a large footprint that was unpopular with the local community. The revised small-scale LNG development has smaller land footprint and strong environmental credentials. The project has strong environmental credentials, including CO2 capture and hydrogen production.

Reabold has undertaken significant due diligence work,

One Uggy for W.N B

See below their latest update and for any newbie investors this where we are at present.

REGULATORY UPDATE

On 23 August 2023, the Environment Agency (EA) issued the variation of the permit for the West Newton A wellsite which was applied for in July 2021. The variation of the West Newton A permit provides for the production of hydrocarbons as well as the drilling of the six additional boreholes and includes the use of oil-based mud within the Permian age formations at the West Newton A site.

A minor variation to the West Newton B permit, to provide for the use of oil-based muds within the Permian formations, is currently being reviewed by the EA.

OPERATIONS UPDATE

Plans for the proposed horizontal well from the West Newton B site are underway.

Well path selection and the engineered well design have been completed. Wellbore casing has been purchased and Rathlin Energy (UK) Limited has approached drilling rig and other key rig service contractors to determine their availability.

Commencement of operations are targeted for first half of 2024 subject to approval of the pending Environment Agency permit for West Newton B and rig availability.

FIELD DEVELOPMENT

The 2022 Annual Digest of United Kingdom Energy Statistics (DUKES) figures recently released by the Department for Energy Security & Net Zero show that the UK still has continuing dependence on hydrocarbons and imported energy.

Natural gas made up 38 per cent of total energy demand* and close to two thirds of domestic (household) demand* in 2022. Natural gas continues to play a very substantial role in the UK energy mix for electrical generation and domestic purposes.

Domestically produced natural gas is, and will remain, a much-needed part of the energy mix as the UK seeks to reduce its reliance on foreign gas, whether delivered by pipeline or as LNG in oceangoing tankers.

The North Sea Transition Authority indicates that domestic UK gas production has less than a quarter of the Emission Intensity of imported LNG*. This is particularly important, as the UK seeks to reach its Net Zero 2050 targets.

The West Newton discovery, along with the other prospects Rathlin Energy (UK) Limited has identified in PEDL 183, have the potential to provide up to 1 TCF of domestically produced natural gas within the immediate Humber area. The gas from the West Newton field could potentially provide locally sourced feedstock for the blue hydrogen developments being planned within the Humber Estuary.

The anticipated recoverable gas resource at West Newton will have the potential to meet the daily gas demands of over 380,000 homes in the UK for many years to come – based on OFGEM data indicating that an average three-bedroom UK home consumes 7.9 Kwh/day of electricity and 32.9 Kwh/day of natural gas*.