Member Info for TradingLad

...8% on ADVFN

... bought a few at 10.9 yesterday... lets see if I'm going into the weekend with beer money or not

Wouldn't mind a top-up on this if it wasn't for that ridiculous spread.

"Biscathorpe well was completed 46 weeks ago!

EWT was suspended 19 weeks ago!

Wressel Public Inquiry concluded 9 weeks ago!"

Completely understand the frustration but I have 2 comments to this the first being "Parkinson's Law" and the second being "Bureaucracy", combine the two and you get the sentiment of it will take as long as it takes. :)

Ideally we want to see this online and producing before having to do a raise for Spain... Looks promising

The market could be looking at this and thinking "is RBD overstretched" and I think that will be the opinion until the business model is proved with the sale of a large asset... dare say we'll not be seeing the multi-bagger we are all looking for until the end of this year

At the last GM Stephen said Cali was entirely self-funding, so if we take that at face value it should mean when this well is brought on to production, it will be giving us a little bit of profit, I think it's a bit pathetic that not a single member of the board had the time to comment but at least it's some (positive) news and every penny counts when it comes to not reporting a loss in the financial year report.

A dividend would be nice, but I think I'd also like to see them buy back a couple of billion shares...

We're hearing the right noises, just need to see some meat on the bones now.

I just hope they now focus on the food they have on their plate now and not go out hunting for another "exciting opportunity", resulting in more placings!

Very happy with the RNS today!

Thanks for that kiss of death Persi, haha

"Persimmon I see the heavy oil that you were saying is worthless is starting to make us a little money in California? Do you ever have anything positive to say about RBD or are you a glass empty guy on everything in life? JB"

From what I read there isn't even a glass ;-)

joking aside I actually appreciate Persi's comments, stops the old confirmation bias kicking in completely

California will become more important the more wells they bring on, it's not a gusher but that doesn't mean it hasn't got its practicalities.

I agree that we have at least a year until we see this getting the traction that it deserves but do we really want it to garner traction on "fairy dust" It's a hold for me and will be for a long time. The news that we have gotten so far might not be startling but it's far from negative and I think that's what many people are forgetting, we are at the beginning of the middle stage (in my opinion) this company will see a rise when it turns over 10's if not 100's of millions in one fell swoop... Takes years to be an overnight success

"I agree, it is time we were given an explanation on timelines at WN." At the GM they Stephen said 9 months.

I'm not going to knock the pair, I think they have good ideas and think their intentions are on point however what I think their problem is, is that they don't know what they don't know, not trying to be facetious in that comment but having worked previously for years in O&G as a process engineer, the stuff that would bite me in the ass on big projects is the stuff you literally can't account for and I think that's what's happened here they bought one thinking it would run smoothe and then they'd flip it but all it takes is one domino to fall when you have the next must-have deal round the corner and boom you come to be where we are now. just my opinion not making excuses.

I can see exactly how you've come to your conclusions and for the most part, it makes sense. For me personally, I think so much feces has been thrown around about the WN site on here and UJO I wouldn't want to come to any conclusion without a confirmation RNS. If we'd all cashed in at the 1.4p mark we'd be having the time of our lives just now but as the old gambit goes "gotta know when to hold them, know when to fold them..."

PDMS, surely this would be the variance you'd expect to see on page 2;

The Operator has applied to make the following changes:
- Add an installation activity for the storage and handling of crude oil generated from well testing under Schedule 1 Section 1.2 A(1)(e)(i)

Well, this board has taken a real fall from grace.

I have to agree with the angry sentiment that most seem to have in relation to this share. However, I also have to think to myself, would any director on this planet have a big enough brass neck to actually go and do a fundraise of ~£24m knowing he had diddly squat? the rationale would dictate not. I'm fast running out of patience here, however, I'll be even more p*ss*d off if I don't hang on for the next 90 days to see what happens in the wake of an election result, EWT beginning at WN and a clear cut plan on Parta... nothing by March? i'll be gone.

Excellent news, unless of course, you own shares in them as well...