The one thing that is completely clear is that the JV partners should clarify the current situation. All of them are guilty of keeping us in the dark & is therefore intolerable. They need to pull their socks up.
RE: Investors losing the plot in here??!?04 Dec 2019 23:43
Not losing the plot here but RBD delivered an ongoing plan. notwithstanding that their projections were shot down by Rathlins disclosure to the liason committee within 2 weeks that refuted the timeframes, that's ****e & not good enough. At no stage have our BOD updated us since. PI.s have been substantially diltuted as a result of the "bookbuild".
I read CJ's blog but he tends to get a bit carried away. I saw the video of the flare stack & I'm not sure there was smoke it looked like heat haze distorting the background but the clip was poor quality. As we now know that the oil will need an esp to lift it how could the oil have reached the flare stack or am i being thick ?
From rns dated 3/12/2018 Completion of the deal was conditional on, inter alia, Connaught Oil & Gas Limited ("Connaught") agreeing to settle a liability of £33.8 million owed to it by Rathlin and the finalisation of a farm out, by Rathlin, of Licence PEDL183 (onshore UK) to Union Jack Oil plc ("Union Jack") and Humber Oil & Gas Ltd ("Humber") (the "Farm Out"), resulting in Rathlin retaining a 66.67 per cent. equity interest in Licence PEDL183. These conditions have now been satisfied.
RE: The only thing keeping me in here02 Dec 2019 17:41
Without question S &S are treating us poorly. They're guilty on 2 fronts, complete rubbish on timeframes (just lòk at the corporate presentation for project Wallace) & maintaining radio silence on Cali, whathe f##ck is going on ? As for their podcasts what a waste of time. They've treating shareholders with total disregard.