Member Info for Uggy100

They might know the api of the oil but we've never been told which pee's me off a bit. I find it incredible that we're told so little tbh. We shouldn't have to glean info from the Rathlin liason committee notes.

Not wishing to be the devils advocate but the consultation couls just as easily get drawn out. We just don't know.

I do actually agree with some of what PDMS says but also think he may overexposed here. To be honest many people invested in RBD because thet believed in the business model & have accordinly been let down, always raising at a higher level etc. That no longer the case is it.
They have taken an uneccessry gamble on WN imo if it pays off all well & good but the whole objective originally to give investors the opportunity to invest on a somewhat lower risk basis compared to where we find ourselves now. In many ways they have broken a deed of trust with pi's & indeed with .II's too. Chrishutch you're clearly trading this share, I'm not & I have every right to feel let down by the management

NPV numbers don't mean to much on an asett which I hope will be sold once fully appraised which is the chuckle bros mantra. Get it to market & sell for about $10 per bbl recoverable. Any further raises should be frownes on & in the event of a consolidation I'll bug out after asking the BOD to resign as for AIM stocks it's the kiss of death. I remain hopeful on the fundamentals but am finding Batman & Robin somewhat lacking. Time will tell, they have lied in the past & likely will do so in the future re timeframes. Thats my worry(issue I'm afraid.

Chris whilst i hope its a $1 mill field it is , at this stage, only potentially so. There's lots of work to do yet to prove it up. According to BMD the request for a variation to install an ESP only went in a few days ago, why wait so long ? They knew in August we were going to need one, a point RBD decided not to mention.

Very disappointed with the Cali numbers. 300 bopd gross so 150 net to RBD ? Monroe swell wells must shockers, no wonder they kept quiet.

nEWS FLOW ? iN THE CASE OF rbd i WOULD BE MORE TEMPTED TO SAY NEWS BLACKOUT.

Simon
All jv partners were fully funded to the EWT, that's a fact. As soon as they decide to go gung ho with a programme for 2020 they would need to show evidence of affordability to the OGA. Hence the fundraising which, in itself, would have delayed matters despite RBDs assertions to the contrary. It was an unnecessary raise at the time which has hurt pi's, and exposed us to dilution & unnecessary additional risk. Raising after the EWT would, imho, have resulted in capital being raised at a higher sp & us being further down the path.

Whichever way you look at it the Rathlin update was rubbish & tells us nothing. If anything it points to nothing happening imminently i think.
All the jv partners should be ashamed for carrying out an unnecessary fund raise last November I'm afraid which has further tarnished the credibility of the companies. Confidence is now in tatters.
No doubt I'll be abused by rampers but so what
I'm a holder with a fair chunk invested & have every right to voice my displeasure here.

Agreed Grewber, complete waste of time.. If anything it saying it's still a wah off.

I can't see it being anything to do with WN, not enough action with the UJO sp. Certainly seems like a "change of ownership" not a bad thing if we've cleared out a seller as PDMS says.
TR1 due ?

GreyPanther

We never really got a great deal of info on the Corallion drills but I would imagine Perenco would be interested, however with so much work left to be done on Colter I doubt they'll be prepared to pay much for it I'm afraid.

I don't know how to put a value on Colter anyway, haven't got a clue.

Yes but I can't see them getting much for it.

GreyPanther
Interesting, it's a shame UJO & RBD didn't issue a similarly worded RNS ages ago.

It's gonna be what it's gonne be. Personally it's all good.
PDMS your .12 ot lower entry point is looking less likely & from the way you have conducted yourself recently i HOPE THE SP SHOOTS UP & YOU MISS OUT.

It would also be nice to hear an update on Monroe too. Been very quiet on that front.

Well Dundas has suffered delay after delay since I invested RM' timelines then proved to be absolute garbage. Still it appears we are getting there.
Question, when we finally get to the public consultation how long does it take to (hopefully) get tet the monumentally delayed exploitatio license ? Until we get that I can't see how RIO will enter into any offtake agreement.

I'm not a fan of twitter, whilst I'd like to believe Lees tweet the Mm's seem underwhelmed. We just have to wait for the RNS.

Pboo, do you know what they haven't ? No. You're just trying to wind everyone up with your constant drivel.