Reabold Resources Share Discussion Threads

[ileeman] 12/2/2018 17:31

Market sleeping.

"Colter Net NPV to Corralion: £153m (58% CoS)
Wick Net to Corralion: £126m (30% CoS)
Oulten net to Corralion (100% WI): £132m (64% CoS)
and Romania well alone worth 5p net to RBD"

[croasdalelfc] 12/2/2018 12:07

New faqshttps://reabold.com/investor-relations/faqs/

[soulsauce] 12/2/2018 11:04

Well the investment from Tune would suggest the capture of the Sarawak assets is not far away and could put a fire under the share price Very little in for assets given cash position.

Sorry for O\T.

[cashandcard] 12/2/2018 11:01

soul,


Not yet, but its very much on the radar.


Cash

[soulsauce] 12/2/2018 10:58

cash you in UPL? Very good value there and much more to come.

[ileeman] 12/2/2018 10:55

Fully funded and getting more exposure to Colter/Wick/Oulton.

Also drill on track.

No need for more cash and they have enough to bring in another asset if they want.

Remember BMD article stating a placing was coming, conman.

[cashandcard] 12/2/2018 10:46

That's a good, reassuring update. On with Colter and Wick.

This is the time to be buying.


Cash

[soulsauce] 12/2/2018 10:36

Why would Corallian farm down to 25% and then look to increase it back to 40%, do they have a lot more confidence now the Upland guys have given the seismic the once over? Hmmm!!

[croasdalelfc] 12/2/2018 10:12

RNS , Corallian will be fully funded for two wells

[soultrading] 11/2/2018 14:04

Small companies that are undervalued or at fair value and have potentially price increasing news due soon are always of interest. However, the biggest buying factor here is the rate of growth or rather the rate at which a company such as RBD can grow its profit and earnings. Getting in now before news puts this firmly on the radar of the larger investors who are likely to buy big chunks of the stock is key.

If our assumption that stake building is taking place then it seems perfectly logical someone is buying given the news and potential here.

[missjojo] 11/2/2018 13:24

Market moving news due.

[ileeman] 11/2/2018 11:53

Not suprising.

Colter is offshore, adjacent to the Wytch Farm oil field, which has produced in excess of 450 million barrels of oil;

· A 1986 discovery well, drilled by BP, on Colter recovered 41.9 API oil on test from a 10.5m oil column;

· Since the 1980's seismic technology has advanced significantly such that Corallian has used modern techniques to merge and reprocess two offshore 3D seismic datasets which have enabled the identification of over 100m of mapped vertical relief up-dip of the discovery well;

· An appraisal well is planned to be drilled on Colter by Corallian (Operator) in the first half of 2018;

· Corallian estimates gross mean prospective resources of 30 million barrels of recoverable oil for the Colter prospect; and

· Corallian financial modelling based on the above prospective resources forecasts a gross NPV (10) in the success case of £255 million.

[soultrading] 11/2/2018 11:22

Did anyone else notice the stake building here last few days? Large buys following any sells of substance.

[1hopefultrader] 07/2/2018 18:15

Our system’s recommendation today is to BUY. The BULLISH DOJI STAR pattern finally received a confirmation because the prices crossed above the confirmation level which was at 0.5875, and our valid average buying price stands now at 0.5895.

Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.

[1hopefultrader] 06/2/2018 18:52

BULLISH DOJI STAR

[soultrading] 06/2/2018 13:37

I agree Simon. Very tempted to bring my average down and buy a few more.

[simonsaid1] 06/2/2018 09:47

Very envious of those getting on-board now. Amazing entry price, and fundamentals haven't changed a bit since a lot of us piled in at around .8p.

[5chipper] 06/2/2018 09:45

Managed to pick some up at 0.6p this morning.

Have researched this one a lot and really excited for the upcoming developments.

Shareholder register looks great which I feel is very positive for a micro-cap stock like this

[ileeman] 06/2/2018 09:35

Exactly Carrollians stake is funded.

They did state even after 3rd asset they will still be funded. Worst case they place to bring in larger 3rd asset, which is fine. The last two assets have added a ton of value to RBD which will come into play very soon.

[cashandcard] 06/2/2018 09:17

Its my guestimate that Colter is near enough funded going by the RBD, UJO numbers. The only anomaly is Corfe and how they fund their interest, but that's not our immediate concern.

I would not rule out a raise at some point for a new asset, which I would welcome.


Cash

[ileeman] 06/2/2018 09:09

Nice.

Just as we thought.

Once people clock on to that then you would expect buyers to come back in.

[1kiwi] 06/2/2018 00:42

Post C/O Riddlers on lse

Email from RBD Camarco concerning rumours

"Thanks for getting in touch. By way of introduction we work with Reabold on their PR and IR requirements.

In answer to your questions, Reabold is not liable to further drilling and operational costs. It is an investor in upstream oil and gas companies, not a joint venture partner and as such, does not need to add further funds once an AFE is submitted.

To that end, Reabold's investment in Corallian Energy has progressed the well costs to the point of it being drilled. Therefore the Colter well has been entirely funded and is on schedule for it's original drilling of H1 2018 - there has been no change in this.

The company has no commen in regards to the media speculation that it requires further funds to drill Colter because quite simply - it does not. "

[croasdalelfc] 02/2/2018 08:02

The Upland resources farm in at Wick is confirmed as environmental survey completed

[croasdalelfc] 01/2/2018 13:59

The £1m is only paid when expenditure is approved for the drill and it has to be prior to 30th April.