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[jungmana] 01/8/2018 12:48

5p and I may hand in my resignation letter.Good luck to us

[jungmana] 01/8/2018 12:41

Excellent summary there Simon. I couldn't have said it any better.

[tewkesbury] 01/8/2018 12:40

Our Colter interest (to be drilled later this year) looks very interesting with Brent Crude around $70 instead of the $55 assumed below and breakeven at $18.


"Reabold has a 32.9% interest in Corallian Energy, which has a 51.67% interest in the high-impact Colter appraisal opportunity, offshore Dorset, UK.

Colter lies adjacent to the highly prolific Wytch Farm oil field, Europe’s largest onshore oil field which has, to date, produced more than 400 million barrels of oil.

A 1986 discovery well, drilled by BP on Colter, recovered 41.9°API oil from a 10.5m oil column. Recently merged and reprocessed 3D seismic data has identified over 100m mapped vertical relief up-dip of the discovery well. Corallian estimates a gross mean prospective resource of 30 million barrels of recoverable oil in the Colter appraisal opportunity, with a gross NPV in the success case of £255 million.

Reabold believes that the location and nature of the asset will result in highly attractive economics, with a low development cost, fast payback and a very low oil price breakeven.

In line with Reabold’s communicated strategy, Colter’s near-shore location ensures a highly cost-effective development plan with a net success case NPV of US$132 million, assuming a US$55/bbl oil price.

Payback is expected to be within 16 months following first oil with a highly robust economic breakeven of US$18/bbl.

The Colter appraisal well is intended to be drilled in H2 2018."



Nov 2017:

[simonsaid1] 01/8/2018 12:34

California workovers in progress and drills coming. All very fast due to crews being very experienced there and wells quite shallow. Very much imminent.

UK drills on-course and good signs emerging such as EA amendments (usually precede signoff) and rig arrangements.

Romania still the big cahuna, co-CEO's favourite and again, previously tested assets, excellent chance of a strike on both wells. These would be the biggest of all the above by some way.

And yet... several million still in the bank for new projects, and very limited cost obligations for the above as RBD are in most as investors only, not farmors.

Despite all this the market cap remains under £30m. Roll on 5 months of 6 drills!

[1bluehorseshoe] 01/8/2018 12:34

Worth a readhttps://corallian.co.uk/

[theaviator] 01/8/2018 12:33

Once we clear 1.10 on the chart we are off to the races. Yep, I aint the most patient of punters Lee but this is for the SIPP. Brokers target is 9p remember.

[ileeman] 01/8/2018 12:30

I want to see 1.5-2p+ pre colter/wick but if a UK drill hits then you can expect a similar rise to UKOG although without all the BS. Top BOD.

[ileeman] 01/8/2018 12:28

Great move, not unexpected although was a long time coming after holding for almost a year and seeing the potential in 2017.

1p will get tagged today and no reason to sell a bean. When you know you are right hold out for the big gains. Patience pays.

[theaviator] 01/8/2018 12:27

A wee read for any new investors and those not familiar with what will be going on in Bournemouthhttp://www.bournemouthecho.co.uk/news/16330212.oil-firm-fully-funded-to-drill-studland-well-later-this-year/

[lw425] 01/8/2018 12:26

This does appear to be the real deal.

[simonsaid1] 01/8/2018 12:23

Great graphic from this chap.

[theaviator] 01/8/2018 12:23

Wind it in you two. No need is there.

[simonsaid1] 01/8/2018 12:05

Approximate mcaps:

1p = £32.5m
1.5p = £48.7m
2p = £65m
2.5p = £81.3m
3p = £97.56m
4p = £130m

Nothing there is particularly ambitious with just a few drill strikes from the large number of drills planned. Feeling very good here.

[1bluehorseshoe] 01/8/2018 11:44

Must be a newbie

[shutittrev] 01/8/2018 11:41

I'll decide which posters to read, nuggit.

[1bluehorseshoe] 01/8/2018 11:36

Any newbies here, read Simon Said and iLeeman posts, some here are not to be trusted

[tewkesbury] 01/8/2018 11:34

Bought a few more.

4 well workovers (2 already successful and put on production), plus 6 new wells this year still to come. All fully funded.

Fantastic value being unlocked.

[jungmana] 01/8/2018 11:30

Lol! Who are you ? Trump? Waste of my time and spoiling this thread for everyone. Apologise to others . Let's get back to RBD.

[1bluehorseshoe] 01/8/2018 11:26

Kid? You clearly don't know who I am.

[jungmana] 01/8/2018 11:23

Kid, you want a tip on my next one? PMG

[1bluehorseshoe] 01/8/2018 11:19

Pmsl. I guess you can't help yourself

[jungmana] 01/8/2018 11:18

Nice to see 1p offer. As I said a few weeks back my end of year target is 3p and that's conservative. This one and i3e are my biggest holdings.

[1bluehorseshoe] 01/8/2018 11:12

Why? My level lol, you mean rise. Now get on with your puzzle before matron catches you