Reabold Resources Share Discussion Threads

[euclid5] 07/11/2017 14:40

it's on google - it's the licence we are taking a stake in

licence interest in P1918

[goldieshotz] 07/11/2017 11:32

Cashandcard, did you get that from twitter?

[cashandcard] 03/11/2017 09:04

"The initial £500,000 funding will include the cost of acquiring two new 2D seismic lines over the Purbeck Prospect, in order to complete the well design for the proposed California Quarry-1 well and also undertaking a Pre-stack Depth Migration reprocessing of two offshore 3D seismic surveys in the north of Block 98/11 acquired during 1992 and 1999.

The reprocessing of the offshore data will focus on the undeveloped Colter, Old Harry and Ballard Point discoveries. The largest of these, the Colter Prospect, is located within a fault block immediately to the south of the giant Wytch Farm oilfield. The 98/11-3 well was drilled on the prospect in 1989 by Gas Council (Exploration) Ltd and encountered a 10.5 metres vertical oil column in the Sherwood Sandstone with an oilwater-contact at a depth of 1,739 metres sub-sea. Reservoir quality is very similar to that observed in Wytch Farm"



If successful, I wonder if they'll go after the other 2 prospects in the license (old harry, ballard point)?


Cash

[dandadandan] 02/11/2017 11:04

Now Zak is getting the message.

hxxps://zakmir.com/2017/11/02/share-talk-request-show-ggp-rbd-thr-ukog/

All you need is patience.
Check your charts and watch that free float disappear....

Do not also forget that Colter is just 1 of 5 held by Corallian.

Watch out for a bigger European deal next, that is the rumour.

GLA.

[dandadandan] 02/11/2017 09:18

Colter adjacent to Wych Farm.

This must be worth a punt.
£255m Npv x 60% = £153m net to Corallian x 35.4% = £54m net to RBD
A nice pot of gold.

Deal 2 , which is likely to be better, is just weeks away.

Buying on the dips.

GLA.

[pre] 02/11/2017 08:26

Anyone seen the joint CEO presentation yesterday? Most impressive imo, huge potential here,dyor etc

[soultrading] 02/11/2017 07:28

This has HUGE potential. A window for first investment into PRIVATE COMPANY with a short turnaround time, high margin, low development cost. They already know there is oil there.

It is sat right next to an already impressively producing site. Stephen Williams and Sachin Oza record an interview stating that they are very excited and see huge potential, they also say they are going to be announcing further investments in the coming WEEKS and MONTHS. Exciting opportunities they said.

Look at the volume, made a new high again before falling back. The major shareholders list is impressive. IT IS A BUY at this level in my view.

It was even covered in last nights EVENING STANDARD.

- HIGH INVESTOR RETURNS - Come on - Do they need to press the BUY BUTTON for you?

[euclid5] 01/11/2017 21:21

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 GBP255 million.

RBD taking a 35.4% stake = 30mmbls x 60% x 35.4% = 6.4mmbls net to RBD

£255m Npv x 60% = £153m net to Corallian x 35.4% = £54m net to RBD

£54m / 1.541b shs = 3.5p Npv / share

[isaseeya] 01/11/2017 13:13

And back up it goes

[dudleym1975] 01/11/2017 12:38

Think the hype is almost gone with this one now

[dandadandan] 01/11/2017 10:21

My charts suggest back to 1.2p+ in the next few weeks.

Are they running short of stock???

Someone is holding these tightly.


GLA.

[dandadandan] 01/11/2017 09:48

youtu.be/dSjzyYD5c9Y

Check them out.

Exciting times ahead for pre cash flow O & G opportunities.

Investing in some low risks projects within the European area.
Do not get left behind.....

Follow the money.........

More deals to follow in the next few weeks.


GLA.

[the deacon] 01/11/2017 09:18

Private, unlisted, non cash generating asset. One day Rodney..

[pre] 01/11/2017 08:37

Reabold Resources deals into South Coast oil drilling
Share
08:18 01 Nov 2017
The Colter exploration project, off the south coast, near Wytch Farm, could contain around 30mln barrels of recoverable oil.
Offshore oil drilling
Drilling is slated for the first half of 2018
Reabold Resources Plc (LON:RBD) has dealt into an offshore drilling project, off England’s south coast, which is expected to see a well in the first half of 2018.

The company is to invest £1.5mln into Corallian Energy, to take a 35.4% stake in the privately owned UK oil firm.


Corallian holds five licence interests in the UK, including a 60% in Colter exploration prospect which is located offshore in close proximity to Wytch Farm, Britain’s largest oil field which has so far produced some 450mln barrels of crude.

Colter was confirmed as containing oil with a British Petroleum (BP) well back in 1986, and by using contemporary seismic technologies a new area of interest has now been identified in an ‘up-dip’ location.

It is estimated, by Corallian, that Colter could contain around 30mln barrels of recoverable oil and the success case has been estimated to be worth some £255mln.

The deal follows the appointment of joint chief executives Sachin Oza and Stephen Williams to Reabold in October.

Reabold’s new bosses, in the statement’s joint-comment, said: "We are delighted that the first project since joining Reabold is something as exciting and impactful as Corallian's five UK licence interests and in particular, the Colter appraisal well.

“We look forward to continuing to work closely with the Corallian team.

“This is an excellent time to put capital to work in high quality oil & gas projects, and we continue to assess a number of opportunities.”;

[pre] 01/11/2017 08:35

Transformational news here as nice strategic move imo:

extract from today's rns makes very interesting reading, no wonder the excitement:


Highlights - Corallian's Colter Project:

-- 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 GBP255 million.

Stephen Williams and Sachin Oza, Co-CEOs of Reabold, commented on the Investment, "We are delighted that the first project since joining Reabold is something as exciting and impactful as Corallian's five UK licence interests and in particular, the Colter appraisal well. We look forward to continuing to work closely with the Corallian team. This is an excellent time to put capital to work in high quality oil & gas projects, and we continue to assess a number of opportunities".

[dudleym1975] 01/11/2017 08:00

The latest ramp from twitter brigade

[2prsimo] 01/11/2017 07:37

a bit underwhelming imho

[ozzm0ziz] 01/11/2017 07:24

Are we sleeping on here? RNS out!