Reabold Resources Share Discussion Threads

[tewkesbury] 30/9/2018 11:03

Reabold (RBD):

1) Monroe Swell (California) - 4 well workover - 1 mmbo, estimated value to RBD $10 million:

- Completed Aug 2018 & all 4 wells put into production.


2) California (RBD 50% interest via aquisition of Gaelic Resources) (6 well fully funded drilling program):

- West Brentwood - 1-2 mmbbo - Venturini-Ginochio #3 well - Completed 30/8/2018 and put into production 20/9/2018 at >200 bbo/day + 60,000 cubic feet gas/day. Additional two wells planned for full development at the West Brentwood field.

- Monroe Swell - 3D defined, high-impact shallow prospects, 4 mmbo - Spud Sep 2018.

- Grissley Island - Gas prospects with 50-90 bcf recoverable - Spud Oct 2018.


3) UK (RBD 32.9% holding in operator Corallian):

- Wick (Moray Firth) - Spud Q4 2018.

5 km up-dip from Lybster field, which has been developed from onshore facilities. P50 Prospective Resources 50 million bbo and 26 million bbo recoverable oil equivalent.

- Coulter (Dorset) - Spud Q4 2018.

Adjacent prolific Wytch Farm (Europe’s largest onshore oil field) which has produced more than 400 million barrels oil. 1986 discovery well drilled by BP on Colter recovered 41.9°API oil from 10.5m oil column. Recent 3D seismic identified over 100m mapped vertical relief up-dip of discovery well. Corallian estimates gross mean prospective resource 30 million bbo recoverable oil, with gross NPV £255 million if successful. RBD believes location and nature give highly attractive economics - low development cost, fast payback and very low oil price breakeven. Net success case NPV of US$132 million, assuming US$55/bbl oil price. Payback within 16 months of first oil, with robust breakeven of US$18/bbl.

- Oulton (North Sea) - Corralian seeking farm-in partner.

Discovered by Amoco in 1974, reservoir with 41°API light oil, flowed 1,000 bopd. Low risk appraisal campaign - 64% chance of commercial success - CPR to independently audit the field underway. Semi-Sub will be used to appraise 20 million bbo recoverable in mean success case and P10 potential over 50 million barrels.


4) Romania (RBD 29% holding in operator Danube Petroleum):

- Parta - Spud Dec 2018.

Within proven and stable hydrocarbon region with existing infrastructure, low drilling and operating costs. Two well appraisal to test 33 BCF prospective and contingent resource. Each well will intersect at least two proven (tested) as well as prospective gas reservoirs, so offering low risk appraisal and exploration potential, and fast track to early cash flow from gas production. Robust at substantially lower gas prices, RBD attribute net NPV (10) in success case up to $86 million gross for multi-well development across both appraisal projects. Recent 3D seismic delineated considerable untapped gas resources of 33 BCF in primary reservoir targets, with additional exploration and appraisal upside on the block being considered. Danube consider further potential on Parta block to total 300 BCF un-risked gross prospective resources of gas and 45 MMbbl oil using existing 2D seismic data.

[jungmana] 29/9/2018 17:47

I think 3p is more realistic Xmas target. But on AIM anything is possible

[luckyman3] 29/9/2018 17:03

Which xmas will we reach 10p?
Maybe 1.5p this xmas

[tewkesbury] 29/9/2018 08:51

10p by Christmas.

[tyler90] 28/9/2018 16:37

Even if it does, the world will not end.Get a life!

[ileeman] 28/9/2018 13:07

Nice to see rigs booked. Tells us they are very confident is going to happen and happen soon.

More interested in Monroe Swell and Grizzly Island with economics being at brent. Mentioned last week Monroe drills in next few weeks so should be getting an update next week. All permits been signed.

Market makers gapped it up today above the M&G price. I managed to pick up a few sub 0.85p thinking about adding another batch if it gets there again, lets see.

[grannyboy] 28/9/2018 12:32

Well it's afternoon now..so i'l say afternoon ccr1958...sorry been out all morning..

[techtrend] 28/9/2018 11:13

ah OK ... thanks grannyboy

[ccr1958] 28/9/2018 08:37

Lloyds won’t let me buy this ,ffs, no kid document supplied. Morning granny .

[grannyboy] 28/9/2018 08:10

techtrend...They are waiting for permits on both of them,which are expected imminently, so it's a matter of which comes first.

[techtrend] 28/9/2018 07:59

Does anyone know if the company has RNS'd details of which well will come first, Wick or Colter?

[gibso6767] 27/9/2018 17:43

Well today’s results are , and will be so different from the next .

We are now a Producer and the next results will show this ie daily average production of particular assets .
Significant cash at hand , if being honest RBD have yet to deliver to shareholders .

Yes every dilution has been greater than the one previously and uncertain to how we are being valued ie is this £14million in the mix ?

There’s lots of hollering and whooping re ‘ Next Asset ‘ , yes admittedly we’ve yet to prove prior ones ie production of those online now but let’s see afterwards.

Very confident in Sachin and Steve and skin in game is evidential of this

[ken chung] 27/9/2018 07:54

Production is only at lifestyle company level and the company structure means they don't earn revenues direct so they need continual dilutive share issues to raise cash. Also Wick will most likely be a failure.

[ileeman] 27/9/2018 07:48

That is a huge cash pile.

Half the cap is cash basically. £31million mcap £14.3million cash...much more than I expected thought it was closer to £11-£12million.

[luckyman3] 26/9/2018 16:43

Suppose to be spudding Munroe swell in California next week as well.

[tyler90] 26/9/2018 14:04

Concensus amongst whom?

[ileeman] 26/9/2018 09:56

AIM might be having a bad week but oil and EU/UK gas have gone into orbit over last 6 months. If you thought RBD was cheap 6 months ago it looks insanely cheap now.

Monroe Swell field 4x the size of VG-3...Workovers + 3 wells on VG-3 + Monroe Swell it will not be long before we are producing 1000+ barrels just on Cali assets.

[ileeman] 26/9/2018 09:29

Added 500k.

No stock goes up in a straight line.

[ken chung] 26/9/2018 01:55

The consen

[steelwatch] 25/9/2018 23:31

Colter well site survey finished.

[luckyman3] 25/9/2018 18:51

Brent now $82 bbl
i hope we are not too long in drilling more wells