Reabold Resources Share Discussion Threads

[alamaison5] 26/11/2018 10:17

And my dog at .95

[1hopefultrader] 26/11/2018 09:25

M&G bought in at .85p

[alamaison5] 26/11/2018 08:31

4 month later....still going down...poor you. Feel like been coned by these rampers?
You should.
Another 2,999,999,999,999,999,999,999,999,999 shares to be sold from the placing at .06p.
One duster and you dive to .045p. The holders from the placing will keep this down untill they're done. 12 month?
Good luck anyway.

[1hopefultrader] 26/11/2018 08:03

news this week

[soultrading] 25/11/2018 12:37

Significant rise in share price on the way.

[luckyman3] 24/11/2018 18:27

Remember that Reabolds share of West Newton if successful could be 8 million bbls of reserves.imo

[luckyman3] 24/11/2018 13:05

I believe that they are going to prove up Wick ,colter and west Newton then sell each one to the highest bidder.
They plan to keep the California assets for working capital in the short term. imo

[ileeman] 23/11/2018 16:43

Regarding placing comments they talked about this in a recent interview.

Along the lines of they are ticking the boxes of what institutions want to see as the company develops, they stated if they raise in the future it will be at a premium to the last and done by institutions.

Although you would imagine with california producing and Monroe/Wick/Colter they will not need any cash unless a fund wants in badly.

They dont need to hang about on assets they can just sell on.

[gunsofmarscapone] 23/11/2018 12:19

Divmad a year is just a blink as you know in E and P. I’m brand new here, Reabold have really hit the sweetspot with their acquisition timings imo. Patience comes easily for me however the various blunders over the years have not been due to lack of patience but primarily due to lack of understanding re complexity.

Investing is a real passion but often it is worth paying more for professional due diligence, if only indirectly.

LOGP is a similar proposition now, still medium high risk (GoM grading) but a Chinese company, APEC, allied we believe to CNOOC, has spent well over a year evaluating the Barryroe discovery: geologists, field development engineers, chemical engineers (wax control), energy economists, petro-physicists, political consultants, international lawyers and the tea lady.

Just an example but how many numpty junior oiler PI’s like us can cope with any of the above?

That the arriviste E and P’s are paying a healthy premium for their Wick/Colter exposure evidence of great business imo. From an investors pov it certainly seems that the placings are over; probably.

[trulyscrumptious] 23/11/2018 11:49

From Malcy

Reabold Resources
Reabold has updated from California where it is planning another well at the Monroe Swell field, drilling an existing well bore to target an untapped part of the field and to extend it. The well should be on the move after the Thanksgiving weekend and on site ready to drill in 7-10 days. After that the rig is to move to the West Brentwood field and will drill the Ginochio-2 well.

[ileeman] 23/11/2018 11:03

I agree divmad definitely taken longer than expected but they have built the foundations now so our patience should be rewarded very soon. Oil still in a long term uptrend a month or so of down days does not change that, RBD assets priced at $55.

[divmad] 23/11/2018 10:05

GoM, just for clarity, I am and have been invested here for well over a year now. Happy with the approach. Just frustrated we haven't made any headway in share price terms in a great bull market for oilies. So far, anyway!

[ileeman] 23/11/2018 09:41

Worth noting from recent broker note, CoS on first Monroe Swell drill is at 85%, 80% on 2nd West Brentwood drill aswell.

California assets being completely overlooked by market.

[luckyman3] 23/11/2018 07:48

Great time to be invested here.
A shot at 6 wells over the next 4 Months.
First 2 start in 2 weeks and only take 10 days each to drill

[gunsofmarscapone] 22/11/2018 19:34

Divmad, btw I like the idea of these very smart guys conducting professional due diligence for us on RBD projects. I haven’t got the training or mental capacity to handle more than four or five E and P’s.

They are pretty much all very complex entities to understand in my view. Plenty of empirical evidence for that given the outcomes for many junior oilers.

[trulyscrumptious] 22/11/2018 12:51

News at last, looks to be the start of a busy year ahead for RBD.

[nicosevos] 22/11/2018 12:14

:-))))))))))))))))

[ileeman] 22/11/2018 12:12

Also Wick and Colter should be approved any day aswell.

[ileeman] 22/11/2018 12:07

RNS

Well needed update to settle some jumpy peoples nerves, Site prepared with rig being mobilized so looking at Monroe drilling in first few days of December.

VG (2) being prepared also.

Nice

[bangbang1] 22/11/2018 12:04

RNS

NICE

[gunsofmarscapone] 22/11/2018 10:17

Ha ha thanks Divmad. I have a strategy don’t worry. Its fun actually, I have radically restructured my E and P portfolios and can now enjoy the game of risk managing virtually continuous wells now until 2021. Either that or go bust and take the £8.85/hour Aldi job.

Tbh it looks a very decent company to work for, the staff rotate continuously. Might even take it as an 8 hour week semi retirement job lol.

[divmad] 22/11/2018 09:27

I'd hold onto your logp shares, GoM. They will outperform this quasi-O&G investment trust.

[nicosevos] 22/11/2018 09:22

Can we just start, Monroe.....Please!

[luckyman3] 22/11/2018 09:13

6 Drills planned in 4 Months now that should be interesting.

[gunsofmarscapone] 21/11/2018 18:48

Agree with all of the above, I cannot find a small cap E and P with such excellent prospects (some via Corallian) and a very healthy cash balance in ratio to mcap.

Bought a modest quantity, may even bank some Logp profit and increase before the w/e.