Reabold Resources Share Discussion Threads

[pistonbroke1] 20/2/2018 14:49

Yep just taken another 511K myself

[jasonsd1970] 20/2/2018 11:40

All good things come to those with patience; if you have spare available would be loading up when you can, took another 500k at these ridiculous levels this morning

[soultrading] 20/2/2018 11:35

Broker target before we even had some of the drills.

MADNESS : Only place in the world where products go on sale and we sit here wishing they were higher?????????????

[ileeman] 20/2/2018 10:21

Recent conference call from UOG stated Colter have all permissions needed to drill, last permission is rig check/sign off and thats it.

They also stated they have a rig ready to go.

Crazy price down here but thats the markets. I think once we see the next RNS on increased stake and we got a good price this starts moving, rig news will also ignite this.

I think once this gets going there will be no stopping it, just as we saw with UKOG drill the whole market will go nuts about it + the media.

[cashandcard] 20/2/2018 10:01

simonsaid,

That's a fair point. I should have stated, it was objections the council may raise as its not far out from the beachfront - but you are right, it does not need permission from council. True, UK councils do not own mineral rights along their coast, that's crown estate, who charged its regulatory framework to DECC, subsequently OGA.


Cash

[simonsaid1] 20/2/2018 09:51

Not true cash, this is an offshore drill and therefore only requires permission from the Oil and Gas Authority. The councils don't own the sea! Perhaps before answering investor questions check the company's own FAQ:

hxxps://reabold.com/investor-relations/faqs/

'The drilling of Colter is an offshore activity and is therefore liable to regulations imposed on it by the Oil and Gas Authority. The regulatory environment is very different from that required for an onshore well.'

They have also confirmed as much in multiple investor communications.

[cashandcard] 20/2/2018 08:43

Needs permission from Pool and Bournemouth council, but I don't see that as too much of a problem.


Cash

[duckdown] 19/2/2018 19:20

Guys is the Colter drill a definite or reliant on consent from the local authority?

[dandadandan] 19/2/2018 16:34

Well said Malcy.

Now what about the fake RBD news brigade.
What will they try next?

GLA.

[soultrading] 19/2/2018 14:03

Whiskey, Painkillers & Speed
‏
@FallujahRecover
5m5 minutes ago
More
Malcy on a heavily discounted #rbd raise.

"Absolutely no chance!"

Starts at 33.35

[cashandcard] 19/2/2018 09:53

iLeeman,


Agreed. Cannot wait for Colter ops to begin.


Cash

[ileeman] 19/2/2018 09:47

BOIL paying £840k for just 15% of Wick.

RBD paid £1.5million for 5 licences Colter/Wick/Oulton etc etc

Makes our deal look better and better.

[dandadandan] 19/2/2018 09:42

Baron Oil moving in as well.

It must be time to remove those rumours and prove you are worthy at RBD.

Watch out for the riggers moving in to Bournemouth.

Many know that the Weald also holds many riches which will gradually emerge.

They are all jockeying for a position.


GLA.

[croasdalelfc] 19/2/2018 07:44

Corfe have farmed our part of the Wick Prospect which means the drills are fully funded

[dandadandan] 18/2/2018 10:13

Dan Levi 31st Jan 2018.

Is that where the rumour starts?..

Get your facts right.....

GLA.

[dandadandan] 18/2/2018 09:52

Is someone starting rumours on LSE to hold this down?
They have over £2.7m in the bank by my reckoning.

Walk and talk before you run and prove your ability. Firm things UP.
(There are too many AIM companies with there will be more jam tomorrow, principles).

Even so, we are expecting an RNS soon on progress.

If they were to do another future placing ( it has not been long after that last one?), lets hope that they give the PIs and existing shareholders a chance to join in.
It would have to be something very special, IMO.
Check out Primary Bid and other crowdfunders for cheaper $$$$$$$s.

Funny how rumours start over the weekend, when everything is closed.

Watch this space.

GLA.

[turbotrader2] 17/2/2018 20:34

What's this placing malarkey

[isaseeya] 17/2/2018 16:59

Looks ready to EXPLODE somewhere between 2.7p and 9p :-) :-) ;-)

[dandadandan] 17/2/2018 09:12

Check them out here.

Unrisked 9p+




GLA

[cashandcard] 16/2/2018 08:45

Nick Rubens,


The main operations coming up in short term will be drilling of the Colter prospect. See post 315 above for detail. Its lower risk, high impact and perhaps one of the most exciting prospects to be drilled near-shore UK. I'm pretty certain, rig will be visible from Bournemouth seafront. Happening in H1.

Balance Sheet, they raised £5.72mln, of which £1.5mln was invested into Corallian (giving them an interest in Colter, Wick, Oultan and several other prospects). Recently, it was announced Corallian intends to increase its interest in both Colter and Wick, so it looks like RBD will have to spend a little more to maintain their stake in Corallian. Prospect is just south of the giant Wytch Farm oilfield, into which any development of Colter will almost certainly be tied into.

Then they invested £1.5mln in Danube Petroleum, with upto 4 wells to be drilled later this year, perhaps early next.

On the face of it, they look to have £2.72mln, which will reduce a little when they partake in the Corallian raising. But, leaving aside any further acquisitions, that's a decent cash position as running costs are low.


Cash

[nick rubens] 16/2/2018 08:26

Thanks for the feedback to both of you, just taking a more closer, in depth look.

[gibso6767] 15/2/2018 19:00

Nick RBD have cash at hand , no further obligations re work in hand and I doubt there are very few others with as many fingers in puddings ( substitute Drill pipe , BHA, Drillbit and High CoS Well to be drilled )

[jsforum] 15/2/2018 17:30

https://youtu.be/RoMMRQTzNr8

[nick rubens] 15/2/2018 12:55

Can anyone give a brief round up of what RBD have in terms of upcoming operations and how many of them and what the balance sheet is like ahead of them?

cheers NR