Reabold Resources Share Discussion Threads

[divmad] 05/7/2018 07:45

Haven't peeps been saying that since the last placing but one?

[ileeman] 04/7/2018 18:49

New broker note out 2.6p share price target.

"we are now about to enter a period of back to back drilling news flow, with atleast 6 wells planned over the next 6 months"

[soultrading] 04/7/2018 14:02

Overhang cleared?????????? Ready to move up..

[soultrading] 04/7/2018 13:57

sounds a little spammy Costax

[costax1654x] 04/7/2018 13:35

HNR is a small mcap,producer,without debts,with a third party paying for drilling,and 2 wells producing....no dilution,and cash in bank....worth a look!!

[soultrading] 04/7/2018 12:23

Serious potential here especially given today's discount

[theaviator] 04/7/2018 12:20

Ammu, take it from uncle JJ (who you know is always right), if you do not get in here soon you will miss it. 6 drills! I will say again...6 DRILLS. Uncle JJ Christmas conservative target is 2.5p so listen for once and dont miss it.

[theaviator] 04/7/2018 12:11

Simon Ammu did the same on Ast. I stated all honestly there, where gaps were etc but he took it a step further suggesting crazy prices. He hasnt a clue mate so just ignore. Ther is always one I guess from the T20 club lol

[theaviator] 04/7/2018 12:08

Yep I added another 1.7ml also.

[simonsaid1] 04/7/2018 11:58

To add to my last post, the idea here is to use the test to prove the resource is viable. This makes the asset much more valuable, so the company can sell it on to somebody else to do the big horizontal drill to access it from onshore.

The economics here are clear in a success case, as a jackup rig appraisal well is relatively inexpensive and the value of the asset if proven up is significant. That is the idea here.

No one should be under any illusion that Colter is about some massive BOPD figure, that's not what this type of play is.

[dave19w] 04/7/2018 11:02

That is very helpful much appreciated

[simonsaid1] 04/7/2018 10:45

To anyone new here, the Colter rig is a quick jackup for around a month just to test the play. Regardless of success or failure, they will still plug and abandon, because the aim is NOT to pull up oil offshore like that. If it's a success, they will plug and abandon the well, and then access it horizontally under the ground from onshore.

As such a very small amount of drilling is required and a tiny volume of oil is moved to surface during the test (appraisal). This is why the environmental case is not a significant risk, and nobody in the know is concerned about permission. It's absolutely nothing like asking for a long-term offshore production drilling platform.

I hope this helps.

[dan1nat1] 04/7/2018 10:37

Sorry was supposed to be a thumbs up

[ileeman] 04/7/2018 10:28

Added 500k 0.65p gift, impatient hands to the patient hands. Strange time to sell given the news period we are entering but each to their own.

On a side note regarding Ammu it seems AAOG have YET AGAIN delayed the rig that makes over 10 delays since AAOG IPO, let me guess Ammu thats my fault lol Take you anger out on the board not me xD

[dave19w] 04/7/2018 10:24

So you mean temp as in temporary?

[simonsaid1] 04/7/2018 10:24

Lol @ Ammu. We get it, you have a personal beef with Lee. Is it really worth daily trolling this thread just over a personal grudge? Go outdoors, man!

[dan1nat1] 04/7/2018 10:19

dave see this link -



"Oza says the Colter oilfield will bring jobs to the area, and that the offshore rig will only remain in place for up to 45 days. The well will then be plugged and abandoned, and future development will be based onshore, with oil extracted horizontally from Wytch Farm."

[dave19w] 04/7/2018 10:13

dan1nat1 what do you mean by a temp rig?

[soultrading] 04/7/2018 09:46

mllions being bought 5vs1 likely to move up

[ammu12] 03/7/2018 21:13

That's what you think. I think there will a delay

[dan1nat1] 03/7/2018 16:57

It only requires a temp rig, so the permit should not be an issue.

[ammu12] 03/7/2018 15:52

No rig permit yet. Be careful here