Reabold Resources Share Discussion Threads

[goodbloke1] 22/2/2018 14:08

Crazy valuation in my view when you consider the drills it's has exposure to!

[kingkongtimmo] 22/2/2018 12:40

Strange action today

[isaseeya] 22/2/2018 11:38

Good time to buy more

[kingkongtimmo] 21/2/2018 16:57

Added a mil in two chunks today. Will start to accumulate slowly as I don't think it's ready to move just yet

[ileeman] 21/2/2018 12:07

Worth noting the wedge breakout around this level, might need a few attempts but looks like it will break very soon.


free stock charts from uk.advfn.com

[oilbuy] 21/2/2018 12:04

Added 600k at .74p

[simonsaid1] 21/2/2018 12:03

Me too! Lol.

Important to stress that while Colter is near and exciting, there are at least 4 more drills already in the pipeline and more to come. This is a diversified play, with no debt, no drilling cost obligations, and cash on the books.

This is the kind of share I want my money in for 2018, no more getting stung by one-hit-wonders.

[ileeman] 21/2/2018 11:43

As always...I wish I bought more at 0.6--0.65p.

[simonsaid1] 21/2/2018 11:33

Cash, really enjoying your posts recently, sounds like you have a lot of O&G knowledge! Thanks.

[jungmana] 21/2/2018 11:33

Glad i had more of this at 0.64p yesterday. Very exciting share with colter drill to commence in april.

[cashandcard] 21/2/2018 11:27

iLeeman,

And the discovery was made 40years ago (poor prospect imaging and non-optimal well location), yet still flowed over 1,000bopd of 41api from the Jurassic emerald sandstones, that sounds like it was drilled on the flank of a reservoir.



Cash

[ileeman] 21/2/2018 11:18

'estimated to contain approximately 17 million barrels of recoverable oil'

Oulton 62% CoS?

[dandadandan] 21/2/2018 11:07

This share price is starting to find its feet, IMO.

About to shift UP a gear.

Market is gradually waking up to the charms of RBD.

I agree do not overlook the Oulton discovery as well as Parta.

GLA.

[simonsaid1] 21/2/2018 11:06

Indeed, Oulton is one of Corallian's projects, which we have currently a 35.4% exposure to (may well increase as we are participating in the current Corallian raise):

'Corallian has informed the Company of its intention to raise additional capital ("the fundraise") in order to increase its exposure to the Colter prospect from 40% to 50%, to increase its exposure to the Wick prospect from 25% to 40%, and to further progress additional assets including the Oulton prospect. Following the fundraise Corallian will be fully funded for all of this activity.'

[cashandcard] 21/2/2018 10:41

The last RNS update mentioned Oulton prospect, which I was not acquinted with until Euclid posted about it on another board. why it was called prospect I have no idea (its a discovery). Here is some info taken from Infrastrata website about license P222:


"Reservoir Formation
Jurassic Emerald Sandstone
Palaeocene Heimdal Sandstone (Concept)

Oulton Discovery : An up-thrown fault bounded trap, with predominant dip to the south east. The discovery was drilled in 1974 by Amoco and flowed light oil (41° API) on test, however, the evaluation of the drill stem testing, together with core analysis, concluded that the accumulation was sub-economic at the time. The well intersected a gross 123 feet of hydrocarbon bearing sand, interpreted to be of Middle Jurassic age. Reinterpretation of the local reservoir data together with new seismic interpretation of the Jurassic interval, points to a possible improvement of reservoir quality and thickness away from the discovery well.

The licence contains the undeveloped Oulton oil discovery (3/11-1 and 1ST) estimated to contain approximately 17 million barrels of recoverable oil. The discovery was made over 40 years ago by Amoco, and flowed in excess of 1000 barrels of 41° API oil per day on test from Jurassic Emerald sandstones"


Womack Prospect : The Womack prospect is an Upper and Middle Jurassic sandstone structural/stratigraphic trap located on a fault terrace between the Oulton discovery and the Cheviot field to the north. Success of the Womack prospect is dependent upon stratigraphic pinch-out of the Emerald reservoir section in the north of the prospect, trapping oil and preventing oil migration up-dip to the north into the Cheviot field. Whilst this trapping mechanism does present significant risk to the prospect, interpretation of the 2D seismic data set supports a likely pinch-out of the sand"


This could be a significant value driver if they firm it up for appraisal.



Cash

[simonsaid1] 21/2/2018 10:25

RBD now looking extraordinarily cheap, given these shares give you exposure to drills at Colter, Wick and 2 Danube Petroleum drills in Romania (probably the lowest risk of all).

And the story is now coming clear that all the placing rumours were caused by Reabold helping to raise funds for Corallian, rather than for themselves.

All shaping up rather nicely and very relieved I didn't cave and sell.

[duckdown] 21/2/2018 10:17

Well as I should be able to see the Bournemouth rig from my window I've joined in for the ride!

[ileeman] 20/2/2018 21:32

UOG and UPL all taken up strongly on Colter/Wick farmins but RBD yet to move.

RBD has a lot of exposure to all the UK drills, arguably the most exposure to the best one out of the lot Colter....58% CoS which has probably increased due to new 3D data and £255million NPV (total).

UK drills Colter - Wick - Oulton

Also Parta Q2-Q3 in Romania which is not talked about much is worth 5p to RBD and also has a very high CoS.

RBD is my largest position because it has very low risk plays but also very high NPV potential. I will be suprised if this doesnt multibag over next few months.

[cashandcard] 20/2/2018 21:03

Soulsauce,Welcome. Good to have you onboard.Cash

[spangle93] 20/2/2018 18:35

o/t - Hi Caters, did you get a mail last month or did the junk folder find it first. If so, then it has a friend there ;-)

[cashandcard] 20/2/2018 16:17

Agreed, Colter is a traditional sandstone play, similar to (but smaller than) Wytch Farm, not the unconventionals a lot of players involved in the weald basin are going for.


Cash

[simonsaid1] 20/2/2018 16:10

Important to stress that Coulter is a very different type of UK oil project compared with the Weald. This is a relatively conventional type of play, and in the appraisal stage, not exploration/discovery.

hxxps://reabold.com/projects/colter/

Furthermore, the company has 3 other drills already planned for this year (Wick, also with Corallian, plus 2 with Danube Petroleum) plus strong likelihood of another asset acquisition soon.

[pistonbroke1] 20/2/2018 14:49

Yep just taken another 511K myself