Reabold Resources Share Discussion Threads

[cashandcard] 02/9/2019 13:51

He has used the recent strength in share price to dump his holding. I don't have an issue with people making money in this game, that's what we are all here for. It how some do it, hype companies to high heaven while using the newfound interest and share price strength to sell into. Its not investing, just trading and an 'offload onto PI' strategy. I shouldn't really berate him, I guess there are worse out there. Some folk mug old ladies on the street for a living.


Cash

[jasonsd1970] 02/9/2019 13:22

He has his strict guild lines; he's not in it for the journey but his target, once hit he takes his coin and moves on elsewhere irrespective of the good news, imminent news etc good luck to him, RBD will soon be moving onwards and upwards

[ileeman] 02/9/2019 13:15

Yup market makers clearing Chris Oil another 10mil print, cant imagine he has/had much left.

[simon_64] 02/9/2019 13:10

Looks like the reptile is finally out.

[grannyboy] 02/9/2019 13:07

The company gave an estimated timeframe of 29 days for TD, which would be Wednesday , which could be the reason ADX have put an halt on their s.p.....

[gosoftly7] 02/9/2019 12:33

The original adx release gives 2600m as the target depth, latest release says target depth is 2500m.

Trading halt is definitely due to the drilling. Fingers crossed.

[wisteria2] 02/9/2019 12:14

how long before they drill the last several hundred ft to target depth ? another 10 days!

[grannyboy] 02/9/2019 12:04

Westmoreland lad...thanks..

[westmoreland lad] 02/9/2019 11:48

Granny

''Due to expected overpressure starting around 2400 meters (“the historic well blow out reservoir”) 7” casing is programmed to be run to a depth of 2350 meters TVDSS. The well will then be drilled through the overpressure zone in a smaller 6 ⅛“ hole size and will reach TD around 2600 meters ''

[simon_64] 02/9/2019 11:42

Leeman

I am in agreement with you.

Why would they deepen the drill if they were not confident ?

[ileeman] 02/9/2019 11:39

Yup cash usually a fund raiser but definitely due to drill this time round, could be negative could be positive but they did deepen it which looks good imo.

[grannyboy] 02/9/2019 11:22

"The pressure isn't at 10,000psi the BOP is rated to that"

Can't read the rns(pdf)on my phone so having to go by memory...

But why are they bothering to give the BOP rating, it's very rare they bother giving out the rating on them, plus if I'm not imagining it they have mentioned high pressure previously?

[theaviator] 02/9/2019 11:18

What would you think? You really need to ask that question? If it's an attempt at a deramp you need to try harder lolls

[jammydodger1] 02/9/2019 11:10

What happens if they say we thought it was oil but now not commercially viableWill the share price half thenGiven the price at present not looking good for rbd or ujo

[cashandcard] 02/9/2019 10:28

pistonbroke,

Well pointed out. A few more days and we'll know what the results are.


iLeeman,

Oz companies do have stricter reporting schedules and tend to have trading halts ahead of big news or fundraisers. Much better than AIM market.


Cash

[ileeman] 02/9/2019 10:03

Maybe they have struck oil, halt is in relation to drilling operations and looks like they increased depth of the drill slightly suggests they are on to something.

"SEEKS TRADING HALT PENDING RELEASE OF AN ANNOUNCEMENT REGARDING DRILLING OPERATIONS IN ROMANIA"

[pistonbroke1] 02/9/2019 10:03

The pressure isn't @ 10,000psi the BOP is rated to that.

[cashandcard] 02/9/2019 09:55

Very interesting if they are getting those pressures above the formation. Good job the BOP is on. The IM well has already delivered ahead of expectations. A final result will be achieved there in the next several days as they have less than 200metres until TD is reached. GB, you maybe onto it, they say this in the ADX log interpretation RNS;

"Based on the results in the IMIC-1 well together with offset well data the PA V interval can be interpreted as a condensate zone based on the mud log data or the gas cap up dip of downdip oil discoveries that have been confirmed to be productive"


Cash

[grannyboy] 02/9/2019 09:27

The update was from 1st Sept, 6am Romanian local time, they would have had a full days drilling since then.

In the Trading Halt RNS it states "The securities will remain in trading halt until the commencement of normal trading on Wednesday 4th September 2019"

The 29 days is Wednesday, I think the halt in trading of the shares is because they have strong indications of an oil find ?!!!!....

And the pressure at 10,000psi is intersting.

[ileeman] 02/9/2019 08:21

Looks like market makers still clearing Chris Oils overhang in both RBD and UJO, you would think cant be more than 5million overhang left on RBD.

ADX halt could just be another funding round.

[theaviator] 02/9/2019 07:06

https://www.asx.com.au/asxpdf/20190902/pdf/4484f9c0n4f559.pdf

[grannyboy] 02/9/2019 00:51

ADX rns, Day 26 since spud, ready to drill to TD...

[maxwell] 01/9/2019 19:15

If you intend investing then tomorrow should be it, although which will give the
greatest return ie: UJO (16.6% holding) or here??????? Any help appreciated.

[westmoreland lad] 01/9/2019 15:07

Re. Parta ---------------->

''Current Well Operations At 3.00 PM 28th of August 2019 Eastern European Summer Time (EESC) the 7” casing had been run and cemented in the well to a depth of 2335 meters MD. Future operations are the installation of the well head and blow out preventer before deepening the well. A routine Operational Update will be provided on the 2nd of September 2019''