Reabold Resources Share Discussion Threads

[nicosevos] 09/9/2019 08:58

Cantor took the share price down, and Peel followed, both still have stock to shift....
And nither have been on the bid, so it's not churn,imo.
gla

[under the radar] 09/9/2019 08:52

Market doesn’t like the news as can be seen from the share price.

PRD starting wave 3 today just like I said.

GLA

😀

[grannyboy] 09/9/2019 08:52

Positive interview from the two ceo's...a disappointing muted response to the news, but guess the market have eyes only for the West Newton updates, which should make up for this mornings restrained response..

[ileeman] 09/9/2019 08:27

They keep derisking the company every step of the way success after success cant ask for more than that as a shareholder, shareprice will respond sooner or later.

New interview out.

Only talking weeks to West Newton flowtest and CPR shortly after.

[cashandcard] 09/9/2019 08:17

Well that's a result. Shame they couldn't evaluate the deepest zone, but hopefully they will in IM2.Overall, achieved alot more than what they setout for.Cash

[ileeman] 09/9/2019 07:50

Just goes to show how good Steve and Sachin are, keep picking winners no wonder Prudential keep throwing cash at them.

[ileeman] 09/9/2019 07:44

@ReaboldPLC

Co-CEO Sachin Oza comments “We see Romania as a significant source of opportunity, and the Parta licence provides Reabold with extensive running room for growth and further value creation above and beyond the near-term appraisal programme.” #RBD

[5chipper] 09/9/2019 07:44

c3 - 3.5m boe?

[ileeman] 09/9/2019 07:43

Very nice.

[jungmana] 09/9/2019 07:42

Sachin Oza, Co-CEO of Reabold, commented:"We are delighted that the discovery at IM-1 has exceeded expectations and should lead to a highly commercial development in the near future. This result bodes well for the testing of IM-1 and for the drilling of IM-2."We see Romania as a significant source of opportunity, and the Parta licence provides Reabold with extensive running room for growth and further value creation above and beyond the near-term appraisal programme."

[currypasty] 09/9/2019 07:33

Successful discovery in both the primary target and additional zones, with volumes substantially exceeding pre-drill estimates

[sharedgain] 09/9/2019 01:58

Results based Independent Petrophysics Evaluation and Revised Mapping.
Mapping of PA IV sands (appraisal target) as well as the PA III and PA V (new discovery zones) incorporating independently assessed petrophysical results from Iecea Mica-1 modern logs indicates 2C Contingent Resource of 20 Bcf compared to best estimate predrill appraisal resources of 6.1 bscf (2C) and exploration resources of 12.7 bscf (best technical prospective), i.e. a total unrisked potential of 18.8 Bcf

Good productivity for gas expected from 14.5 meters Net Pay with significantly better than expected porosity and permeability based on modern logs and petrophysical interpretation by Weatherford Atlas GIP SA for the Pa IV reservoirs (International Logging Contractor with extensive operating experience in Romania)
Excellent Economic Potential is anticipated for recoverable volumes exceeding 5 Bcf
For example 20 BCF resource development is estimated to have a value of US$ 40 million at a gas price of US$ 6 per mcf for Romanian fiscal terms.
Suspension of well deepening operations.

Attempts to deepen the well below the highly over-pressured zone at 2407 meters were not possible due to a combination of high pressure, fluid losses and well bore deterioration resulting in an unacceptably high risk of getting drilling string stuck in hole and loss of well control.

Due to success in the top hole ADX and its partner Reabold have decided not to compromise the successful Iecea Mica-1 well bore, avoid exposure to excessive costs and will test the deeper prospective exploration potential at a later stage.
Preparation of well for production testing.
The bottom of the well has been plugged and cemented in 7” casing to a depth of 2230 meters, below the deepest PA V pay zone.

The well will be secured and prepared for production testing with a cheaper work over rig in the near future.

Future well operations – circulate well to completion brine and install surface plug.

Considerable detail follows in the Operations Update, the above is the summary.

[grannyboy] 09/9/2019 00:59

ADX RNS announcement...

'Iecea Mica-1 well - results & Operations Update.

Panamanian New Discovery and Appraisal Sands.

Substantially exceeds Pre-drill Expectations ..

Well deepening suspended due to hole problems.

Well being prepared for production testing'

Can't read all RNS , as on mobile and can't read pdf reports fully.

[magnetformoney] 08/9/2019 18:33

Am gonna post you the trading for dummies book. Free rattle with it an all!

[under the radar] 08/9/2019 18:29

OK .. play time is now over I’m afraid 😭

I’ve had fun with my little puppet today and now it’s time for him to go back into the box.☹️

I pull your strings - don’t forget who’s the puppet master Coco 🤡


Bless your little cotton socks x

[under the radar] 08/9/2019 18:01

NOTE - There is a large surface oil seep around the TAF-1X well adjacent to one of the Jurassic leads

Also - BOD own 50% of the company so they Won’t want to dilute themselves.Their interests are aligned with ours. Massive skin in the game - not seen often on a small cap and that’s a fact!

[under the radar] 08/9/2019 18:01

Predator Oil & Gas Holdings PLC
25 April 2019

Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas



Predator Oil & Gas Holdings Plc

("Predator" or the "Company" and together with its subsidiaries "the Group")



Guercif Permits I, II, III and IV onshore Morocco Technical Update

Competent Person's Report





HIGHLIGHTS



· MIOCENE TORTONIAN AND TRIASSIC TAGI RESERVOIR PROSPECTIVE RESOURCES AUDIT COMPLETE



Competent Person's Report ("CPR") prospective resources audit SLR Consulting (Ireland) Ltd



· TOTAL NET AUDITED BEST ESTIMATE RECOVEREABLE PROSPECTIVE RESOURCES OF 474 BCF (943 BCF HIGH ESTIMATE) FOR THE "FIRST TIER" MIOCENE MOULOUYA PROSPECT AND THE TRIASSIC TAGI PROSPECT



· ADDITIONAL PROSPECTIVE MIOCENE GAS TRAPS



· 9 TRIASSIC AND JURASSIC LEADS



· NO TECHNICAL, CAPACITY OR GAS MARKET REASONS TO PREVENT COMMERCIALISATION OF ANY GAS FIND



Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company, with a portfolio of attractive upstream gas assets adjacent to European gas infrastructure entry points, is pleased to provide a prospective resources update on the Guercif Permits I, II, III and IV ("Guercif") onshore Morocco. Predator (75%) operates Guercif in joint venture with the Office National des Hydrocarbures et des Mines ("ONHYM") acting on behalf of the State (25%).

The Guercif area is located approximately 200 kilometres east of the producing Rharb Basin gas fields and approximately 100 kilometres northwest of the Tendrara gas project.

Following an analysis of existing 2D seismic and well data in conjunction with an appraisal of the gas market and the Company's project economics, Predator retained SLR to carry out a third party prospective resources audit (CPR) of the potential in-place hydrocarbons initially in the first tier Moulouya Prospect and the Triassic Prospect, in the Miocene Tortonian and Triassic TAGI reservoirs respectively.

SLR has reported that the Miocene Tortonian reservoir in the Moulouya Prospect has a Best Estimate gross gas in place of 646 BCF with recoverable Best Estimate prospective resources of 320 BCF net to Predator using only a 66% recovery factor (High Estimate 659 BCF net to Predator based on higher in-place gas).

Unrisked NPV per BCF of Miocene discovered gas is estimated by SLR to be US$1.95 million, generating an unrisked estimated NPV for the Best Estimate net Predator gas resources of US$624 million.

For the sub-salt TAGI reservoir in the Triassic Prospect, SLR has a Best Estimate gross gas in place of 515 BCF with recoverable Best Estimate prospective resources of 155 BCF net to Predator using only a 40% recovery factor (High Estimate 283 BCF net to Predator based on higher in-place gas).

Unrisked NPV per BCF of Triassic discovered gas is estimated by SLR to be US$1.34 million generating an unrisked estimated NPV for the Best Estimate net Predator gas resources of US$207.7 million.

The SLR total combined audited net Best Estimate prospective resources for the first tier prospects only are rounded down to 474 BCF (943 BCF High Estimate), representing an unrisked estimated NPV for the Best Estimate net Predator gas resources of US$831.7 million.

SLR report that similar gas plays to the Moulouya Prospect are commercial in the Rharb Basin where the discovery rate is "remarkably high". An active hydrocarbon-generating system is confirmed in Guercif for biogenic and thermal gas and is supported by the presence of numerous credible seismic amplitude anomalies.

SLR indicate that use of the 48" Maghreb-Europe gas pipeline ("MEG") to export gas is technically feasible and that there are no existing capacity, market or technical reasons why Predator could not utilise the MEG to commercialise any gas discovery in Guercif.

The in-country gas market includes the potential to sell to cement plants and local power generators. The Office National de l'Electricité ("ONE") is encouraging private operators to build and operate power plants to satisfy rising domestic demand and a number of such plants are to be constructed along the MEG, including Oued Al Mekhazine (2 x 400 MW capacity). Electricity transmission capacity is to be raised by a further 2,100 MW to reflect increasing demand.

Additional prospectivity is referenced by SLR, including an updip appraisal of possible logged gas-bearing intervals in GRF-1. SLR postulate undefined gross resources of 10 to 200 BCF for this target.

SLR also refer to 9 prospective Triassic and Jurassic leads, developed previously by ONHYM, with mid case recoverable volumes stated by ONHYM to range from 18 to 366 million BOE. There is a large surface oil seep around the TAF-1X well adjacent to one of the Jurassic leads. Seismic reprocessing and new seismic acquisition will be required to further evaluate and better define the additional prospectivity.

The Company will provide further operational updates on progress in Morocco as activities develop during 2019.

Paul Griffiths, CEO of Predator Oil & Gas Holdings Plc said:

"This is another very positive step for Guercif. This third party prospective resources audit by SLR validates the significant volumetric and recoverable gas resources potential whilst importantly indicating too that there is no significant impediment to monetising discovered gas. The CPR also references additional hydrocarbon potential over the entire Guercif area demonstrated by multiple prospective leads in diverse geological settings in the Miocene, Jurassic and Triassic. This will facilitate a rolling drilling programme to create economies of scale in respect of costs which could be expected to lead to sustained exploration activity over several years. The CPR is therefore an important tool and catalyst for attracting potential drilling partners necessary to advance rapidly a multi-well drilling programme to fully evaluate the large inventory of prospective leads developed in Guercif, as now referenced independently by the CPR."

[under the radar] 08/9/2019 17:33

Magnetformoney / Aviator - can’t remember who you posting as now?

LOL LOL

Now your posting on ICON , PRD and now on here!

😂😂😂😂8514;😂ԅ14;😂😂;😂👋👋👋
28075;👋€075;👋㈇5;👋👋👋


QUALITY

[magnetformoney] 08/9/2019 14:10

Replied on other thread. I'd go with chessmaster. V good and accurate analysis.

[showme01] 08/9/2019 13:52

This will be news driven over the next few weeks. No chart will influence that.

[under the radar] 08/9/2019 13:45

www.livecharts.co.uk/share_prices/PRD-stock-chart-technical-analysis

Just put the 50 and 200 in and you will see that the 5O IS ABOVE THE 200 = GOLDEN CROSS

Can see it very clearly on 1 and 2 month daily chart !!!!!!!

[theaviator] 08/9/2019 11:47

Well done Luke!

[luketheskywalker] 08/9/2019 11:45

The clue is in 'DAILY' moving average.... ;)