Reabold Resources Share Discussion Threads

[nicosevos] 27/9/2019 08:05

Cantor well down on the offer, and pole on the bid, nice...
Peel now the dark horse, it's time they also ran out of powder.
gla

[stockport loser] 26/9/2019 18:00

He used the pin the tsil on the donkey approach.

[divmad] 26/9/2019 17:02

How do you get Parta to be worth £100mn to RBd?

[hpcg] 26/9/2019 15:26

Colter South is worth nothing. Even if it is economic that is recursively completely dependent on access the Wytch Farm facilities. Thus the field itself is worth nothing to anyone but Perenco.

[tunley] 26/9/2019 14:35

Well here goes...

Let's do a little addition shall we, about where we think RBD might be once the truth becomes unavoidable.
NO SHOOTING DOWN PLEASE - Just my own honest opinion

Let's start with me prepared to bet that WN turns out to be a £1.2 billion hole in the ground once Cadeby lower is drilled (probably without Cadeby even).
So,
WN (27.5% by now)- £330 million
West Brentwood - £ 15m
Other Cali - £ 10m includes Grizzly
Parta - £100m with view to running room
Colter south - £25m
(plus new license area)
In hand new biz - £25m
_______________________________

Total Est Value therefore = £505 million.
Say all sold at Auction price of 50p to £1
= £250 m versus MC of £50 million.
ERGO, what is this share price trying to do!
It should be at least 3 or 4 times higher than it is.

[theaviator] 26/9/2019 14:27

Yep. Not a lot of stability there imo Just had a good read and a chuckle. Nice RNS today. They doing all they set out to do.

[cashandcard] 26/9/2019 10:12

Good news and hopefully they can add some more reserves and eventually offload it for a healthy uplift on cumulative investment.


Cash

[jimbo66] 26/9/2019 09:59

Someone buying 2.5M thinks it's not too bad.

[ccr1958] 26/9/2019 09:23

Volume Dire .

[ccr1958] 26/9/2019 09:22

More good news market ain’t impressed.

[luckykids] 26/9/2019 07:38

True forgot dollar conversion

[tunley] 26/9/2019 07:34

Not to nitpick, it's good news but almost Bob on 30percent. If usd19 becomes UK£15.

[luckykids] 26/9/2019 07:18

So basic Npv with no upside taken into account for just 3 wells is 40% of the market cap.Is that right?

[luckykids] 26/9/2019 07:09

TIDMRBDRNS Number : 7055NReabold Resources PLC26 September 201926 September 2019Reabold Resources Plc("Reabold" or the "Company")West Brentwood Reserves UpdateReabold, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, is pleased to provide the conclusion of a third party reserves report into its assets at the West Brentwood field in Kern County, California. Reabold has a 50 per cent. interest in the West Brentwood field; Integrity Management Solutions is the contract operator.Highlights:-- Close to 1 million barrels of oil equivalent (boe) of Proven reserves attributed to Reabold's net interest at West Brentwood, with associated value of US$19.3 Million (NPV10)-- Significant multiple achieved on capital invested to date -- Returns should improve further with earn in now completed As part of an evaluation of the current and future potential value associated with its California business, Reabold commissioned Petrotech Resources Company Inc., based in Bakersfield, California, to compile a reserves report to cover the West Brentwood field.The Proved Developed Producing ("PDP") and Proved Undeveloped ("PUD") reserves reported for oil and associated gas, net to the Reabold interest, are as follows:M bbl MMscf M boe PDP (2 wells) 550.84 612.58 652.94 ------- ------- ------- PUD (1 well) 267.32 363.60 327.92 ------- ------- ------- Total 818.16 976.18 980.86 ------- ------- ------- Note: gas equivalence based on 6,000 scf/bblThe report attributes an NPV10 value(1) , net to Reabold, of US$19.31 Million associated only with the PDPs at the VG-3 and VG-4 locations, and the PUDs at the upcoming VG-5 location, which is planned to be drilled this year. Additional prospectivity associated with other potential drilling locations at West Brentwood, along with "Probable" and "Possible" upsides, have not been included in the valuation calculation.This corresponds to a total capitalised expenditure by Reabold at West Brentwood to 30 June 2019 of US$2.9 Million, associated with the drilling and completion of the VG-3 and VG-4 wells. Almost all expenditure to date at West Brentwood has been 100 per cent. funded by Reabold in order to earn its 50 per cent. equity interest. Going forward, all expenditure will be funded by Reabold on a 50 per cent. basis.Marcos Mozetic, an exploration geologist, with over 42 years of international technical experience has reviewed the technical information in this announcement and approved it for release in his capacity as a Qualified Person under the AIM Rules. Marcos holds a BSc and Post-Graduate degree in Petroleum Geology from the University of Buenos Aires. Marcos is a member of the Society of Exploration Geophysicists.Stephen Williams, Co-CEO of Reabold, commented:"We are delighted to be able to demonstrate independent validation with regard to the impressive economic returns we have been able to achieve in California. The 6x multiple on cash investment to date at West Brentwood has been delivered even whilst Reabold has been paying almost 100 per cent. of the costs, and economics can essentially double on a go forward basis. We have further running room at West Brentwood, and significant opportunity to create further value at Monroe Swell and Grizzly Island."(1) The reference oil price used is NYMEX Brent strip as at 1 August 2019 and a natural gas price of USD 3 per thousand standard cubic feetFor further information please contact:

[ileeman] 25/9/2019 19:11

Yup to many trolls about these days.

I would not mind them if they actually posted facts but just a load of bull.

[theaviator] 25/9/2019 14:48

Patience. Simple

[korvet] 24/9/2019 13:55

Have we aquired a troll, how nice, we just be hitting a lot of people's radars. Lol K

[theclangers] 24/9/2019 11:52

Last fund raise was at 1.10, asset value has increased since then! Traders will always jump from share to share chasing the news, that's aim for you. S & S cut a good deal, that's why institutions hold more than 50% of this company. Any step back in share price is a buying opportunity for me.

[grannyboy] 24/9/2019 11:44

All the indications here are that this hydrocarbon find at West Newton WILL be the biggest onshore find in decades.. And once the EWT is completed then its only one way the share price is going....and that's up, multiple the present price..

These gyrations in the share price is the usual market reaction to the impatience of the market, and the short term traders..

[grannyboy] 24/9/2019 11:34

'under the radar' is really attempting to take the heat off all those companies involved in E&P in Irish teritory, like PRD as a example....

After an announcement at a UN Climate Action Summit by Leo Varadkar, where he stated that the 'Irish governments intention is to phase out oil exploration licences in the future" ..


If that saviour of the liberal left, Greta Thunberg lands in Dublin, the Irish government would do a complete capitulation ...

[under the radar] 24/9/2019 11:16

That’s what most people think until it keeps on falling on a daily basis and then FEAR kicks in. That’s when people sell at any price because they just can’t take the pressure anymore .

This has risen from 0.5p - 1.7p and all the clever ones have sold and banked profits.I would seriously hold off from
Buying here because it has only just started its retrace and anyone who bought over the last week thinking it was cheap have lost money immediately.

0.7p - 0.9p is coming here imho🤫. Don’t get sucked in by the pump and dump crew on here because they sold whilst telling you that it’s going to the moon 😂.

Contrarian investor called another top when the 🐑 were laughing - who’s laughing now ??

Don’t be greedy little 🐖 don’t watch your profits disappear.Will start having double digit daily falls any day imho

Don’t try and catch a falling knife 🔪- wait for the market to show positive signs before re-entry.

SELL 🐑🐑🐑🐑8017;

[theclangers] 24/9/2019 10:57

Thanks for the advice under the radar, not for me though, I'm buying/topping up whenever funds become available, every good share takes a step back on it's way up!
Long term hold for me this one