Reabold Resources Share Discussion Threads

[astralvision] 08/11/2019 10:39

Cheers sbThing is RBD has a lot more going for it than UKOG ever did.Having said that, it zoomed from 1p to 10p in short order, yes please for that!

[sportbilly1976] 08/11/2019 09:32

Mr Daniel Levi (Sinner)
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@BrokermanDaniel
16m16 minutes ago
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It’s an old ‘cliche’ that I’ve never used & will never use again as its been hijacked by #Rampers etc. But You Really Don’t Want To Be Out of WestNewton Over The Weekend.🤔


One maybe for the weekend press to break?
I recall UKOG's find popping up in the Sunday Times (iirc) before Monday's rns

[kim_clay] 07/11/2019 20:58

It goes without saying that companies who quote gas fields potential reserves in boe are probably looking to mislead the uninformed ...(some regularly do) given that folks will assume a boe is the same value as a bbl...when in fact it could be half.

[kim_clay] 07/11/2019 20:52

6000 cf of gas is give or take 60 therms.At 40p a therm that's 24 quid or 30 dollars or so per boe.In summer a therm is in the 20's/30s in winter in the 50/60/70s depending on demand ie temperature.

[kim_clay] 07/11/2019 20:36

Yes it does.Boe is barrels of oil equivalent.So that's oil plus the gasmeasured in equivalent barrels. Usually 6000:1.That is about 6000 cu ft of gas is equivalent to 1bbl of oil. This ratio is based on energy equivalence not value equivalence.ie 1 boe of gas is worth less than 1bbl of oil.These are general principles of course and it depends on the exact gas specifications and the type of oil (Heavy oil is notorious low value, light oil/condensate has higher vale)

[sportbilly1976] 07/11/2019 16:30

getting 0.9615 offer for 200k just before the close

[encarter] 07/11/2019 16:28

No one will be selling below 0.9p so this is the bottom imho.

[pistonbroke1] 07/11/2019 16:18

The big sell in the background will probably turn out to be BMD.


Only Joking!!

[sportbilly1976] 07/11/2019 15:46

astral,

indeed...overhang situations are good to play and ride out at normal times, yet alone when there is transformatory news just around the corner.

if the stocks goes and then news breaks there would be a good scramble for stock! :)

[astralvision] 07/11/2019 15:43

get the feeling that when this starts to move it could move quite rapidly, with just one MM @ 0.95p and just two @ 1.0p folks could be scrabbling for stock when the full extent of what's gong on here becomes better known and with further news flow.
imo

[astralvision] 07/11/2019 15:23

From the 29th August rns, so you can see that's 35mm boe (roughly divide Bcfe by 6 to get boe)That's before any allowance for oil and before any upgrades.This all stacks up for serious upwards movement in the spimoThe West Newton A-2 well was drilled as an appraisal of the West Newton A-1 discovery well. Based on the results of the West Newton A-1 well and the three-component 3D seismic data volume identifying an aerial extent of approximately 4,500 acres for the Kirkham Abbey reservoir, a Best Estimate Contingent Resource of 189 Bcfe (billion cubic feet equivalent) of gas was identified in a Competent Persons Report ("CPR") compiled by Deloitte for Connaught Oil and Gas Limited ("Connaught")* and dated 1 June 2017.

[astralvision] 07/11/2019 15:14

As divmad has pointed out, 140mm OIP once you put in recovery factors and RBD's % boils down to what we already know, so we will just have to see what comes out in the end.Certainly we're all expecting upgrades.

[sportbilly1976] 07/11/2019 15:11

From the link a few days ago:

"...So you can take it from me that news is on the way from the Rathlin, West Newton drill, that could result in a huge, and I mean huge, increase in the share-prices of both listed companies who have a stake in West Newton. (0.92p) Reabold Resources (LSE: RBD) who now own 59% of Rathlin which equates to a 39% interest in West Newton and (0.22p) Union Jack Oil (LSE: UJO) who have a direct 16.6%.


The ‘Oil in Place’ numbers from the analysis of the core samples has rocketed upwards and will indicate a minimum of over 140,000,0000 boe (barrels of oil equivalent). The high case is thought to be close too, if not over, 200,000,000 boe. Both Nomads have been briefed as have the O&G Authority.

If those numbers are confirmed and I’m 99% certain they will, then the share price of both companies should rise significantly, regardless of talks that may or may not be happening. I’d expect on these figures, coupled with a successful Extended Well Test (EWT) share-prices of multiplies on both London listed company’s. These numbers indicate one of the biggest onshore hydrocarbon discoveries in the UK.."

[grannyboy] 07/11/2019 15:07

Not sure if it does, think they are only concentrating on the oip, if it's not included then there would be another(minimum) 39 mboe on top ?!!

[sportbilly1976] 07/11/2019 15:03

trade potentially only to be printed once complete

[astralvision] 07/11/2019 15:02

gbI said the other day I thought there would be some large delayed sales after hours, I was wrong although I believe trades can be delayed for up to 3 days, depending on size.I said it as we've all seen time and time again buys go through but no upward movement then the delayed trades go through and all is explained.I still think that is what is happening here, but who knows!Eventually weight of buys will shift it north.

[astralvision] 07/11/2019 14:59

cpI would have thought it undoubtably does, why wouldn't it? And as boe is barrels of oil equivalent, by definition that includes the gas?That's my take, fwiw.

[currypasty] 07/11/2019 14:57

anyone know if the 140m boe includes the gas?

[grannyboy] 07/11/2019 14:55

There was some posters the other day who after an afternoon of mostly medium to large buys was claiming that there would be some large delayed sells after hours ... In fact, at the end of the day there was a LARGE buy announced... And NO delayed sells ..

[astralvision] 07/11/2019 14:50

Cheers sbI agree with what you're saying, but I used the cons £55m figure.Whichever way you cut it RBD is massively undervalued.It doesn't actually need the DL 'ramp', if that's what it is, although his involvement has increased volumes and probably put a rocket up their bscksides to get the updated volumetrics out there.

[grannyboy] 07/11/2019 14:43

ECO have a mkt cap of over £230 million they don't have any production ... Their economic interest in Guyana is 15%.

[sportbilly1976] 07/11/2019 14:42

Stockport - most likely someone in the 0.9p placing who's happy to take a 0.05p turn on their lot

quick glance down and imo there have been 2x 2.5mln and 2x 1mln sells today...so a net 30 mln buys so far

[stockport loser] 07/11/2019 14:41

There must be some iceberg sell in the background for this not to tick up.

[sportbilly1976] 07/11/2019 14:41

astral,

thanks for the UJO link. I must say I'm not the biggest SPangle fan (having been in AAZ for some time now)...but they are ascribing £75mln to UJO's 16.67% WI so RBD's 39% WI would have a value of £175mln or approx 3p a share here

(and that was based on the reserve estimate in October, not the DL tweeted figure a few days ago)

[astralvision] 07/11/2019 14:36

This bit from the UJO is worth posting. If it's £55m conservative on old cpr report then that's a read across to RBD of about £130m to RBD- and that's on old data, assumes all gas-with no allowance for the other assets-or that it's likely RBD will end up with 50% of WNAnd that still gives an share price double from where we are now!All imo, GLA Our Target Price is conservatively based on the latest third party assessed gas resource (£55.14m net to Union Jack), however given subsequent testing and ongoing, analysis and interpretation of the recently drilled A-2 coring sample, the reservoir is now deemed to be predominantly oil bearing. Assuming a more realistic 60/40 - oil/gas ratio, we infer a valuation closer to £75m net to Union Jack, some 3x the Company's current market capitalisation on this asset alone.Wressle coming onstream would generate