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[simon_64] 10/11/2019 12:09

Uggy

All we can do is guess.

If tensions erupt in the Middle East over the next six months could be more.

I think that attack on the Aramaic facilities and the halt of UK fracking have come at the right time for RBD.

[uggy100] 10/11/2019 11:55

Simon, I'm hoping for around $10 but that could be pie in the sky for all I know !

[simon_64] 10/11/2019 11:53

Uggy

I would guess higher than the average as all the infrastructure is close buy, unlike offshore fields, hopefully a couple of bids.

[uggy100] 10/11/2019 10:49

So what price do we think we'll get for the oip per bbl ? (when a big boy comes in for it.)

[astralvision] 09/11/2019 11:25

It is indeed!And very likely there are further WN's in 183.Bit from the brokers note• PEDL 183, located near Hull on the North East coast of England, holds the West Newton discovery• Two wells at West Newton confirm a major oil and gas discovery in the Kirkham Abbey Formation• Potentially one of the largest conventional UK oil discoveries• Ideally located for rapid monetisation, surrounded by oil and gas infrastructure• CPR, which assumed gas, 189bcfe (31 mmboe) valued at NPV1 $247m ($99m - $124m net2)• Discovery being oil rather than gas materially enhances NPV potential. CPR1 attributes a per barrel PV of $11.50 for the deeper Cadeby oil target• Updated volumetric analysis underway, with significant upside as reservoir characteristics compare favourably to CPR assumptions (oil weighted)• Additional gross 74 mmboe resources in deeper formation, with NPV1 of $850m ($340 - $425m net2) and 24% CoS1• Further two wellprogramme planned and permitted due to commence in Q1'20PEDL 183 – West Newton Discovery

[astralvision] 09/11/2019 10:04

Most of the questions are answered in the recent Stifel brokers reporthttps://www.guerillainvesting.co.uk/wp-content/uploads/2019/10/Project-Wallace_September-2019-1.pdf

[astralvision] 09/11/2019 09:44

'Here', damn predictive text!

[astralvision] 09/11/2019 09:44

Lehrer is a link to the oil and gas authority re PEDL 183.RBD's interest is via their 59% stake in Rathlinhttps://itportal.ogauthority.co.uk/eng/fox/oga-report/PED300X/onshore-licence/?LICENCE_TYPE=PEDL&LICENCE_NO=183

[astralvision] 09/11/2019 08:03

Hi DivmadSpring Hill and Ellery are in PEDL183, which RBD has partial ownership of, along with UJO. West Newton is also in 183.I assume, but don't absolutely know, that RBD's interest has increased to just shy of 40% after the recent transaction.av

[divmad] 09/11/2019 05:53

Are Spring Hill and Ellerby, part of Rathlin's acreage or does Ujo have separate license ownership of these?

[astralvision] 08/11/2019 17:39

cant seem to post twitter pic but its all on previous post link

[astralvision] 08/11/2019 17:17

This guy is worth checking out on TwitterApart from this tweet he's done some interesting analysis on WN and other prospects.Tbh I'm not qualified to say too much about them, some of it's over my head, but it looks very interesting indeed.mighty@MightyBelle68Ha Richie.. Yes normally I like to see the proof of such claims and have asked @BrokermanDaniel in the past to provide some but in this case, let's just say proof or no proof I think he's on the right track myself ?. Let's see what the scores on the doors are when they come #UJO

[astralvision] 08/11/2019 17:14

It will move, 60m buys just weren't enough!Next week though might be a different story.....

[stockport loser] 08/11/2019 16:40

Well there was enough buys to push it to 1.10 but not an inch.

[sportbilly1976] 08/11/2019 15:42

spread is 0.9431-0.95 on 2.5mln currently

[sportbilly1976] 08/11/2019 15:06

expecting to see the buying volume steadily increase as we approach the close into the weekend...

[sportbilly1976] 08/11/2019 14:38

Curry,

that makes sense - was one of the MM's an underwriter to the placing? was it fully subscribed?

checked previous rns' - maybe Stifel took a few as payment for executing the bookbuild (I know many take warrants on I~Po for example)...maybe they are selling their 'fee' stock down?

[astralvision] 08/11/2019 13:51

Yes, there's always those that will take money off the table on a mere sniff of a profit.Gives a very nice low risk entry point, ta muchly!

[ileeman] 08/11/2019 13:43

Although alot does go to institutions a placing of that size will always have retail involved, alot will always sell for 5-10% profit.

I doubt they have much left.

[currypasty] 08/11/2019 13:35

all seems a bit odd the relentless buying, yet price struggling .. who is selling, and why just before some news.. makes you wonder if the MM's had a large slice of the placing themselves, to be able to pass on at a small margin?

[astralvision] 08/11/2019 13:31

Hurrah ccr!Pushing 45m traded, like the 5m buys.Coiled spring and all that stuff.