Reabold Resources Share Discussion Threads

[theaviator] 11/11/2019 08:01

It's a MULTIBAGGER

[sportbilly1976] 11/11/2019 07:58

At the $10bbl it is £448mln-£848mln for RBD's 40%...then the gas on top

[sportbilly1976] 11/11/2019 07:54

Edit...265bcf

[sportbilly1976] 11/11/2019 07:53

Value in ground146-263mmbls211-285bcf??

[grannyboy] 11/11/2019 07:50

In a presentation by UJO their geologist Graham Bull claimed that there are between 4-6 billion bbls in the Lincolnshire fields ... Looks like we have found a chunk of it ...

[simon_64] 11/11/2019 07:45

This will be a four bagger my EOW.

[ltinvestor] 11/11/2019 07:40

I was told that a few weeks ago....

[cashandcard] 11/11/2019 07:40

Fabulous RNS. Surely, the entirety of the license must contain atleast a billion barrels of OIP or thereabouts. Amazing result.Cash

[divmad] 11/11/2019 07:34

When was that, ltinvestor?

[ileeman] 11/11/2019 07:21

Those are insane numbers.

283million barrels upside case + a huge amount of gas included.

RBD own around 40% of that! $billions.

Hard not see West Newton get taken out asap.

[nicosevos] 11/11/2019 07:20

Wooooow.......
gla

[stockport loser] 11/11/2019 07:19

It will be sold by H2 2020.

[ltinvestor] 11/11/2019 07:18

Now I know why BP had visited the site!

[stockport loser] 11/11/2019 07:16

All those buys and they kept the share price static, Now we know why.

[stockport loser] 11/11/2019 07:13

Gas wasn't included so even bigger, and that's best case, of course there is even more upside when they drill next year. If you include the whole license and add the other prospects then it does have the potential to be biggest onshore in UK history.

[ltinvestor] 11/11/2019 07:13

Looks like a serious rerating for Rbd....

[uggy100] 10/11/2019 17:47

Simon, yup Colter was a disaster wasn't it.

[sportbilly1976] 10/11/2019 17:46

Uggy,

true...although a quick online search suggests up to 60% can be recovered from general onshore discoveries...so 3-8p?

[uggy100] 10/11/2019 17:37

Sportbilly1976- Thats oil in the ground numbers not recoverables so a lot less I think, more than happy to be corrected.

[ileeman] 10/11/2019 17:29

News next week according to Dan and a few others in the loop.

140million barrels UK onshore would be the most significant RNS the company has ever had and will see a very big move, valuation of company would jump massively...assuming speculation is true.

[simon_64] 10/11/2019 15:49

Sports

That excludes California And Parta and if anything can be recovered from that abortion down on the south coast.

[sportbilly1976] 10/11/2019 14:51

Uggy,

the post prior to yours and the Stifel report uses a valuation of $11.50.

Pluggin that into the potential 140-200mboe with net interest of 39% in WN and 6bln shares in issue gives a target of 8-12p