Reabold Resources Share Discussion Threads

[sportbilly1976] 19/11/2019 11:04

full offer now being paid on small buys...tick up coming?

[sportbilly1976] 19/11/2019 10:21

at least there seems to be some renewed interest here this morning and reasonable buying....eventually any overhang will clear and the asset value start to be reflected in the share price

[grannyboy] 19/11/2019 09:42

Well within reason of course, I'm not too concerned with their level of remuneration so long as there is share price appreciation, which means them getting on with proving up the assets, which entails taking action, ie: getting on with the EWT at West Newton, and chasing up ADX to get on with the flow testing at Parta, which the ADX CEO claimed in a podcast at the end of Aug, was going to start in mid Sept ... Not to mention the lack of action from Califirnia ...

[sportbilly1976] 19/11/2019 09:23

To add...I agree it is positive, especially Mike's given the increase in his total holding as a result

[sportbilly1976] 19/11/2019 09:20

From the 2018 report:

"During the reporting period, the Board undertook a performance evaluation of the Executive Directors, and in view of the overall positive progress against KPIs and the significant increase in investment activities, the remuneration of the Executive Directors was increased within market remuneration ranges for comparable companies."

Pg 55 details the remunertion of the Directors.

Sachin - £626,000 incl £485k of share based payments. Holds 150mln options at 0.8p
Stephen - £626,000 incl. £485 of share based payments. Holds 150mln options at 0.8p

Both the above saw an increase in total remuneration from £278k in 2017

Mike & Anthony's purchases are significant in context to their pay....Mike - £8,000 & Anthony - £63,000

[ccr1958] 19/11/2019 09:19

Agreed curry,Directors buying ‘more ‘ is a very welcome gesture.

[cashandcard] 19/11/2019 09:18

Its a positive, even if there are individual PI's with a larger holding than them. AIM is littered with bosses who issue options like confetti and rarely ever spend their own money.


Cash

[currypasty] 19/11/2019 09:14

at least they bought them in the market at market price, with their own money

most directors gift themselves easy options instead

[m5] 19/11/2019 08:57

I think its significant, in the real World that is a lot of money and not everyone is a millionaire.

[sportbilly1976] 19/11/2019 08:39

Hmm,, c.£135k between 4 Directors, if it had been each then it might be note worthy...I daresay there's a few here who have more than the combined purchase

[astralvision] 18/11/2019 23:09

Fair play, that is a big wack of shares between them.Blue day tomorrow!

[stockport loser] 18/11/2019 21:33

They needed to buy them after they diluted themselves!

[bageo] 18/11/2019 20:23

Due to being oil rather than gas the testing needs to be different - mainly a pump and other pieces. Allow at least a couple of months to sort this.

With the higher value for oil rather than gas this is more than made up for.

[ccr1958] 18/11/2019 17:47

Lovely jubbly.

[monet] 18/11/2019 17:35

Directors' Dealings after hours

Director Date of purchase No. of Ordinary Shares purchased Price of Ordinary Shares purchased (pence)
Sachin Oza 18/11/19 6,637,058 0.9p
Stephen Williams 18/11/19 2,222,111 0.9p
Mike Felton 18/11/19 5,577,755 0.9p
Anthony Samaha 15/11/19 1,000,000 0.9p

[sportbilly1976] 18/11/2019 09:06

UJO fundraise confirmed post close Friday re their share of ongoing costs at WN

Hopefully once they get the funds things can move along swiftly....good buying here this am, investors seeing RBD are in the stronger position with cash and a larger stake

[simon_64] 18/11/2019 08:34

Div

My guess would be a bit of both.

[divmad] 18/11/2019 08:26

What exactly is holding up the EWT? Is it lack of funds from the other minority partners in Rathlin? Or is it local authority planning regs? Or a bit of both?

[stockport loser] 17/11/2019 15:42

It's a nice article - but the fluffy has been done to death, where's the EWT. When is the EWT and why haven't you started the EWT. No fluff, just facts.

[cashandcard] 17/11/2019 14:28

Grannyboy,I have 7 computers?That's a revelation ;)Cash

[peapod1] 17/11/2019 14:27

hxxps://www.msn.com/en-gb/money/news/biggest-oil-and-gas-find-in-britain-for-40-years-and-its-in-east-yorkshire/ar-BBWRZWs?li=AAnZ9Ug

[waterloo01] 17/11/2019 14:03

Britain's largest onshore gas field found by trio of mining...

Based on industry analysis, Rathlin could recover at least 59million barrels of oil and 160billion cubic feet of gas, worth a combined £840million.

It is the largest onshore discovery since British Gas struck oil at Wytch Farm near Bournemouth, Dorset, in 1973, when 570million barrels of oil were found. Wytch Farm, operated by Anglo-French giant Perenco, is Europe’s largest onshore oilfield.

Energy analyst Lucy King, of Wood Mackenzie, said that while onshore energy production is a minor part of the UK’s overall supply, domestic projects such as the West Newton field could help to plug the production gap as North Sea reserves diminish.

Over the year to date, the UK has used a daily average of 1.5million barrels of oil and 7.7billion cubic feet of gas. But UK exploration activity last year fell to its lowest level since the 1960s and 50 North Sea oil and gas fields could cease production within five years.

King, who described Rathlin’s discovery as ‘significant for the UK’, said: ‘From 2021 we estimate that both oil and gas production will rapidly decline. Projects such as West Newton could certainly slow this decline.’

Rathlin Energy is valued at £32.2million after AIM-listed investment firm Reabold Resources paid about £19million for a 59 per cent stake. Reabold increased its stake from 37 per cent in October after a test well was encouraging.

The remainder of Rathlin Energy is owned by Canadian firm Connaught Oil & Gas and a number of wealthy individuals.

Production at West Newton could start late next year after two further wells are drilled. Union Jack Oil and Humber Oil & Gas both own minority shares in the licence.

[jack4691] 17/11/2019 13:20

Is RBD gonna be the next UKOG (UK Oil & Gas)? With the same Ups n Downs (more Downs then Ups)!