Reabold Resources Share Discussion Threads

[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)!

[judijudi] 16/11/2019 08:43

Smile Nelly
Life’s to short to be bitter all the time
:)

[judijudi] 16/11/2019 08:16

It’s like fishing
ChipShop and Smellson
Chill out
Always someone to take the bait when it’s cast out

RBD is a great share
Happy to have been loading up at give away prices
Have a great weekend all
:)
:)

[slimchops] 16/11/2019 06:12

There are some main players/posters on the main EME thread invested here that he tends to suck up too. I wonder what they think. I'll find out :-)

[judijudi] 15/11/2019 23:04

Superb stock
Glad I loaded up at give away prices!!
:)
:)

[sportbilly1976] 15/11/2019 14:17

catch up Malcys blog from earlier this week:



Reabold Resources/Union Jack Oil
Rathlin (Reabold 59%) have updated on PEDL 183 (Rathlin 66.67%) which contains the West Newton A-1 discovery well and the A-2 appraisal well. It is an internal assessment only with an updated CPR being commissioned. The base case is now of liquids 146.4 mmbbl OIIP with an upside of 283 mmbbl and gas of 211.5 bcf GIIP and upside of 265.9 bcf.

This is a substantial increase on the 2017 CPR as one might expect, particularly so as the volumes are now so significantly weighted towards oil rather than the preponderance of gas that was initially expected. The shares, in my view rather surprisingly, both fell this morning but that might be more to do with recent or imminent fund raising than to what I consider to be a massively discount of this spectacularly impressive asset which so far hasn’t delivered the inevitable, that is only a matter of time

[cashandcard] 15/11/2019 08:47

maison,


These are not survival placings, they are opportunistic ones to take key stakes and even control of high quality appraisal projects that'll deliver multiples when concluded.


Cash