Reabold Resources Share Discussion Threads

[nicosevos] 28/2/2020 11:21

Looking to top up......Anyone have a clue, as to the bottom?
tia

[ileeman] 27/2/2020 09:31

Yup, once overall markets correction ends then you will see RBD much higher over days/weeks.

Sticking to the timeline only 4 weeks until EA approval, hot money will enter soon enough.

[soultrading] 27/2/2020 07:46

Great to see the sentiment at RBD really improving now. Is it because people have had a chance to digest the California news and the fact there will be incoming West Newton and Parta news. Or was it the Sachin Podcast sounding so upbeat or simply because the current price is a giveaway.


The conversation on LSE last night was a breath of fresh air and I would not be surprised if some that were sat on the fence now buy in.

[showmethemoneyhoney01] 26/2/2020 21:38

Mind you, the cheap shares here were issued at 50% above the current crazy share price Buy, hold and make great returns from here imo.

[soulsauce] 26/2/2020 21:29

Plasybryn remember when Aau issued a large amount of cheap shares in a relatively short period. Same problem here. It will eventually work out as it did over there IMO.

[plasybryn] 26/2/2020 21:22

Yes why is the share price so weak?

[ccr1958] 26/2/2020 19:47

Well ,good update,shame about The share price

[steelwatch] 26/2/2020 15:28

Sachin Oza on Vox podcast today:

[archie222] 26/2/2020 10:24

Nice to know there's a whole new gas based revenue stream down in the Third Massive.

Wonder if VG-7 2drill in Q3 (Q4 in Reabold speak) will also be targeting that?

I make it near to 2m quid PA from California NOR - that would pay for a fair bit of drilling when in comes to Grizzly Isld

[ileeman] 26/2/2020 09:50

I liked that RNS especially the very high profit margins associated with California.

Larger macro picture in a correction so no surprise weakness, alot of stocks getting hit. Fundamentally nothing has changed.

[ccr1958] 26/2/2020 09:30

Presumably more than that...

[currypasty] 26/2/2020 08:14

Gross oil production across Reabold California of 50,286 barrels of oil equivalent between July and December 2019 (Reabold 50% equity interest)

Net revenue to Reabold from hydrocarbon sales in California of USD 1,349,000 between July and December 2019


what were we expecting ?

[showmethemoneyhoney01] 26/2/2020 07:37

And rising now that VG6 has proved commercial with additional targets.

[5chipper] 26/2/2020 07:33

With vg-6 income added = approx. £2.5m a year income

[showmethemoneyhoney01] 26/2/2020 07:21

Great bit of news. Going to be plenty on the other 2 projects over the next few months as well.

[slimchops] 26/2/2020 07:20

RNS Number : 1178E

Reabold Resources PLC

26 February 2020

26 February 2020

Reabold Resources Plc

("Reabold" or the "Company")

Update on California Operations

Reabold, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, is pleased to announce an update regarding its operations in California.

Highlights:

-- VG-6 well on West Brentwood tested at 350 mscf/d and now on permanent production
-- New play at West Brentwood field opened up, providing additional follow on targets
-- Gross oil production across Reabold California of 50,286 barrels of oil equivalent between July and December 2019 (Reabold 50% equity interest)

-- Net revenue to Reabold from hydrocarbon sales in California of USD 1,349,000 between July and December 2019

-- Estimated cash operating cost per barrel of oil equivalent of $13
Further to the Company's announcement of 6 January 2020, Integrity Management Solutions ("IMS"), contract operator of Reabold's California operations, has successfully tested the VG-6 well. VG-6 lies within the West Brentwood licence, in which the Company has a 50 per cent. working interest. The well tested at 350 mscf/d and has been put onto permanent production. Gas produced from VG-6 is being sold utilising the existing pipeline infrastructure constructed by Reabold and its partners in California, IMS and Sunset Exploration.

VG-6 was designed to test a new geological horizon at West Brentwood, the Third Massive, different from the Second Massive which is the producing horizon for the VG-3 and VG-4 wells. Success at VG-6 has therefore opened up a new play on the West Brentwood field and therefore additional follow on targets.

Oil production across Reabold's California licences, being West Brentwood and Monroe Swell, in which Reabold has a 50 per cent working interest, for the period from 1 July 2019 to 31 December 2019 was 50,286 (gross) and 25,143 (net) barrels of oil equivalent ("boe"). Reabold's net revenue generated from the sales of hydrocarbons in California over the period was USD 1,349,000 (USD 1,079,000 net of royalties). This equates to a realised price of $53.7/boe ($42.9/boe net of royalties). The estimated cash operating cost per boe was approximately $13.

Stephen Williams, co-CEO, commented :

"We are delighted to have drilled our fifth successful well in California and to see strong rates of production from a previously untested horizon. Success at VG-6 has unlocked a new play with more running room at West Brentwood than we had previously anticipated.

"The excellent economics of our operations in California are evident from the high gross profit margin we are delivering for minor expense. With the addition of VG-6, production is set to continue to increase through 2020, following a strong 2019 where we added incremental wells and grew our income profile."

[slimchops] 26/2/2020 07:19

RNS Number : 1178E

Reabold Resources PLC

26 February 2020

26 February 2020

Reabold Resources Plc

("Reabold" or the "Company")

Update on California Operations

Reabold, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, is pleased to announce an update regarding its operations in California.

Highlights:

-- VG-6 well on West Brentwood tested at 350 mscf/d and now on permanent production
-- New play at West Brentwood field opened up, providing additional follow on targets
-- Gross oil production across Reabold California of 50,286 barrels of oil equivalent between July and December 2019 (Reabold 50% equity interest)

-- Net revenue to Reabold from hydrocarbon sales in California of USD 1,349,000 between July and December 2019

-- Estimated cash operating cost per barrel of oil equivalent of $13
Further to the Company's announcement of 6 January 2020, Integrity Management Solutions ("IMS"), contract operator of Reabold's California operations, has successfully tested the VG-6 well. VG-6 lies within the West Brentwood licence, in which the Company has a 50 per cent. working interest. The well tested at 350 mscf/d and has been put onto permanent production. Gas produced from VG-6 is being sold utilising the existing pipeline infrastructure constructed by Reabold and its partners in California, IMS and Sunset Exploration.

VG-6 was designed to test a new geological horizon at West Brentwood, the Third Massive, different from the Second Massive which is the producing horizon for the VG-3 and VG-4 wells. Success at VG-6 has therefore opened up a new play on the West Brentwood field and therefore additional follow on targets.

Oil production across Reabold's California licences, being West Brentwood and Monroe Swell, in which Reabold has a 50 per cent working interest, for the period from 1 July 2019 to 31 December 2019 was 50,286 (gross) and 25,143 (net) barrels of oil equivalent ("boe"). Reabold's net revenue generated from the sales of hydrocarbons in California over the period was USD 1,349,000 (USD 1,079,000 net of royalties). This equates to a realised price of $53.7/boe ($42.9/boe net of royalties). The estimated cash operating cost per boe was approximately $13.

Stephen Williams, co-CEO, commented :

"We are delighted to have drilled our fifth successful well in California and to see strong rates of production from a previously untested horizon. Success at VG-6 has unlocked a new play with more running room at West Brentwood than we had previously anticipated.

"The excellent economics of our operations in California are evident from the high gross profit margin we are delivering for minor expense. With the addition of VG-6, production is set to continue to increase through 2020, following a strong 2019 where we added incremental wells and grew our income profile."

[5chipper] 25/2/2020 20:53

"Currently being sought" does not mean application has gone in.

If you are currently seeking a new job you have not yet necessarily applied.

[grannyboy] 25/2/2020 08:43

This statement was in the 18/12/2019 RNS, Project Update ..

"Regulatory approvals to re-commence the EWT are currently being sought, once these approvals have been received, the equipment will be mobilised to site at the earliest opportunity and the EWT will re-commence"

So contrary to the RNS that was posted on the 20/2/2020, where they state that they have just presented the redesigned plans to the EA, and expect this process to take between 4-6 weeks.

It would appear the right hand dosn't know what the left hand is doing, and all the partners need to get their acts together and stop changing the timeframes from one RNS to the next.

[divmad] 25/2/2020 05:46

It is not at all a sure thing that the EWT will piece the WN B site drill, despite what the magic duo have said publicly.

[stockport loser] 24/2/2020 17:46

who cares?