Reabold Resources Share Discussion Threads

[soulsauce] 03/3/2021 07:43

The boy wonders trying to take Delt over but ended up with egg on face.
Whatever they do usually ends up in the issue of billions more shares.
It reads to me as they have another (not so) cunning plan.

[c2b] 03/3/2021 07:37

Delt? Please explain...

[soulsauce] 03/3/2021 07:19

I can feel another Delt situation coming on.

[currypasty] 02/3/2021 08:07

I guess it would be an initial estimate until a pipeline is built.. As we have seen with UJO, at Wressle, it takes ages to get up to speed..zzzzzz

[grannyboy] 02/3/2021 08:03

Well if it is anywhere near your estimates canigou(prior to EWT), then it would be a great disappointment, and shareholders have been led up the garden path!

I was under the impression that production would be so great that a pipeline would be layed to pump the gushing oil straight to the refinery!!

[canigou2] 01/3/2021 21:21

I'm not sure what the point of this is.

Is this also based on production expectations? If WN has North sea like properties this could really blow those estimates, or are my own expectations (hopes!) just completely unreal. For example that production profile by inference/guesstimate indicates only approx. 3mm bbls of production over the next 20 years. Not exactly mind blowing (albeit the revenues are still substantial, 1000 bopd equates to $20m/yr at $60/bbl. And then there is the gas.)

Am I wrong to expect more? "146mmbbl of liquids (base case)". Admittedly that is in place, but average recovery rates for the North Sea are >40%

I hope local residents are given a real headache! 1 HGV/hour maximum, that is less than your typical country road.

[and frickin' get on with the test and stop us all guessing! lol]

[canigou2] 01/3/2021 20:47

Thanks CP.

For those interested 490 tonnes equates to approx. 3500 bopd initially, declining to <1000 bopd after 5 years (depending on specific gravity and conversion factor). High case scenario? But all plucked from the sky without the EWT!

[currypasty] 01/3/2021 20:31

The profile is an estimated maximum-case scenario based on a high case of returning hydrocarbons of 20-25 HGVs over a 15–20 year period which is not expected to result in a significant effect.

[grannyboy] 27/2/2021 19:43

CURRY, I go on the 'contact us' link and fill in name and email address, and then the message box... Obviously works because I've touched a raw nerve.. though they never reply.

[harry shang] 27/2/2021 18:18

Agreed. Mates salaries and loss of credibility in a loser on their investment to date in Corallian in excess of £4mm.

[judijudi] 27/2/2021 17:54

curry,
The Reabold renumeration committee and the incentivisation of management by way of lobbing out shares reminds me of another share I have in my portfolio 😩

[currypasty] 27/2/2021 17:24

what email address do you use.. ive had no reply so far

[grannyboy] 27/2/2021 16:42

They obviously didn't like my suggestion on where the £million should really have been invested and it wasn't in Corralian, which is dead money for at least two years, whereas investing the money in California would have increased income sooner than the Corralian route, eleviating the need to keep diluting shareholders, but really the investment is to pay their mates at Corralian their salaries.

I've clearly rattled their cosy world and they don't like it!

[soulsauce] 27/2/2021 12:20

They would sooner keep feeding the money pit that is Corallian at shareholders expense than do anything sensible like that.

[canigou2] 27/2/2021 11:42

And what about this?California - "Timing of subsequent drilling activity is subject to oil price."Well the oil price is $60+ and improving quickly, so S&S what is the plan to capitalise?

[canigou2] 27/2/2021 11:29

EWT to commence in February? That went well. Not a snifter!This is a significant milestone. It is not ok to miss a deadline like this without updating shareholders. We all understand that there may be difficulties mobilising staff and equipment presently. But any changes should be communicated to the market quickly, otherwise it is very damaging to RBD's credibility and potentially the share price. S&S must realise this, its their effing job!

[currypasty] 27/2/2021 10:04

how can their interests be aligned when their options are at no cost, and any pressure in actually getting a result here has been kicked down the road another year?


a typical Friday afternoon, no one watching O'clock scumbag RNS


where is the EWT promised to start February in the last presentation?

[soulsauce] 27/2/2021 10:00

'further align their interests with shareholders'

LOLOLOLOL w*nkers!!

[soulsauce] 24/2/2021 17:07

🥱🥱&#129393;👎

[currypasty] 24/2/2021 16:58

when is corallian going to be monetised ... when is the pumping money in going to show results on OUR shareprice

Do the two boy wonders realise why we are actually investing here? Hello, its not to provide lifestyles