Reabold Resources Share Discussion Threads

[steelwatch] 31/8/2021 11:33

toon - the impression I got was that they are not testing the Cadeby as it has not been mentioned. Tight hole possibly on that? Or maybe not viable?

From the RNS 25 May:

The West Newton B-1z completion and testing operations are targeting hydrocarbons in the conventional Kirkham Abbey Formation reservoir.

I also got the impression the purpose of the B1 and B1-Z were to inform on the B2 well targeting, rather than as a potential producer. As you say, I could be spouting b*ll*x :)

[theaviator] 31/8/2021 11:08

No, I'm one of those who sees opportunities and what is ahead. Straight onto A2!

[grannyboy] 31/8/2021 11:05

therectum, you are one of those who pump a share on an uninspiring rns while selling out before the share price falls further!

[theaviator] 31/8/2021 10:53

Ps I'm incredibly calm and over the moon to get this price. You keep glue sniffing Broken man

[theaviator] 31/8/2021 10:52

You are totally and utterly clueless!

[theaviator] 31/8/2021 10:51

You another of the Dan team eh?!!! If you can't see why you shouldn't be investing!!Onto A2 and let's not forget Victoria! :)

[grannyboy] 31/8/2021 10:50

therectum you need to calm down, stop spluttering, and TRY and compose a couple of sentences that make any sense.. Because you have reverted back to your normal Neanderthal ranting!!

And there's been many claiming they are a bargain..all the way down from double the s.p..

[theaviator] 31/8/2021 10:42

You think we think you sticking here to save our souls??! Idiot! What a bargain.

[grannyboy] 31/8/2021 10:27

Let's look at the facts... Rathlin have NEVER completed anything, except emptying the moneybank... The two excessively paid ceo's in here have not achieved anything of note... The rns's they reluctantly churn out are ALWAYS uninspiring and 'jam tomortow' fare..

[steelwatch] 31/8/2021 10:24

toon - don't think they will sidetrack B1-Z. The planned B2 well using the second cellar on the pad is the most likely option, though may be delayed into late next year now, if it goes ahead.

[grannyboy] 31/8/2021 10:14

Hahahahaha... "With their assets it's a remarkable under-valuation"

Yes apparently they have been undervalued for a number of years.. There's an obvious reason for that!!

[32campomar] 31/8/2021 08:57

Market cap 25 million pounds and fully funded with cash in the bank. With their assets it's a remarkable under-valuation.

[cantrememberthis2] 31/8/2021 08:27

YupHTTPS://mobile.twitter.com/DeepValueHunte1/status/1432605681681580035

[ccr1958] 31/8/2021 08:14

No it ain’t over .

[soulsauce] 31/8/2021 07:57

Bit of a mixed bag really but certainly not anywhere near what BMD was suggesting.

[32campomar] 31/8/2021 07:47

Also note 'RBD are fully funded for the works'

[32campomar] 31/8/2021 07:43

UJO's RNS so much easier to understand Good quality gas recovered and incinerated at surface, consistent with gas flowed from WNA-1 and WNA-2 wells- Gas analysis report indicates approximately 90% methane, 4.5% ethane and no H2S (Hydrogen Sulphide)

[kirkuk] 31/8/2021 07:43

And Romania?? And California??

[currypasty] 31/8/2021 07:33

As expected, the reservoir has demonstrated a dual permeability system, with natural fractures alongside a lower permeability matrix. Completion fluids were injected into the formation at a rate constrained by the pumps on site at 5.7 barrels per minute (8,208 barrels per day).

However, the Kirkham Abbey reservoir appears to be sensitive to the drilling and completion fluids. We see clear signs of reservoir damage in near wellbore areas. This is probably preventing more significant flow at this time. Testing to date has not yet returned all the completion fluids injected into the formation and a measurable flow of hydrocarbons has not yet been achieved.

The B-1Z well will therefore be suspended with pressure gauges monitoring pressure build up in the well bore, with a view to further testing following the results at the A-2 well.

The testing equipment will now move to the West Newton A site, where we will re-start the previously interrupted test at the A-2 well.