Reabold Resources Share Discussion Threads

[currypasty] 01/9/2021 15:08

Im sorry, but Im concerned with success showing in the shareprice, and to date it demonstrates dismal failure

[dan de lion] 01/9/2021 15:06

So the testing was a success although they manage to so damage it that it failed to flow, but they now know better on how to test the next well, oh yes, Victory is now a valuable asset considering that the gas price has gone up.

Nothing about the other assets.

[32campomar] 31/8/2021 20:03

This is now at the low of the stock market crash in March 2020. Regardless of whether Investors are disappointed, a market cap of £24 million is on any measure far too low and as we saw in March 2020 it will prove a bargain buy price.

[32campomar] 31/8/2021 19:58

Thankyou for a sensible post, makes a change on here

[steelwatch] 31/8/2021 19:43

toon - listen to Stephen Williams from about 4 mins 30 secs in. You may need to play it several times, but he talks about data gathering to allow them to design the ultimate field development, which is where my impression arose. More used to offshore where most appraisal wells are not designed as producers and where the operators go on to drill separate production wells specifically designed for that purpose. Most, if not all offshore appraisal wells get plugged, successful or not.



As you say, we'll see. If the appraisal program proves up a large commercial field, they may farm out or sell West Newton and let someone else deal with the development. Hopefully we'll both be skipping over the horizon with full swag bags by then.

[currypasty] 31/8/2021 17:22

"they blew it with over acidising "

is this the crew we had to wait for from Eastern Europe?

[thetoonarmy2] 31/8/2021 17:04

Steel 13 weeks and millions spent on Bz1? You don't think it BZ1 was expected to be a producer?Please not wanting to argue with you but you are not thinking straight they blew it with over acidising it of course they wanted it to produce, biggest issue for me and many others why they didn't test WNA it's now 2 yrs virtually since they drilled it wonder how much fluid is still down that hole or maybe it's healed up :)

[grannyboy] 31/8/2021 16:04

The clowns at Rathlin expect the EWT at A-2 to take about 4 weeks, so best to treble that, then double it..

[anley] 31/8/2021 15:12

Over 300m shares traded - 30 and 31 Aug - that must be telling shareholders something.

What is going or has gone wrong?

[theaviator] 31/8/2021 14:07

Good stuff .Am going to take one last dip at 42 or 44 then am waiting it out until 2023/2024 halfing time. I think it crashes down to 20k and below at some stage surely?

[brut winky] 31/8/2021 13:51

Not bad cheers, been in and out of KOD a couple of times but missed the last rise over the last couple of days.

You still out of Bitcoin, been tempted to buy into any dip.

[theaviator] 31/8/2021 13:28

All well generally? Good summer?

[brut winky] 31/8/2021 13:26

Got some, will get some more if they drift any more.

[theaviator] 31/8/2021 13:03

I have bought and as ever will continue to. If you look at the market cap its a nice clue... However am 70% out of markets still as there is a mamouth crash a coming...

[brut winky] 31/8/2021 12:59

Still haven't bought yet, but what is the saying about sell the rumour and buy the news.

[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!