Reabold Resources Share Discussion Threads

[westmoreland lad] 29/9/2021 16:58

OPEC+ Will Be Unwilling And Unable To Stop The Oil Price Rally - OilPrice.com

* Goldman Sachs claims that oil has entered a structural bull market, reaffirming their $90 oil prediction

* Oil inventories are seeing their largest daily drawdowns ever, and the growing global natural gas shortage will only increase demand for oil

* OPEC+ will ultimately be unwilling and unable to counter soaring oil prices

[dan de lion] 29/9/2021 16:11

I think that the idea of west newton drilling was to prove up the above, no success at the moment though.

[32campomar] 29/9/2021 15:57

Market cap of £17 million with £5 million in the Bank. Absolutely extraordinary. Are people forgetting even if it proves getting the oil out of west Newton is a problem, what about the huge amounts of gas down there? And the other assets. Never seen anything like it !

[fireplace22] 29/9/2021 15:49

and corallian.

[dan de lion] 29/9/2021 15:45

Anyone any idea how much the American assets are worth?

[monet] 29/9/2021 15:26

At market cap about £18m surely West Newton's gas/oil is priced in for failure now? If they can get the gas out there's going to be one hell of a bounce here..

[mike290] 29/9/2021 14:47

I have posted a similar note, to the one below, on the moderated Union Jack thread but those able to answer my questions may be on this Reabold Resources thread instead.

Here goes...

My understanding from one of UJO's most recent RNSs is that 480,000 cubic feet of gas per day is equivalent to 80 barrels of oil per day.

For now, ignoring any oil that might or might not be present at West Newton, the prospect's gas reserves are estimated at between:


Base Case:
211.5 bcf of gas initially in-place (GIIF)


Upside Case:
Gas: 265.9 bcf GIIP

I have read how recoverable oil (using primary and secondary techniques) as a percentage of oil in place can vary.

Does anyone on this thread know what percentage of the gas at West Newton might be recovered eventually?

This information will put us on the path of determining what the value of West Newton's gas might be.

Obviously, I am most interested in what Reabold's 56% of West Newton's gas might be worth.

I look forward to hearing from others.

[mike290] 29/9/2021 14:35

I have posted a similar note, to the one below, on the moderated Union Jack thread but those able to answer my questions may be on this Reabold Resources thread instead.

Here goes...

My understanding from one of UJO's most recent RNSs is that 480,000 cubic feet of gas per day is equivalent to 80 barrels of oil per day.

For now, ignoring any oil that might or might not be present at West Newton, the prospect's gas reserves are estimated at between:


Base Case:
211.5 bcf of gas initially in-place (GIIF)


Upside Case:
Gas: 265.9 bcf GIIP

I have read how recoverable oil (using primary and secondary techniques) as a percentage of oil in place can vary.

Does anyone on this thread know what percentage of the gas at West Newton might be recovered eventually?

This information will put us on the path of determining what the value of West Newton's gas might be.

Obviously, I am most interested in what Reabold's 56% of West Newton's gas might be worth.

I look forward to hearing from others.

[currypasty] 29/9/2021 14:27

not looking good

im too far underwater to contemplate bailing now.. just have to hope WNA actually comes good

[thetoonarmy2] 29/9/2021 08:01

Out of there depth you say little O&G experience? They have no experience whatsoever they are a couple city spivs

[soulsauce] 28/9/2021 19:10

Lol you are not alone aloafofbread.

[aloafofbread1] 28/9/2021 18:37

This is an irrational post that adds nothing to the BB but I've had a couple of drinks so I'll say it... I wish I'd never heard of Reabold Resources...

[canigou2] 28/9/2021 17:34

Its unbelievable that S&S cannot support the share price in this high price back drop. Beggars belief! I'm certain there are still a lot of positives to come from WN, despite maybe being less positive than first expected. There is still the gas and maybe oil (albeit Rathlin do not have the skill to exploit it, or so it appears). And then there is the Victory gas and Cali oil. Sigh. Incompetent, out of their depth. I don't know how best to describe them. Since they have very little O&G experience its very hard to see what they add here. It'd be great if they were replaced.

[nicosevos] 28/9/2021 14:26

222p/therm, December contract....FFS.....

[dan de lion] 28/9/2021 13:33

Given the current price of both gas and oil, the slightest whiff of success will send the share price crashing through the roof.

IMHO

[simon_64] 27/9/2021 18:23

Gas now 202 per therm bleeding mental mun.

[fireplace22] 26/9/2021 15:29

First glance I thought that was a tent as used by the swampies!