Reabold Resources Share Discussion Threads

[shutittrev] 31/7/2018 19:54

Mike Walters rates this. He tipped at lower levels. He has just written a very detailed report about the possible multi bag potential of Reabold and the future goodies and price points we have in store. Unfortunately, I cannot reproduce due to copyright.
Www.michaelwalters.com is the site and the entrance fee is £1.44 per week (75 quid per annum.) Good luck.

[jungmana] 31/7/2018 18:38

That's a good close. 52wk high is 1.12p and that's the next target if we can breakout of 0.85p

[ileeman] 31/7/2018 14:07

Just the start.

Newsflow has only just started will only get thicker and faster. Drilling non stop only a matter of time before we get a strike.

2.5p-3p year end target.

[tewkesbury] 31/7/2018 13:22

Malcy on RBD
Posted on 30 July 2018



Reabold Resources

An update from California from RBD this morning at the Monroe Swell where they have a 50% interest post the Gaelic Resources deal. A four well workover programme at Doud A-1,A-2, A-3 and A-7 is underway with pumping units in all four and intervention in A-3 and A-1 wells giving ‘significant oil shows in both wells’.

As I have mentioned more than once these wells give a very meaningful and swift return, Steve Williams, Co-CEO says, ‘early cash flow and impressive financial return metrics provide much encouragement for the subsequent drilling activity’. RBD offers an invaluable opportunity to partake in a number of high impact wells in diverse locations and with differing betas, enjoy the ride…

[theaviator] 31/7/2018 12:39

Plenty trades not showing either. Took a few more earlier and still nothing showing

[theaviator] 31/7/2018 12:24

He had a wee fashion trip to India Simon. Spent a fortune on a Sari and came home with a Sarong. Sari I was Sarong lolWe'll put it down to a heatwave in Wales.

[simonsaid1] 31/7/2018 12:04

Yes I'd ignore the buy/sell colouring, as the spread is razor-thin right now and there's no way to tell.

[1bluehorseshoe] 31/7/2018 12:03

A lot of trades in red are actually buys, must be below mid

[simonsaid1] 31/7/2018 11:42

Anyone with experience investing in US oil and gas knows how different their culture is and how quickly work gets done. Expect newsflow from the other workovers as well as the proper wells (the latter being the real 'meat' here) very rapidly indeed.

When I spoke to Stephen Williams a few weeks ago he told a story to give an indication of the way those teams work in the US. When Reabold were assessing the Gaelic assets, they were taken to see the various sites involved. One was up a slope which was only accessible via 4x4. The Gaelic team said 'Hmm, this really needs a proper access road'. When Stephen spoke to them the next day, the road was complete.

The shale boom led to a culture in the US oil industry of extreme professionalism and speed. The sheer volume of work for these crews is huge, meaning they're all very experienced, well-equipped, and fast. This is why I was so happy to see Reabold making a US investment, despite their stated European focus.

Again - expect extremely rapid newsflow from the California assets.

[jungmana] 31/7/2018 11:39

This is still under the radar of most pi's. But soon that will all change and the herd will arrive.

[1bluehorseshoe] 31/7/2018 11:28

Won't be long before sub 1p is a distant memory

[jungmana] 31/7/2018 11:13

'Construction of the West Brentwood dilling location will take place this week. West Brentwood will be the first well to be drilled on Reabold's California assets, and we expect the well to spud in August.'

[3roach] 31/7/2018 11:12

Just brought in this morning, thanks for the heads up on the Amer thread.
Looks promising here.

[jungmana] 31/7/2018 11:01

Flow rates from the A3 and A1 wells should be end of this week imo. And then spud news of west brentwood.

[kinkell] 31/7/2018 08:45

Tewkesbury

Thanks for reply. Have not been able to access first one but second was very interesting.

[genieuk2003] 31/7/2018 08:33

Nice movement in the last couple of days and this morning. I expect It'll shoot up very soon on continuous news.

[jungmana] 31/7/2018 08:05

Up we go :-)

[dandadandan] 31/7/2018 05:28

RBD has now produced its first barrel of OIL in California.

It is officially now a producer.....

Well done S & S. It is time to buy the JR Stetson hats.

Check out the twitter feed.

goo.gl/M9dJGr


GLA.

[theaviator] 30/7/2018 20:18

Travelling most of day and just checked the price. Great to see it move. End of year will be in a v different place so hang on tight!

[tewkesbury] 30/7/2018 18:42

And all of this presentation from Dec 2017:

[tewkesbury] 30/7/2018 18:36

kinkell

RBD's CEO:



Listen from 2 min 10 sec onwards for the 3 strands to their approach to investment.

Then from 9 min 43 sec for California + Romania.

From 16 min 00 sec on "return of cash to shareholders" and 17 min 00 sec on "exiting".

[luckyman3] 30/7/2018 18:05

they would sell out their share of colter only

[kinkell] 30/7/2018 16:10

Are you sure that he did not mean 'sell the relevant subsidiary', rather than the company?