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[1bluehorseshoe] 01/8/2018 10:55

There's more than enough halfwits here now

[jungmana] 01/8/2018 10:31

Wick spuds next month. That should get the attention of the ukog crowd if California doesn't.

[tewkesbury] 01/8/2018 09:38

Only a matter of time before the UKOG and Angus crowd latch on to what we have here.

[costax1654x] 01/8/2018 09:17

Regal Petroleum had the best RNS I have seen in months

[jungmana] 01/8/2018 08:44

And must add , about £9m cash in the bank :-)

[cashandcard] 01/8/2018 08:41

After an age, the Markets are finally taking notice of the portfolio and activity here.Cash

[jungmana] 01/8/2018 08:41

Drilling and producing in California, wick and colter drills in UK, huge Parta appraisal drills in Romania, all happening this year.Exciting stuff

[5chipper] 01/8/2018 08:30

Mcap still only £24m. With a few million in the bank for investment.

Imv still good value

[jungmana] 01/8/2018 08:26

I would say 3p by Xmas. Just to be conservative :-)

[tewkesbury] 01/8/2018 08:25

10p by Christmas. This is going to blow.

[jungmana] 01/8/2018 08:23

I agree there Dan. Full ask being paid now. 1p today?

[dandadandan] 01/8/2018 08:21

It looks like the herd have not arrived yet.

Still below 1p, what a bargain.

The nice thing about Monroe Swell is that the US team get things done and no holding back.

We need a road in place to gain access, then in a day or two it is completed. 24 hours to get it done. Compare that to Eastern Europe when a permit takes two years just to put it into the right department.

Lets see what the next few drills produce. $$$$$$$s

Don't forget the strategy. They will monetise at the right exit point. Minimum risk for gain. Those City Inst Investors knew a good thing when they spotted the S & S team.

GLA.

[theaviator] 31/7/2018 21:06

Just needs even one drill to come in - that is the beauty I guess. If Wick or Colter hit gold I can only begin to imagine. Dont know a better risk reward play and we in at the beginning tbh

[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.