Reabold Resources Share Discussion Threads

[likeawalrus] 28/2/2024 11:09

not important but the deadline for submitting comments re CS has been extended from 10/03 to 27/03

[likeawalrus] 28/2/2024 10:26

the disclaimer at the start of the presentation basically says dont rely on a single word in this presentation when making investment decisions...makes me wonder, what is the purpose of it then?

[uggy100] 27/2/2024 21:47

GP. As usual the 2 crooks are big on verbal & dreadful on facts. They will tell you as little as possible while continuing to destroy this company.
What they've done borders on criminal.

[greypanther2] 27/2/2024 14:38

Today’s RNSs from UJO and Reabold contain some interesting points but, rather unfortunately IMO, neither of them mentions the expected cost of the directional well, other than saying its “offering significant cost savings compared with a horizontal well”. The gross cost of the horizontal well was originally expected to be of the order of £12 million, or £2.0 million net to UJO’s and Reabold’s 16.665% equity share. However, RBD’s presentation for their Edinburgh meeting tonight reveals slightly more about the directional well’s expected cost: £6.4 million for the well plus £3.0 million to test it, or £9.4 million in total. Of this smaller sum UJO’s and RBD’s share would be “only” £1.57 million and Rathlin’s 66.67% share would be about £6.27 million. So I suppose Reabold could conceivably bail out Rathlin by using the greater part of £9.1 million of cash that they say they have in the bank after receiving the final payment from Shell for Victory. But will they, I wonder? In their RNS UJO also said “An additional material secondary target in the deeper Permian Rotliegend Sandstone will also be evaluated during drilling of the WN-A3 or by the re-entry of WN-A1”. IMO the last point could be very important as the published data for the WN-A1 well shows that the well was suspended with only a 7 inch casing / liner over the Rotliegend gas-bearing interval. That could mean that re-entering the A1 well could be done quickly and quite cheaply, probably for about £0.5 to less than £1.0 million by using a much cheaper work-over rig. This could mean that an A1 re-entry well in 2024 is still a strong possibility.

[fireplace22] 27/2/2024 12:50

Hard to believe as it may - they can. I'm certainly not advocating either.

[32campomar] 27/2/2024 09:48

Can't be any worse than the current lot. Total waste of space.

[likeawalrus] 27/2/2024 09:25

uggy I dont understand why 80% of the votes were cast in favour of 2 CEOs milking the company as hard as they can, are the big investors that naive or can they see something that I cant? sold 2m this morning and switched into Beacon Energy - could/should be big news soon

[fireplace22] 27/2/2024 08:46

If Starmers in, RBD will become the least of worries no matter how deep you're in.

[32campomar] 27/2/2024 08:41

It?s a farce.How many years has West Newton gone on for ?By late 2024 there will be a labour government who will stop all new drilling.I predict WN will never happen Incompetence doesn?t even come close to describing it.

[uggy100] 27/2/2024 08:38

law, surely you're not accusing our 2 glorious leaders of being devious lol.

[likeawalrus] 27/2/2024 08:24

just enough spin to keep investors thinking success is months away...it makes me wonder if they called all the big investors with this update in advance of the vote, were the little guys left in the dark?

[currypasty] 27/2/2024 08:17

so despite WN being such a major fantastic project, Rathlin still cant get a JV to fund it.. An RNS of promises and hopes

[wisteria2] 27/2/2024 08:13

Uggy, i Must admit to coming round to your way of thinking in regards to the management! the proof will be west newton drilling or not!

[wisteria2] 27/2/2024 08:05

Digest...COULD

subject to the operator, Rathlin (UK) Energy Limited ("Rathlin"), securing sufficient funding to drill and test the well. There is an active process underway to assess options to source funding for Rathlin's share of the cost, including through a farmout, or through further investment from Reabold, which, following the receipt of the proceeds from Shell, the Company could potentially provide, in addition to funding its own share.

[likeawalrus] 27/2/2024 07:51

still using Euro 11m pa for CS despite gas falling to Euro24 (E.45 used for the Euro 11m projection)

[steelwatch] 27/2/2024 07:31

WN B horizontal kicked into touch for the time being. Conveniently not mentioned.

[uggy100] 23/2/2024 14:55

Law, it makes no financial sense to me & mere highlights to me at least how clueless they are. No wonder the share price is where it is. How much longer are we going to have to put up with this useless pair.

[likeawalrus] 23/2/2024 10:25

it does seem as though using the October spike for their projection was reckless and misleading...but then I also believe they have hugely overpaid for 26% of LNenergy. it's an incredibly generous deal for LNe, as I have said before, even if CS is a non-starter, LNe & the Directors will still own 12.5% of Reabold...unbelieveable!

[currypasty] 23/2/2024 10:10

Why couldnt they see gas prices would fall.. pretty obvious to everybody else

colle santo smells a bit too me

[likeawalrus] 23/2/2024 10:08

gas fallen to Euro22.6 mwh this morning, almost half the Euro45 mwh that Reabold used for their E.11m-12m pa projection for colle santo Probably at least 2 years away from production so in that sense today's price doesnt matter but it will surely make raising finance more difficult

[uggy100] 21/2/2024 22:59

I actually don't think there's a seismic issue with CS. The 2 Wells already drilled are undamaged as far as I'm aware. It's the financial side of things that concerns me.

[ihardy66] 21/2/2024 09:00

hxxps://www.sharesmagazine.co.uk/events/event/shares-investor-evening-edinburgh-live-event-270224