Reabold Resources Share Discussion Threads

[simon_64] 14/6/2024 07:22

More good news, keep it coming well done lads, let's see if you can persuade the rest of the board to purchase some.

[fireplace22] 13/6/2024 19:32

We have to move away from fossil fuels because as the less developed countries demand their fair share oil/gas will become evermore expensive and resources depleted. That should be the motivation for renewables not some fancy dogma on saving the planet.

[aspect100] 13/6/2024 18:32

Simon

It's true that WN seemed a good opportunity a few years ago,but the oil and gas business has changed a lot since then.

I think this is why the majors are moving out of the north sea.The tax problem was introduced by the conservatives,and I doubt it will change much with any party after the election - I don't trust any of them.

I think any reasonable BOD would consider some sort of different strategy at the moment.

[simon_64] 13/6/2024 18:02

Buy order being filled.

[fireplace22] 13/6/2024 17:42

Simon, I hope you are not doubting Starmers veracity!

[simon_64] 13/6/2024 17:36

aspect our foray into the US has turned into an unmitigated disaster all thanks to Kamran Sattar.

Hopefully the labour government will start to see a bit of sense once they are in.

West Newton will be sold off once production levels are established.

Parta has excellent prospects and grants and E.U funding available, but the operator A.D.X is putting all their resources into their Austrian prospects at the moment.

Colle Santo should hopefully come to fruition.

A.T.B

[aspect100] 13/6/2024 16:36

With this tax problem,RBD are like ENQ,UJO,and the other oil outfits in the UK.

I bought this last week because they may be a possibility they will get out of the UK altogether - something like UJO is doing in the US - lower tax,and easier regulations.

West Newton is going nowhere for years,and like a poster just said,they have messed about for years,and I doubt it will ever make a profit for RBD in the next five years.

They had $32 mln that could have been used for something else than buy backs,and trying to get WN into an operative field - it's not going to work.

What is WN worth? They should sell it if it's possible,and go somewhere else.

The Italian Job seems alright - what about some more assets in the US.

All my buys yesterday,and today,went through as sells.

[steelwatch] 13/6/2024 09:05

Buried at the foot of today's releasee:

The JV is fully funded for re-entry and recompletion and operational activity is anticipated to commence during 2024. Further updates will be provided in due course

edit: "releasee" = fat finger, LOL

[32campomar] 13/6/2024 09:00

How long as this west Newton charade gone on for ?I reckon they have messed around for 10 years talking about drilling it ? But I guess the longer it's drawn out, the longer they can pay themselves. I bet it never sees the light of day

[32campomar] 13/6/2024 08:57

Could be right there

[fireplace22] 13/6/2024 08:56

I thought it was no new granting of licenses. Anyway isn't WN just continuation of an existing project. I don't see why that would be affected. It'll probably take Starmer 10 minutes in No 10 to realise he's dealing in fantasies.

[32campomar] 13/6/2024 08:47

The incoming Labour government have made it very clear there will be no new oil & gas drilling.

[wisteria2] 13/6/2024 08:42

One hell of a can kick !!

NSTA Approved Revised Minimum Required Work Programme for PEDL 183:



· Re-enter and recomplete or sidetrack one of the currently suspended wells on or before 30 June 2026

· Re-enter and recomplete or sidetrack one of the remaining suspended wells or drill and complete a new deviated or horizontal well on or before 30 June 2027, and

· Submit a field development plan on or before 30 June 2027

[squiresquire] 13/6/2024 07:36

This is good news. Should get production by 2028.

[simon_64] 13/6/2024 07:16

Good news at last.

[aspect100] 12/6/2024 19:29

Just bought some of these - RBD is worth about 1p per share.

Those two should get only about 20% of that salary until they make a profit.

I still think it's worth buying at this price.

[fireplace22] 11/6/2024 16:31

It's a toss up who will last longer under Starmer, the country or RBD.

[uggy100] 11/6/2024 16:28

Call in the fraud squad is all I can say. They should have been brought to book years ago.

[32campomar] 11/6/2024 16:01

Just that Labour will ban all new drilling for oil & gas. West Newton has no chance. Shocking mis management by the BOD here to have dragged WN on and on for years

[currypasty] 11/6/2024 15:54

people selling, price falling, directors paid hansomly, no progress


have i missed anything ?

[aslamqadri] 11/6/2024 15:50

This is not real What the bloody hell is going on ?