Reabold Resources Share Discussion Threads

[dandadandan] 15/8/2018 10:13

Great potential here and it has not yet gone over 1p yet.

Crazy summer UK market, IMO.

Brentwood rig in place and the seismics/technology these days increase the success rate significantly. They have done their homework well.

Oil price is also going UP.

GLA.

[ileeman] 15/8/2018 09:49

Remember no drill is 100% success guaranteed, all low risk however but it will only take 1 or 2 hits to see a substantial increase in share price.

Makes this one of the best plays on AIM and although we have moved up a little bit I am surprised the wider market is not on this yet, no doubt they will be once we get some good results.

[missjojo] 15/8/2018 09:43

RIG MOBI

Get in now if on sidelines

[dandadandan] 15/8/2018 08:59

Monroe Swell - 4 wells going into production.
Nice update....

Just start counting the $$$$$s income next.

Brentwood and WICK get ready?

The US market will wake this up next as they like Oil profits.


GLA

[missjojo] 15/8/2018 08:43

Sell off? 753,419 bought and 79324 sold.

[alamaison5] 15/8/2018 08:35

In the mean time the sell off continues...
.85 on ASK soon...

[jungmana] 14/8/2018 23:10

august/september - 3 high impact back to back drills in california
september/october - wick drill
november - colter drill
december - parta romania

[top tips] 14/8/2018 15:31

Good Q&A with the two Reabold bosses:

Reabold Resources - Update on Reabold California
Mon, 13 Aug 2018, 03:45pm BST

[simonsaid1] 14/8/2018 15:31

Wick was an exploration asset that Reabold got indirectly by investing in Corallian. The Corallian investment was likely primarily to gain exposure to the Colter prospect, which is appraisal stage and a better fit for the Reabold business model.

All this said, Reabold have zero cost obligations for Wick, or Colter or any other Corallian wells, as they are investors in Corallian, not partners in these wells directly. This means if Wick does not strike oil, the downside risk for Reabold is extremely limited. Reabold have a 32.9% interest in Corallian, which has 40% interest in Wick. So a miss won't have much impact on Reabold.

If it does hit though, and the structure they're going for is as indicated, it's a big hit, and will disproportionately benefit all involved due to the low costs. Over 50 million barrels recoverable by Corallian's estimates, due to the high relief of the structure, 5 kilometres up-dip from the Lybster field, which has been developed from onshore. It is also de-risked somewhat by 3D-seismic and the presence of several nearby discoveries. The drill will cost Reabold nothing, and as a shallow offshore jackup will only cost the direct investors £4-5m which is extremely low for a chance at this level of OIP.

Also worth noting that the principle company involved in Wick is Upland (UPL), whose well-respected CEO Stephen Staley has shown considerable confidence in Wick and placed £3m of shares in his company toward spudding it. Staley is a 30-year veteran in the industry and alongside various very successful juniors, has also worked for BP and Conoco.

[theaviator] 14/8/2018 14:38

Al Wick was in effect a freebie you buffoon! Great deal the boys did there. DYOR and read some rnss. Also go on the Corralian website.

[ileeman] 14/8/2018 13:20

@Tewkes although I dont like to compare to UKOG as it has been a disaster especially with with David Lenigas misleading people but it shows you how crazy the market can be on UK drills with the right sentiment and coverage.

Come Wick and Colter we will get the UK media all over it so do not be suprised to see some enourmous moves assuming one hits...confident Colter will given the geology.

Colter is worth by itself (not including follow on potential) 1.4p but given how AIM always over reacts on moves, expect a lot more.

[tewkesbury] 14/8/2018 12:52

RBD starting to look very interesting. Just a pity the thread heading is not more informative about the numerous assets and upcoming drills. They could easily 5 bag by Christmas on one or two good results and revenues from California.

[theaviator] 14/8/2018 12:47

Well then they could do with your wisdom on those bbs no doubt!?

[alamaison5] 14/8/2018 12:41

Buying and bought: OPHR, AMER, LEK

[alamaison5] 14/8/2018 09:47

And again, what's the bopd gona be? 50 or 1,050?
Could make a song with this!

[cashandcard] 14/8/2018 09:22

luckyman,


True. It is exploration - well aware of that. RBD were after the Colter discovery when they took their stake in Corallian. It just happens that by virtue of taking a significant stake in the controlling vehicle, they managed to bag a share of everything else in its stable of assets. It (Wick) wasn't the rationale behind the Corallian deal, Colter, and perhaps Oulten were. Most certainly Colter, its a discovery a couple of miles from Wytch Farm so an excellent appraisal opportunity. They have since added Curlew to their stable.


Cash

[ileeman] 14/8/2018 09:16

Not sure what the exact CoS on the Cali drills are but assume they are very as again drilling on/near producing fields.

[ileeman] 14/8/2018 09:13

40% CoS Wick exploration but situated near a producing field.

[alamaison5] 14/8/2018 08:21

lucky: At least someone who's done some research. RESPECT!
The rest, lol, a bunch of rampers...

Just made few box on PAT and I can guaranty you that I am the ONLY one ;-}
Still holding, 50,000 for the next round.

Sold Esur today: 35% profit in two weeks.

alamaison5 - 02 Aug 2018 - 08:27:51 - 5320 of 5332 BIKWIK and Technical Analysis
Buying ESUR and CEY.
200p and 114p






THIS IS TRADING FOR YOU KIDS...

[luckyman3] 13/8/2018 19:15

I believe the Wick well is an exploration and not an appraisal.
So a bit of risk for this one.

[simonsaid1] 13/8/2018 15:46

Lol look at him avoid where be got called out for not understanding how risk/diversification work, and thinking shares in issue has some profound negative meaning in AIM.

That's it genius, just keep shouting out lower share prices without justification. Because why not, right? Got to fill those 'funemployment' hours somehow.

Low-effort troll.

[theaviator] 13/8/2018 15:26

Lookikg good. Strong buying .899

[alamaison5] 13/8/2018 15:10

Bid about to collapse, lol. .8p next then .75p...We'll see who's gona laugh.
Idiots.
xxx