Reabold Resources Share Discussion Threads

[solo4yous] 25/11/2024 18:59

I think so tooEven with bad news baked in most similar aim stocks are multiples cash in bank £6m+ is not pocket money look at UKOG how desperate they were raising cash

[simon_64] 25/11/2024 16:21

Someone obviously wants this company at a knockdown price, my strategy is buy as many as I can at subterranean level.

[kim_clay] 25/11/2024 14:56

The reason they are trading at less than cash is that today the company hasn't got the finance or revenues to progress the potential value of its assets, other than the re entry and recompletion of a well at WN which is about 750k to their 60% interest and the remaining obligation and cost of abandoning the other WN wells, they also have a 2mm gbp annual admin cost. They will require 60% of 12mm GBP to develop WN if the re completion is successful. They will require 30% of 11mm USD to excercise the CS option, and another 30% of 16mm USD to develop it.They have a non binding heads of terms with Gunvor to pre sell a proportion of CS production but as yet no permits, that loan will require security.

[solo4yous] 25/11/2024 08:31

1. Wash Trading and Narrative ControlMarket makers might use tactics like wash trading, where they buy and sell the same shares to create artificial trading activity. This can foster a perception of heavy selling, causing retail investors to panic and sell their holdings. This creates downward pressure on the stock price, even if no substantial news or actual selling from long-term holders justifies it.2. Price Suppression for AccumulationIf the stock is trading below intrinsic value (e.g., 20% below cash reserves), market makers might be suppressing the price to accumulate shares cheaply. By creating a bearish sentiment, they discourage buyers and encourage panic selling, allowing them to build positions at a discount.3. Disrupting Retail Investor PsychologyFrequent high-volume sales immediately after the market opens can destabilize retail investors' confidence. These early trades set the tone for the day and can create the illusion of significant selling pressure. This tactic could be designed to shake out weak hands before a potential upward move.4. Possible Alignment with Larger Institutional GoalsIf institutions or hedge funds are involved, market makers could be assisting them in a strategy to either short the stock or prepare for a strategic move (like acquiring the company or forcing a recapitalization). Keeping the price artificially low would align with these goals.5. Market Maker ObligationsMarket makers are obligated to provide liquidity, which sometimes involves executing large sales or managing orders in a way that appears aggressive. However, the timing and size of these trades suggest deliberate positioning rather than organic market-making.---Why Now and at All-Time Lows?Given the low stock price and fundamental metrics (cash in the bank, low expenditures), this could indicate a coordinated effort to create a narrative of ongoing trouble or impending bad news. If the stock price reflects value far below its intrinsic worth, it might also signal an upcoming event, such as:Takeover or acquisition attempts.News manipulation (either to position for a drop or a spike).Regulatory catalysts or disputes that have yet to be publicized.This behavior can discourage new investors from entering the market or prompt existing ones to exit, further lowering the price and facilitating accumulation.ConclusionThe immediate Monday sales and consistent sell-offs suggest deliberate price manipulation. This could involve wash trades, positioning goals, or efforts to suppress the stock price for strategic accumulation or institutional objectives. For retail investors, staying informed about the company's fundamentals and larger market dynamics can help navigate such tactics effectively.

[kingston78] 24/11/2024 19:47

Simon-64, your style of writing is odd, simply copying and pasting articles from elsewhere without your own introduction. We don't know what company you are talking about.

[simon_64] 24/11/2024 16:17

This has to be a Take over target with the directors and wives etc buying in at over .007 in July this year.

[simon_64] 24/11/2024 16:11

We are valued at less than cash with a producing asset in California and owed millions in legal expenses and lost production.

Collee Santo another asset is due to be signed off any day, we have five million invested in Danube another discovery in Romania and West Newton our flagship project biggest gas discovery in 40 years inland UK AAA accredited the best you can get for emissions, right next to key infrastructure and an 80% chance of success, this now by far the best bargain on AIM.

[simon_64] 24/11/2024 15:12

Everyone thought Cali was dead and buried myself included, it is now very much alive and will put to bed rumours of future fund raising as they can always offload their stake in DBRM once the share price recovers.

[simon_64] 24/11/2024 15:10

Sacramento Basin, Central California

Central California

This page updated 02/20/2024

In May 2022, we acquired Reabold California, LLC (“Reabold̶1;) from a third party. This property includes producing wells in both Monterey and Contra Costa counties of California.

Monterey and Contra Costa Counties, California (Reabold California, LLC)

In May 2022, we acquired Reabold California, LLC (“Reabold̶1;) from a third party. This property includes producing wells in both Monterey and Contra Costa counties of California. Reabold is a wholly owned subsidiary of Daybreak.

Monterey County Properties

The Burnett Lease and the Doud Lease are located in close proximity to each other in the Salinas Valley near Greenfield in Monterey County, California. They are part of a geological feature named the Monroe Swell. The Burnett Lease presently has two directional wells that are being produced from a depth of 2,900’ from the Beedy Sand zone. The crude oil being produced is approximately 17° API gravity. We have future plans of drilling one horizontal well on this lease and to convert an old well bore into a salt water disposal well (“SWD”). We are currently permitting the SWD well. The Doud Lease has four directional well bores that are temporarily shut-in awaiting further evaluation. The produced crude oil is approximately 23° API gravity. We have future plans of drilling one additional directional well on this lease. The SWD well for the Burnett Lease will be utilized for the Doud lease as well.

Contra Costa County Property

The Brentwood Lease is located in the southern portion of the Sacramento Basin in the East Bay region of the San Francisco Bay area near the City of Brentwood in Contra-Costa County, California. This lease is part of a geological feature named the Meganos Unconformity and produces both crude oil and natural gas. As of February 28, 2023, there were two directional wells producing from this lease. A work over was successfully completed on a third well to decrease water production and to increase crude oil production. This third well will be put back on production once the Sunflower Alliance lawsuit with the State of California is settled and a SWD permit has been approved. The wells are producing from the Second Massive Sand from a depth of between 4,000’ 4,500’. The crude oil being produced is approximately 38° gravity.

Central California Drilling Plans

In the Monterey and Contra Costa County project areas we plan to drill two disposal wells, one in each county, which will allow us to return to production the 10 wells that were a part of the Reabold acquisition. We are awaiting the settlement of the Sunflower lawsuit against the State of California and CalGEM before we can receive final regulatory approval to proceed with these projects. We do not anticipate proceeding with these projects in the 2023 – 2024 fiscal year.

[simon_64] 24/11/2024 15:09

We plan to drill three development wells and one SWD well in our East Slopes project area in the 2024 – 2025 fiscal year once additional financing is put in place. When new financing is secured, the capital investment required for the three development wells and one SWD well is approximately $800,000.

[simon_64] 24/11/2024 15:08

East Slopes Project

Kern County, California

This page updated 2/20/24

Kern County, California (East Slopes Project)

The East Slopes Project is located in the southeastern part of the San Joaquin Basin near Bakersfield, California. Drilling targets are porous and permeable sandstone reservoirs that exist at depths of 1,200 feet to 4,500 feet. Since January 2009, we have participated in the drilling of 25 wells in this project, of which 20 wells were successful. We have been the Operator at the East Slopes Project since March 2009.

Our 20 producing crude oil wells in the East Slopes Project produce from five reservoirs at our Sunday, Bear, Black, Ball and Dyer Creek locations. The Sunday property has six producing wells, while the Bear property has nine producing wells. The Black property is the smallest of all currently producing reservoirs, and currently has two producing wells at this property. The Ball property also has two producing wells while the Dyer Creek property has one producing well. We have no natural gas production associated with the East Slopes Project.

There are several other similar prospects on trend with the Bear, Black and Dyer Creek reservoirs exhibiting the same seismic characteristics. Some of these prospects, if successful, would utilize the Company’s existing production facilities. In addition to the current field development, there are several other exploratory prospects that have been identified from the seismic data, which we plan to drill in the future.

Sunday Property

In November 2008, we made our initial crude oil discovery drilling the Sunday #1 well. The well was put on production in January 2009. Production is from the Vedder Sand at approximately 2,000 feet. During 2009, we drilled three development wells including one horizontal well: the Sunday #2, Sunday #3 and Sunday #4H wells, respectively. During May and June 2013, we drilled two additional development wells: the Sunday #5 and Sunday #6. The Sunday reservoir is estimated to be approximately 35 acres in size with the potential for at least five more development wells to be drilled in the future.

Bear Property

In February 2009, we made our second crude oil discovery drilling the Bear #1 well, which is approximately one mile northwest of our Sunday discovery. The well was put on production in May 2009. Production is from the Vedder Sand at approximately 2,200 feet. In December 2009, we began a development program on this property by drilling and completing the Bear #2 well. In April 2010, we successfully drilled and completed the Bear #3 and the Bear #4 wells. In May and June 2013, we drilled three additional development wells, the Bear #5, Bear #6 and Bear #7, on this property. In November 2013, we drilled and put on production two additional development wells: Bear #8 and Bear #9. The Bear reservoir is estimated to be approximately 62 acres in size with the potential for at least eleven more development wells to be drilled in the future.

Black Property

The Black property was acquired through a farm-in arrangement with a local operator. The Black property is just south of the Bear property on the same fault system. The Black #1 well was completed and put on production in January 2010. Production is from the Vedder Sand at approximately 2,200 feet. In May 2013, we drilled a development well, the Black #2, on this property. The Black reservoir is estimated to be approximately 13 acres in size with the potential for at least three more development wells to be drilled in the future.

Ball Property

The Ball #1-11 well was put on production in late October 2010. In June 2013 we drilled a development well, the Ball #2-11, on this property. Production on this property is from the Vedder Sand at approximately 2,500 feet. The Ball reservoir is estimated to be approximately 38 acres in size with the potential for at least three more development wells to be drilled in the future.

Dyer Creek Property

The Dyer Creek #67X-11 (“DC67X”) well was also put on production in late October 2010. This well produces from the Vedder Sand and is located to the north of the Bear property on the same trapping fault. The Dyer Creek property has the potential for at least one development well in the future.
Sunday Central Processing and Storage Facility

The crude oil produced from our acreage in the East Slopes project is considered heavy crude oil. The crude oil ranges from 15° to 17° API gravity. All of the crude oil from our five producing properties is processed, stored and sold from the Sunday central processing and storage facility. The crude oil must be heated to separate and remove water to prepare it to be sold. In 2013, we completed an upgrade to this facility including the addition of a second crude oil storage tank to handle the additional crude oil production from the wells drilled in 2013. In 2022, we added a second 3,000 Bbl wash tank to assist in processing the current production at the facility.

[simon_64] 24/11/2024 14:59

hxxps://daybreakoilandgas.com/

[likeawalrus] 23/11/2024 10:59

"If CS doesn't go ahead we're toast."

if CS permits are refused our investment in LNenergy Ltd will be almost worthless - it probably depends on any residual cash either with Ltd or Ltd's 20% of SRL.

My worry is that there may be a lengthy and expensive appeals process which will mean Ltd tapping RBD for more cash, plus of course the option will expire which will complicate things.

If CS is refused RBD still has circa £7m cash (less cash-burn) with one more asset (WN) hopefully in play in a few months but the share price will drift down and down until we have WN news.

Meanwhile the Chuckle Bros win whatever happens, they will continue to take outrageous salaries until the cash has gone or CS or WN delivers (in which case big bonus time for the parasites)

[solo4yous] 22/11/2024 10:58

I've messaged Sachin on Linkedin

[simon_64] 22/11/2024 10:42

It would be nice to get an R.N.S from Daybreak around lunchtime and the shorters will get caught with their pants down.

[simon_64] 22/11/2024 10:39

Icing on the cake would be something positive from ADX regarding Parta in their December results and a drilling date for W.N.

[solo4yous] 22/11/2024 10:37

Matter of time Excellent risk Vs reward So much bad news baked inEven the value of COLLE SANTO IS a big fat zero As we are below cash levels and under no debt arrangements with LNenergy

[simon_64] 22/11/2024 10:20

Let's see if Daybreak issue an R.N.S later, maybe that is why we haven't yet.

[simon_64] 22/11/2024 10:03

I think we will see some volume today.

[simon_64] 22/11/2024 09:56

Anybody buying in now at this price for the first time, will make a small fortune.

[currypasty] 22/11/2024 09:44

"This decision is a positive outcome for California’s oil industry because it maintains the streamlined process for well conversion projects that meet CEQA’s standards. The Court's rejection of the rehearing reinforces the validity of allowing similar projects to proceed with greater legal certainty."

its good news, but i doubt they will rns... its a mere detail us plebs shouldnt concern ourselves with

[nicosevos] 22/11/2024 09:35

Any chance of a RNS update......
gla

[simon_64] 22/11/2024 07:32

It is fantastic news the production costs will drop from approx $36 per barrel to around $13-$14 per barrel and a couple of discoveries can now be put into production, Daybreak were just waiting for this settlement.