Reabold Resources Share Discussion Threads

[grannyboy] 05/11/2018 18:34

There's reports that they have the go ahead for drilling at Wick?!!!

[ileeman] 05/11/2018 14:03

@Cash

Drill ready, they are redrilling something that has already been drilled recently so nothing new.

[divmad] 05/11/2018 13:48

What you need is a few days of power blackouts this Winter, to force people to realise the strategic importance of domestic energy supplies. Then NIMBYISM will fall back.

[cashandcard] 05/11/2018 13:44

Interesting news, very few onshore gas prospects of this size left. Looking through available data from UJO, the prospect looks like a quick moneymaker if it comes in. Fingers crossed, they do not get hounded by nimby's like they did with Colter - which is not far off from being an entire year late.


Cash

[ileeman] 05/11/2018 09:32

Great news.

72% chance of success worth $247million total with the added bonus of a 22% CoS prospect of $850million.

72% CoS prospect worth almost double the current market cap on success.

As I keep saying it is just a matter of when this rerates not if, with 8 appraisal prospects planned in the near term all it takes is a couple of these to land and you will multibag your money.

And when they do hit success on the larger prospects think market will get a big wake up call when they sell them on for more cash than the cap.

[grannyboy] 05/11/2018 08:12

soulsource, Let's hope the BOD took that into consideration when negotiating the deal.

P.S they have planning permission for the first drill in 1Q, and is drill ready.

[soulsauce] 05/11/2018 07:57

It does grannyboy if the Nimbys allow drilling.
We all know the Wressle experience at Upland which was also basically an appraisal well. Seems there is an opposition to any onshore drilling now even when it doesn't include fraccing.

[grannyboy] 05/11/2018 07:52

Looks a good deal with plenty of upside, and early activity in the new year...plenty going on here.

[gibso6767] 02/11/2018 22:37

Hi Greatham is within sight of where I work , Ineos Seal Sands a Jack up
Berthed today , will try and identify it next week

[steelwatch] 02/11/2018 12:15

Whatever Brage Viking was towing has been dropped off at the Able UK shipyard, Teesside, where, amongst other activities, they carry out rig maintenance. There hasn't been an AIS signal from Ensco 72 for some time, so tracking relies on guesswork based on support vessels' movements.

[ileeman] 02/11/2018 09:46

Nice RNS a well needed update on Cali.

As expected Cali drills have been rearranged to account for another VG-3 well.

Probably looking at Monroe and Wick in November, Colter and another VG-3 back to back, Grizzly and Parta Q1 + what most have forgeten about is more assets coming in which will provide even more drills.

Market still does not grasp what is happening Monroe/Colter/Wick all worth $100s of millions to RBD, VG-3 will double production by end of the year. Some drills will fail but you can bet being appraisal a lot will succeed, but that is the whole point they will always have more drills to fall back on.

[soultrading] 02/11/2018 09:04

Has to move up, it has bagger all over it.

[ccr1958] 02/11/2018 08:46

Yes , well put soul... seems well under the radar to me .

[grannyboy] 02/11/2018 08:13

Yes, looks to be two more wells drilled before end of year, plus Wick/Coulter

[ccr1958] 02/11/2018 07:54

Nice RNS .

[steelwatch] 01/11/2018 10:38

Brage Viking heading North, destination Tees, and appears to be towing...

[ileeman] 31/10/2018 11:13

@luckyman

Site is being prepared for another VG well so it makes sense the reason why Monroe is taking longer than expected is because another VG well will take place before Monroe.

Either way both very short drills, 10 days roughly each.

[steelwatch] 31/10/2018 11:06

Permitting activity now detected for Wick, as well as Colter. Earliest start date for both is the same, so batting order unclear until the rig mobilises:

[luckyman3] 31/10/2018 07:31

Still waiting on production from west brentwood plus Monroe Swell

[ileeman] 30/10/2018 12:35

Curlew news worth a ton to RBD on success (appraisal)
Parta rig/drill confirmed Q1 (appraisal)

2 bits of news and we are flat/down.

Not unexpected on AIM but fundamentals continue to improve which is exactly what I want to see.

[luckyman3] 29/10/2018 19:00

Just waiting patiently for our next RNS

[ileeman] 26/10/2018 14:27

Yea even more good news on Colter.

Would not suprise me to see Colter drilled first, rig is waiting and out of the tourist season.

[steelwatch] 26/10/2018 12:29

Permitting activity detected for Colter, but nothing seen for Wick yet. Beginning to wonder if Colter is up first commencing around end of November/early December:

[steelwatch] 26/10/2018 09:41

Misßjojo - Fraser is contracted to manage drilling of both Wick and Colter.