LSE:RBD RBD… XXXXXX ( W ) ? funds in
VG-6 positive result of the well in California I’m relatively new to Reabold and I was expecting the results to show how much pay etc but looking back to last year with the VG-4 well they did exactly the same. They announced the result in a similar fashion on the 3rd January then gave the production test results on the 28th January. A positive result though that has delivered pre drill expectations. I know the strategy at Reabold is to monetize their assets and that might entail selling the asset but the results so far must make it an asset they might keep. It is already self funding and as each positive result comes in the revenue generated grows. If they can get California to self fund and generate enough cash to cover Reabold’s running expenses, it would mean that there is no need in the future to raise cash just to cover admin costs.
West Newton All The below link is worth a read in order to get a handle on where things are regarding WNA and the scheduled WNB wells. rathlin-energy.co.uk Rathlin-Energy-UK-Limited-West-Newton-Community-Liaison-Group-Notes-29-October-2019.pdf 566.96 KB glta dkok
Good news from Romania every little helps, looking forward to production figures.
LSE:RBD RBD… XXXXXX UJO… Went for placing Friday 28th June @ 17p … this came down a little . Surprised if they were not buyers in it .
LSE:RBD RBD… XXXX Sold tiny amount i had in ( B ) limit set Saturday as meeting with Marcia early Monday. Good job only small deal limit set 8.3p lifted on 30% Gap up open 1.15p . Maybe linked to UJO big rise on RNS … Good news.
SP About to Move Up All Well, over on the LSE board there have been some interesting comments that have come up in relation to the latest update to the major shareholders register, and it would seem that the company now has over 50% of its shares either owned by institutional investors or the directors. It would seem that the constant hilding back of the SP over the past few months has been a manipulation of the SP using the distressed city fund as the excuse, whilst a number of ii’s have been getting on board. The last fund raise was possibly also used bu ii’s to get larger chunks under the reporting threshold, and the last few months of seeming continuous downward pressure has allowed the ii’s to mop up the shares of pi’s that have sold up. I have been adding over this period, and have brought my average down to 0.71, so am now just about at break even, but expect now and over the next few months for the SP on this share to build and build, and now that a substantial chunk of ii’s are now on board, they will be happy for the SP to be allowed to run free. glta
Increased Holding SDT The interview with Sachin is very good and just underlines the potential in this company. The crazy thing is that he was just talking about the California assets and the existing and near term potential just in CA, which in all reality could see us producing in excess of 1000BOPD by year end there alone, and with the potential for an active drilling campaign into 2020 to push this further. On the basis of the CA assets and production rates alone we should be at a 2-3p shareprice, and then we add in the Colter, West Newton, Parta etc.etc. The SP beggars belief at the moment. RMP has risen to 7p based on a third share of a potential well which may take another year to develop to the point of production, and yet here we are sub 1p with oil being produced and sold daily, and with new wells being drilled and put on production almost on a monthly basis. I doubled up a month ago, and I was virtually screeming at the computer yesterday as I couldn’t afford to top up any further when the price was down at 0.66 to buy! What an opportunity that was. Well, hopefully the SP is now more free to run after the share sell down from the distressed fund, and we should start to see it respond to the news over the coming months. glta
Increased Holding Have doubled up my holding today on the basis that there are so many potential upside scenarios at the moment, in addition to the great perfomance of VG-3 and VG-4 which are now producing income at well above the business case planned rate, that it is only a matter of time before the ludicrous SP re-rates to reflect the value in the company. glta
LSE:RBD RBD… XXXX Over internal limit ( D ) but have to ring to or retry to find if it becomes available. Not able to add name. 82p today it was 78p before September RNS.
LSE:RBD RBD… XXXX Buys @ 89p showing today … holding placing price of 85p . Been moving sideways since.
LSE:RBD RBD… XXXX The placing was taken at recent highs its held placing price but the spread is 5.26 %
LSE:RBD RBD… XXXX. Are these new directors now running this small oil investment company or the same crew who were running Adventis ( publishers of magazines )
LSE:RBD RBD… XXXX Didn’t realise it was the broker ( they know so much ) wills & co . Who suggested this one when it was Adventis.
Betaville - Ben? RBD… XXXXX This is on malcy’ s bucket list i was surprised to see i recall when it was 426p around 26th March 2007. ( something to do with avent )