Member Info for Analysister

I didn’t think it read too badly and they had flagged it pretty much, but the market sure didn’t like it. Perhaps the weather reliant comment spooked them!! But retail in general has been so tough as the whole Generation Z thing kicks in, plus Brexit, plus rising rents, business rates, NLW, plus F/C etc etc.

Hopefully this will come good for you Fos. I just wish the partners would let all their shareholders know what’s happening with the well timings...

No doubt the West Newton well site (ploughed field) will now become a popular local picnic amenity and area of outstanding natural beauty:)

I wonder what they do with the unsold cakes? Hopefully they have teamed up with homeless/local poverty/food bank charities etc to distribute the food as I don’t think it can be stored for resale? Maybe it can, dunno.

omir I hope that you will break even soon on that early investment!!!
IMO a successfully logged well on Wick and/or Colter field will push the
NAV towards 8p, whether the share price follows is anyone’s guess!
Good luck.

It could be a black (oil) Xmas Jay!
Perhaps the operator has booked some extra time in case they have to test the well :))

Thanks. I would have thought someone like James Menzies would be good for this one. I thought he ran Salamander that Ophir actually bought a few years ago...

Be good to get down to some serious drilling though! This dentist waiting room stuff is making me nervous!
Deals and deals are fine but the value is, as always, added to the sp by the drill bit!

Agreed. The directors may not be able to spot a good bid price but they are not going to buy shares if they’ve been approached again by the South African guy sitting next to them at the boardroom table !!!!

Eejit is a great word. I’ve been described as such many times :))

The Faroe management team are about as good as it gets in U.K. E&P companies imo. I hear what you say but they know their assets better than anyone else. Good luck to them.

Me too, this looks like an important infrastructure asset for Ireland and the U.K. can’t see why it hasn’t been developed yet tbh. Importing gas into storage for use in winter looks a whole lot easier than fracking across the Irish Sea!!

Is Alan Booth still the CEO here?

Spire bid for Mediclinic :))

I would hope we see a good upward sp movement with an oil discovery. Wick is the much more exciting well as we have 15% of a much larger structure. If there are 250m barrels in place in the Wick licence then our share could be worth well above 10p per share. However Colter is a valuable project for us too and we are drilling a structure which already has a discovery successfully drilled and logged on it....

I thought their latest update was pretty positive. Some structural issues in Switzerland but they have consolidated and look to have a strong position in a good market.

Yes the good lady has been arrested I see.
Harrods sales will probably suffer :))
Spending it rather than buying shares looks like a sensible option to me!’

Sorry but It’s shown in detail on the Reabold share chat pages.
I was just extrapolating from the analysts risked valuation of both Wick and Colter. However we have a direct % interest in both these licences and not indirect like Reabold. So should be simpler and cleaner if our Board wants to sell after successful drilling results. To enhance our NAV there is Colter, Wick plus our current cash balance plus block xxi onshore Peru and the Sundagas “option” in Asia. Lots to play for IMO.

Haha it was a tongue in cheek comment. However I’m a firm believer in drilling a sufficient number of wells to ensure a +50% statistical chance of success. The guys are doing that and also exposing us to large prospect sizes. My only small question mark with this strategy is entering into several minority positions with small private companies rather than direct interests in licences etc. Those private companies may be slightly tricky when its time to exit or may want to do other stuff etc if the majority shareholders have other ideas. However the RBD team are smart enough to have considered all that in their SPAs I’m sure.

Hope divi not in any danger as it’s the ONLY reason to hold these shares.