Member Info for bigspike

https://total-market-solutions.com/2018/06/15/reabold-resources/

Rathole you really are the lowest of the low. This guy has been deramping another board for months now and obviously taken a shine to rbd. He has no compassion for anyone other than himself! His objective is clear.... Yesterday’s news is fantastic for rbd, in a matter of weeks rbd will be generating cash flow through low risk appraisal drilling and for a company with no current cash flow this is significant. In terms of low cost drilling, infrustructure and regulation, onshore California takes some beating! These California fields are not massive producers but they are proven and the speed at which these wells can generate cash flow is second to none. S&S have once again proven they can make significant deals through investment in near term drilling activities in proven geology. 2018 H2 could be transformational for rbd and share holders....

Kalarhari there’s a new brr media video out today on rbd’s deal you might be interested in, if you do a quick search you’ll find it.

Stopping pretty low rathole, if your not invested in rbd don’t post on there! Those invested can do their own Research and make their own mind up....

Yeah check out rbd’s rns today

Another aim oil and gas focused company has just bought into the Sacramento basin. #rbd

2 large buys today!

http://corporate.exxonmobil.com/en/company/worldwide-operations/locations/guyana/about-us/project-overview

Bit of life on the tsx

Thanks to Kev James from advfn, https://m.youtube.com/watch?v=RbEkJkTNSFs China drill, gaz bisht says $12m. IMO, If eme farm out 70% of China there's a good chance this could fund eme's share of 2 drills! Husky appear to be ambitious in the area, I don't think they'll turn down a look at 3 drill ready prospects....

and of course the oil price is much higher now so strachen valuation is dated!

Last years strachen report suggested the following based only on 80mbbls but as TK has recently said the prize has now got even bigger! The company is assumed to withdraw from its current 100% position at Block 29/11 offshore China as EME farms out to fund drilling and as CNOOC takes up its option to fund 50% of any discovery from FID to production. On this basis, assuming that a discovery of mmbbls at the lower ris, 4-way dip structure of Jade alone has a 25% POS and that oil in this location might have an insitu value of US$8/bbl, the project is assessed to have a risked value of £24 million to Empyrean, while discovery at this level would be worth £98 million or 20 pence per share to Empyrean. I’d expect eme to Hold onto more than 5% even post Cnooc back in rights.

As suggested in my report after recently chatting to Tom Kelly he snuck in some good news this week about his asset in China where the interpretation of the 3D seismic has now been completed. The Jade and Topaz prospects are both being described as ‘highly material opportunities’ with best estimate prospective un-risked resources of 625 MMbbl with further prospect Pearl also adding to the total figure of 774 MMbbl. As Tom Kelly put it himself ‘put simply the potential size of the prize in China just got materially bigger’ and with Dempsey still offering substantial potential the portfolio is looking good. Indeed the prospects from Indonesia, which we havent heard from recently, may well also be looking interesting, all in all EME is beginning to look very attractive indeed… He also says Rathole, 3p my arse!

Husky operate in Indonesia and China, if eme’s market cap keeps dropping soon husky will better off buying eme out!

An oil column has already been identified on block and this is away from the source kitchen so migration is happening very close!

Oil and gas is not the stock for you didso! Cnooc has opened the doors for eme and continues to support them through the gsa. it’s in Cnooc’s best interests that the Pearl River Mouth Basin continues finding and developing oil fields, there a legitimate company and so far have proven fully supportive and there’s nothing to suggest this will change. You should really do your own research and not listen to others....

The only significance of today’s rns is that it improves eme’s terms in negotiating a farm in partner, I agree this is good value at this price.

The oil industry is successful all over the world rathole, when you have a prospective resource of over 700m barrels deals get done! Enjoy....

Lol *TK and Gaz Bisht no the score they have NOT taken this on trying to do the impossible!

The rig market still isn’t booming now and nor are the drill costs. Cnooc are assisting with the GSA and on a commercial discovery have a back in right, eme need this so this should be only seen as an asset. After all it’s in their backyard so there’s no one else better imo. Cnooc are a legitimate major oil company.... Take a look at eco Atlantic, they are farming out 25% of their license to Total for $12m usd and will be left with 15% for themselves. Eme have 100% of this license so without a doubt a deal could be done here to fund the drill and TK and Gaz Bisht no the score they have taken this on trying to do the impossible. The share price will remain low until something significant is added and in terms of China the significance is a farm in.