Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
Just seems whatever news comes through, we're being manipulated & held at this level. Dragged down over the past couple of weeks so even with a 25% increase, we're back to the same level. Any ideas why?
Hopefully tomorrow will prove me wrong & we break out.
Excellent news today, long may it continue & hopefully get reflected in the value of the company.
Why issue an RNS this morning on the Daybreak meeting? Its been in the public domain since 22nd April as far as I can see.
Maybe S&S have only just found out about it ;-)
victory news shortly?
One can only hope so mal. Just looked through the RNS releases for 2022 & we've not had much interesting news really, which is pretty disappointing.
I know negotiations can be lengthy and getting the right deal can take time, but Elon Musk managed a $44Bn buy out in far less time than its taken our BoD to dispose of a small but attractive gas field. If anyone has Musk's number, give him a call and see if he's interested in joining the RBD Board.
So it looks like everything is actually going through as planned then, even though it is still (frustratingly) behind schedule:
https://www.marketwatch.com/investing/secfile/15744399
Annoying, but ultimately, what is not to like about this? Looks very positive to me.
Just for once, it would be great if our BoD could actually deliver a few days ahead of deadline.......This from 25th Feb RNS, nearly 2 additional months gone, high oil/gas prices & still it seems to be dragged out to the death. Just get on with closing it out.
"Reabold, the AIM investing company which focuses on investments in upstream oil and gas projects, announces that, further to its announcement of 21 October 2021, the longstop date of the equity exchange agreement with Daybreak Oil and Gas Inc. ("Daybreak"), a US OTC traded oil and gas operator with assets in California (the "Transaction"), has been extended by mutual consent to 29 April 2022."
Can only hope so Jack, interesting link, cheers.
Only 1 share issued Uggy & held by Reabold Resources Ltd, as you would expect.
Keep things simple, sell quickly now!
Interesting registration for Reabold North Sea Ltd, 5th April 2022:
https://find-and-update.company-information.service.gov.uk/company/14027814/filing-history
Reabold about to transfer their C shareholding into a new (subsidiary) legal entity for a clean disposal?
Approaching 6 months since this was kicked off, we'll be fully green by the time S&S get their fingers out.....Amazing how quickly things can be done when you really try:
Apollo 8. NASA decided that Apollo 8 should go to the moon on August 9, 1968, and it launched 134 days later on December 21, 1968.
The Empire State Building. Construction of The Empire State Building took only 410 days from start to finish.
The Berlin Airlift. During the blockade of Berlin, 277,000 flights gave supplies to 2.2 million people, landing, on average, every 2 minutes for 14 months. Tegel airport was built as a part of the effort, the first plane landing 92 days after construction began.
The iPod project led by Tony Fadell was greenlit by Steve Jobs in March 2001 and the first production iPods shipped to customers in November 2001, roughly 290 days later.
The Spirit of St. Louis. Donald Hall and Charles Lindberg designed and built the The Spirit of Saint Louis in 60 days. Lindberg piloted it on the first solo nonstop transatlantic flight from New York to France in 1927.
"In other news, Victory in GB is creating significant interest according to gas leaks."
Anything you can add to that Jack?
Think you're correct Barking, should have looked at those 2 x 6M trades a little closer. One buy one sell both showing as sells. At least they kept their shares.
See where today ends once the ISA shuffling has finished.
Heavy selling the last couple of days is quite concerning.
Not sure if there is any potential "bad" news on the horizon that might trigger this. Any ideas?
Fair point well made Uggy
1/10, poor effort at scaremongering. Please stick to your word and refrain from posting here.
From the same report, so not really dead then? Default was back in Sept 2020, so everyone knows about it.
"In Romania, the Company has focussed on side-track and infill potential within the Iecea Mare production license, which is fully covered with reprocessed 3D seismic. A number of very low risk oil and gas infill and side-track opportunities were identified within the license area. ADX has also commenced investigating geothermal opportunities within its Parta Exploration and Iecea Mare licenses. This energy source is expected to receive increasing investment funding in Romania from the EU."
Selfish, not sure there have been any insults? Frustration that e.g. they talk to bloggers but not shareholders is a valid criticism IMO.
dee, any particular expectation for the RNS? Victory? Early close on Daybreak? WN next steps? I'm always optimistic, could just do with something concrete to celebrate.
I agree dee, but why then commission, pay for & publish something that is of no value to anyone?
Just smacks of ego to me.
There just seems to be a lack of urgency from S&S about driving things forwards. I guess that's the difference between running an investment fund and running a company on behalf of shareholders, and they don't seem to get it.
Don't know how much they spanked on the BNP report for e.g., but really not sure what value it adds. The low end of their upside estimate is pretty much my breakeven from buying into this company 3(?) years ago when Victory wasn't even on the table & WN insignificant at that time.
They really need to pull their fingers out & start delivering some value.
Not sure I can take the excitement here today.
This was somewhat soporific as well, but at least it's some publicity:
https://www.marketscreener.com/quote/stock/REABOLD-RESOURCES-PLC-12243259/news/Reabold-Resources-Exane-BNP-Research-Note-25th-March-2022-39859266/?msclkid=7710ca0dac4511ec937d03ef313a9608
Jack, deemule, agree entirely.
Good business decision & value not fairly reflected as yet.
Thanks Jack,
Isn't it difficult to guestimate current profit given H1 2021 suffered due to:
"The significant increase in in oil prices during the period was offset by lower production due to workover of wells and bringing enhanced storage infrastructure online. Operating costs per barrel were higher due to significantly increased water disposal costs, which will be reduced when the water disposal wells are brought online."
So best case H2 would be based on H1 2020 RBD 50% share of production - 18713 boe & cost $14.4/boe
RBD estimated gross H2 2021 profit @ estimated average ($76 * 80% - $14.4) * 18,713 = $868,000
RBD estimated gross Q1 2022 profit @ estimated average ($92 * 80% - $14.4) * 9,356 = $553,000
Profit may be higher due to additional storage or greater production, or lower due to ongoing water disposal issues, oil price etc.
Either way, only looks like a $2M or so based on what we have today? Maybe wrong