RE: RBD - very strong buy2 Mar 2020 10:04
For any new investors out there Reabold is currently offering a great opportunity to acquire shares at a deep discount to the level which they raised £24 Million and the level the that directors bought which was 0.90. You can currently buy cheaper than professionals.
https://reabold.com/investor-relations/share-information/
The risk to reward ratio is extremely good at this level and it is well worth an hour of your day researching what the company is doing.
Twitter: https://twitter.com/ReaboldPLC/with_replies
Latest presentation: https://reabold.com/wp-content/uploads/2017/10/Corporate-Presentation-February-2020-FINAL-05.02.20.pdf
https://reabold.com/
https://reabold.com/our-projects/ (the projects/assets)
https://www.rathlin-energy.co.uk/latest-update/
Podcast re California and West Newton: https://twitter.com/MrChrisHutch/status/1232674390166384647?s=20
Malcy mentions: https://www.malcysblog.com/2020/02/oil-price-reabold-sound-jadestone-egdon-and-finally/
• AIM-listed, upstream oil & gas company, with unique investment strategy focused on near-term upstream drilling
• Making investments, technically de-risked by previous drilling, to fund low risk appraisal drilling with quick cycle times to
monetisation
• Successful implementation of strategy since late 2017, raising a total of £45M
• Participation in nine wells drilled since August 2018, with eight discoveries
• Significant NPV embedded in current portfolio from both discoveries and future wells
Rathlin Energy (UK) (Rebold hold largest stake in World Class West Newton)
• £20M invested to date for ca 60% ownership
• Rathlin has a ca 66.7% WI in PEDL 183, which holds
the West Newton oil discovery
• West Newton appraisal indicates potentially one of the
largest UK conventional onshore oil discoveries
• Reabold may increase ownership of Rathlin to up to
74.99% and West Newton to up to 50% through
potential equity swap
Danube Petroleum (Romania)
• £5M invested to date for 50.8% ownership
• Danube holds a 100% interest in the Parta Appraisal
area and 50% in the wider Parta licence
• IM-1 well in Parta Appraisal area resulted in very
significant gas discovery
• Testing of IM-1 expected in Q1, IM-2 drilling in Q3
Reabold California (USA)
• 50% ownership of three license areas in California
• Currently producing 300bopd gross
• Recently drilled VG-6 well about to be tested
• Self funded appraisal and development campaign
*its success at the VG-6 well, which lies within West Brentwood licence in California, has unlocked a new play field with more running room than previously anticipated.
* VG-6 well was tested at 350 million standard cubic feet of gas per day and has been put on permanent production.
*Success at VG-6, which was designed to test a new geological horizon at West Brentwood, has opened up a new play on the field and therefore additional follow on targets
* net revenue from hydrocarbon sales in California was USD1.3 million between Ju