Member Info for Croasdalelfc

It’s Brent light sweet crude with very low sulphur content

https://twitter.com/croasdale01/status/1124978117095899136?s=21

I asked the above question to PH via email back in March. Storage of oil was projected to be 22 days @ 650 bopd . That works out at approx 13 days at 1100 bopd . Notice in the RNS they choked the well back at Day 12!! PH also said they had options to rent/lease storage . Gas would be tied back to either of two pipelines or the local industrial plant.

I know that . My point is the Well Productivity Index is huge

With well pressure of 590 psig at 1/4in choke and 1100 bopd what would you summise the unchoked flow rate to be given the productivity index is 8 barrels/d/psi .. I’ll let you do the maths.

NB it’s a 600ft column of oil with 180ft (p50) net pay , p90 is 360ft net pay

was 3.01% of old shares in issue before todays dilution - coincidence? unlikely

3.5m @47.6

Will be monetised via sale/IPO/royalty on success - California and Parta will act as cash flow

The stategy in the US is delivering as promised. The only negative was delay in MS due to rain but they switched to WB with hardly any delay.

The wells at WB cost £1m each to drill and complete. With $55 oil and 200 bopd and low decline profile that will bring in $4m in a year. The MS workovers bring in another $700k. We dont know the other opex and any payments to Integrity - just that time and again the Board state the barrels are highly economic (esp the workovers)

The MS workovers derisked the soon to spud MS well - after that is drilled and completed, net production could be as high as 500 bopd - a nice little earner for G&A and cash flow. There is so much running room in the US - they could drill 5 more this year

I went to the AGM in December _ there were only 2 other private investors - maybe others on here should have gone ? and asked relevant questions instead of spouting nonsense. I asked about the order of drills in the US and after MS they will decide the next step . They want the biggest bang for their buck. If MS is a success , imo they will drill a 2nd well at MS.

I dont post often , but will correct false information . Your talking through your arse. Its Brent pricing in California.

https://www.brrmedia.co.uk/broadcasts/5b850d3af611656781ee52fd/reabold-resources-update-on-reabold-california-discovery-at-vg-3-well

Also even if it was heavy oil - heavy oil can command a premium to WTI - for Summer road building.

All oil has to be transported - its a normal expense

TTFN

Jamaica was $600k underr budget iirc

Where’s the results?

Here are my calculations as to who owns (or will own) bits of the Colter and Wick licenses. Colter: Originally Corallian 60% , Corfe 40% Corallian farmed out 20% to UOG and 5% to BOIL BUT will up stake to 50% by buying 15% off Corfe: Corallian 50% Corfe 25% UOG 20% BOIL 5% Wick: Corallian 40% UPL 40% BOIL 15% Corfe 5%

http://adx-energy.com/documents/adx-secures-us-2m-investment-for-romanian-appraisal-program.pdf RBD have an option to buy more of Danube up to a 38% interest http://adx-energy.com/documents/quarterly-activities-report---december-2017.pdf Planning and permitting has advanced substantially with the drilling of two appraisal wells currently scheduled for Q4 2018 where Danube will hold 100% participating interest. � ADX, on behalf of Danube, is in discussion with a number of parties expressing interest in further investments in Danube to fund the second well in the Parta appraisal program. � ADX progressed technical work on the Iecea Mare 3D area and identified additional exploration potential accessible from planned wells significantly enhancing the upside of the existing appraisal projects.

Firstly RBD have an option to increase holding in Danube Petroleum to 38.5% from 29% for about �400k. Clara Petroleum is the owner of the ex-4 Tulca license in Romania, shown on the PDF. I cant find much about them online. Tulip oil , who own 90% of Rhein Petroleum, are probably the license operator for the Rhein Graben licenses. http://tulipoil.com/category/news/page/2/ - oil discovery 2016 , now in production as stated in RBD pdf http://tulipoil.com/germany/ ill do a bit more digging

Hi Joe thanks for the repost from advfn...i think that presentation should have been there, found it by luck. 8 drill ready targets nice!!

From the Admission document: Opex 2018 $53.3m Capex 2018$6.5m G&A $3 a barrel = $5.7m from RNS Decommissioning provision $6.5m Income $105m @ $60 Brent minus $5 discount (assuming 5250 boepd) PBT = $33m = �24m After tax approx. �15m or �1 a share. (I dont know tax rate but assumed 33%) With a PE of 10 should give a share price of �10.

But i cant get a link to it yet

But i cant get a link to it yet

...Valentines Day relist? and it goes ex-div? I got lucky with �2k investment the day before suspension (mores the pity it wasant �5k-�10k !) so I get that back plus a bit more on the 14th or soon after. Then its a free ride. will see how it shakes out