In my opinion, they'll be redoing the acid wash using a different technique in one or more of the existing vertical wells to target the full pay zones in order prove oil and gas will flow.
They will then be in a position to prove the presence of a massive oil and gas field (obviously already achieved). They can give the figures at which it is anticipated oil and gas will flow (the RPS report). They will have also hopefully proved it will flow (redoing the acid wash and test). They can put together a field development plan. With planning and permits in place they have then optimised the value of West Newton and are in a position to consider selling it. So the question of when will WNB-2 (the horizontal well) be drilled, is probably not a relevant one for Reabold shareholders.
RE: RE: Corallians value and sale?31 Jan 2022 18:30
2b Fair comment. I don't know anything about the company or deal you are referring to so i won't pass comment, but i will have a look see and a read up on both. You may well be right in your assumption, but i guess that's all we can do is guess and assume at present. ATB.
RE: blackstout & other new posters.31 Jan 2022 18:22
Feeks i know apologies so sick and tired of seeing their handles, just copy and paste the filtered users (All from this BB and share) I am sure that doesn't surprise anyone.
RE: RE: Corallians value and sale?30 Jan 2022 10:21
Yeah you may be right and i might have been a bit harsh and unfair, but just want a decent read with our all the alter ego's making a cameo appearance.
If you want genuine discussions on this board, i would advise you to add these posters to your filter list. aj99TWISDylantherabbitharhooEasyBrentRichTheNewbieNeptunesmokieUKManeaterAlexiosBarkingCrazydarientaylorpoiuitsawrapmismisoilisthefutureIAmNotAnAnalystManwithplanRNSTranslatorHairyhatman22UnabashedartythmickeybeeMickyBeebaitsflateartherForza74Dumbo333persimmonGreyPantherBoardsOfUKDesmond45ExplorationHarryshangSecretBlueprintSnafflemanGenghis15Oiler87CanchatKristofTaverhamPbooDavethedumplinsavs1907muscelsUggy100archie2oldbutnowisaNovykluk
Cheers for sticking up for me VHB. Persimmon is a very nasty piece of work follow his posts as Grannyboy on ADVFN. Racial bigot,sexist,homophobic you name it, just a nasty,nasty piece of work.
All we know up until now is that both Corallian and Reabold have said there will be a liquidation event in the first quarter of 2022 and they have been stating that for the last twelve months. My best guess is they are trying to negotiate the highest price possible before they sign on the dotted line and i think they must have had an interested party or parties to keep repeating that statement.
Rathlin don't need a fund raise they are fully cashed up. Neither will RBD unless they want to take a bigger slice of the pie Corallian will be sold and half proceeds to us plus an extra 1 million we lent them a year ago at 15% interest. Cali will now be a cash cow with the synergies created from the merger and oil flying, make drilling more wells easy as. The only really unknown quantity ATM is Parta and with the current political crisis you would like to think the Europeans would be trying to make it as easy as possible to extract gas and condensate, which Parta has in vast quantities.