Member Info for grewber

Page 8 has the details of the proposed EWT schedule.

https://www.guerillainvesting.co.uk/wp-content/uploads/2019/10/Project-Wallace_September-2019-1.pdf

GLA

Yep, EWT in Q4 according to Reabold's latest presentation.

I think we will have a good idea of whether this is a good / bad deal with the results of the EWT. Lets hope the tankers are queing up at the well head. Lets get on with it.

GLA

Reabold Website -Frequently Asked Questions No1

So at what price the placing?
Anything above current sp would be great but a discount would be disappointing.

GLA

Reabold website. Frequently asked questions No 1.

EXCLUSIVE: Reabold – Winnileaks strikes again, up to £30 million placing set to be announced 8 October
By Tom Winnifrith | Friday 4 October 2019

33
Shares

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from *************). I have no business relationship with any company whose stock is mentioned in this article.

Thanks to the Winnileaks service I have in my possession the presentation Reabold Resources (RBD) is serving up as it endeavours to raise up to £30 million. I gather it is tough going. The deal will come as a shock to joint brokers Turner Pope and Whitman Howard as it is Stifel Europe that is acting as broker. The presentation says the deal will be announced October 8. Ho Ho.

T/O Rumour of UJO03 Oct 2019 14:32
is rubbish , my understanding of what is happening is RBD will take over Rathlin, this will mean RBD are in control of news flow for WN, so much better comms .. because rbd have been putting out feelers for placing the mms assumed UJO will place too ... and helped the sp lower expecting to be able to cover there position with placing shares .. add to that lang selling the last of his holding the sp dropped quick .. now lang is done.. and no shares coming to mkt from UJO the mm,s need to cover ... simple mechinics plus those that jumped ship need to buy back ( if they want to hold ) and teh people buying now will have a higher sell on price

share. Never a dull moment!

GLA

Rns to explain significant sp drops when there is no underlying reason are commonly done to stop speculation and calm nerves. It’s my view this just such an occasion.

Proof what?!

The recent share price drop has been so significant as to warrant an immediate rns from the directors stating they no reason to justify the fall. Assuming that’s true of course.

Good question.
We will soon know when they do as it will be impossible to hide the kit going to the drill site.
Perhaps they are waiting for the weather to turn really nasty to keep the swampies away. Shoudn't be long for that.

GLA

Guys

David Bramhill of UJO discussed the upcoming CPR on West Newton in an interview yesterday. CPR info from about 2mins in. Hopefuly will answer a few questions.

https://youtu.be/jdaV6_RgboM

GLA

DeniaPi A CPR post EWT would be most useful to we investors but I doubt they will play it that way as it carries the risk of the EWT not producing the desired result. Therefore, I would expect to see a CPR based on the appraisal well results, lab tests on the core samples and seismic over the rest of West Newton. That shouldnt take much longer but its really all about the EWT as far as the sp is concerned.

I hope the CPR waits until the complete flow test results can be incorporated as it will be of limited value to investors without them. I suspect however, it will be rushed out to impress us with a desktop analysis of the possible size of Weston Newton before the well test is complete, particularly if any of the participants need to raise money.

An old problem Oldtrafford67. All Lloyds based trading accounts are the same. The matter is technical and explained on the Reabold website under faqs. The solution is an account with a non LLoyds based account eg Hargreaves Lansdown or many others.

GLA

That's 375 bopd net to RBD. Very nice if it plays out.

O2B@C
"WN bigger than Wytch Farm so just waiting for the CPR ".
I dont mind a ramp but a blatant falsehood is out of order!
GLA

First interview in. David Bramhill from UJO.
https://www.*************.net/chairman-interview-union-jack-oil-west-newton-a-2-proven-without-a-doubt/