The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
https://reabold.com/wp-content/uploads/2022/05/Reabold-North-Sea.pdf
Seems to be a hell if a lot of potential value in these licences which we picked up for a bargain price as part of the deal???
The first wells were exploration wells not production (in fact the first one flared aggressively). We have the data now to know how to drill the production well. Hence they high chance of commercial success on a massive reserve! Bring it on!
For those that missed it/interested from BMD: UJO #Biscathorpe I hear spud is in November & TD will be reached in December... Get yourself a few shares. It's going up! Probably the best UK Onshore oil play about. Reason being? It's a genuine play! As an investor U can't ask for any more...
Morning BB this is playing out nicely in terms of value creation. Loads more news to come in terms of transformational future plays. The value will shine through for the patient holders. There are one or 2 people on here that swamp the board with their many accounts posting dross to dampen down any positivity. Paid hands of the aim bandits. You will see they are having to work harder and harder here. Let’s this should be heading to that £1 by year end that this company deserves.
Facts Persi you don’t give many at all. Balance sheet is negative because we have invested in multiple options to crest a portfolio of assets. You have to buy these they are not given away. They will be proven ip and sold. Currently the market has ascribe no value to the portfolio. That’s a massive disconnect and you know it. When WN flow gas next year how much is that worth? PS the answer is not zero or a negative number!!!