Member Info for jt4264

39% on no news is quite suspicious, have I missed something here?

How is this down 9.5% today?

The RNS makes for good reading but I do worry about how much progress has been made. I'm still in on this one but would like to see some sort of result in the next 6 months.

9inchNail, are you saying too low or too high?

They should be good and I cannot understand why this share price is getting battered today. Brent is down 2% but UOG down 7% at the moment, bizarre.

Have just bought in here, seems like a significantly undervalued company and feel like there will be appropriate share price increases in the next few months

I'm with HL as well, was worried it wouldn't get filled but was sorted fairly quickly. I'm in for the ride now and will look to add more in the near future if it keeps heading in the right direction.

Norb, Dana, have either of you had issues with purchasing shares? Can never seem to get a live quote and almost always fill or kill has to be the choice.

I'm with HL and they have sent me a secure message already. Not sure if other brokers do the same?

Agreed, my thinking is that O&G equities will be very similar to the big tobacco firms moving forward, especially given then number of firms/funds divesting from O&G. Although tech at the moment as a whole just seems to be at a crazy valuation.

Hi Sparky, I would love a counter offer but given the current climate and hatred for oil stocks by the public I imagine it would be hard to get financing if not by a big private backer. That whittle downs the parties that could purchase by a significant amount, which is a shame. I think a lot of the firms purchasing shares at the moment are happy to say yes and take a quick buck. I'm waiting for the 1850 to go through rather than selling my 7000 shares before.

Cannot believe they sold out for this little. There was so much upside left to this business. I can't blame them though, after they saw the drop in the sp I imagine they just wanted to get out as quickly as they could.

Had to top up some more with the price being this low!

Yep, snapped up some more on the cheap!

Is the share price really having such a volatile reaction to a small drop in Brent or am I missing something here? The fundamentals of this organisation just seem so sound

There has to be something on the cards here, I don't believe a sudden catch up to the Brent increase is the reason behind it

That's quite an unnecessary response. Been in RRE for a significant period and plan to stay that way, maths isn't my strong point. Was purely asking in case anyone has already had the calculations to hand. I'll be holding this till over £30 at least don't you worry. The market cap is a joke.

Hi everyone,

New to here and love RRE. Have been in since before the re-list. AA has stated that he expects operating costs of around $30 per barrel for the year 2020. With Brent taking a dive to the $20 mark, has anyone been able to calculate the number of months/years that RRE can survive with its cash and "runway funding" - the time it can last without making a profit with associated different boe costs?

Thanks