Member Info for Kiwi_

Gotta love these UK drills where we can get other social media progress updates without an RNS, today c/o Roofershound

https://twitter.com/Roofershound/status/1078339701763915776

Difficult times to go long in anything outside of Gold at the moment however RBD closed 19% up today going into auction 10 minutes before close, as you have seen Wick is spud plus 2 other different drills to spud in January. UPL in best case of oil on Wick could have an increase of 2000% + from current levels 3.2p to 72p ;) . BOIL currently held down via one of the directors's ex wives that is selling, she can't have many left now. MC of BOIL £5 million, broker note released today best case boil on Wick find 7.38p

UJO due to spud Biscathorpe and Rathlin (RBD also), meanwhile Chris Oil is talking about dropping another TR1 soon (UJO).

Oil price could get interesting with many hedge facilities closing yesterday by the looks of it with all the short covering possibly ahead of an OPEC EGM

An interesting year ahead

Nice find mate, almost 2000%!

;)

and we are now on day 3! Just 18 days away from Target Depth, people retuning from holidays early next week. Only half a trading day tomorrow and 3 trading days next week. 3 1/2 trading days until 07 Januray 2019 (Day 13 of 21 drilling days), close to results/early rumours of oil etc ;)

Don't get caught out, expect some significant movements in price across all three over next 3 1/2 days with BOIL and RBD backed up by Colter and for RBD the obvious others

;)

Check out UPL also as a hit on Wick would value their sp as high as 72p (more than 2000% from current sp of 3.2p), UPL is also backed up by operations in Tunisia and Indonesia with a CPR due to be delivered anytime now., plenty of cash on hand from recent placing at premium to current sp.

A large chunk of UPL held by directors

continuing previous post regarding US shale and Opec: as the oil price increases more shale operators become viable thus OPEC need significant cuts to raise the oil price to suit their needs and the US is not the loser in the dominance of the oil price. 2019 is looking like an interesting year for oil

Don't forget we have Ensco 72 pencilled in for 3 drills not 2, just in case we need it.

;)

Meanwhile OPEC is in turbo turmoil with a likely emergency meeting early January 2019 as current cuts are clearly not enough.

Income per barrel of oil for countries to breakeven for 2019

Saudi $80 USD
Libya $100
Algeria $100
Venezuela $100

The writing is on the wall with oil at the moment, notice yesterdays short coving forced rebound in oil price>? That is highly likely all the opec members closing their hedging facilities as a low oild price does them no good, their cuts need to be significant due to the huge output by US shale yet of course as the oil price rises more shale operators become viable so they in

Remember RBD have drill results due from VG4 tomorrow or Monday of which has probably 100% COS in addition to one of their largest drills coming up in January (Rathlin, $100 Million to RBD) that has a very high COS as it is an appraisal from the BP discovery in 2014. From VG4 the rig is inbound Monroe Swell ($100 Million to RBD) of which also carries a very high COS as it is yet another appraisal drill.

VG4 will increase current production by as much as 100%

Let's not forget all the other drills of RBD for 2019 either all of which are appraisal drills:

Colter
Parta x 2 drills
Grizzly
Plus 1 new drill North Sea and the potential of Oulton North Sea also

https://reabold.com/wp-content/uploads/2017/10/Reabold-NDR-Nov-2018-FINAL-13.11.18.pdf

RBD is clearly still cheap, broker target 3.8p

If you haven't already this is definitely one to add to yur portfolio for 2019

That director's ex wife still has a few left to sell, once she clears expect up to 200% rise from here (1.2p)

She has sold into every rise and beyond for several months but is almost out now, a decent volume morning and she will clear out in as little as two hours.

You are corret though look at Wick counter part RBD up 19% today with a 13.5% stake in Wick

in AUCTION!

Buys full ask!

and again!

Now 12% UP, VG4 news due tomorrow along with Rathlin spud next week and Monroe Swell week after

Here we go folks!

Looking good to tick up again

NT ONLY to BUY and has been like that for more than an hour

Plus Rathlin spud

;)

RNS VG4 Well due today or tomorrow, from there rig heading to Monroe Swell

OPEC members suffering from low oil prices. With Brent in the mid-$50s, the budgets for OPEC members will come under strain, and perhaps only Kuwait can see its budget breakeven. Low prices could sow unrest in several OPEC member states. “At current prices, too much attention on shale, not enough on OPEC,” Olivier Jakob, managing director at Swiss consultant Petromatrix GmbH, told Bloomberg. Libya and Algeria, for instance, need oil prices above $100 per barrel. Even Saudi Arabia needs oil north of $80 per barrel for its budget to breakeven.

https://oilprice.com/Energy/Energy-General/OPEC-Battles-To-Halt-Oil-Price-Collapse.html