Member Info for luckyman2

Worth watching again .imo

https://www.brrmedia.co.uk/broadcasts/5d6f83c42760173908009cda/reabold-resources-corporate-update

passiton

Listen to this interview with Reabold at 1.5 min in as he talks about the West Newton discovery.
This is going to be huge so hang on in there and don't listen to the derampers make up you own mind whether to hold or sell.
https://www.brrmedia.co.uk/broadcasts/5d6f83c42760173908009cda/reabold-resources-corporate-update

I like this bit which seems massive for a reservoir. imo
"Based on the results of the West Newton A-1 well and the three-component 3D seismic data volume identifying an aerial extent of approximately 4,500 acres for the Kirkham Abbey reservoir,"

The initial results from the appraisal well exceeded our expectations and have also shown a significant liquid hydrocarbon volume which further increased our excitement and is expected to materially increase the future value of the field. The deeper exploration target in the Cadeby formation encountered hydrocarbon shows with an oil saturated core.



The West Newton A-2 well was drilled as an appraisal of the West Newton A-1 discovery well. Based on the results of the West Newton A-1 well and the three-component 3D seismic data volume identifying an aerial extent of approximately 4,500 acres for the Kirkham Abbey reservoir, a Best Estimate Contingent Resource of 189bcfe of gas was identified in a Competent Persons Report compiled by Deloitte for Connaught Oil and Gas Limited ("Connaught") and dated 1 June 2017. Connaught was previously the 100% equity holder in Rathlin, which was in turn the 100% holder of the PEDL 183.



The West Newton A-2 well was spud on 26 April 2019 and, on 9 June 2019, reached a total depth of 2,061 metres. A full suite of open hole logs was run and 28 metres of core was successfully cut and recovered from the Kirkham Abbey Formation.

Worth Watching again.

https://youtu.be/jdaV6_RgboM

Another week and down again.
Hope we get some news next week to get the SP moving back up.

Good flow rates for the last 2 months considering VG-3 & VG 4 only went into full production the the 29th July after tie in.
The next 2 Months production rates inc Monroe swell will be substantially higher which is great.

https://youtu.be/-mkgkwLRiQw

All very good.
Lets get VG-5 drilled and add even more to our funds.

I would say we are more likely to be sold later within the next 9 Months . imo

Impatient looking somewhere else for fast buck i guess.
West Newton CPR a bit of yet.

Anyone got any idea of why the SP keeps drifting down?

I will see what i can do.

Romania – Onshore Romania, ADX is operator and 63% holder of the
Iecea Mica-1 well currently appraising a ~20bcf and likely
commercial discovery with ~50bcf exploration plus an oil leg
potential. Gas production could start within 15-months. With an
added gas discovery requiring appraisal and maturing of more drill
locations – ADX has a near-term organic production growth path.

I wish it would hurry up.
Getting boring all this waiting.

Seemed a bit more stable today
Must be due some news soon.

Dont know what it means but the SP has started to rise anyway so might be something good.

Still drifting down.
Someone still unloading.
CPR still a few weeks away so looking for day trading profit somewhere else.

boblkndon
Thats my thinking as well.
We will get our CPR and maybe well test results before xmas so thats something to look forward to.
Might even spud West Newton B well by then as well.
Just got to hold tight till then.

If only they would publish our production rates then that should help the SP find its true value for our cali assets.
Been a while now since V-4 started flowing so i would have thought we should have a steady flow rate by now.

I think they will go for the pipeline first.
Get more money rolling in for us.
I wonder how much production we are getting from California wells.
I would expect to be at least 400 bbls/pd net to us which with the high oil price is a nice little earner.