Member Info for miker444

as stated the 400 barrels in 36 hours equates to 270 bopd, and therefore if 3 wells do go in to production at similar flow rates then that is 800 bopd and 400 bopd to RBD.

With oil at $80 then th tunover for RBD is $11.7m annually and profit in the region of $8.75m. Payback a lot quicker.

88e sp doubled when their IceWine 2 project in Alaska promised just 150 bopd.

With RBD its all about monetisation and it would appear the mm's know this, so do Sachin & Stephen and I am happy to leave the timings to them.

Considering we were expecting 100 bopd it far exceeds expectations and as i stated a possible 800 bopd for the 3 wells in total. Just these 3 are putting us on a par with UKOG.

SP should have gone way higher as the oil has actually been produced and no longer in the expected phase any more, just might be mm's want monetisation before letting sp go.

I am not talking about errors I am talking about the 200+ barrels being far greater than we thought and the extra couple of wells will give us circa 800 bopd, this is excellent news and your post seemed negative in the face of that, that's all.

But if we are all invested then good time ahead.

atb

Ovious correctionn as we all knew, although 60 million woud have been nice lol!!

This is the lowest you will ever get the sp mate, by a mile, so a bit silly to post negativity and a bit transparent. The sp is only going one way from now on, its a question of how fast.

Buckets of news due, we are at the start.

is 270 bopd so this is actually a very good producer, it would appear they will add extra wells wherever possible, the point is these extra wells are not factored in to expected sp quoted in the presentations.

Excellent flow rates, excellent news.

Game on.

It is showing the same on ADVFN but agree with the late buys it could have adjusted up after hours. A nice holding of 4m Matt, a little patience could be a game changer for you.

atb mate

Yes just annoying I was all set up with / all my funds in HSDL, still managed to get them in time with HL and at a fair price >1p.

Yes very unfair that my main nominee broker HSDL (Halifax) class RBD a a PRIIP as do Lloyds and therefore have had to set up another broker Hargreaves Lansdown to buy. That doen't seem a major obstacle but to release funds to buy can take up to 6 days! in that 3 days for funds to 'clear / available for withdrawal' and then a further 3 days to go into the account to transfer to H&L.

Hardly allows you to pick an advantageous time sp wise, I have been fortunate in getting a decent sp but had to go through a few anxious mornings checking at 7am to see if that red dot RNS had fallen whilst waiting for above funds to allow a buy.

Surely now with RBD % interest in drills and companies such as Corallian / UOG / Baron we should merit a status which allows inclusion to all brokers.

atb

At no point is he stuck for what to say and it is pretty high level content he is coming out with. Just so impressive as is Steven Williams when he speaks and he cannot pay enough tribute to the 2 new guys coming in.
This company is going to be totally unrecognisable this time next year.

Sachin is an Incredible speaker, intelligent articulate and fluent. Can honestly say I have listened to a lot of CEO's in podcasts etc and none have come across with such confidence and direction but without any arrogance.
A great listen and he is very excited at the prospects and the team he is building around him, you can almost hear the interviewers admiration to the level of quality interview he has just been involved in.
Just backs up one of the reasons I am invested here.

Oops actually its an uplift of 67% (two thirds) not 40%.

$180m to $300m is $120m (67%), I did it wrong way round $300m x 40% to get $120m.

It matters not simply to say a big big increase in current NPV's that are using $55 a barrel, e.g RBD's NPV would now go from $374m to $621m.

Still due VG-3 Brentwood this week imo.

atb

All the NPV's are done assuming oil at $55 a barrel, on page 10 there is a chart which shows the value to Corallian on a sliding scale, so $55 a barrel is worth NPV $180m but just $25 higher at $80 gives an NPV of $300m (40% uplift)

Oil is much closer to $80 currently so all NPV's will be adjusted higher incl RBD's ( NPV of $374 for all of RBD's 6 drills would become $523.6m) just on oil price alone, and yes it can go down but with Iran troubles looks like $80+ here to stay.

atb

Simon many thanks

Can't actually access recent updated RBD presentation ( Bandwidth issues?) so going from memory the NPV asset value given is circa £374m assuming all planned drills go to plan. That would give 10p ish per share without any further acquisitions and just on what we have currently.

Considering Steve & Sachin have not only raised another £4.8m extra to cash already raised / not spent for new assets they have also added 2 new members to the board, one of which is a financial from M&G and the other a geologist with 41 years knowledge of Oil & Gas.

It is therefore pretty obvious that this is just the start and they are looking at much bigger growth it begs the question just how big do S&S want to go with RBD until they say job done, and as and when they do monetise this investment what will the sp be sat at.

Those of us invested here do so in the knowledge we are in at the very beginning of a new company in the making wth S&S not sitting on their laurels but aiming for bigger and better and bringing in staff with proven track records.

atb

Anyone looking to attend ?

New assets would normally be announced via RNS as could be deemed as price sensitive info, personally see this as a promotion exercise to get RBD 'out there' and interesting that the meeting has been arranged through Pope's the same people who assisted / brokered the recent £4.8m fund raise.

We may well have to share a platform with other companies but that should be beneficial and increase the numbers / attendance of Fund Managers / Investment Institutions imo.

We may well get a lot more finer / in depth detail from known assets its just a shame its 5pm, very difficult unless you take time off work, would have liked to attend.

Hi shedful, Repsol Sinpec are very active in the North Sea via their Blake and Ross Fields and have their own FPSO in Bleo Holm so I actually believe that Marco will have an abundance of knowledge that is suitable for the bottom feeders such as RBD but not big enough to interest the majors.

We musn't overlook the Wick good news as it is another step in the right direction, snags and hold ups are quite common in the early stages but so far so good.

Surely we can expect other news this week VG-3 anytime now I would have thought.

atb

Looks like M&G connection is very strong, now a member on the Board.

No need to ramp this, a bucket of news incoming, I expect California VG-3 next week minmum, possibly Wick update also.
Good weekend all.