Member Info for NOVECKINGOOD

most was priced in smoke, the final admission and the cat in the headlights RNS by our two boy blunders wasn't. You know the game do the maths, I think it's a free hit at this level. We just need to set up a crowdfunding page to pay for the BOD to F off on holiday as it would probably run better if they weren't here..

game not over yet, half time in the dressing room and a two goal deficit to make up. Might need to change the managers or send them to night school to learn about running a business, but the fat lady isn't even out of the shower yet..!

his hands are very full as heid on the UJO bb. One and the same and paid to be on RBD/UJO I suspect - a temporary hiatus but will no doubt return when the embarrassment subsides..

Triangularmoon - I thought we'd reach last years low if the lack of news continued, we've got news so I believe that today will be the low point. TWT

And his spelling and prose are as juvenile as yours. Are you twins ? He said .15 - .2 it won’t get there..

everyone was in the know if you looked without the blinkers on top of rose tinted glasses. Check out the graph during testing of the biggest find in 50 years. You didn't need inside knowledge just a balanced mind.
Now where ? Up or down, will they get it out, what will it cost ? A market cap of c£25m gives us a free hit again though..IMO

It's not being shorted...! Why do you think it's being shorted ??

The only real good news is being missed here. It's been sold down for weeks as those in the know were offloading.
Now the rest of us know the score and can understand again what were supposed to be investing in (sort of).
I suspect the big insider sellers are pretty much done so eventually all we're left with is buyers. I've added a fair chunk this morning and will buy any significant weakness from this point. The buyers will control this now I suspect..

My mistake - it’s good news then, 16 weeks and several million spent and they’ve shut it down as a producing well.
Good that they kept us in the loop too.
Excellent, I’ll buy as many as I can get my hands on when the market opens..

RNS Number : 1139K
Reabold Resources PLC
31 August 2021

31 August 2021

Reabold Resources plc

("Reabold" or the "Company")

West Newton Operations Update



Reabold, the investor in upstream oil and gas projects, is pleased to provide an update on activities at West Newton, operated by Rathlin Energy (UK) Limited ("Rathlin").



Reabold holds a ca. 56 per cent. economic interest in West Newton via its ca. 59 per cent. shareholding in Rathlin, which, in turn, has a 66.67 per cent. interest in PEDL183. In addition, Reabold has a 16.665 per cent. direct licence interest in PEDL183.



Testing of the B-1Z well to date has yielded significant information to help understand the West Newton field. Both gas and liquid hydrocarbons have been recovered to surface, which is consistent with information gathered from the A site wells and further evidence that we have a substantial hydrocarbon column and resource in place.



As expected, the reservoir has demonstrated a dual permeability system, with natural fractures alongside a lower permeability matrix. Completion fluids were injected into the formation at a rate constrained by the pumps on site at 5.7 barrels per minute (8,208 barrels per day).



However, the Kirkham Abbey reservoir appears to be sensitive to the drilling and completion fluids. We see clear signs of reservoir damage in near wellbore areas. This is probably preventing more significant flow at this time. Testing to date has not yet returned all the completion fluids injected into the formation and a measurable flow of hydrocarbons has not yet been achieved.



The B-1Z well will therefore be suspended with pressure gauges monitoring pressure build up in the well bore, with a view to further testing following the results at the A-2 well.



The testing equipment will now move to the West Newton A site, where we will re-start the previously interrupted test at the A-2 well.



Reabold remains fully funded for its intended work programme.



Stephen Williams, co-CEO of Reabold, commented:

"Testing at West Newton continues to provide valuable data to inform how to best develop this extremely significant oil and gas resource. Evidence of permeability and the extensive hydrocarbon column, in addition to the returns of gas and oil to surface, are extremely encouraging. Suspected formation damage at the B-1Z well also forms a key input into the development methodology for the West Newton field. We are fortunate in being able to progress the A-2 test whilst we undergo the pressure build up at B-1Z, and look forward to continuing to better understand how to optimally exploit this unique UK oil and gas resource.

Not sure I said which Christmas so that might get me off the hook. A lot of bad news now priced in, not all of it necessarily but a lot. Worth a punt and probably worth averaging down once we know exactly what we’re now buying. At the moment the BOD think it’s best to keep it all a big secret though. Hope you’re well !

smoke - after 15 weeks of testing an expected 6 week test @BrokermanDaniel suggested it was a duster..
Are you holding ?

Let’s start with this one

https://www.lse.co.uk/ShareChart.asp?sharechart=RBD&share=Reabold-Resources

Anyone else feeling like Franz Klammer ?

you say Vichy I say Lemmings..

Have a good weekend though

turning my jacket inside out was the right shout then cloves..??!

TWT

Ugly, not normally but I certainly can be. STFU you yappy key board warrior *****..!

thanks cloves, additional knowledge and experience can change opinions - and little point arguing with someone not mature enough to grasp the concept of a different perspective.

No one is buying these shares in any volume at the moment and for all of the positivity on here it appears that individuals and institutions alike just don't believe the story anymore. They may turn it around but at this stage it's obvious that they are struggling to prove the asset at the commercial levels previously eluded too. Of equal concern the extended testing is obviously burning through a lot more cash which means the usual inevitable looks even more inevitable as a result. The disrespect shown by the directors to shareholders since the first quarter of this year is borderline disgraceful. Some on here and UJO are obviously being paid to defend the BOD and the actions of the company, but that is likely to be the only reason to try for anyone who is fundamentally sane.. I'll stick around and trade my way back to a profit as these pr1(cks) now owe me - but that's the only reason to remain tied to this complete dog s(hi)t of a company..!

All the backslapping and high fives and the UJO price is up F all, and still nowhere near to its year high and strong resistance at 40p. Lots of money raised, lots of ramping by the usual suspects. Bluster and BS does not make you money..

Doesn't bode well for disappointing or bad news here ...!!!