Member Info for Novykluk

Persimmon, I think every intelligent participant on this BB knows you have achieved high aclaim for being "economical with the truth" :-))!!!

But your post earlier today;

"Looks like Novykluk does pass the test of a poster of very low expectations

One has to wonder why after he posted this in January 2022........." is an OUT AND OUT LIE!

I have never and would never post such drivel!

Aside: I've had you on "filter" for years and never normally see/read what you post. It's only through accessing today using my phone.

Back on filter "young man"!!

Heid Re:

"Next time, as the failures become clearer, Kamran an his team will win even more votes as the negativity increases further on this board."

Regarding your reference that........"as the negativity increases further on this board".....as though that were a significant factor in your judgement that some further attempt by Pershing would be successful, well DELUSIONAL comes to mind!!

Are you aware of the statistics related to Mr Sattar's last attempt to unseat the BOD??

Sentiment on this BB on that occasion, was about 90% in favour of Mr. Sattar and his group. It's true that 90% is my figure and uncoroborated! But I published it on here after MR SATTAR's PREVIOUS FAILED EFFORT. And I believe it was accepted as broadly correct. However, of those votes cast at that time 73% OPPOSED MR SATTAR,

So if you think the weighting of negativity displaayed on this BB is in anway representative of the bulk of Rebaold SH's, I suggest you are DELUDED!

This BB has become so "toxic" with repeated references to S&S as being scum etc., that many open minded "neutrals" will no longer participate here! And who can blame them. So it's most unlikely that what is read on this BB is in anyway representative of the "silent majority"!

GLT all genuine LTH's. NK

Heid:

If I recall correctly, I am NOT THE FIRST TO POINT OUT!! The views of those very likely on Kamran Sattar's pay roll, are seen by those intelligent participants on here, exactly for what they are :-)) :-))!!

I approached this latest bid by Pershing with an open mind, given my disappointment that Reabold has taken so long to provide a return for my investment, and I have lost what for me is a significant amount of money.

I have taken a "neutral" view, as to who I should support going forward. And I've tried to judge which party offers me the best chance of success with my remaining investment.

Having taken some weeks to study as much information as I possibly could, I have come DECISEVLEY to the opinion that I WILL SUPPORT THE CURRENT BOD's and have cast my vote REJECTING PERSHING!

There are many resons for reaching this conclusion. But one major factor (which is quite unsurprising when one learns more about Kamran Sattar), is the latest statement by Strand Hanson. What does it tell us? In a very polite and round about way, they have told investors that the propsed new directors do not pass their Due Diligence criteria! All investors should be very concernd by that judgement!

I also note the statement by the current BOD's, that;

"The Board believes that the motives of the Requisitioning Shareholders cannot be trusted and the Board has multiple examples of Kamran Sattar attempting to extract value from Shareholders for self-serving gains."

Ones natural reaction to that statement is, "Well they would say that, wouldn't they!"

However from the previous attempt by Mr Sattar to remove the current BOD's, I well recall his reported attempt to buy the Victory asset from Corallian, behind the back of the current Reabold management. Hmmm ethical or what?

So piece by piece the facts I've learned over the past weeks, give me great concern going forward, if Pershing were to succeed!

As a result I have voted against all resolutions!

GLTA Genuine LTH's. NK.

Heid: Re; "What (is) Mr Sattar's proposed strategy is for Reabold and its assets?

Thank you for the two links you kindly forwareded on behalf of Mr Sattar's Requisitioning group.

I've previously been very supportive of S&S, however more recently have crystalised some of my losses. My holding is as a result somewhat redeuced.

I now consider myself a "neutral", despite the opinion of my previous "sparing partner" NO V....GOOD " :-) :-))!

I am now studying all available information to decide which party I and my associates should vote for!

NK

Regarding this latest attempt by Mr Sattar and his Pershing associates to take over control of Reabold, I am relatively out of touch with events. So can anyone on here help me by defining clearly and specifically what Mr Sattar's proposed strategy is for Reabold and its assets?

Additionally how do he and his associates specifically plan to increase Share Holder value?

Has he published his action plan for the event of a this latest bid to remove the current BOD being successful?

Thanks NK.

Fastfood re: Pilot smart individual. Blackstout Posted 100 Bag. Make your choice.

Hmmm :-)) :-)) Another known member of the "Club"!

Looks like Blackstout's ploy was effective :-)) :-))!

Pilot998 re: Blackstout. How are you getting an extra $4.5m a month from unwinding the hedge. It's $1m max.

I think that was Blackstout's very deliberate mistake, to provoke/draw-out some of you Trolls :-)) :-)) :-))!

I suspect he will be smiling that you've taken the bait Pilot :-))!

Note: This is a slightly modified version after my Post of yesterday morning was taken down because some people complain when they don't like the reality being stated! Same as happened to another Thread yesterday!

Are they serious though??? Seems the Spiv's are at it again!

And what a tremendous "offer" price has apparently been floated......what a joke!

As "moniman" rightly highlighted yesterday, the Finncap Brokers note puts a heavily risk weighted value of 1.2p per share on the Reabold assets.

However, Finncap have assigned virtually NOTHING for the ex-Simwell North Sea asset adjacent to the Shell/Deltic Pensacola discovery, or the Reabold's shared Dunrobin prospect!!

The Simwell asset being of the same geological structure as West Newton (It's an off-shore extension of WN running out in to the North Sea! Which was why it was purchased in the first place! ), quite probably adds a further 0.25p per share to Finncap's conservative valuation.

Then in addition there's the Dunrobin prospect shared with BOIL and Upland. So add say another conservative 0.25p per share.
Aside: These values are estimated and not based on a first principles analysis......that's why I've kept them very conservative!

So this perspective rather put's the "joke" offer price in to perspective, when Reabold's conservative risked weighted value is close to 1.7p/share!

Note: As mentioned correctly by others. This "distraction" will also cost the company more money and more wasted time, just as the previous failure did! This "offer" is not in the interests of genuine SH's!

GLTA Genuine LTH's.

The message which follows was published earlier today by "Blackstout". It was another excellent summary. And IMHO it got "buried" perhaps too quikly for genuine SH's and participants to have had the chance to see and scrutinise! So I've taken the liberty of re-posting it here. With thanks to Blakstout!

"Two pieces of fact based news is firstly the BH's are converting their bonds which indicates they want the shares before the awaited news arrives. And secondly WTI is currently $80.35/brrl as I write. That's pretty much a 10% increase over the last four weeks.

By my spot calculation COPL are now marginally profitable providing two recompletions CC 11-27 & CC 4-27 are now producing albeit unstimulated, which I think is likely. Here's my calculation keeping the math rounded:-

Production from BF 1500 bopd which is 1275 bopd net to COPL. Production from CC lets assume 200 bopd which is 1475 bopd in total to COPL. 1475 bopd is 538375 bopy which at $80.3/brrl gives us $43.2 annual revenue.

Royalties and production tax work out to $13.9m/year giving us $29.3m annual netback. Debt payments are around $16.8m/year at present and G&A etc a further $8.0m/year giving us an annual netback at this stage of $4.5m/annum after these deductions.

Finally production costs at BF are low if we exclude Capex so $1.9m/ annum should suffice. Production costs at CC will be more like $12/brrl given shipping is by road, so $0.9m/ annum for this area giving us a total of $2.8m/ annum.

So by my calculation COPL is producing somewhere around $1.7m per year above breakeven at the moment on a spot calculation excluding Capex.

If you consider the third recompletion at CC with all three stimulated $1.7m positive cashflow per year becomes more like $18.7m per year, which demonstrates how cost effective work on all three wells should be.

As said, not only will the recompletions at CC will be a very quick route to increased profitability, they should also increase reserves and provide important flow rates for the JV.

AIMHO and good luck all."

froggy1000 re; "can you or anyone ells start me off about upland"?

froggy I would gladly help if I felt opetent to do so! Like I said, I'm new to UPL myself and need to do propper research. I have to confess (naively as it happens),I thought Upland would re-rate upwards following the Dunrobin CPR.
From the little I have learned thus far though, seems like Upland will re-rate and be successful, if one's prepared to invest and hold.
Good luck with your investment!

NK.

In yesterday's Dunrobin CPR RNS issued by Reabold, they state total NPV is £691 million.

Hower I've learned (from Reabold's poor value recovery from the sale of Victory), that NPV's are not a particularly helpful metric from which to calculate an implied price per share! Having spoken to the former Head of the M&G Investment Fund, I understand a rule of thumb in the Financial Industry is to take 20% of the NPV, when attempting to calculate the implied price per share.

So taking 20% of the stated £691m NPV, gives £138m. 36% attributable to RBD gives £50m. 32% each to Boil & Upland gives both £44m.

So comparing the respective Shares in Issue and these NPV's for BOIL, RBD & UPL I note;
BOIL - Shares in issue 18,920m - NPV attributable = £44. This equates to 0.23p per share. So theoretically BOIL is a one bag over current price, depending what's already priced in?
RBD - Shares in Issue 9,177m - NPV attributable = £50m This equates to 0.54p per share. RBD theoretically 2 bags over current.
UPL - Shares in Issue 811m - NPV attributable = £44m. This equates to 5.50p per share. UPL theoretically 11 bags over current.

So is Upland a stong buy??

Note: I have a very small holding in Upland following these crude numbers. If I had more funds I'd buy more. I am long BOIL for the biggie Chuditch!!

GLTA LTH's. NK

Duh! I can't operate a calculator correctly!! :-((! Apologies!

My numbers for Upland are correct! And the principle I was highlighting remains unchanged!

However a correction for the price per share of RBD is required!!
The summary should have read.....

So when comparing the respective Shares in Issue and these NPV's for both RBD and UPL, I note;
RBD - Shares in Issue 9,177m - NPV attributable @ 20% of £248m = £50m This equivalent to 0.54p per share.
UPL - Shares in Issue 811m - NPV attributable @20% of £221m = £44m. This equivalent to 5.50p per share.

NK

I'm new to Upland Resources but am a LTH in Reabold.
From today's RNS issued by RBD, I note that based on the CPR they state the total NPV for Dunrobin amounts to £691 million, i.e 36% attributable to Reabold (i.e. £248 million implied) and 32% to Upland. So at the NPV level that equates to £221 million attributable to Upland.

As an important aside: I've learned (from Reabold's poor value recovery from the sale of Victory), that NPV's are not a particularly helpful metric from which to attempt to calculate an implied price per share!

However having spoken the former Head of the M&G Investment Fund, I understand a rule of thumb in the Financial Industry is to take 20% of the NPV, when attempting to calculate the implied price per share.

So when comparing the respective Shares in Issue and these NPV's for both RBD and UPL, I note;
RBD - Shares in Issue 9,177m - NPV attributable @ 20% of £248m = £50m This equivalent to 0.05p per share.
UPL - Shares in Issue 811m - NPV attributable @20% of £221m = £44m. This equivalent to 5.50p per share.

Yet despite the massively higher potential return to Upland (i.e. a multiple!!), Upland's SP is down 2.8% today, whilst Reabold with potentially a minimal return from Dunrobin, is up 2.1%.
Can anyone explain this please?

GLTA LTH's. NK

Context/Background:
Reabold North Sea (i.e. The balance of the ex-Corallian asssets) has a 36% ownership in the Dunrobin Prospect and is (will be) the Operator, whilst Baron Oil and Upland Resources each have a 32% interest. Baron Oil has the role of "Technical Overseer".

The following (which gives a good insight in to the status of the work on the Dunrobin prospect, is a "cut and paste" of n interesting Post by Jarv55, taken from the Baron Oil LSE BB.

"Baron has a 32% interest in United Kingdom Offshore Licence P2478, in the Inner Moray Firth. Baron has the role of technical overseer of the remaining Phase A work commitments for this licence. The preliminary interpretation of the reprocessed 3D and 2D seismic data is largely complete with an increased confidence in the imaging of the reservoir targets within the previously recognised prospects on the licence. In addition, geochemical studies conclude that there is potential for developable oil quality within the licence area.

Baron previously announced that its internal estimates for the Dunrobin prospective complex contained approximately 100 MMbbl of gross Mean Prospective Resources*. The preliminary interpretation indicates that the western part of the complex (the "Dunrobin West" prospect) at the primary Jurassic target alone could contain 100 MMbbl of gross Mean Prospective Resources*. The Board believes that Dunrobin West is maturing to the stage where it is potentially a drillable prospect and so a potential target for an initial exploration well on the P2478 licence.

The Directors believe that success on an exploration well on Dunrobin West would de-risk follow up prospects Dunrobin Central, East and Golspie with the possibility of establishing the upside potential of a single Dunrobin accumulation. A secondary Triassic target is also being matured, involving an unproven (and therefore likely riskier) deeper reservoir, which the Directors consider provides significant additional resource potential and which may demonstrate higher oil quality preservation.

A joint farmout campaign is underway and has been announced to the industry. The Directors consider that there is currently an improving UK farmout market, with increased industry interest, the potential availability of windfall tax breaks, the need to address energy security issues, and an improved macro-economic environment."

GLTA genuine LTH's NK

Heid, re; "I can help you." And "I see one big floor in your communication."

As your Post was on a different "thread", I'm not clear who you're responding to.

If however you can offer advice, all help received with great interest!

I too appreciate your strong support of S&S!!!

Uggy100
Re; "Social media is dangerous with too many wanna be expert tools like you infesting it."

Uggy100, PLEASE! I am not trying to abuse you! My response is meant to be a polite but a respectful "admonition"!

Quite recently you've "confessed" (said politely and in humour........but seriously!!!) to being INTELLIGENT!!! And I know from your Posts that you are!! So why are you degrading yourself with Posts to Heid like this and others referring to S&S as scum bags, fools and idiots???

I've lost my shirt investing in RBD!! But S&S didn't make me press the buy button! AND the "Race is not over yet!!!"

I note from a previous Post that you are in hospital! I also noted a year or so ago you commented of "something more significant"! I would be interested to interact privately!!

With best wishes for a good recovery!!!!

NK

TonyB1,

I totally agree with you;
(1) It's common knowledge that many Investors get so p issed off by all the Trolling and denigration on BB's, that they stop participating! I'm very close to that point on here now! The sad thing to me is, people who are clearly intelligent, get in to the vitriol you mention and devalue themselves and their Post by denigrating the BOD and sometimes other participants!

(2) Your point here is VERY TELLING!!! i.e. "what's the best means of putting the [our] questions to the BOD?"

About 3 years ago I suggested to another group of SH's in another company (who were equally frustrated they didn't have enough information), they approach the CEO to establish a "contact forum" which would "meet" (Zoom) with him periodically. That was based on the fact that group did have a SUBSTANTIAL share holding of around 15% plus in the company! That situation was obviously not typical!

Long story short. The group did that. A forum was eventually established (after a great deal of angst from the CEO) whereby a small group of six SH rep's, now have regular Zoom meetings with the CEO and report back to the wider group of about 60 SH's via a closed WhatsApp group.

Effectively (NOT literally), all this 60 SH's are insiders (Note: I am NOT one of them!!). That group is trusted by the CEO, because membership of that group is controlled by the group!! A leak would completely stop the communication process!

REALITY: Sadly that model could never work for Reabold, because of the points I made in my previous Post! i.e. There are so many Trolls and anti-company participants here!!

Though to be honest, my limited experience of S&S, is that they are both "as tight as a ducks ****", they would never share anything confidential anyway! Unlike the CEO in the Co to which I refer!

So I apologies! Apart from being informative, my reply is negative in "outcome", and I AM NOT HAPPY WITH NEGATIVITY!! So I will consult with other RBD Investors like us and see if we can come up with a more positive response to your excellent idea!

Thank you for being so positive!!!

An interesting observation.

Considering the Posts on here since the Pershing group made their play, I suggest a very crude assessment of those expressing an opinion for and against ousting the current BOD, was about 90% to OUST and perhaps about 10% to retain. One can argue with my guestimated numbers of course.

What I'm describing though was a "count" based on OPINIONS ONLY. But of course they take no account of the actual Share Holdings of those expressing their views!

So it's very interesting to compare OPINIONS expressed on here vs THE REALITY!

OPINIONS on this BB (approx) 90% AGAINST the current BOD!

REALITY, i.e. the ACTUAL VOTE of SH's being a tad over 75% (of the votes cast) FOR the current BOD.

So what does that tell us about the views expressed and the Posting on this BB????

'Nuf said!

And please, before many participants start to criticise and denigrate me, please let's think what we want to gain from this forum. What do we want this BB to be?

There are a lot of knowledgeable people who participate on here! Some with expertise in geology, some in developing and floating companies etc. Many no doubt with a vast knowledge and experience of investing over many years!

I would very much like to interact with such participants and learn from you/them and pool our knowledge to make a best judgement (realistically) on "What's the company worth......at Mile stone (a), Milestone (be) etc. etc.

I see no value in all of us denigrating one another or Sachin and Stephen. We may consider they AND ALL AIM CEO's are paid too much!! But THEY ARE NOT scum bags, THEY ARE NOT fools, and those who make those statements I would ask to genuinely reflect, and ask themselves how they would feel to be described that way by SH's who perhaps don't know all the facts! We on the outside can NEVER KNOW what's going on "In the center of the Archery Board"!!!

Please let's try and have a constructive BB going forward!

BarkingCrazy, re: "So will the gang trying to move in sell their 6% + shareholding now to rub salt into the wound.

I asked that question this morning. The answer in my words....NOT verbatim was, "Not known but unlikely. The Requisitioning group are more interested in making money than trashing a share price". My take is that they are more professional than to trash the price. BWDIK!!
Yours is a very relevant question though! Time will tell.