Member Info for PDMSPiper

Only the company know when when test results are due, it is confidential inside information that can be used to manipulate the SP. We have been informed that the wells are being flow tested and put into production. Results can be out any time. If you want to buy or sell based on information flow then that is a judgement you have to make. They don't make it easy by giving out exact dates when results will be issued lol.

They are here Bob because they want to buy in but they want to buy in lower. They smell a trade, a certain rise when CF are out but they've lost their money on ADL and RMP. They only have peanuts and are desperate to make the most of it LOL. Desperate people with a desperate short term agenda. They don't affect the story here and they certainly wont influence well researched long term RBD holders. Their insignificant trades won't affect the SP either way so they're not worth bothering about. The drill program is fully funded and unfolding now so let's see what the next few months brings. My guess is we'll be back up to .85 very soon within days of CF finishing :)

We are part way through a fully funded drilling program. We have more Monroe Swell drills coming plus West Newton, biggest onshore U.K. Drill for years, progressing toward an imminent spud and Parta, which will spud in June. All these drills are the remainder of the current program that investors in here from higher have paid for. The chancers turning up here now are familiar names to me from the boards of Boil, ADL and RMP. Lol. They have a few hundred quid left from their trashed PF's and recognize RBD as the Best Buy in the markets currently but because they only have beans they need to make the most of it. Much bigger and smarter investors than these serial losers have bought into the RBD story and we will continue to do so. The fundamentals of the ongoing development of the company are the important thing. These clowns will have lost patience and sold out for their £300 profit soon anyway, they'll be in, out and away to the next aim pump n dump rampfest to lose some more money. Leave them to it. They are not part of the story here.

and will be buying daily to increase my holding until the TR1 drops. I think it's highly unlikely you'll be able to buy after CF are finished and as they only had 136Mill at last disclosure by the company a number of months ago, they definitely have not got many to go. Pi's that are in much higher are unlikely to be selling down here and other cornerstone institutional investors are not selling here either. It is certain that there will be a scramble for stock from both investors and traders. Last time we were down here almost a year ago it only took a few weeks to head back over .85 and that was before we had the California success. I'm happy to be in for the long term for monetisation of the assets and happy to grab stock at these prices. Don't forget, most people on these boards are traders and they will be playing with £1500's worth of stock. They don't affect anything. None of the fundamentals have changed here. This story will play out this year and those with insight and patience will make a lot of money. Until then, the traders can have their beer money. There are bigger prizes on offer.

No that's incorrect. They can withold wireline data under the commercial confidentiality clause. It happens all the time. Sacgasco, another Ozy company, ramped their Dempsey well in Sacramento last year as having significant gas shows then refused to release wireline log data to the market. Subsequent flow tests proved to be sub commercial even though they had big gas kicks and high pressures. The formation was too tight. They can withold what they want under commercial confidentiality I'm afraid.

Wireline tests are not always made public to the market. Wireline results can remain secret under commercial confidentiality rules. They then enter into NDAs with prospective buyers of the license. They do this to prevent competitors benefiting from the information and poaching neighboring licenses where the field could well extend under. Any prospective purchaser will require definitive flow data, which, as I say takes several months. GLA

I'd chill out a little here fellas, otherwise you are setting yourself up for disappointment. The well needs to be cased which can take a week. If casing goes to plan then it is perforated with an explosive gun which is a very risky operation and has to be done carefully, it takes time. Completion tubing is then installed which takes another few days and the well shut in for a pressure test which is another week. The tree is then installed with wing valve and a flow test will begin. Preliminary flow figures will be available about 4 weeks after that, say in 6 weeks time but they are unreliable. An extended well test will be required for definitive results. That takes about 3 months. That's if all goes well. If you have problems with the casing or the perf, as UKOG had then you could be 6 weeks. I wouldn't be too quick to dismiss Diamond Horse and his short as idiotic. He obviously knows how long this process takes and how risky it is. I've never yet seen an SP that doesn't drift down while waiting for flow testing. Hold by al means but prepare to take a hit. Good luck all. I hope it's successful as AIM needs a good gusher for liquidity. :)

Is seldom as positive as expected here, there's no denying that fact. The issue with RBD SP performance IMO is that the market is assessing each positive result in isolation, small rise, traders take profit, then again at the next drill. Time will come when market will look at the value of the PF and that's not far away. I'm patient. No rush for me. I view RBD as a coiled spring. As long as the good news keeps coming I'm happy. I don't care if the market takes all year to attribute value. Building wealth takes time and patience. More drills on Monroe Swell now, West Newton and Parta still to come. I'm happy to sit and hold. I'm off to the beach for a long walk with the dog and a few beers after. No stressful trading for me. Work smarter, patience. :)

If we manage to sell Colter then it will be a massive bonus. In my mind I've already written it off and left it behind. Onwards and upwards, we go again. Monroe Swell and West Newton. Success at both of those will form a good foundation to build on.

I don't think an extended program of drilling in Cali will be reflected positively in the SP. I really think the Cali assets need to be proved up and sold as a long term producer. S&S need to prove the exit strategy side of the business model and practice what they preach in terms of bringing shareholder value.

Exactly Bob. In fact most of us are in Reabold exactly because we do realize that this is a risky business and the RBD strategy and diverse portfolio offers a certain amount of downside protection when these setbacks occur. In the event of a big oil strike any company involved makes money and every shareholder can make money but it's in the times of adverse results that quality shows. Both Boil and ADL have done a Leonardo and sunk into the depths whereas RBD has took a small hit but with another positive result in Cali we could be well over 0.75p again next week. When things get tough trust your own judgement and research and remember why you bought into a company with solid fundamentals and a strong portfolio. Days like today are why we are here. It's like car insurance, you don't know how good your company is until the day comes when you have to put a claim in. The first big test day was today and I'm relatively happy with how we held up. :)

No and Yes. No it doesn't extend onshore but yes it can be drilled from onshore. Modern fracking technology has led to perfection of horizontal drilling techniques that were never before possible. That's one of the reasons a lot of these old discoveries that were previously inaccessible are now being reappraised.

Yes Dez, I've noticed them myself, an organized group, Gary Bluehorse the painter and decorator who tells everybody he's a fund manager, SteveTTF, oilman Jim, sharecog. The fact is they were all in RBD not long ago and they sold out because they got advance wing of the CF selling and expected it to crash the share price. It didn't and neither did Colter so now they are frustrated and angry and trying to encourage selling so they can get back in. Sad individuals. I ignore these idiots. The fundamentals haven't changed for me. I'm well researched and holding for the long term. Let's see where Monroe Swell and West Newton take us. GLA holders.

Persimmon isn't looking for a lower entry or any entry. Persimmon is an eco warrior who doesn't invest in resources stocks, he said so himself. His MO here is to discourage investment. It's like a religious quest for these environmentalist eco warriors. Every oiler board has them. He'll be bashing this all the way up to 5p if Rathlin and Parta are successful. He doesn't care about facts or information. Not worth engaging with. You are wasting your time. Just filter and ignore.

Already in Cali and Monroe Swell results due next week. Rathlin is much higher cos than Colter, 74% and then Parta in Romania which is an existing discovery. The SP is holding up very well and the diversification strategy paying dividends when these setbacks occur. Derampers are obviously disappointed at the lack of a hit on sp lol. Do they get it now? This is why we are in here and not the others. Patience will win the race here, I have no doubt.

So "BellNippleBear" is your other account then Luckyman. Ha. So confused you forgot which one you're logged in under lol .......ssshhhhh.....nobody noticed.

Well make your mind up Luckyman because since about 5pm you've been posting on both the ADL and Boil boards that there will be news tomorrow in your opinion. We'll soon find out. That's me over and out until news lands and there's something to discuss.

When they've finished drilling and got a result they have to get the news out as soon as possible irrespective of what it is. They can't risk holding on to news until Monday when they have it on Thursday night. If results aren't released tomorrow it will be because they don't yet have enough information to update the market.

The drop often comes before good news. Seen it time and time again, often with very little justification on little volume. Too often to be coincidental.

...In my opinion. The drop today was overdone for the number of small sells and a lot of them were buys under the mid. A drop before big news happens too often for it to be coincidence. Colter RNS tomorrow morning and MMs have gotten wind of it.