Member Info for reggie72

it says in there 'pending' the availability of rig! I can see another raise coming with admin at over $3m for just 6 months!

news out. they are using the Ensco 72 rig confirmed and that is in the immediate area which means we are close now!

still a way off then. q4 'maybe' so that means q1 2019 after another long xmas break where nothing gets done from mid nov!

yet despite all these what you were think were positives it is still sitting below 30p. had less going for it at 40p+ so shows you how fcuekd up the aim mkt is with funding included.

didn't think I would get the opp to top up sub 0.5p! you would think oil was $20 not $80+!

Brent over $80 now so a great time to be drilling back to back wells in proven oil producing areas.

This well is a big deal for a minnow like Boil. P50 250mmbbl so high potential.

and to add to that Atrebates if the assets prove to be as decent as they look they may well sell out early and put some cash into the Sundgas deal. You will note they have just acquired a block off Total in Asia I think and hold 100% WI!

MB may keep on as Chairman for a new hungry ceo?

Still lets see where these wells go first.

Big shift. You get an oversubscribed 0.5p placing with the directors taking part and a SP collapse back to 0.25p and bugger all interest. Main issue is delays but the board still have a lot of convincing to do as they over the last 6 months have basically shot themselves and us in the foot by not delivering anything tangible.

Morning Atrebates. Given the high cos on both wells then I am bullish that one at least will deliver. The Ensco rig is in the area so you would think we are close now to drilling.

NL needs to do a bit of PR. Confidence along with the SP in tatters. Seems like he has gone into hiding.

I'm in Boil & RBD mate. Worth nothing rbd value 5x Boil who have other interests in s America and asia.

screw this i'm backing off into Boil this am who are drilling in proven oil producing areas back to back wells this year.

As another poster mentioned I think the plan is to prove the assets and sell them off for cash after these drills. There will be plenty of interest imo on both. Possibly put the money into Sundagas who have their first deal on the Total block!

Boils drill partners bouncing back today. Could see a scenario where both Wick & Colter are drilling together in Q4!

funny that as the CEO of Reabold said Sept last week in interview and he should know!. Suggests early October as it was only due to spud Sept 30th so a day or two over in early Oct looks like.

according to their CEO confidence is very high in the Wick well.

not really they don't have much else going, just looked at their portfolio and Boil have Colter, XX1 and possible Sundagas tie up but valued 3x less

Boil lagging well behind on UPL performance this year. So maybe better value here with Boil active in both Wick & Colter drills this year. They are valued nearly 3x Boil for some reason.

someone just took 500k at 0.35p which is well above full offer - still a very depressing SP though!