Member Info for RNSTranslator

'you won't see all 118 metres in any individual well. It certainly can't all be in the B-1Z well that is currently testing.'
I'm afraid this is a fact, the B1z well encountered 60 odd metres not 118m.
This is self evident from the presentation which shows the logs from WNA and B1z.
The 118m comes from including the hydrocarbon indications in the B1 well which is shown on the cross section as thin and deep.

NVG
“ annoy me by trying to p155 on my bonfire constantly. ”
Your bonfire?
Your F off Villa
Your F off Boat
Your F off Beach hut
Your F off Aston

Yes We know, it’s all about You, your need to tell us how successful you’ve been , how you short the DAX, twice a day sometimes, and how you told us this share will go up an F of a lot……,
Your headstone
I came
I was very very successful
I left
PS built like a hamster

Correct, my mistake.

Rubey
Wrong, it was set on 30/11/2020 357916 shares at £2.20 each. See companies house records.
Try to keep up.

"Mr I, you clearly believe the primary school maths that was promoted by some of the idiots on here. The value was set at 0.675p, which had been the average share price over the period leading up to the offer. Corallian shares were valued at £3.20."

And exactly who decided that the Corallian price should be set at £3.20 given that the last raise was at £2.20.
Not only did they issue 500mm shares they did it at a valuation almost 50% higher than the priceset less than 5 months earlier?... what's happened since then to add 50%??.

Senseman
I’ve read your post several times and don’t quite understand your point.
Production from Jul 22 (actually it should be from May 22 as the field will need to shut down ahead of the AM contract expiry in June 22) is production/revenue that can only be accessed if 1: the bondholders agree to an extension (which is entirely at their discretion) and 2 : there is an agreement to extend the AM at a reasonable rate and without termination fees for an early termination . And 3: the well continues to produce as forecast.
So I fail to see what has been “hidden”, that production requires agreements from BH and Bluewater for it to be accessed. And therefore as we stand today it’s not the shareholders.
Happy to be enlightened.

It’s just a wind up.
CA the soon to be deactivated activist.
You couldn’t make this stuff up….

yup, standard practice to shut the well in and observe pressure recovery if its flowed... tells you how much "volume" there is behind the pipe... very generally speaking fast recovery to original pressure is good, slow recovery to less than original pressure is bad.

Albie
Re the Bond buy back... did you actually read McTiernans and/or AM's statements, where this was addressed?

My views?
All I hear is a partisan interpretation of what’s happening in court, and who is picking their nose and scratching their @rse.
He’ll either agree to the scheme or not.
If not the bondholders will simply force the situation.
Bottom line hasn’t changed, can’t pay debts when due, and an unresolved situation on the AM, so even if you can agree an 1 year extension on AM at an acceptable rate and even if you refi to cover the shortfall you’ve got no cash left to do anything and a well that’ll be doing under 9k and falling a day won’t get you $80mm plus to drill a sidetrack anytime soon after that.
The Judge cannot change the fundamentals of the situation, no cash to do actually do anything in every scenario.
As I’ve said previously the Board are toast whatever the outcome….shareholders don’t want them and neither do bondholders.

2bfair
That’s only really under natural flow, where there is sufficient natural pressure to get the fluids to surface.
It can be enhanced by ESPs.
If your pumping a reservoir that hasn’t sufficient pressure to flow itself then it’s generally limited by the pump capacity rather than exposed reservoir length.
If it’s true that WNA liquids didn’t flow to surface.

Flow rate expectations based on LRP type
http://regalaustralia.com.au/mktg/marketing/pdfs/LRP_flyer.pdf. see graph bottom of pg 2.
Assuming they use at least the L826g or its equivalent, and at a depth of 5500ft flow rates are expected to be between 200-700 bpd.

Its not up to the Judge to set the terms of the deal with the bondholders.
The only people that can agree to a new deal are the bondholders, and if they wish they could agree to make it 10% or whatever they wish.
It's his job to either approve or not approve (or delay approval) of the scheme.

aduk
The terms of any awards to BP/Shell in adjacent acreage are a matter of public record and are posted on the OGA website..
Unless they bid firm drilling, which they didn't, they are not obligated to drill. My recollection was that they agreed to shoot new seismic.
So in effect they have 4-6 years to review the acreage.

"Can you direct me to anything the 2 jokers have said that has come to fruition in the timescales mentioned ?"
Uggy Sure:
Annual and Interim Results, AGM and AGM results.
They also met all their KPI's 1-7 (other than 4&5 which were increase net asset value and share price.)
Paid on time each month.

Jiffy:
same old guff...
I post under one name on all boards and Tickers, I don't get paid, well not to post on BB's at least, I know some folks don't want to hear a rational argument, nor indeed actually engage in one.
So its probably best you stick to denial eh!
Todays tricky question: According to the evidence of AM the RPS 2013 CPR ( no longer on the website) had the OWC at about 1300 odd metres, why did they change it to 1600m in 2017? only for ERCE to move it back to where it was originally thought to be? Why did Roy Kelly ex MD of RPS "coincidentally" leave the HUR board on the same date as Dr T?
answers on a BB please...

"It's quite straightforward. Ask the Corallian shareholders whether they would be so keen to exchange their Corallian shares for Reabold shares after West Newton test results, considering the rate could reduce considerably from 474:1."
The value offered would be the same, just fewer shares issued by RBD, so no difference to Corallian holders, who to be frank had no other options for monetisation.

McNimby
What did you mean by this statement then? " I expect it's because they wanted to ensure grabbing the extra stake in Corallian"
Why grab an extra stake now??
I'm simply flummoxed why they would do this now rather than wait a few weeks or a month?

McNimby
I'm afraid what you just posted is nonsense:
Until Corallian have finished FEED and got OGA to give a contingent FDP then the value of Corallian won't change.
They already held 36% so there was no danger of a takeover.
The shareholders had nowhere to go.
So why did they do this at 474/share when if the WN test is finished (in a matter of weeks.months) and as they like to claim its the biggest onshore discover since 1973 they could buy Corallian shares at 237/share assuming RBD share price has doubled.
It makes no sense at all, and begs the question why have they done it... it simply led to a pile of new shares hitting the market ahead of the test... How can you claim that Victory has upside that is bigger than WN??? that's simply nonsense...
There's a reason and they're not telling anyone...

"RNS, I would ask you the same question as I asked Slift and got no reply.......If you are not invested in HUR then why are you on this message board?"
Firstly its a fascinating insight into how some shareholders behave, - "just tell me the upside, I don't want to hear any negativity, or indeed understand the potential range of outcomes,"
Secondly to counter those who deliberately mislead for their own ends.

This is not simply a public forum for "believers", if you want that then set up a private group of likeminded folks...You may not want to hear anything but positivity, that's your choice, that's also not investing, its gambling, anyone not interested in the full picture can simply ignore what I say.
The fact they feel the need to respond by abuse rather than reasoned argument tells you all you need to know...