Member Info for Rubey

So you are disagreeing with Uggy, artyth? That's unusual. lol

35% discount? Where have you read each Corallian share was worth 308 Reabold shares?

Well, I know enough to appreciate that if I choose to invest in an AIM listed oil and gas investment company, I do so accepting that the people who run it will know far more than myself about investing in AIM listed oil and gas companies than me, but once I make that decision, the risk is my own, and if it goes tits up, I made a bad choice.

Fortunately, it currently seems to me that I made a very good choice, but for some bizarre unexplainable BS reason you disagree.

Honestly Uggy. You have no idea what's going on, so give it a ****ing rest, please. It's tedious.

Agreed itsawrap.

A few chunky trades over the last couple of days.

What has Simon Oddie got in store for us next week? He doesn't tend to go to the trouble of being interviewed with there being nothing to say. Wressle looks to be quiet, so as the proppant squeeze is likely to need some setting up procedures to be undertaken first, I doubt that is what he wants to speak about. Let's hope it's a new North Sea interest.

Dingodog. Manwell posted this a while ago:

'The way I view it is as below. (some of the steps are unknown)
Rig now on site, 1 week to rig up all equipment and commission. this includes the WT equipment which the lines will be flushed with water to check integrity of the pipes. normally this has to be signed off before commencing.
Recover kill string & tree, install BOP.
Possibly run a scraper assembly to clean up
Circulate out the kill fluid and turn well over to whatever completion fluid they are using.
Run the completion (not sure if any pump going to be within the completion BHA, could try to let it free flow first of all, then if not successful install a pump)
x-refencing the log on the RBD website looks like they need to perforate between 1700md - 1725md.
Another unknown here is what length they will perforate and what the SPF is (Shots per foot of the guns)
should then be some wellhead work to reinstall the tree / rig down the BOP
likely be some slickline work to pull barrier plugs
above should all be completed within a week - so roughly two weeks to starting the actual test, as only working day times until the test commences.
then on to perforating
then it will be on to the testing programme which will include an initial clean up and then monitoring the initial flow and pressure at the wellhead, then various shut ins for pressure build ups and applying various different choke sizes to try gain optimal flow.
no doubt they will have various contingency options if the well doesn't lift, not sure what thou could be thou, nitrogen, acid, pumps etc

I would like to see an RNS for that first initial flow rate and pressure at the wellhead. Not uncommon for operators to release these. Then it will likely be silence until the test is completed in 4 weeks time.

Above process is of course very rough as there's a lot of unknowns - testing on A site should take roughly the same time, however don't be surprised to see it take longer to clean up due to it being left a while.'

Don't you get tired of thinking of new ways to make investors sell, persimmon. Such a pathetic waste of life, trying to make people lose their money because their invested in oil and gas.

And just to clarify BC, what is factual about this statement you made?

'Anything out to sea and requiring more assessment and drilling is far too expensive for the likes of RBD '

It's not a case of reading between the lines as persimmon keeps suggesting. Just read the lines! It's not complicated.

BarkingCrazy, read what their plans are for Corallian. Read the 22nd Feb RNS as an example. An extract FYI:

'The Convertible Loan, including interest at a rate of 15 per cent. per annum (accruing daily), will convert into new ordinary shares in Corallian ("Corallian Shares") within 21 months from the date of Instrument. If, during this period, Corallian is acquired, undertakes a material disposal of assets, an initial public offering or a reverse takeover, where the relevant valuation (each, a "corporate action") is greater than £3.20 per share, the Convertible Loan will convert at £3.20 per share. If the relevant valuation is below £3.20 per share, then the Convertible Loan will convert at a price equal to the relevant valuation. If no such corporate action has taken place within 21 months, the Convertible Loan will automatically convert at a price of £1.50 per share.'

It was too positive Chris. That's why someone got it removed.

Moan, moan, moan, moan, moan.

Give me strength!

I wonder if whoever buys Equinor's stake in Corrib (assuming they are selling), if they'd be interested in Inishkea and Edge? Could Europa relinquish the licences for a 5% NPI deal like DNO? How much could that possibly be worth? Must be a huge amount of money.

CB, that was interesting an interesting quote.
"there are a few other elements in this play that are being worked on by other companies"
Maybe it's to do with the geology and how it could change the potential of other licences?

Thanks soulac. Another good post.

I don't agree with you persimmon.

As a separate issue, it's good to see free speech being exercised at West Newton today.

A couple of scabby stinking protestors, and the police have to deploy a dozen officers and 4 vehicles. What a waste of public money, just because of 2 eco-bullies getting wet by dictating to the rest of society how we should behave.

Normal costs. Goes to the broker securing the fundraise.

9.20 in, regarding EWT duration.

https://www.youtube.com/watch?v=kbonWR5Mohk&t=17s

From RNS 28th Jan.

The net proceeds of the Fundraise will be used, alongside existing cash resources, to provide incremental capital to fund the Company's share of:
i) additional appraisal and development activity at the Company's landmark West Newton project, potentially one of the largest oil and gas discoveries onshore UK, notably drilling and testing of the B-2 well;
ii) activity to assess and define the prospectivity of the wider PEDL 183 licence, which includes West Newton, including a seismic programme and exploration work to identify additional future drilling opportunities;
iii) potential costs associated with the fully appraised Victory gas development, which was recently awarded to investee company, Corallian Energy, including an environmental assessment in order to achieve FDP in late 2021; and
iv) additional contingency to provide capital flexibility across the Company's investment portfolio and working capital.

As you've refused to answer my question twice already, I'll try a third time.

persimmon, you referred to me as 'King of the Ramper set'. Give me just one example of me ramping Reabold.