Member Info for Rubey

I think they need the cash, krull.

I think there's a very good chance that an institutional investor may be tempted to take Humber's share allocation before it gets onto the open market.

'try reading it again' lol. Try reading my post again. - 120m will be able to be sold in the first 3 months after approval.

Lang's TR-1 stated he went under 3% on 11th July. At the time the share price was 0.21p. Within a week it rose to 0.3, and stayed around that level for a further 6 weeks, before dropping to around 0.27. Lang (Humber) had no effect on the UJO share price, in my opinion. It was rumoured that Chrisoil (UJO's other big investor) did the damage to the share price, not Humber, because they'd already gone.

Isdeer, Humber went from 15% to under 3% in UJO 4 months BEFORE the big November RNS, so they didn't exactly sell into the rise.
As far as I understand, the OGA haven't yet approved the issue of shares to Humber, and only 120m will be able to be sold in the first 3 months after approval (that's only 1.8% of the share issue).

So, assuming Wressle is equivalent to California, and Biscathorpe is equivalent to Parta (percentages relating to UJO & RBD) the market is now saying basically 16.67% of West Newton is worth more than 56% of West Newton! Weird.

Why would someone, who's not invested in Reabold, want to spend all day/every day posting negativity on the Reabold bulletin board? Especially when the company has apparently made him loads of money? Either this bloke needs to see a shrink or he is one sad dick.
Isn't there a rule about posting disruptive/misleading rubbish? Can't this tedious moron be removed?

Because he's an annoying, selfish ****.

Why don't you 2 get a room. This is not the THRU bb. Bugger off, if you don't mind.

Very content? I'd be worried as hell.

Well done Joe. Very true.

I keep looking at the 1 year chart for both BH. I'm not into reading charts but the simple comparison is striking.

Thanks GP.
My understanding is that condensate would be far better than conventional (black) oil, and I'd made the same assumption about it's presence at West Newton.

RBD market cap - £39m - 56% of West Newton
UJO market cap - £37m - 16.7% of West Newton

A big correction is due ; )

I will add Mark, you say that California isn't producing much. I believe it is producing more for RBD currently, than Wressle will for UJO when it comes on stream, and California has a long way to go yet - without all the red tape and idiotic planning crap we get in this country.

Absolutely Mark, but very little really has changed for either company since the comparison was 6 to 1, eight months ago (apart from RBD acquiring 16.67% of West Newton, and UJO acquiring more of Keddington, Biscathorpe and Wressle - altogether nowhere near equivalent to the value of 16.67% of West Newton).
As far as Biscathorpe being 'massive' is concerned, even if it is as good as we all hope, it will be small beer in comparison to West Newton.
My point really was that RBD is 50% undervalued in comparison to UJO, and this will correct itself in due course. When it does, of course I want most of my shares to be in RBD.

why it's so quiet here. Is it a secret that things are about to start again at West Newton?

you could buy almost 6 UJO shares for the price of 1 RBD share. Since then RBD have increased their WN percentage by 16.67%, but now you can only buy 2.7 UJO shares for the price of 1 RBD share. I can't see UJO dropping, so surely RBD is due a significant rerate. UJO is currently 0.22p, so what should RBD be? 6 times would be 1.32p, just to restore the previous comparable values!
Or am I missing something?

So, if you're the Chris he was referring to, who was the other poster he was complaining about?

Mark it reads that acidisation will follow downhole pressure and sampling work, once they have been concluded. I think it's more a case of how long that will take, rather than how long acidisation will take, if I read it correctly.

Mark - from ADX:

ADX will assess the potential for stimulation and clean up using acidisation to initiate commercial well flows following the ongoing down hole pressure and sampling work mentioned above. ADX believes the equipment required to acidise and flow test the well will be readily available.
Further flow testing results will be provided to shareholders over the coming weeks including the analysis of down hole pressure measurement and fluid sampling as well as the results of any future clean up stimulation or testing programs.

Rodster, I assume you were referring to me, and having read your recent posting history you just seem like an angry poster who lashes out at others having made a balls up of his investments. The slightest research would have shown that I have, and will never have **** all to do with 'Chris', you ****ing idiot.
Apologies all for my use of asterisks.