Member Info for ShadowCelt

Never met you but what a lovely outlook.

£130k from yesterday

Junior explorer to a Mid Tier Producer ! With Wressle still to come

http://aim.share-talk.com/mk_OYeDe

Interview here http://aim.share-talk.com/mk_OYeDe

Oil and Gas

RNS Number : 3930C
Reabold Resources PLC
17 June 2019
17 June 2019

Reabold Resources Plc

("Reabold" or the "Company")

Discovery at West Newton, Potentially Largest UK Onshore Gas Field

Highlights:

· Successful appraisal of onshore UK discovery, with both gas and liquid hydrocarbon volumes encountered

· Preliminary data suggests West Newton 2C Contingent Resources* is at least the pre-drill estimate of 189 Bcf (Billion Cubic Feet of Gas), the equivalent of 31.3mmbo (million barrels of oil)

· West Newton is potentially the largest UK onshore gas field and potentially the largest hydrocarbon discovery onshore UK since 1973, subject to further testing

· West Newton is near Hull where there is an abundance of production infrastructure

· Permitting in place for Extended Well Test planned for Q3 2019

· Existing pre-Drill NPV (Net present value) for West Newton of $247 million*

· Deeper exploration target in the Cadeby formation encountered hydrocarbon shows with an oil saturated core

*Connaught Oil and Gas Limited ("Connaught") management estimate. Connaught has a 35 per cent. interest in Rathlin Energy (UK) Ltd ("Rathlin"), operator of the West Newton A-2 appraisal well.

Sachin Oza, Co-CEO of Reabold, commented:

"We are delighted by today's results confirming that West Newton could potentially be the UK's largest onshore gas field. The results of the well have exceeded our expectations and have also shown a significant liquid hydrocarbon volume which has increased our excitement and the future value of the field materially.

"From its onshore location near Hull and with nearby infrastructure available, we anticipate that West Newton can provide material volumes of hydrocarbons for the UK's energy needs at low cost and in the near term.

"Success in a project of this scale would undoubtedly be transformational for Reabold and its investors. We look forward to the well test in the coming weeks and potentially generating early cash flow from the testing programme."

Reabold, the investor in pre-cash flow upstream oil and gas projects, is pleased to announce positive results at the West Newton A-2 appraisal well, located within PEDL 183 in Humberside, onshore UK. Reabold holds a 24 per cent. economic interest in this licence via its 36 per cent. holding in Rathlin, operator of the well.

The West Newton A-2 well was spudded on 26 April 2019 and, on 9 June 2019, reached a total depth (TD) of 2061 metres. 28 metres of core has been successfully extracted from the primary target Kirkham Abbey formation and all planned logging operations have been successfully completed.

A net 65-metre hydrocarbon saturated interval has been encountered from within the Kirkham Abbey formation indicating a substantial hydrocarbon accumulation, including a significant liquids component.

Drilling operations have concluded and production casing has been run in preparation for testing of this

Sorry wrong post

From Rathlan Energy site - 8 weeks ends 21st June

26TH APRIL 2019

The West Newton A-2 appraisal well, targeting the Kirkham Abbey Shoal and Cadeby Reef formations, was spud at 01:45am on Friday 26 April 2019.

Rathlin Energy (UK) Limited is the well operator and has a working interest of 66.67% in PEDL183.

The well will be drilled to a total depth of approximately 2,061 metres below ground level.

This phase of operations is expected to take approximately eight weeks to complete.

0.17 on the ask at HL atm

Drop is odd for sure, which is more likely - a large chunk of Gas has been found so to preserve the life of numpties hanging around and with a high possibility of them causing damage the area has been blocked or nothing / little found so they shut the road........

Drop is odd for suer, which is more likely - a large chunk of Gas has been found so to preserve the life of numpties hanging around and with a high possibility of them causing damage the area has been blocked or nothing / little found so they shut the road........

Wouldn't be surprised to see 0.16 or higher by the end of the day, with news due anytime and no buy in after this afternoon something has to give. GL All

Anyone who is any doubt at all about why this could rise many many times more than its current rates only needs to load up RADIO 4 Podcasts for today and listen to the podcast about the QWERTY keyboard, how it came about in the 1800, how it won the war against competitors through the ages being first past the post and still influences how we write on devices over 150 years later. This has literally just aired so expect it to be available here https://www.bbc.co.uk/podcasts/radio4

The drop on this is well overdone IMO, with decent news flows on the horizon this could possibly return 50% in a short space of time !

Nice to see commercial ventures with celebrity jewel makers already in play, I wonder what is next for this company ?

http://www.share-talk.com/share-news/anglo-asian-mining-plc-ticker-aaz-index-aim-sector-mining/

Wasn't expecting to be able to top up under 0.2 again :)

As I said - if you have FACTS about our current situation whether positive or negative I welcome them. If you have any common sense at all you would realize anything outside of that wastes everyone's time and clogs up the board.

If you have current FACTS that paint a negative picture I certainly want to here them. Nothing wrong with a balanced board. If you have general drivel about what happened x years ago and therefore is guaranteed to happen again you've said your piece now jog on.