Member Info for Simon_Said

Solid results there. 138% increase in EUS and clear trajectory towards overall cash profit, and it seems the Audiens acquisition is what kept it under that point (paying down Audiens loans from before they acquired them).

Jobs for the boys? What a bizarre interpretation. I guess you're looking for cheap entry...

Less significant in itself than as part of a broader picture: Not only are the big car manufacturers racing to get involved here, but for the first time electronics manufacturers are also eyeing up the car game. I could definitely see giants like Samsung considering giving it a crack at some stage.

Tesla was a more relevant piece of discussion back when it seemed the big auto companies were lagging on EVs. But now they're all gearing up, there really is no special emphasis on Tesla. Indeed, offtake to a major car company could well be significantly higher volumes than Tesla alone.

For EMH, The Volkswagen group is the big prize, as it looks increasingly likely they'll be becoming more directly involved in their battery supply chain and Cinovec is strategically located for them. This is Volkswagen, Audi, Porsche, Skoda, Seat, even Bentley and Lamborghini. Hell even Ducati could end up in the EV game (there are electric motorbikes on the market already).

For BCN, I think broader supply to battery factories that serve broad industrial customers is more likely, as we saw with the early Hanwa offtake. There are lots of options and of course the US car industry in general, well beyond Tesla, much of which is in reasonable distance, depending on where the batteries are to be assembled.

Literally every car manufacturer is getting involved - even if it's just hybrids, a lot of lithium is still needed.

That's not even to begin discussing domestic batteries which I believe will be a massive growth sector in the coming years.

The funny thing is that soft approach of ensuring contribution to the country is... drumroll...

EXACTLY WHAT WAS IN THE MOU TO START WITH!

Apparently they're going to have to revive it, change the wording to avoid accusations of blatant hypocrisy, and re-validate it.

I expect completion at VG-3 and Wick spud or at least rig mob next week.

Remember during the crypto bubble when this site was all ICO adverts? That was cringe.

Since we're off-topic, today I read about a coin scam where the ICO page disappeared, scarpering with investors money, and leaving the website with just the word 'penis'.

Good to see capital now flowing back into AIM and a lot of it heading toward Reabold. (See I brought it back on topic! A bit.)

I don't support ad blocking as it's a threat to the open web. I don't want half the internet going behind paywalls, and I want to support sites. But shite intrusive ads like these don't help the cause.

ANYWAY RBD!!!

LSE is terrible on so many levels. Recently they took away the website's device detection, so you have to type m.lse to get to their mobile site (at least on Chrome Android), otherwise it send you to the desktop site. It used to detect device via CSS Media Query but for some reason they broke it.

There's also a bug with the mobile site where links that are wider than the column space run off-screen, and none are highlighted.

Then there are the ads on the desktop site that disrupt posts by tagging to keywords and making a mess everywhere, with X buttons that jump around.

The price data is obviously terrible too, as is the fact that it's not a Responsive webpage in 2018.

Great to see press coverage, but that article is mistaken as it says Prudential are taking a fresh stake in addition to the placing. This is in fact the placing itself, as Prudential own M&G who took £3m of shares in Reabold.

Fantastic news and a massive endorsement from the city. But technically last week's news!

Good to see the M&G shares clear. Stephen once told me that they have a strategy of only making final asset negotiations when the cash needed is sitting in their solicitor's account ready to go. He explained that their negotiating power is much stronger when it's not 'subject to placing'. That money cleared this week, so as we speak the boys are likely 'at war' securing the next asset or 2 (or 3). Exciting times.

Not sure about this '6 announcements' guff. We don't know how many RNS's we'll get because the operational activity ahead may have any number of RNS-able events (much is down to BoD discretion), nor do we know how many corporate announcements we might get (new asset acquisition, any other type of corporate activity).

My previous post took a look at likely upcoming events, each of which are likely to generate multiple RNS's. Thus I expect vastly more than 6 in 6 months.

The next to expect are VG-3 completion and initial flows, Monroe Swell spud, new asset acquisition and Wick spud. Those are all due in the next few days/weeks. Much more to follow before end of 2018 with spuds for the first Parta gas drill, Colter and Grizzly Island, and plenty for 2019 too.

Countdown to Earache arriving to tell us all why the revised PFS won't help anything 3... 2... 1...

Oh as a guy on Twitter just pointed out, there is also an unexpected volume of gas from VG-3 (according to last interview with SW), so the well economics could look substantially better than planned. Quite an intriguing little tidbit that turned out to be.

*Chris not course

Hope you've got good internet where you're going Chris - so much news due to drop.

VG-3 taking a while due to their decision to complete as producer and not do any flow testing, meaning as well as casing and concrete etc they've also got to install all the wellhead equipment, then obviously still balance the well. But it must be close now. I am expecting around 100bopd. Once again a reminder that these wells are about overall economics - cheap to drill and maintain, low decline rates, low per-barrel overall cost - rather than blockbusting BOPD. Wells like these in the USA are profitable on tens of barrels per day. VG-3 should provide immediate cashflow with miniscule overheads. This is why they bothered drilling it! That could certainly brighten up Chris's holiday.

I expect the final state of that well will determine whether the additional well at West Brentwood mooted in the last RNS will be drilled. This wasn't in the original plans but after the recent placing they are more than equipped to drill this and to still go ahead with all the other plans the company has.

Separately the first of 2 fresh drills at Monroe Swell (the site of our workovers already producing revenue) is also due to kick off shortly and distract Chris from his holiday. Once again these are cheap to drill 'quick wins' which will provide Reabold with near-immediate cashflow. All the oil from the Californian campaign is sold at Brent prices rather than WTI which means at present around 15% more dollars per barrel.

Meanwhile the seabed survey around the Wick site continues, suggesting that's about to spud (expecting someone on Twitter to spot rig movement any time now).

And of course we expect new assets to be announced imminently, I believe Stephen said 'next few weeks'. After talking to him on the phone, Malcy seems to believe '2-3' new assets rather than 1 single large one, suggesting a return to the original 'phase 1' Reabold plan of £1-1.5m per project (a rule they've not kept to in practice as opportunities have popped up they felt they couldn't miss).

Hopefully course your return from holiday blues will be somewhat cushioned by the thought that the run-up to Christmas here should also see spuds for the first Parta gas drill, Colter off the Bournemouth coast, and Grizzly Island in California.

The stock market always makes 7am a heart-racing time, but for Reabold at the moment it's for all the right reasons.

Thanks Albinio very interesting - that would be great to see for less-banked nations.

Oh sorry see your point luckyman - that's a UK drill for next year, so it was my omission. Great that there are so many drills associated with this company now we can actually lose track!

I was listing imminent and 2018 stuff. Oulton would come under my part at the end, 'Beyond that there are more drills in California and Romania planned for next year'.

- VG-3 completion as producer and preliminary flow rates
- Decision on a further West Brentwood drill (not in original Reabold California plans)
- Monroe Swell well 1 of 2
- Wick spud
- New asset (likely more than one) using the recent placing funds

That's just stuff that's imminent. But before the end of 2018 there'll also be spuds for the first Parta gas drill and Colter.

Beyond that there are more drills in California and Romania planned for next year, further UK drills via Reabold's stake in Corallian, and whatever else we're going to find out about soon from the placing funds.

Breathless few months ahead.