IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
Fingers - you've just revealed what is ACTUALLY going on. Does anyone really think that RNS coming today is a coincidence...
Oh and Sachin talked on Radio 4 about potentially mitigating the impact of these wells via carbon sequestration, which helps too.
It's a tricky argument to make to oppose this - the 'leave it in the ground' argument some are wheeling out is incredibly myopic when you consider supply is international and demand comes from people who largely don't give a monkey where it's from. Block it here? We'll buy it somewhere else, and another country can reap all the benefits. Great...
OR make a bunch of revenue here (and jobs), use it to help fund our beleaguered state including the considerable budget that goes on measures toward a greener future!
Here here piper, I concur!
It's a tricky environmental argument to make, because this is near-term gas supply. We're hardly going to stop using gas as a society with immediate effect, so if you accept there are at least a few years left of this energy source (lol) then you should really back getting it locally, where tax and employment (which brings more tax) all go to the UK government.
A potential new UK onshore gas field (this is just well #1!) certainly is not good news if you're someone like Putin who uses gas supply as a chess piece.
BBC has already happened. Radio 4 this morning (and I think repeated during day), plus we're in the live business feed, and the local news feed for Hull for what it's worth.
This is going to get bigger and bigger as word spreads. And yes, all the press so far is focusing on Reabold - rightly-so given their stake is the larger.
Yes. RBD's interest in West Newton is materially larger than UJO's. Almost 25% which is equal to circa £50m net to Reabold - and that's the lower end of estimates, and we know from today's RNS that the gas has exceeded pre-drill estimates, and the bigger prize of the oil looks likely now too. Quite astounding.
I think a lot of traders looked at the proportionally larger stake of UJO's overall PF that WN equated to and thought that meant better chance of bagging. They may have been right in the short term.
But the 'long term' for RBD isn't very long. Alongside all still to come from West Newton, RBD are about to announce numbers for its various Californian interests, and spud at Parta which is a re-drill of an existing gas find, just needing to be drilled and hooked up to a pipeline. And we still haven't heard the last of Colter.
At 1p it's pretty laughably good value. Don't think this'll last long. Especially with mainstream media paying attention.
Well it's convenient that this is just the first sniff of the big news items then, isn't it Sad Sack!
Exactly fingers - this is looking to be as big as the investment going in will allow for. That's the limiting factor. And who is best placed to exploit a project with economics like that...
Hint hint. The folks car.
Amazing RNS. Sachin was on radio 4 just now talking it through - this is one of the big finds in AIM history. Enjoy it all :)
Assuming most of you don't know Fadec, he's one of the most in-depth and knowledgeable PI's I've ever come across, and always polite and flame-free to boot. A consummate gentleman and seriously knows his apples. An asset to this board.
Hello Fadec, I remember you from another life! Good to see you again, hope you're doing well. RBD is a quality company and I've met the CEOs multiple times, I have every confidence here.
It's not just ST - Investor's Chronicle have turned off commenting altogether. In fairness it is a huge risk on an investing site owned by the FT and must have required significant moderation.
RH, good to see you back. Did you hear something somewhere that made you want back in?
I have a screenshot of the previous major holders list, dated 9 October 2018. It showed Miton @ 9.34%, M&G @ 9.23%, CF @ 4.70% and Ruffer at 4.11%.
Today's update is obviously a huge change.
Knocking knees would at least imply you occasionally leave the computer.
See my response below, Badger - exactly what I did. Reabold@camarco.co.uk works well. In this instance they have already replied and told me that page is about to be updated.
Hi Jack. I just contacted Camarco and an updated version of that page is being prepared and will go live shortly.
Very much appreciate both of your knowledgable contributions. When we get people with industry knowledge in here it's so helpful.
That's 1.25p for that alone, not counting all the other assets Reabold is involved with. Interesting prospect...
I think you guys are over-reading the ticker movement - the actual sales are tiny, and much of the red is just the massive spread. The mid hasn't moved much today and there have been barely any trades. The RNS hasn't really moved the needle either way.
OK, but it also analyses the market nicely, talking about the infamous M&G report and the advantages of hard rock. I think the relevance is clear enough.