Reabold Resources Share News (RBD)

IN BRIEF: Reabold shares drop as sells investee Corallian to oil major

Reabold Resources PLC - oil and gas company with projects in the UK, the US and Romania - Sells investee Corallian Energy Ltd to an unnamed oil and gas major. Receives net proceeds of around GBP12.7 million from GBP32 million sale of Corallian and its Victory license. The valuation is a "significant uplift" of Reabold's investment of GBP7.5 million in Corallian since late 2017. In May, Reabold said that Corallian, in which Reabold owned 50%, had received a non-binding conditional takeover offer for entire share capital. Corallian board had deemed offer attractive and was pursuing sale.

Reabold Resources shares up as UK government lifts fracking moratorium

(Alliance News) - Reabold Resources PLC shares jumped on Friday following the UK government's announcement of the lifting of the moratorium on hydraulic fracturing onshore in the UK.

AIM WINNERS & LOSERS: Reabold jumps on UK government fracking change

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

IN BRIEF: Reabold Resources' Corallian remains in talks for takeover

Reabold Resources PLC - London-based oil and gas company with projects in the UK, the US and Romania - Notes that Corallian Energy Ltd remains in negotiations for a potential takeover by an unnamed purchaser.

UK shareholder meetings calendar - next 7 days

TRADING UPDATES: Coca-Cola HBC and Pendragon shareholders show ire

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

IN BRIEF: Reabold Resources revenue rises on higher oil prices

Reabold Resources PLC - London-based oil and gas company with projects in the UK, the US and Romania - Pretax loss stays broadly unchanged in 2021, widening to GBP2.68 million from GBP2.67 million. Revenue rises 12% to GBP1.2 million from GBP1.0 million. Production on a working interest basis from the company's California assets was 24,457 barrels of oil, down from 33,890 barrels of oil the previous year. The lower production was primarily due to workover of wells and bringing enhanced storage infrastructure online, the company explains. Realised sales price was USD65.4 per barrels, up from USD38.4 per barrel a year prior.

TRADING UPDATES: Rockfire surpasses expectations with maiden estimate

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

Reabold Resources hires EnQuest's Chris Connolly as new CFO

(Alliance News) - Reabold Resources PLC on Friday named its new chief financial officer as Chris Connolly.

IN BRIEF: Reabold Resources shares lifted on Corallian licence deal

Reabold Resources PLC - investor in upstream oil and gas projects - Says Corallian Energy Ltd, of which it owns 49.99%, receives non-binding conditional takeover offer for entire share capital. Corallian board deems offer attractive and is pursuing sale. Reabold now will acquire Corallian's portfolio of six exploration and appraisal licenses for GBP250,000, excluding Victory license.

TRADING UPDATES: Vela, Standard Life Investments up portfolio value

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

TRADING UPDATES: Tintra faces sale delay; Seplat makes acquisition

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Reabold jumps on promising analysis of West Newton well programme

Reabold jumps on promising analysis of West Newton well programme

AIM WINNERS & LOSERS: Angus Energy gets good response to sales process

AIM WINNERS & LOSERS: Angus Energy gets good response to sales process

Reabold Resources notes Corallian's submission of Victory field plan

Reabold Resources notes Corallian's submission of Victory field plan