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Pin to quick picksReabold Resources Share News (RBD)

Share Price Information for Reabold Resources (RBD)

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Share Price: 0.0775
Bid: 0.07
Ask: 0.085
Change: 0.00 (0.00%)
Spread: 0.015 (21.429%)
Open: 0.0775
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AIM WINNERS & LOSERS: Angus Energy gets good response to sales process

Mon, 17th Jan 2022 10:57

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

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AIM - WINNERS

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Angus Energy PLC, up 18% at 1.18 pence, 12-month range 0.56p-1.55p. The oil & gas development company says it has had "at least six bona fide approaches" to participate in its formal sales process or other indications of interest in potential offer for all of the company or its licence interest in the Saltfleetby Gas Field. Says company is not "large and complicated" and so due diligence should not take long. "We are pleased with the expressed level of interest in the company or in its principal asset," says Chief Executive George Lucan.

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Reabold Resources PLC, up 17% at 0.205p, 12-month range 0.1p-0.87p. Says independent study indicates potential for initial production rates of 35.6 million cubic feet of gas per day from a horizontally drilled well situated in the gas zone of its West Newton project in Yorkshire, England, based on the data from the West Newton A-2 well. Study also indicates potential initial production rates of 1,000 barrels of oil per day from a horizontally drilled well situated in the oil zone.

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Mosman Oil & Gas Ltd, up 13% at 0.0848p, 12-month range 0.07p-0.28p. At Falcon-1 well, in which Mosman holds 75% working interest, an additional Frio sand zone has been perforated at a depth 7,457 to 7,460 feet. Plans to periodically increase the choke size and monitor wellhead pressures. Current production rate is up 23% on the average reported for the quarter to September 30. The Falcon project is part of the Champion project in east Texas in the US.

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AIM - LOSERS

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Access Intelligence PLC, down 25% at 115.00p, 12-month range 88.5p-158p. The software-as-a-service products provider expects revenue for the financial year that ended November 30 to be GBP33.1 million, up from GBP19.1 million the previous year, and an adjusted loss before interest, tax, depreciation and amortisation of GBP500,000, in line with forecasts. However, says current challenges in south east Asia will knock Ebitda in 2022 and 2023.

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Leeds Group PLC, down 14% at 18.00p, 12-month range 16.3p-33p. The Leeds-based fabrics importer swings to pretax loss of GBP487,000 for the six months that ended November 30 from profit of GBP735,000 a year before. Revenue falls to GBP15.6 million from GBP20.0 million. Says pandemic hit performance in period. "The prolonged nature of the pandemic, exacerbated by the emergence of the Omicron variant in late November 2021, has impacted consumer confidence and caused many our customers to become overstocked and reduce demand while they correct that position," Leeds Group says.

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Distil PLC, down 12% at 1.625p, 12-month range 1.1p-3.25p. The premium drinks retailer reports sales down 28% year-on-year in nine months to December due to strong performance a year previous, distorted by Covid related lockdowns and consumer stockpiling. On pre-virus levels, sales in the nine-month period are up 23%. Says full-year outlook difficult to forecast but is "anticipating Q4 growth as we lap strong but not extraordinary comparisons."

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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18 Jun 2020 13:57

Reabold upbeat on work programme at Parta area

(Sharecast News) - Upstream oil and gas investment company Reabold Resources updated the market ahead of the start of well test operations at the Iecea Mica-1 (IMIC-1) well in Romania on Thursday, as part of the 2020 work programme.

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16 Jun 2020 11:45

REPEAT: Union Jack And Reabold Celebrate West Newton's Low Carbon

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16 Jun 2020 11:43

Union Jack And Reabold Celebrate West Newton's Low Carbon Footprint

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Reabold Resources Confident In Projects Despite Lower Energy Prices

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26 May 2020 18:20

Reabold Resources Agrees Deal To Boost West Newton Stake

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UK TRADING UPDATE SUMMARY: Novacyt Called Upon To Ramp Up UK Testing

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UK TRADING UPDATE SUMMARY: NHS Uses Induction Healthcare's Mobile App

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15 Apr 2020 08:14

Reabold Resources outlines upcoming plans at West Newton B

(Sharecast News) - Upstream oil and gas investment company Reabold Resources updated the market on the start of preparatory activity ahead of drilling at the West Newton B site in PEDL 183, onshore UK on Wednesday.

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13 Mar 2020 16:37

Reabold reassures investors amid volatile price environment

(Sharecast News) - Oil and gas investment company Reabold Resources updated the market on what it called the "current volatile market conditions" relating to the Covid-19 coronavirus pandemic on Friday.

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13 Mar 2020 11:32

Reabold "Financially Robust" Amid Market Volatility, Oil Price Slump

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12 Mar 2020 17:12

Europa Oil Appoints Reabold Co-Chief Stephen Williams To Board

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26 Feb 2020 13:48

Reabold upbeat on latest developments in California

(Sharecast News) - Upstream oil and gas investment company Reabold Resources updated the market on its operations in California on Wednesday, reporting that the VG-6 well on West Brentwood had tested at 350 million standard cubic feet per day, and was now on permanent production.

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26 Feb 2020 11:52

Reabold Resources Expects To Increase Production In California In 2020

Reabold Resources Expects To Increase Production In California In 2020

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20 Feb 2020 14:24

Reabold Awaits Regulatory Approval To Restart Testing At West Newton

Reabold Awaits Regulatory Approval To Restart Testing At West Newton

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6 Jan 2020 12:09

Reabold Resources Reports Oil And Gas Findings At VG-6 Well In US

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