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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
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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.

More News
7 Aug 2023 11:29

IN BRIEF: Reabold Resources celebrates approvals for Colle Santo field

Reabold Resources PLC - oil & gas investing company with a portfolio of exploration, appraisal and development projects in the UK, Romania, the US, and Italy - Updates on developments in the approvals process for the onshore Colle Santo gas field in Abruzzo, Italy. Says that LNEnergy has received a letter from the head of the Italian National Bureau of Hydrocarbons & Georesources giving it permission to carry out well integrity and well service testing on two existing wells at the field and to start work on the installation and commissioning of the monitoring network at the gas field.

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12 Jul 2023 12:17

IN BRIEF: Reabold Resources gets extension for licence with Baron Oil

Reabold Resources PLC - oil and gas company with projects in the UK, US and Romania - Gets an extension until July 2025 for licence P2478, which it holds a 36% working interest in. Baron Oil PLC holds a 32% interest in the licence. The extension is from the UK North Sea Transition Authority.

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29 Jun 2023 18:56

TRADING UPDATES: abrdn New India, Chelverton UK net assets fall

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

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23 Jun 2023 15:28

Reabold completes further investment in LNEnergy

(Sharecast News) - Oil and gas investor Reabold Resources announced on Friday that, further to its announcement on 12 June, it has completed a further investment in LNEnergy .

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23 Jun 2023 14:42

IN BRIEF: Reabold Resources raises interest in LNEnergy to 16%

Reabold Resources PLC - oil and gas company with projects in the UK, US and Romania -

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22 Jun 2023 15:44

UK shareholder meetings calendar - next 7 days

Friday 23 June 
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Mears Group PLCAGM
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Pelatro PLCAGM
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Monday 26 June 
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Capricorn Energy PLCAGM
Corre Energy BVAGM
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LifeSafe Holdings PLCAGM
Premier African Minerals LtdAGM
Vast Resources PLCGM re issuing new share capital
Volvere PLCAGM
Tuesday 27 June 
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Comptoir Group PLCAGM
Creo Medical Group PLCAGM
First Tin PLCAGM
Forward Partners Group PLCAGM
Galantas Gold CorpAGM
Gemfields Group LtdAGM
Golden Prospect Precious Metals LtdAGM
Hamak Gold LtdAGM
ICG Enterprise Trust PLCAGM
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India Capital Growth Fund LtdAGM
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Instem PLCAGM
JD Sports Fashion PLCAGM
Kingfisher PLCAGM
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Mobile Tornado Group PLCAGM
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Scottish Mortgage Investment Trust PLCAGM
Serabi Gold PLCAGM
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Surface Transforms PLCAGM
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Boku IncAGM
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Kooth PLCAGM
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Likewise Group PLCAGM
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Morgan Advanced Materials PLCAGM
NetScientific PLCAGM
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Norman Broadbent PLCAGM
Reabold Resources PLCAGM
Rockhopper Exploration PLCAGM
Roquefort Therapeutics PLCAGM
Serica Energy PLCAGM
SpaceandPeople PLCAGM
Symphony Environmental Technologies PLCAGM
Synairgen PLCAGM
Thalassa Holdings LtdAGM
tinyBuild IncAGM
Touchstone Exploration IncAGM
Trident Royalties PLCAGM
Unigel Group PLCAGM
Verici Dx PLCAGM
Xpediator PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Jun 2023 11:33

Reabold raises LNEnergy stake to 16% after permits confidence boost

(Alliance News) - Reabold Resources PLC on Monday said it has invested GBP2.0 million to increase its stake in LNEnergy Ltd and now has a more than 16% stake in the company, having gained increased confidence in LNEnergy's ability to secure permits for the development of its flagship project in Italy.

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1 Jun 2023 14:10

IN BRIEF: Reabold Resources extends LNEnergy investment expiry date

Reabold Resources PLC - London-based oil and gas company with projects in the UK, US and Romania - Extends investment expiry date with LNEnergy Ltd by one week to June 7. Last month, Reabold agreed to buy a 3.1% shareholding in LNEnergy for a cash consideration of GBP250,000. The deal includes options to acquire further shares in LNEnergy which would result in Reabold holding a 25% stake in the company for GBP3.8 million in cash and shares. LNEnergy's primary asset is an option over a 90% interest in the Colle Santo gas field, onshore Italy in the Abruzzo region.

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30 May 2023 12:16

Reabold Resources annual loss narrows as costs fall, revenue plummets

(Alliance News) - Reabold Resources PLC on Tuesday said its annual loss narrowed as costs dropped, but lower sales volumes affected its revenue.

Read more
9 May 2023 17:09

TRADING UPDATES: TT Electronics trading encouraging, revenue jumps

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

Read more
28 Apr 2023 12:21

IN BRIEF: Reabold Resources launches GBP750,000 share buyback

Reabold Resources PLC - London-based oil and gas company with projects in the UK, US and Romania - Launches GBP750,000 share buyback programme as part of its plan to return GBP4 million to shareholders upon the receipt of GBP9.5 million from Shell, relating to its sale of the Victory asset. Says it decided to accelerate the return through the GBP750,000 buyback, which it says is an attractive investment due to its current market value. Chief Executive Stephen Willaims says a high level of confidence in its West Newton target, "combined with the exciting and highly material potential we have identified at Crawberry Hill, and the confirmation of the prospectivity of the North Sea assets as confirmed by the CPR, is reflected in today's announcement that we are beginning the process of returning excess cash to shareholders by undertaking an initial up to GBP750,000 share buyback."

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12 Apr 2023 18:20

TRADING UPDATES: Enwell Energy offices searched, Trinity confirms fire

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

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29 Mar 2023 13:14

IN BRIEF: Reabold Resources receives approval for capital reduction

Reabold Resources PLC - London-based oil and gas company with projects in the UK, US and Romania - Says High Court of Justice has approved its application to cancel its share premium account, which was also approved by shareholders on February 28. Accordingly, the amount standing to the credit of the company's share premium account has been cancelled.

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15 Mar 2023 13:48

Reabold says unsolicited Portillion SPV offer undervalues portfolio

(Alliance News) - Reabold Resources PLC on Wednesday said it has received an unsolicited takeover proposal from Kamran Sattar on behalf of Portillion SPV O&G.

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15 Mar 2023 12:03

LONDON MARKET MIDDAY: Credit Suisse leads bank shares deep into hole

(Alliance News) - Equity prices in Europe traded sharply lower in afternoon dealings on Wednesday as banking shares once again bore the brunt of a bruising stock market sell-off, with investor confidence in the sector depleting rapidly.

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