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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: 0.0675
Bid: 0.065
Ask: 0.07
Change: -0.0025 (-3.57%)
Spread: 0.005 (7.692%)
Open: 0.07
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AIM WINNERS & LOSERS: Reabold jumps on UK government fracking change

Fri, 09th Sep 2022 11:06

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

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AIM - WINNERS

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Libertine Holdings PLC, up 17% at 24.00 pence, 12-month range 16.00p-42.00p. Enters memorandum of understanding with Ashok Leyland to evaluate the use of Libertine's technology platform for its commercial vehicle powertrains. Libertine develops technology for power generation from renewable fuels. Ashok will conduct due diligence on Libertine's technology and explore the scope for Linear Generator product development and demonstration within its commercial vehicle portfolio.

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Reabold Resources PLC, up 11% at 0.46 pence, 12-month range 0.10p-0.48p. Welcomes a policy change from the UK government which cancels the moratorium on hydraulic fracturing onshore in the UK. The oil and gas firm says the policy change could have a "materially beneficial effect" on its onshore business, including the potential to exploit additional resources within its existing licence interests.

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Orosur Mining Inc, up 7.3% at 14.75 pence, 12-month range 0.070p-17.16p. With its joint venture partner, Minera Monte Aguila, completes all the phase one obligations under the exploration agreement for the Anza project in Colombia. This includes investing USD10 million in the Anza project. Orosur is a mineral explorer and developer focused on South America. The companies now will shortly enter phase two under the exploration agreement, the forming of a new mining company. Orosur will have a 49% ownership interest in the company with Minera Monte Aguila taking the remaining 51%.

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AIM - LOSERS

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Tlou Energy Ltd, down 27% at 1.32 pence, 12-month range 0.014p-1.64p. Put under investigation in Australia by the country's company & financial services regulator. The commission is investigating two releases by the sub-Saharan Africa-focused power company. The investigation is into suspected contraventions by Tlou Energy of three sections of Australia's Corporations Act 2001 and three sections of the Australian Securities & Investments Commission Act 2001. Says it is co-operating with ASIC.

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Tanfield Group PLC, down 25% at 1.51 pence, 12-month range 1.50p-3.96p. In the six months ended June 30, pretax loss widens to GBP499,000 from GBP268,000 a year prior. Non-staff costs grow to GBP269,000 from GBP145,000. Finance expenses double to GBP188,000 from GBP81,000. Makes no revenue, unchanged from a year ago. The invest firm adds that it believes its 49%-owned firm Snorkel International Holdings LLC may need further loan funding "to ensure that the company continues to protect its investment in Snorkel". It values its investment in the Nevada-based aerial work platforms manufacturer at GBP19.1 million.

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Manolete Partners PLC, down 15% at 214.60 pence, 12-month range 190.00p-335.60p. Applies for permission to appeal the High Court's "rare adverse" and "surprising" decision received on one of its "larger cases". Says it has decided to write down the full value of the case in its forthcoming results for the six months ended September 30. The impact of the write-down will be a GBP2.3 million reduction to pretax profit. Manolete expects to announce a pretax loss of around GBP5 million in its financial year 2023 interim results. In financial 2022, the company reported a pretax profit of GBP4.5 million.

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By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
23 Sep 2022 11:28

Reabold Resources and Union Jack Oil shares fall on West Newton report

(Alliance News) - Shares in Reabold Resources PLC and Union Jack Oil PLC slumped on Friday after an update on the West Newton Field concluded that the formation was "very sensitive to aqueous fluids".

Read more
15 Sep 2022 12:29

IN BRIEF: Reabold Resources completes purchase of non-Victory licences

Reabold Resources PLC - oil and gas company with projects in the UK, the US and Romania - Completes the acquisition of Corallian Energy Ltd's working interest in all the non-Victory licences within the Corallian portfolio. Victory is a gas field in the Shetland Isles.

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14 Sep 2022 11:33

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.

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9 Sep 2022 11:17

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.

Read more
1 Sep 2022 21:24

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.

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22 Jun 2022 15:48

UK shareholder meetings calendar - next 7 days

Thursday 23 June 
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Anglo Asian Mining PLCAGM
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Cordiant Digital Infrastructure LtdAGM
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GENinCode PLCAGM
Ideagen PLCGM re takeover by Hg Pooled Management Ltd
Longboat Energy PLCAGM
Oxford Nanopore Technologies PLCAGM
Puma VCT 13 PLCGM re cancellation of listing & liquidation
RBG Holdings PLCAGM
Tandem Group PLCAGM
Union Jack Oil PLCAGM
Zinnwald Lithium PLCAGM
Friday 24 June 
AFC Energy PLCGM re fees for non-executive directors
Avast PLCAGM
Devolver Digital IncAGM
Entain PLCAGM
Gulf Keystone Petroleum LtdAGM
Hawkwing PLCAGM
Invesco Bond Income Plus LtdAGM
Life Science REITAGM
Northcoders Group PLCAGM
Princess Private Equity Holding LtdAGM
Monday 27 June 
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Celadon Pharmaceuticals PLCAGM
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Echo Energy PLCAGM
Medica Group PLCAGM
Pelatro PLCAGM
Surgical Innovations Group PLCAGM
Warpaint London PLCAGM
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Acceler8 Ventures PLCAGM
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Alina Holdings PLCAGM
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Bay Capital PLCAGM
Capital & Counties Properties PLCAGM
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Corre Energy BVAGM
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ImmuPharma PLCAGM
IQE PLCAGM
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Wednesday 29 June 
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Argo Blockchain PLCAGM
Atome Energy PLCAGM
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Concurrent Technologies PLCAGM
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Facilities by ADF PLCAGM
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Helios Underwriting PLCAGM
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MaxCyte IncAGM
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Reabold Resources PLCAGM
Symphony Environmental Technologies PLCAGM
Team17 Group PLCAGM
ThinkSmart LtdGM re approval for capital return
Trinity Exploration & Production PLCAGM
URA Holdings PLCAGM
XP Factory PLCAGM
Zaim Credit Systems PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
21 Jun 2022 22:13

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:

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27 May 2022 16:58

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.

Read more
23 May 2022 21:54

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:

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13 May 2022 12:24

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.

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4 May 2022 13:08

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.

Read more
3 May 2022 21:55

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:

Read more
25 Feb 2022 20:12

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:

Read more
17 Jan 2022 12:39

Reabold jumps on promising analysis of West Newton well programme

Reabold jumps on promising analysis of West Newton well programme

Read more

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