Reabold Resources Share News (RBD)

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.

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.

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:

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 .

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 -

UK shareholder meetings calendar - next 7 days

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.

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.

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.

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:

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."

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:

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.

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.

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.