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Pin to quick picksReabold Resources Share News (RBD)

Share Price Information for Reabold Resources (RBD)

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Reabold Resources Progresses Operations On California Interests

Mon, 29th Apr 2019 14:23

LONDON (Alliance News) - Reabold Resources PLC said on Monday that it has started testing at the Burnett 3B well on the Monroe Swell field in California, US.

Well testing will involve perforating multiple zones logged as pay before conducting swabbing runs to start oil flow for production. The Burnett 2A well will be tested immediately after the 2B well testing is completed, which is expected to be completed within three weeks.

Currently Reabold has an agreement with Senset Exploration Inc, for the payment of the full drilling and completion of two wells within the Monroe Swell licence areas to earn a 50% working interest in the licence areas.

Meanwhile, at the West Brentwood field in California, in which Reabold has a 50% interest, work has started to complete a tie in to the nearby gas pipeline. This will allow the VG-4 well to produce oil at a much higher rate, and allow the same of gas produced from the well.

Integrity Management Solutions, Reabold's contract operator for its California interest is expected to install the required system to the connection point later in the week.

"We are very pleased to have moved quickly to the testing phase at Monroe Swell following the completion of drilling earlier this month, whilst simultaneously bringing VG-4 into production. We continue to deliver consistently high levels of activity with six wells now drilled across the portfolio in quick succession, West Newton currently drilling, and wells at Parta and Grizzly Island planned for later this year,"said Co-Chief Executive Officer Sachin Oza.

Shares in Reabold Resources were up 3.9% at 0.68 pence on Monday.

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5 Dec 2023 15:02

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5 Dec 2023 12:19

Reabold Resources secures GBP5.2 million tranche for sale of Corallian

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1 Dec 2023 16:21

Reabold hails Italian government decree on renewable energy production

(Alliance News) - Reabold Resources PLC on Friday said the Italian government has approved a decree to boost the country's renewable energy production and energy security.

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1 Dec 2023 11:42

Reabold upbeat on new Italian energy policy

(Sharecast News) - Oil and gas investor and developer Reabold Resources responded positively to a new decree from the Italian government on Friday.

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22 Nov 2023 18:23

Reabold Resources advises no action on requisitioned general meeting

(Alliance News) - Reabold Resources on Wednesday said it received a new requisition notice from one of its shareholders, Pershing Nominees Ltd.

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17 Nov 2023 15:30

IN BRIEF: Reabold Resources ups LNEnergy stake to just over 18%

Reabold Resources PLC - has interests in oil and gas assets in the UK, US, Romania and Italy - Ups interest in LNEnergy Ltd by a further 0.8% through the subscription of 11 new shares for a cash consideration of GBP150,000. Brings total shareholding in LNEnergy to around 18.4%. LNEnergy's primary asset is the Colle Santo gas oil field in Italy.

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17 Nov 2023 12:14

Reabold ups stake in LNEnergy by 0.8pc

(Sharecast News) - Oil and gas investor Reabold Resources announced its intention to enhance its stake in LNEnergy by 0.8% on Friday.

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8 Nov 2023 16:29

Reabold believes requisition shareholders attempting takeover

(Alliance News) - Reabold Resources PLC on Wednesday said that it has received a signed requisition notice from one of its shareholders, Pershing Nominees Ltd, requesting a general meeting.

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Reabold Resources upbeat on oil-based drilling approval

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12 Sep 2023 13:58

IN BRIEF: Reabold Resources raises LNEnergy stake to 18%

Reabold Resources PLC - Oil and gas company with projects in the UK, US and Romania - Ups interest in LNEnergy Ltd by a further 1.6% through the subscription of 18 new shares for a cash consideration of GBP250,000 at GBP13,889 per share. This brings its total shareholding in LNEnergy to around 18%. LNEnergy's primary asset is the Colle Santo gas oil field in Italy.

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12 Sep 2023 12:27

Reabold Resources ups stake in LNEnergy

(Sharecast News) - Oil and gas investor Reabold Resources announced a significant addition to its shareholding in LNEnergy on Tuesday, as it invested £0.25m to increase its stake by an additional 1.6% through the subscription of 18 new ordinary shares at a price of £13,889 each.

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5 Sep 2023 10:10

Reabold's LNEnergy cheers start of operations at Colle Santo in Italy

(Alliance News) - Reabold Resources PLC on Tuesday said that it has begun operations at the Colle Santo gas field after making progress on environmental regulations.

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