Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksReabold Resources Share News (RBD)

Share Price Information for Reabold Resources (RBD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0775
Bid: 0.07
Ask: 0.085
Change: 0.00 (0.00%)
Spread: 0.015 (21.429%)
Open: 0.0775
High: 0.0775
Low: 0.0775
Prev. Close: 0.0775
RBD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.

More News
17 Jan 2022 10:57

AIM WINNERS & LOSERS: Angus Energy gets good response to sales process

AIM WINNERS & LOSERS: Angus Energy gets good response to sales process

Read more
23 Dec 2021 10:31

Reabold Resources notes Corallian's submission of Victory field plan

Reabold Resources notes Corallian's submission of Victory field plan

Read more
26 Nov 2021 13:19

IN BRIEF: Reabold, Union Jack note Rathlin to submit new application

IN BRIEF: Reabold, Union Jack note Rathlin to submit new application

Read more
22 Oct 2021 11:48

DIRECTOR DEALINGS: Reabold Resources team and PensionBee CFO buy

DIRECTOR DEALINGS: Reabold Resources team and PensionBee CFO buy

Read more
21 Oct 2021 18:11

IN BRIEF: Reabold Resources to pick up stake in Daybreak Oil & Gas

IN BRIEF: Reabold Resources to pick up stake in Daybreak Oil & Gas

Read more
20 Oct 2021 12:06

IN BRIEF: Reabold Resources' Corallian to assess options going forward

IN BRIEF: Reabold Resources' Corallian to assess options going forward

Read more
20 Oct 2021 10:56

AIM WINNERS & LOSERS: Arena soars on takeover; Accrol supply chain hit

AIM WINNERS & LOSERS: Arena soars on takeover; Accrol supply chain hit

Read more
14 Oct 2021 10:49

AIM WINNERS & LOSERS: Hurricane Energy shares rise on swing to profit

AIM WINNERS & LOSERS: Hurricane Energy shares rise on swing to profit

Read more
13 Oct 2021 11:02

AIM WINNERS & LOSERS: Rambler up on financing; contract lifts Parity

AIM WINNERS & LOSERS: Rambler up on financing; contract lifts Parity

Read more
4 Oct 2021 10:58

AIM WINNERS & LOSERS: Zoltav falls amid warning over future on AIM

AIM WINNERS & LOSERS: Zoltav falls amid warning over future on AIM

Read more
1 Oct 2021 09:24

Reabold and Union Jack note drill site extension application refused

Reabold and Union Jack note drill site extension application refused

Read more
30 Sep 2021 20:24

TRADING UPDATES: Rutherford, Helios Underwriting report widened losses

TRADING UPDATES: Rutherford, Helios Underwriting report widened losses

Read more
31 Aug 2021 11:39

TRADING UPDATES: Northcoders to expand; Pennant expects revenue growth

TRADING UPDATES: Northcoders to expand; Pennant expects revenue growth

Read more
31 Aug 2021 11:28

AIM WINNERS & LOSERS: Bigblu Broadband rises on shareholder return

AIM WINNERS & LOSERS: Bigblu Broadband rises on shareholder return

Read more
21 Jul 2021 19:14

TRADING UPDATES: Fonix Mobile annual earnings grow; MySale cuts costs

TRADING UPDATES: Fonix Mobile annual earnings grow; MySale cuts costs

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.