The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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
21 Jul 2021 16:11

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
25 Jun 2021 13:49

IN BRIEF: Reabold completes Victory Gas environmental baseline survey

IN BRIEF: Reabold completes Victory Gas environmental baseline survey

Read more
21 Jun 2021 19:27

TRADING UPDATES: Ilika expects revenue slip; SysGroup swings to profit

TRADING UPDATES: Ilika expects revenue slip; SysGroup swings to profit

Read more
10 Jun 2021 12:32

TRADING UPDATES: MP Evans plans expansion after palm oil price rises

TRADING UPDATES: MP Evans plans expansion after palm oil price rises

Read more
25 May 2021 19:40

TRADING UPDATES: Bank of Cyprus outlook hinges on tourism industry

TRADING UPDATES: Bank of Cyprus outlook hinges on tourism industry

Read more
10 May 2021 14:47

IN BRIEF: Reabold completes deal to increase Corallian stake

IN BRIEF: Reabold completes deal to increase Corallian stake

Read more
27 Apr 2021 15:13

IN BRIEF: Reabold looks to raise interest in Corallian Energy to 50%

IN BRIEF: Reabold looks to raise interest in Corallian Energy to 50%

Read more
20 Apr 2021 18:36

TRADING UPDATES: Petra prices recover; Zoo Digital earnings to jump

TRADING UPDATES: Petra prices recover; Zoo Digital earnings to jump

Read more
31 Mar 2021 06:30

TRADING UPDATES: IronRidge hits gold; Symphony's plastic biodegrades

TRADING UPDATES: IronRidge hits gold; Symphony's plastic biodegrades

Read more
22 Mar 2021 14:12

Union Jack Oil, Reabold note progress of development of PEDL183

Union Jack Oil, Reabold note progress of development of PEDL183

Read more
3 Mar 2021 20:16

TRADING UPDATES: Cambria drives on amid virus; Argo crypto mining up

TRADING UPDATES: Cambria drives on amid virus; Argo crypto mining up

Read more
24 Feb 2021 18:08

TRADING UPDATES: Jangada Banks CAD600,000 From ValOre Stake Sale

TRADING UPDATES: Jangada Banks CAD600,000 From ValOre Stake Sale

Read more
22 Feb 2021 11:29

IN BRIEF: Reabold Resources Invests GBP1 Million Into Corallian Energy

IN BRIEF: Reabold Resources Invests GBP1 Million Into Corallian Energy

Read more
22 Feb 2021 11:22

Reabold to invest another £1m in Corallian Energy

(Sharecast News) - Upstream oil and gas project investor Reabold Resources has entered into a conditional convertible loan instrument with Corallian Energy, under which it would advance £1m to Corallian.

Read more
28 Jan 2021 21:19

IN BRIEF: Reabold's Co-CEOs Buy Over 7.0 Million Shares Between Them

IN BRIEF: Reabold's Co-CEOs Buy Over 7.0 Million Shares Between Them

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.