Reabold Resources to acquire E&P business Simwell Resources
(Sharecast News) - Oil and gas investor Reabold Resources has conditionally agreed to acquire exploration and production outfit Simwell Resources for "a low acquisition cost".
Read moreThu, 03rd Jan 2019 10:10
(Sharecast News) - Oil and gas investor Reabold Resources has conditionally agreed to acquire exploration and production outfit Simwell Resources for "a low acquisition cost".
Read more(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 moreReabold 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.
Read moreReabold 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.
Read more(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.
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Read moreReabold 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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(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 moreReabold 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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read more(Alliance News) - Reabold Resources PLC on Friday named its new chief financial officer as Chris Connolly.
Read moreReabold 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(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(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