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Share Price: 2,772.00

Bid: 2,770.50

Ask: 2,771.50

Change: -0.50 (-0.02%)

Spread: 1.00 (0.036%)

Open: 2,754.00

High: 2,780.50

Low: 2,747.00

Prev. Close: 2,772.50

Last checked at -

IN BRIEF: Reabold to get final payment from Shell in coming days

Thu, 18th Jan 2024 13:49

Reabold Resources PLC- London-based investor in "low-risk, near-term" oil and gas projects says the final tranche of payment from Shell UK Ltd in relation to the sale of Corallian Energy Ltd will be distributed to former Corallian shareholders over the coming days. This follows the grant of development approval for the Victory gas field. Reabold will receive GBP4.4 million from Shell, having already received GBP8.3 million. It will use proceeds to advance development of assets within its portfolio, and will distribute excess cash to shareholders. "This represents a significant moment in the delivery of the Reabold strategy to identify, fund and monetise underappreciated, but strategically important assets," says Co-Chief Executive Officer Stephen Williams.

Current stock price: 0.096 pence, up 6.1%

12-month change: down 60%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

More News

5 Apr 2024 08:47

LONDON MARKET OPEN: Europe slumps on US rate worry and rising tensions

(Alliance News) - Stocks in Europe had a downbeat start to the day on Friday, with investors unnerved by rising geopolitical tensions and hawkish remarks from US central bankers.

5 Apr 2024 08:32

TOP NEWS: Shell sees lower Integrated Gas performance in first quarter

(Alliance News) - Shell PLC on Friday cautioned results from its Integrated Gas division in the first-quarter are expected to be "significantly lower" than in the fourth, and said it expects write-offs worth USD600 million in its Upstream arm.

5 Apr 2024 07:50

LONDON BRIEFING: Shell to book USD600 million first-quarter write-off

(Alliance News) - London's FTSE 100 is called to open lower on Friday, with hawkish remarks from Federal Reserve policymakers and fears of ratcheting Middle East tensions giving investors little to cheer about ahead of the latest US jobs data.

5 Apr 2024 07:13

Shell lifts production guidance for first quarter

(Sharecast News) - Oil and gas titan Shell has raised its short-term production forecasts and said it expects an increase in margins as it updated its guidance for the first quarter on Friday.

4 Apr 2024 18:47

North Sea Crude-Brent, WTI Midland trade

LONDON, April 4 (Reuters) - North Sea Brent and U.S. WTI Midland crude traded in the afternoon window on Thursday in another busy trading session, while Forties and Johan Sverdrup were also discussed.

4 Apr 2024 17:09

Europe Distillates-Diesel margins slip on rising inventories

LONDON, April 4 (Reuters) - Northwest European diesel barge margins fell by about $1 to $25.25 a barrel on Thursday as regional inventories rose.

Trades Bids Offers Previous Seller Buyer
Session
0.1 GO Barge April
diffs fob ARA -$22
per tonne
<GO-ED-ARA>
0.1 GO Cargo
diffs cif NWE
per tonne
<GO-CND-NWE>
0.1 GO Cargo May
diffs cif Med +$6
per tonne
<GO-CND-MED>
50ppm barge
diffs fob ARA
per tonne
<GO50PPM-ED-A
RA>

Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel barge April April Shell, BP,
diffs fob ARA +$0.75- +$2-$3 Litasc Glenco
per tonne $2.25 (25.32KT o, re,
<ULSD10-BD-AR (32.45K ) ExxonM Gunvor
A> T) obil, ,
Mabana TotalE
ft nergie
s,
Vitol
Diesel cargo April Shell Vitol
diffs cif NWE +$13
per tonne (Amster
<ULSD10-ANYD- dam)
NWE>
Diesel cargo
diffs cif Med
per tonne
<DL-CIFD-MED>

Jet fuel Trades Bids Offers Previous Seller Buyer Session
Jet fuel
barge
diffs fob
FARAG
per tonne
<JET-BD-ARA>
Jet fuel CCM
cargo flat
cif NWE per
tonne
<JET-CD-NWE>

4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

(Alliance News) - Stock prices in London closed up on Thursday, as investors first digested words from US Federal Reserve Chair Jerome Powell overnight, before reacting to hotter-than-expected US initial jobless claims.

4 Apr 2024 11:58

LONDON MARKET MIDDAY: Stocks up as Fed chair calms some rate nerves

(Alliance News) - Stock prices in London were in the green on Thursday afternoon, with mining stocks powering the FTSE 100 higher, as investors digested words from Federal Reserve Chair Jerome Powell.

3 Apr 2024 12:10

Dutch Senate delays Groningen gas field shutdown

AMSTERDAM, April 3 (Reuters) - The Dutch Senate has postponed a vote on a law to close permanently the Groningen gas field, angering the government that has said production would never resume because of the risk of earthquakes.

3 Apr 2024 09:58

Dutch Senate postpones decision on Groningen gas field shutdown

AMSTERDAM, April 3 (Reuters) - The Dutch Senate has postponed a vote on a law that would permanently close the Groningen gas field in the north of the Netherlands, as a majority called for more guarantees on the country's energy security.

2 Apr 2024 20:50

Kazakhstan's Kashagan operator says reports of oil spill not confirmed

ALMATY, April 3 (Reuters) - The operator of Kazakhstan's giant offshore Kashagan oilfield said on Tuesday reports of an oil spill near the field have not been confirmed and its offshore facilities were working normally. (Reporting by Mariya Gordeyeva Writing by Olzhas Auyezov)

2 Apr 2024 18:55

Europe Distillates-Diesel margins rebound

LONDON, April 2 (Reuters) - Northwest European diesel barge margins ticked $1.91 higher to around $25.05 a barrel on Tuesday, after hitting their lowest since July 2023 on Thursday in the final session before Easter holidays in Europe.

Trades Bids Offers Previous Seller Buyer
Session
0.1 GO Barge Apr -$21
diffs fob ARA
per tonne
<GO-ED-ARA>
0.1 GO Cargo
diffs cif NWE
per tonne
<GO-CND-NWE>
0.1 GO Cargo April
diffs cif Med +$6.5
per tonne 0
<GO-CND-MED>
50ppm barge April
diffs fob ARA -$2
per tonne
<GO50PPM-ED-A
RA>

Diesel Trades Bids Offers Previous Seller Buyer
Session
Diesel barge April Apr Shell, BP,
diffs fob ARA +$2.54 $2-$4 Belgom Vitol,
per tonne (34.85K ine Glenco
<ULSD10-BD-AR T) re,
A> Gunvor
,
Totsa
Diesel cargo April Shell BP
diffs cif NWE +$14
per tonne (CIF
<ULSD10-ANYD- Thames)
NWE>
Diesel cargo Med
diffs cif Med +$3
per tonne
<DL-CIFD-MED>

Jet fuel Trades Bids Offers Previous Seller Buyer Session
Jet fuel CCM
barge -$6
diffs fob
FARAG
per tonne
<JET-BD-ARA>
Jet fuel CCM
cargo +$6.50
cif NWE per
tonne
<JET-CD-NWE>

2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

2 Apr 2024 12:29

Shell back in court in landmark Dutch climate case

(Alliance News) - Shell PLC squared off against seven environmental groups in a Dutch appeals court Tuesday, with climate activists accusing the London-based oil and gas company of failing to implement a landmark 2021 judgement.

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IN BRIEF: Reabold to get final payment from Shell in coming days

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