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Pin to quick picksShell Share News (SHEL)

Share Price Information for Shell (SHEL)

London Stock Exchange
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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
SHEL Live PriceLast checked at -

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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

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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