Less Ads, More Data, More Tools Register for FREE

Pin to quick picksReabold Resources Regulatory News (RBD)

Share Price Information for Reabold Resources (RBD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 0.0725
Bid: 0.07
Ask: 0.075
Change: 0.005 (7.41%)
Spread: 0.005 (7.143%)
Open: 0.0675
High: 0.0775
Low: 0.0675
Prev. Close: 0.0675
RBD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Final tranche of investment in Corallian Energy

30 May 2018 12:38

RNS Number : 7070P
Reabold Resources PLC
30 May 2018
 

30 May 2018

 

Reabold Resources Plc

"Reabold" or "the Company"

 

Final tranche of investment in Corallian Energy Limited

 

Reabold Resources is pleased to announce the completion of the final tranche of its investment in Corallian Energy Limited ("Corallian") for £1,000,000, as per the announcement on 1 November 2017. Including the £1,500,000 already invested as per the announcements on 1 March 2018 and 1 November 2017, Reabold will have invested £2,500,000 in Corallian and own 32.9% of Corallian's issued share capital.

 

Sachin Oza, Co-CEO of Reabold Resources, commented: 

"We continue to work closely with Corallian after cornerstoning their recent fundraise and are delighted to see their portfolio of assets continue to mature following our initial investment in November.

 

"For a total investment of just £2.5m, Reabold has gained a 32.9% interest in the entire Corallian portfolio which, in 2018, will consist of at least two wells, namely, Colter and the partially carried Wick well."

 

Stephen Williams, Co-CEO of Reabold Resources, commented: 

"Our investment in Corallian is indicative of our investment strategy; creating value in potentially unforeseen ways. In the case of Corallian, this has provided exposure to multiple projects whilst helping to facilitate three farm-in opportunities to the mutual benefit of all parties.

 

"Sachin and I are focussed on providing near-term catalysts for shareholders with outstanding economic conditions and we both look forward to updating shareholders on further investments and operational news."

 

 

ENDS

 

For further information please contact:

 

Reabold Resources plc

Stephen Williams

Sachin Oza

 

c/o Camarco

+44 (0) 20 3757 4980

Beaumont Cornish Limited

Roland Cornish

James Biddle

Felicity Geidt

 

+44 (0) 20 7628 3396

Camarco

James Crothers

Ollie Head

Billy Clegg

 

+44 (0) 20 3757 4980

Whitman Howard Limited - Joint Broker

Nick Lovering

Grant Barker

 

+44 (0) 20 7659 1234 

Turner Pope Investments (TPI) Ltd - Joint Broker

Andy Thacker

+44 (0) 20 3621 4120

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
MSCLLFVLEEIIVIT
Date   Source Headline
25th Jan 200712:32 pmRNSDirectors' interest
18th Jan 200712:21 pmRNSDeferred Consideration
8th Jan 200712:40 pmRNSDirector/PDMR Shareholding
27th Dec 20069:00 amRNSTotal Voting Rights
20th Dec 20064:46 pmRNSAdditional Listing
7th Dec 20067:01 amRNSDirectorate Change
5th Dec 20069:49 amRNSHolding(s) in Company
5th Dec 20067:03 amRNSContract Gain
1st Dec 20069:12 amRNSHolding(s) in Company
30th Nov 200612:48 pmRNSAcquisition Drive
30th Nov 200611:25 amRNSPlacing Disposal Appointment
2nd Nov 200611:58 amRNSDirector/PDMR Shareholding
20th Oct 20065:08 pmRNSDirector/PDMR Shareholding
18th Oct 20063:24 pmRNSEGM Statement
10th Oct 20067:02 amRNSContract Gain
4th Oct 20065:52 pmRNSNotice of EGM
3rd Oct 20067:01 amRNSContract gains
29th Sep 20067:03 amRNSInterim Results
6th Sep 20068:00 amRNSSenior Management Appointment
1st Sep 200611:54 amRNSNotice of Results
30th Aug 20067:03 amRNSContract Gain
12th Jul 20067:00 amRNSAcquisition
28th Jun 20063:47 pmRNSAdditional Listing
22nd Jun 20067:02 amRNSFormation of New Division
20th Jun 20063:19 pmRNSAdditional Listing
24th May 20062:07 pmRNSAGM Statement
23rd May 20067:03 amRNSAcquisitions
16th May 200612:18 pmRNSIssue of Equity
12th Apr 20067:30 amRNSContract Gain
11th Apr 20067:30 amRNSContract Gain
29th Mar 20067:02 amRNSFinal Results
21st Mar 20069:28 amRNSNotice of Results
14th Feb 20067:01 amRNSContract Gain
6th Feb 20067:00 amRNSTrading Statement
27th Jan 20067:01 amRNSShare Buy Back
2nd Dec 20057:01 amRNSContract Gain
15th Nov 20057:03 amRNSContract Gains
10th Oct 20054:00 pmRNSDividend Declaration
19th Sep 20057:00 amRNSInterim Results
19th Aug 200510:48 amRNSStatement re IFRS
4th Jul 200510:21 amRNSGrant of Options
29th Jun 20057:00 amRNSChange of Adviser
25th May 20054:10 pmRNSResult of AGM
25th May 20052:21 pmRNSAGM Statement
30th Mar 20057:00 amRNSFormation of Adgenda
22nd Mar 20057:00 amRNSDividend Dates
10th Mar 20057:00 amRNSFinal Results
5th Jan 20057:00 amRNSIssue of Equity

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.