Reabold Resources plc has invested a further 20.4% of shares for £700,000 in the operator of the onshore West Newton development, Rathlin Energy (UK) Ltd. SIDETRACK The acquisition from Rathlin’s owner Calgary-based Connaught Oil & Gas Ltd will result in Reabold holding a 69.9% economic interest in PEDL183 via its 79.8% shareholding in Rathlin. Rathin […]
Tag: Reabold Resources plc
Reabold increases share in Colle Santo
Reabold Resources plc has increased its interest to 29.2% in the Colle Santo gas field option holder. RESOURCE The company converted £510,236.28 of convertible loan notes plus accrued interest, into 36 ordinary shares of LNEnergy Ltd at £14,173.23 per share. The loan note is dated 26 March 2024. LNEnergy manages and owns 20% in Italian […]
Rathlin plans reservoir stimulation at West Newton
Rathlin Energy (UK) Ltd has now “duly made” its application to conduct a “reservoir stimulation” within the Kirkham Abbey gas reservoir in the existing West Newton A-2 well in East Yorkshire. PROPPANT The joint venture operator said that the reservoir stimulation involved squeezing a “small volume of oil-based fluid” into the formation located within PEDL183. […]
Reabold increases stake in Colle Santo
Reabold Resources plc has increased its interest in the Colle Santo onshore gas field by taking a further stake in part owner LNEnergy Ltd. WARRANT The company subscribed for 17 new ordinary shares each at a price of £12,047, equivalent of 1%, in LNEnergy for £205,000. Reabold has been increasing its interest in Colle Santo […]
Reabold notes 33m shares purchase
Reabold Resources plc non-executive director Michael Felton’s spouse bought 33,332,006 ordinary shares each at 0.075 pence. Mr Felton’s, and persons closely associated (PCA) with him, ultimate beneficial ownership is now 58,572,605 ordinary shares. The figure represents 0.57% of the company’s issued share capital.
Reabold CEOs purchase 200m shares
Reabold Resources plc co-chief executive officers have purchased a total 200,714,285 ordinary shares in the company. On 13 June, Sachin Oza sold 16,744,286 ordinary shares each at 0.0575 pence and immediately purchased 25,000,000 shares, each at 0.0665 pence, into his Individual Savings Account. He separately bought a further 135,714,285 ordinary shares each at 0.07 pence, […]