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 […]
Tag: Reabold Resources plc
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, […]
West Newton targets low capex and early revenue
The West Newton joint venture said that new development plans allow early production and revenue with low capital expenditure, based on the project’s feasibility study. DEVELOPMENT The West Newton A1, A2 and WNB-1z discoveries lie within licence PEDL183 in East Yorkshire. CNG Services Ltd’s study revealed that, before full field development, an initial single horizontal […]
Reabold awards 96m share options
Reabold Resources plc has awarded 96,016,810 nil-cost share options to certain directors and persons discharging managerial responsibilities under its deferred annual bonus plan. On 6 June, co-chief executive officers Sachin Oza and Stephen Williams each received 36,839,030 awards and chief financial officer Chris Connolly received 22,338,750. The awards represent 50% of the total 2023 annual […]
Dunrobin-Golspie licence to be surrendered
Baron Oil plc said that North Sea licence P2478, containing the Dunrobin and Golspie prospects, will be surrendered due to delays acquiring 3D seismic data. EFFORTS The news comes eight months after licence administrator Reabold Resources plc was granted a further two years subject to acquisition of a minimum 30km2 of 3D seismic data. Baron holds […]