The West Newton joint venture said it would save costs and generate early cash flow under revised plans for PEDL183 in East Yorkshire. GAS COLUMN The licence contains the West Newton A1, A2 and WNB-1z discoveries. The new plan is to drill the proposed well WN-A3, twinned with the untested WN A-1 discovery well, during […]
Tag: Reabold Resources plc
Reabold shareholders reject move to replace directors
Reabold Resources plc’s shareholders today voted against proposals to remove and replace the company’s board of directors. DISTRACTION Pershing Nominees Ltd, on behalf of several beneficial shareholders, requisitioned the general meeting with 11 resolutions. Each resolution received between 20.11 and 21.40% of votes in favour, and between 78.60 and 79.89% against. Reabold previously told its […]
Reabold warns of shares suspension under new directors
Reabold Resources plc warned it could be suspended from trading if shareholders approved proposed board directors without completion of due diligence. NOMAD Pershing Nominees Ltd requisitioned a general meeting, set for 10 January, on behalf of several beneficial shareholders for resolutions to remove and replace Reabold directors. Reabold added that its nominated advisor Strand Hanson […]
Reabold requisitioned meeting set for January 2024
Reabold Resources plc’s shareholders will vote whether to remove and replace the board members at a requisitioned general meeting on 10 January 2024. Pershing Nominees Ltd, which owns approximately 7.79% of the company’s issued share capital on behalf of 13 beneficial shareholders, requested the meeting.
Reabold restarts share buyback from Victory proceeds
Reabold Resources plc has restarted its share buyback programme using new net proceeds from the sale of the Victory gas field to Shell. CAPITAL In October 2022 the company said it intended to begin the programme and return £4 million excess cash to shareholders on receipt of £9.5 million of deferred net sale proceeds from […]
Reabold holds 26.1% in Colle Santo option holder
Reabold Resources plc has invested a further £1,650,000 to increase its holding to 26.1% in the majority owner of the Colle Santo gas field. COLLABORATION The company, which signed the original conditional agreement in May 2023, exercised its second option to subscribe for 116 new ordinary shares in LNEnergy Ltd which holds 90% of the field. […]