Reabold Resources plc has verbally agreed a second extension to the options expiry date regarding its conditional acquisition in the Colle Santo gas field, onshore Italy. OPTIONS In May, the company initially bought 32 shares in LNEnergy which holds an option over a 90% interest in the field. A conditional shareholder option agreement is with […]
Tag: Reabold Resources plc
Reabold expands into Italy with Colle Santo deal
Reabold Resources plc has entered into a conditional agreement to acquire an interest in the Colle Santo gas field in the Abruzzo region, onshore Italy. TERMS The investor purchased an initial 32 shares representing a 3.1% interest for £250,000 in LNEnergy Ltd which holds an option over a 90% interest in the field. The subscription […]
Reabold CPR bolsters farm-out plans for licences
Reabold Resources plc said its aim to farm-out its North Sea assets has been bolstered by a new competent person’s report (CPR). POTENTIAL RPS Group’s report covers licences P2464, P2504 and P2605, in which Reabold has a 100% working interest, and licence P2478 containing the Dunrobin complex (36%). Reabold acquired the licences in May 2022 […]
Reabold grants senior directors 390m share options
Reabold Resources plc granted executive and senior management nil cost options over a total 390,000,000 ordinary shares of 0.1p each, in line with its new 2023 long term incentive plan. DIRECTORS The awards represent 4.25% of the company’s issued share capital. The company said that all previous share option plans had expired on 19 March […]
Reabold finds potentially “highly significant” Crawberry Hill
Reabold Resources plc said it had identified a significant potential discovery of Crawberry Hill in the Zechstein play region on PEDL183, in east Yorkshire. MATERIAL ADDITION The company added its priority was to develop plans to make the site, originally drilled by operator Rathlin Energy (UK) Ltd, a drill-ready appraisal opportunity. “This could add materially […]
West Newton JV commits to well path for WN B-2
Reabold Resources plc and its joint venture (JV) partners have committed to a well path for the West Newton B-2 (WN B-2) well in the East Riding of Yorkshire. JOINT VENTURE The company holds a 56% economic interest via its 59% share in operator Rathlin Energy (UK) Ltd, which has a 66.67% in PEDL183. In addition, […]