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 […]
Tag: Reabold Resources plc
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, […]
Portillion withdraws plans to buy Reabold
Reabold Resources plc’s prospective buyer announced it would not make an offer after the oil and gas investor “failed to engage meaningfully” over the proposed transaction. PORTILLION Portillion SPV O&G executive chairman Kamran Sattar made the offer in mid-March. The company was established to “acquire and manage companies in the energy sector engaging in the […]
Reabold receives possible buy-out offer via email
Oil and gas investor Reabold Resources plc said it had yesterday received an unsolicited approach by email to buy out the company. OFFER Kamran Sattar made the offer on behalf of Portillion SPV O&G, which Reabold believes is an affiliate of Portillion Capital Ltd. Companies House lists Mr Sattar as the sole director of financial […]