Reabold Resources plc has completed its £1 million acquisition in cash and shares of Simwell Resources Ltd. ADJUSTMENT OF TERMS Simwell holds minority interests in four UK licences with partners Shell UK Ltd, Horizon Energy Partners Ltd and Ardent Oil Ltd in the Southern North Sea. The sales and purchase agreement (SPA) announced in September 2022, […]
Tag: Simwell Resources Ltd
Reabold conditionally acquires Simwell
Reabold Resources plc has increased its oil and gas interests with the conditional acquisition of Simwell Resources Ltd. LICENCES The company signed a sales and purchase agreement (SPA) for a total initial consideration, plus repayment of all outstanding creditors/liabilities, of £1 million in part shares-part cash. Reabold said that the deal would substantially increase its footprint […]