Reabold Resources A slew of announcements from the OGA who have announced the UK 31st offshore licencing round with 144 new blocks awarded. Reabold announce that as a 32.9% owner of Corallian Energy they are vicariously owners of 5 new licences, 22 new blocks which have been offered including blocks around the Colter discovery where they can ‘realise further potential in the area’.
Reabold Resources (RBD.L) 0.72p £28.67m The investor in pre-cash flow upstream oil and gas projects, is delighted to announce that Corallian Energy Limited, in which the Company owns a 32.9 per cent. interest, has been offered five new licences by the Oil and Gas Authority as part of the UK 31st Offshore Licensing Round. Three of these new licences have been awarded with joint venture partners, while the other two have been offered on a 100 per cent. interest basis. The five licences comprise 22 blocks and part blocks, including one in the English Channel (49 per cent. interest), two in the Inner Moray Firth (40 per cent. interest each), one in the Viking Graben (100 per cent. interest) and one in the West of Shetland basin (100 per cent. interest). "The fact that Corallian has been awarded 22 new blocks and part blocks out of a total of just 144 demonstrates the significant capability and experience of its management team in identifying opportunities. In particular, the award of blocks around the Colter discovery is a highly important step for Corallian in realising further potential in the area and ultimately generating value for Reabold shareholders."
Reabold Resources Plc (RBD.L) Announced that Corallian Energy Limited (Corallian), in which the company owns a 32.9%. interest, has been offered five new licences by the Oil and Gas Authority as part of the UK 31st Offshore Licensing Round.
#RBD is delighted to announce that Corallian Energy (32.9% Reabold interest) has been awarded 5 new licences by the Oil and Gas Authority as part of the UK 31st Offshore Licencing Round
RNS Number: 1462 B Reabold Resources PLC 05 June 2019 5 June 2019. Reabold, the investor in pre-cash flow upstream oil and gas projects, is delighted to announce that Corallian Energy Limited, in which the Company owns a 32.9 per cent. interest, has been offered five new licences by the Oil and Gas Authority as part of the UK 31 st Offshore Licensing Round..
A fantastic sign of value in conventional assets in established basins. The exit of majors such as #Chevron #Apache & #ConocoPhillips to focus on US shale has created opportunities for junior players such as #RBD to provide capital to high-value assets
Reabold Resources Plc (RBD.L) Announced an update in relation to the Parta appraisal programme in Romania, in which the company has a 37.5% interest via its shareholding in Danube Petroleum Limited (Danube). Danube has received all the required permits from the relevant bodies and secured all the key services and materials required to enable the drilling of the Iecea Mica 1 (IM-1) well. The construction of the well site and access road is expected to be completed within 6-8 weeks, following which, the IM-1 well will be drilled immediately.
RNS Number: 5797 A Reabold Resources PLC 30 May 2019 30 May 2019. Parta Well, Onshore Romania, Appraisal Operations Update. Reabold, the investor in pre-cash flow upstream oil and gas projects, is pleased to provide an update in relation to the Parta appraisal programme in Romania, in which the Company has a 37.5 per cent. interest via its shareholding in Danube...
Pumping units in place at #RBD’s Burnett 2A and 2B wells #oilandgas #OOTT #drilling #investment #california #monroeswell
Pumping units in place at #RBD’s Burnett 2A and 2B wells #oilandgas #OOTT #drilling #investment #california #monroeswell
Reabold Resources An update this morning from Reabold which is very positive but which still leaves a few numbers missing. The Burnett 2B and 2A wells have been completed and multiple zones have been perforated and swabbed. Commercial flow rates have been declared although investors will have to wait another two weeks for the crucial numbers…
Reabold Resources (RBD.L) 0.7p £26.7m Integrity Management Solutions ("IMS"), contract operator of Reabold's interests in California, has informed the Company that the perforating and swabbing operation at the Burnett 2B and Burnett 2A wells, as announced on 29 April 2 0 1 9 , h a s b e e n completed. Commercial flow rates have been confirmed at both wells, which are the third and fourth wells in the Reabold California portfolio to achieve this. Multiple zones were perforated in both wells and the swabbing runs resulted in oil flow from all zones prognosed to be hydrocarbon bearing. Pumping units are being mobilised this week, with the final permanent production facilities expected to be in place within the next two weeks, at which point both wells will be put onto permanent production. Reabold will inform the market as to the flow rates achieved once the wells are on permanent production.
Reabold Resources Plc (RBD.L) Announced the perforating and swabbing operation at the Burnett 2B and Burnett 2A wells, as announced on 29 April 2019, has been completed. Commercial flow rates have been confirmed at both wells, which are the third and fourth wells in the Reabold California portfolio to achieve this
RNS Number: 4559 Z Reabold Resources PLC 20 May 2019 20 May 2019. Reabold is pleased to announce that Integrity Management Solutions, contract operator of Reabold's interests in California, has informed the Company that the perforating and swabbing operation at the Burnett 2 B and Burnett 2 A wells, as announced on 29 April 2019, has been completed.
Danube currently holds a 100 per cent interest in the Parta Exploration Licence and the Iecea Mare Production License, onshore Romania.. As announced on 11 December 2018, Reabold may subscribe for a further 1,627,604 Danube shares at an issue price of £1.20 per share by electing to do so within six weeks of receipt of well logging data from the final logging run...
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Company Profile

Reabold Resources is an investor in near-term, high growth upstream oil & gas projects where its injection of capital will facilitate near term activity. Each investment the Company makes must have low drilling risk and a clear exit strategy. Reabold invests in operating companies whose main value driver is the oil & gas asset of interest. Reabold can thereby run a low-cost, non-operator business model where the monetisation versus the entry price of the oil & gas projects it invests in will be the key determinant of value.

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The Broadgate Tower
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EC2A 2EW
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