IN BRIEF: Reabold Resources raises interest in LNEnergy to 16%
23rd Jun 2023 14:42
Reabold Resources PLC - oil and gas company with projects in the UK, US and Romania - Read More
Reabold Resources PLC - oil and gas company with projects in the UK, US and Romania - Read More
(Alliance News) - Reabold Resources PLC on Monday said it has invested GBP2.0 million to increase its stake in LNEnergy Ltd and now has a more than 16% stake in the company, having gained increased confidence in LNEnergy's ability to secure permits for the development of its flagship project in Italy. Read More
Reabold Resources PLC - London-based oil and gas company with projects in the UK, US and Romania - Extends investment expiry date with LNEnergy Ltd by one week to June 7. Last month, Reabold agreed to buy a 3.1% shareholding in LNEnergy for a cash consideration of GBP250,000. The deal includes options to acquire further shares in LNEnergy which would result in Reabold holding a 25% stake in the company for GBP3.8 million in cash and shares. LNEnergy's primary asset is an option over a 90% interest in the Colle Santo gas field, onshore Italy in the Abruzzo region. Read More
(Alliance News) - Reabold Resources PLC on Tuesday said its annual loss narrowed as costs dropped, but lower sales volumes affected its revenue. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Reabold Resources PLC - London-based oil and gas company with projects in the UK, US and Romania - Launches GBP750,000 share buyback programme as part of its plan to return GBP4 million to shareholders upon the receipt of GBP9.5 million from Shell, relating to its sale of the Victory asset. Says it decided to accelerate the return through the GBP750,000 buyback, which it says is an attractive investment due to its current market value. Chief Executive Stephen Willaims says a high level of confidence in its West Newton target, "combined with the exciting and highly material potential we have identified at Crawberry Hill, and the confirmation of the prospectivity of the North Sea assets as confirmed by the CPR, is reflected in today's announcement that we are beginning the process of returning excess cash to shareholders by undertaking an initial up to GBP750,000 share buyback." Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Reabold Resources PLC - London-based oil and gas company with projects in the UK, US and Romania - Says High Court of Justice has approved its application to cancel its share premium account, which was also approved by shareholders on February 28. Accordingly, the amount standing to the credit of the company's share premium account has been cancelled. Read More
(Alliance News) - Reabold Resources PLC on Wednesday said it has received an unsolicited takeover proposal from Kamran Sattar on behalf of Portillion SPV O&G. Read More
(Alliance News) - Equity prices in Europe traded sharply lower in afternoon dealings on Wednesday as banking shares once again bore the brunt of a bruising stock market sell-off, with investor confidence in the sector depleting rapidly. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - Reabold Resources PLC, Upland Resources Ltd, and Baron Oil PLC hailed the Dunrobin asset as an "exciting drillable prospect", following the release of a competent person's report. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday. Read More
Reabold Resources PLC - London-based oil and gas company with projects in the UK, US and Romania - Receives its share of GBP10 million, around GBP3.2 million, from the sale of its investee company Corallian Energy Ltd to Shell UK Ltd. The balance of the total GBP22 million payment, with GBP9.5 million to be received by Reabold, is expected to be paid during 2023. Read More
(Alliance News) - Reabold Resources PLC shares jumped on Tuesday, after it said it has completed the acquisition of Simwell Resources Ltd. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Reabold Resources PLC on Thursday said that shareholders have rejected the proposal to remove and replace the entire board of directors. Read More