Reabold Resources Share Discussion Threads

[squiresquire] 17/1/2024 18:53

Not mine sadly but ime delighted to have had this time over the last few weeks to fill up. Every dog has its day. Eat your heart out Kamran or whoever, .250 target. Near term.

[currypasty] 17/1/2024 17:45

34 mil late reported buy or sell ?

[archie222] 17/1/2024 14:44

They are a bit slow with any RNS

[currypasty] 17/1/2024 14:30

Hand the cash back or crack on with WN?

[westmoreland lad] 17/1/2024 13:58

Supermajor Shell (LON: SHEL) has formally completed the acquisition of West of Shetland operator Corallian Energy.
Reabold Resources (LON: RBD) confirmed on Tuesday that the sale of its majority stake in its investee company to the oil giant, first announced in May, has concluded.
Corallian, which owns the Victory gas project, expects payment of the initial gross consideration of £10 million to be made to its shareholders over the coming days – £3.2m will go to Reabold.
Shell is expected to dish out the remaining £22m in 2023.
At that point, Reabold will receive £9.5m, taking its total proceeds from the sale to £12.7m.
The company plans to use the net proceeds to advance development of its existing assets, including the drilling of the key horizontal well at West Newton, and assess potential further acquisition opportunities.
Upon receipt of the £9.5m, just under half the cash (£4m) will be distributed to shareholders, the mechanism of which will be determined following consultation

[likeawalrus] 17/1/2024 13:56

reports all over google now - filled my boots this morning

[steelwatch] 17/1/2024 13:34

Nice one CURRY.

[markfrankie] 17/1/2024 13:24

rbd looking interesting now

[currypasty] 17/1/2024 12:59

the grant should be construed as price sensitive and so when RBD formally notified i would expect an RNS

[likeawalrus] 17/1/2024 12:15

yup, watch this go boom if they announce a solution with rathlin

[likeawalrus] 17/1/2024 12:12

squire, I hope rbd squeezes Rathlin by the balls to get a great deal!

[likeawalrus] 17/1/2024 12:11

I wonder if RBD got advance notice? If so, did this little nugget swing the vote in their favour????

[squiresquire] 17/1/2024 12:07

Consent granted to Shell, so our money due and will be enough to pay for Rathlins share of drillng if needed, what will be our slice i wonder. All good then for West Newton so far.

[currypasty] 17/1/2024 11:54

PUBLICATION OF DECISION OF THE SECRETARY OF STATE AND THE OIL
AND GAS AUTHORITY1
Victory Field Development
Shell U.K. Limited
UKCS Block 207/01a
BEIS OPRED Ref: ES/2022/003
Pursuant to Regulation 16 of the above Regulations, the Offshore Petroleum
Regulator for Environment and Decommissioning acting on behalf of the
Secretary of State for Energy Security & Net Zero (“the Secretary of State”)
hereby gives notice of the Secretary of State’s decision to agree to the grant of
consent and the decision by the Oil and Gas Authority (“the OGA”) to grant
consent.
1. Following the Secretary of State’s conclusion regarding the environmental
effects of the project, the Secretary of State agreed to the OGA’s grant of
consent on 10th November 2023 and the OGA granted consent on 17th January
2024, so the project may proceed

[wisteria2] 17/1/2024 11:42

law... exactly so RIP rbd

[likeawalrus] 17/1/2024 08:28

gas below Euro 30 mwh - Colle Santo claim based on Euro 45 mwh

'Colle Santo has the potential to generate an estimated €11-12m of post-tax free cash flow per annum'

[uggy100] 16/1/2024 15:37

Or even a fantasist fp.

[flying pig] 16/1/2024 10:14

It would be good to see progress made. However, one does have to be something of an optimist!

[uggy100] 12/1/2024 18:50

monet, they said that in 2023, more smoke & mirrors.

[monet] 12/1/2024 16:28

As we move into a crucial year for the #RBD portfolio, we remain committed to unlocking the inherent value in projects such as #WestNewton and #ColleSanto. #RBD

[currypasty] 12/1/2024 13:46

probably already spent

[muchodinero] 12/1/2024 13:32

Does the Shell cash belong to shareholders or is it for the purchase of high performance Italian sports cars? 🤔

[wisteria2] 12/1/2024 11:22

The Requisitioning Shareholders should do one, and be made to pay the costs inflicted on the majority of the shareholders

[currypasty] 12/1/2024 10:54

the vote went their way ?