Reabold has announced this morning that workover activity at Munroe Swell has commenced and is showing initial signs of success. Whilst we await normalised oil flow rates, the workovers should be put onto production shortly, giving Reabold a cash flow stream. We reiterate our BUY recommendation.
30 Jul 2018
California encouraging
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California encouraging
Reabold Resources plc (RBD:LON) | 0.1 0 6.5% | Mkt Cap: 8.41m
- Published:
30 Jul 2018 -
Author:
Jessica Saadat -
Pages:
4
Reabold has announced this morning that workover activity at Munroe Swell has commenced and is showing initial signs of success. Whilst we await normalised oil flow rates, the workovers should be put onto production shortly, giving Reabold a cash flow stream. We reiterate our BUY recommendation.