Reabold has provided a short update on California this morning, where operations are progressing well, with a production update expected in the next few weeks. Given good cash flow generation potential in California, with all four wells soon to be on permanent production, and the upcoming high impact West Newton well, we remain BUY.
20 May 2019
California progressing
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California progressing
Reabold Resources plc (RBD:LON) | 0.1 0 0.0% | Mkt Cap: 8.41m
- Published:
20 May 2019 -
Author:
Jessica Saadat -
Pages:
3
Reabold has provided a short update on California this morning, where operations are progressing well, with a production update expected in the next few weeks. Given good cash flow generation potential in California, with all four wells soon to be on permanent production, and the upcoming high impact West Newton well, we remain BUY.