This morning, United Oil & Gas (ex Tullow team) announced that it had farmed into several of Corallian Energy’s interests in the UK in exchange for a partial carry on the costs of the Colter well. Reabold has a 35.4% interest in Corallian. In our opinion, today’s news is positive for Reabold as it brings on board an experienced management team, helps with funding, and highlights that Reabold was able to get exposure to these assets at very attractive prices. We don’t mak
16 Jan 2018
Positive Colter farm-out
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Positive Colter farm-out
Reabold Resources plc (RBD:LON) | 0.1 0 9.1% | Mkt Cap: 9.17m
- Published:
16 Jan 2018 -
Author:
Jessica Saadat -
Pages:
3
This morning, United Oil & Gas (ex Tullow team) announced that it had farmed into several of Corallian Energy’s interests in the UK in exchange for a partial carry on the costs of the Colter well. Reabold has a 35.4% interest in Corallian. In our opinion, today’s news is positive for Reabold as it brings on board an experienced management team, helps with funding, and highlights that Reabold was able to get exposure to these assets at very attractive prices. We don’t mak