Offer received for Victory but price not disclosed at this time
Corallian, a private company in which Reabold holds a 49.99% interest, has received an offer which the Corallian board considers sufficiently attractive to seek to conclude. Reabold holds its 49.99% interest in the North Sea Victory gas field through its shareholding in Corallian. We attribute US$90m/0.65p/sh for Victory in our risked NAV, utilising a 55% chance of success (reflecting development uncertainty and potential value lea ....
04 May 2022
Offer received for most material asset in the portfolio
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Offer received for most material asset in the portfolio
Reabold Resources plc (RBD:LON) | 0.1 0 (-8.3%) | Mkt Cap: 8.41m
- Published:
04 May 2022 -
Author:
Martin Thomas MT -
Pages:
6
Offer received for Victory but price not disclosed at this time
Corallian, a private company in which Reabold holds a 49.99% interest, has received an offer which the Corallian board considers sufficiently attractive to seek to conclude. Reabold holds its 49.99% interest in the North Sea Victory gas field through its shareholding in Corallian. We attribute US$90m/0.65p/sh for Victory in our risked NAV, utilising a 55% chance of success (reflecting development uncertainty and potential value lea ....