Sales process commences
Reabold has announced that Corallian, a company through which Reabold holds its 49.99% effective interest in the UK North Sea Victory gas development project, has commenced a strategic review process to solicit bids for up to a 100% interest in Corallian.
Victory is the largest asset in the portfolio
Our risked NAV for Victory (incorporating a 55% chance of success) stands at 0.34p/sh (0.61p/sh un-risked), equivalent to ~ 2/3 of the gross asset value (pre balance sheet ....
20 Oct 2021
Sales process commencing for Victory project, positive
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Sales process commencing for Victory project, positive
Reabold Resources plc (RBD:LON) | 0.1 0 0.0% | Mkt Cap: 6.37m
- Published:
20 Oct 2021 -
Author:
Martin Thomas MT -
Pages:
6
Sales process commences
Reabold has announced that Corallian, a company through which Reabold holds its 49.99% effective interest in the UK North Sea Victory gas development project, has commenced a strategic review process to solicit bids for up to a 100% interest in Corallian.
Victory is the largest asset in the portfolio
Our risked NAV for Victory (incorporating a 55% chance of success) stands at 0.34p/sh (0.61p/sh un-risked), equivalent to ~ 2/3 of the gross asset value (pre balance sheet ....