2022 was a pivotal year for Reabold, during which its ‘stranded project’ monetisation and reinvestment strategy started to bear significant fruit. Cash from the successful sale of Corallian to Shell is being used to further replenish and advance its project portfolio while also executing a meaningful buyback programme. It provides the resources to fund the planned West Newton horizontal development drilling in Q4 2023, a key well aimed at proving the commerciality of this significant UK onshore ....
31 May 2023
Reabold Resources - Results in line, delivering on strategy
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Reabold Resources - Results in line, delivering on strategy
Reabold Resources plc (RBD:LON) | 0.1 0 (-2.9%) | Mkt Cap: 8.41m
- Published:
31 May 2023 -
Author:
Jonathan Wright -
Pages:
10
2022 was a pivotal year for Reabold, during which its ‘stranded project’ monetisation and reinvestment strategy started to bear significant fruit. Cash from the successful sale of Corallian to Shell is being used to further replenish and advance its project portfolio while also executing a meaningful buyback programme. It provides the resources to fund the planned West Newton horizontal development drilling in Q4 2023, a key well aimed at proving the commerciality of this significant UK onshore ....