Reabold Resources Plc invests in upstream oil and gas projects. Its exploration licenses include PEDL 183 license area situated in the United Kingdom; Monroe Swell and West Brentwood license areas located in the United States; and Parta exploration license area situated in Romania. The company was formerly known as Adventis Group plc and changed its name to Reabold Resources Plc in December 2012. Reabold Resources Plc was incorporated in 1998 and is based in London, the United Kingdom.

Reabold Resources Plc

Reabold Resources PLC focuses on investing in existing undeveloped gas discoveries with significant resources and near-term production potential, balancing proceeds from monetization events between shareholder returns and reinvestment into new and existing projects.

Reabold Resources PLC

Reabold Resources Plc | 652 followers on LinkedIn. An upstream oil &amp; gas company that does things differently. | Reabold Resources is an investor in near-term, high growth upstream oil &amp; gas projects where an injection of its capital facilitates near-term activity.

CFO at Reabold Resources PLC

Chris Connolly

Co-Chief Executive Officer at Reabold Resources PLC

Stephen Williams

Director at Reabold Resources Plc

Anthony Samaha

Reabold has announced its unaudited interim results for the six months ended 30 June 2024. Highlights of Reabold’s interim results include: ✅Cash and cash equivalents up 41% at £7.6mn 👉 Final tranche cash of £4.4mn for Corallian sale received from Shell 🤝Execution of a non-binding Heads of Agreement between Gunvor and LNEnergy for the purchase of LNG from Colle Santo Sachin Oza and Stephen Williams, co-CEOs of Reabold: “Reabold enters the second half of the year with a strong balance sheet and a number of exciting catalysts on the horizon. The Company is excited by the potential of the Colle Santo gas project, which holds significant gas reserves, and the regulatory process continues to be encouraging. We are pleased LNEnergy has established a strong relationship with Gunvor in the context of a gas offtake partner. “The revised work programme for PEDL 183 confirms that significant value can be unlocked at West Newton through the early production plan, which is technically robust and economically attractive due to a low capex requirement, and the JV remains focused on delivering this strategic UK gas project. “We look forward to replicating the success of the Corallian sale elsewhere in the portfolio as we carry out the Reabold strategy to create value for shareholders.” Read the full announcement here: https://bit.ly/47JduYh

Reabold is pleased to announce that it has agreed to increase its interest in LNEnergy by a further 1.0% through the subscription of 17 new ordinary shares, for a cash consideration of approximately £205,000. LNEnergy has also agreed to grant Reabold a warrant to subscribe in cash, at the Company's sole discretion, for a further approximately £747,000 worth of new ordinary shares for £12,047 per share. The Warrant has an exercise period of 6 months and if exercised, would take Reabold’s shareholding in LNEnergy to approximately 30.6% Stephen Williams, co-CEO of Reabold: "We are extremely pleased once again to be able to increase our interest in LNEnergy. Through the agreed Warrant, Reabold will be able, at its discretion, to further increase its investment in LNEnergy as the regulatory process for Colle Santo progresses.” Read the full RNS here: https://bit.ly/3X7XJqe

Reabold co-CEOs, Stephen Williams and Sachin Oza, discussed the recently announced West Newton Gas Export Feasibility Study, the approval of the Revised Work Programme and what it means for the development of the project with BRR Media Watch the full interview here: https://shorturl.at/PlSqe

Reabold is pleased to announce the results of the West Newton Gas Export Feasibility Study conducted by CNG Services, and that the NSTA has approved a revised work programme for PEDL 183 onshore UK. The West Newton Gas Export Feasibility Study concluded that an initial single well development and gas export plan for West Newton could accelerate production and cash flow whilst requiring limited capex. The West Newton Feasibility Study: ✅Confirms the technical and economic viability of a single well development plan ✅Concludes a single well development has excellent project economics ✅First gas soon after drilling and completing a producer well “This phased development plan allows gas production to be brought to market within months of drilling, generating significant early cash flow whilst we progress the full field development plan. With the industry currently suffering from a lack of available development capital, the ability to achieve early production with limited capex is strategically extremely valuable. “With the necessary approval from the NSTA for the revised work programme for PEDL 183 secured, Reabold can continue to progress this important UK gas project in the most optimal manner,” said Sachin Oza, co-CEO of Reabold. Find out more: https://lnkd.in/e7QMHEHP

Reabold today announces its audited financial results for the year ended 31 December 2023. Reporting period ended 31 December 2023 highlights: - Acquisition of a 26.1% interest in LNEnergy for £4.3m - Cash of £5.4m as at year end 2023; net assets of £42.2m - Receipt of £5.2m cash proceeds Post period end highlights: - Final tranche cash proceeds of £4.4m for the sale of Corallian received from Shell - Execution of non-binding Heads of Agreement between Gunvor and LNEnergy for the purchase of LNG from Colle Santo - Gas Export Feasibility study completed at West Newton The Annual Report is publicly available at: https://bit.ly/3CXsCms

Reabold is pleased to publish the positive conclusions of a Carbon Intensity Study on the West Newton gas development, located within PEDL183 onshore UK. The West Newton project has an AA rating for Carbon Intensity for its potential upstream gas and condensate production, the lowest possible carbon intensity rating category on GaffneyCline's scale. The West Newton field has a Carbon Intensity significantly lower than the UK average and onshore and offshore analogues. It is also significantly lower than the average imported LNG, based on the NSTA Natural Carbon Footprint Analysis published in July 2023. Sachin Oza, co-CEO of Reabold: "The AA rating demonstrates the low carbon credentials of the West Newton project and is an example of the opportunities available in the UK to power the country through lower carbon, home grown energy." "We believe West Newton is an important strategic asset to the UK as the country looks to secure domestic energy supply for secure and affordable energy, at a time when the country is exposed to potentially significant gas supply disruptions.” The report on the Carbon Intensity of the West Newton Field can be found at the following link: https://bit.ly/3CXsCms

The Cavendish note this morning on the signing of an HoA with Gunvor covering the entire planned output of the Colle Santo gas field, argues that the agreement provides “strong validation for the project.” Read the full research note here: https://bit.ly/42SNcAF

Reabold co-CEOs, Stephen Williams and Sachin Oza, discussed the recently announced offtake and prepay agreement with Gunvor Group Ltd for LNG from the Colle Santo gas field in Italy with BRR Media . Watch the full interview here: https://bit.ly/3UIHajm

Reabold is pleased to announce the execution of a non-binding Heads of Agreement with Gunvor Group Ltd for the purchase of approximately 44,000 tonnes of LNG per annum from the Colle Santo gas field, located onshore Italy. Stephen Williams, co-CEO of Reabold: “We are delighted with this progress towards an extremely significant milestone for our LNG project at Colle Santo in Italy. The agreement envisages a counterparty of the highest quality potentially providing both offtake and a prepay, which is extremely valuable for the project in these times of capital scarcity in the industry." “In keeping with Reabold’s broader strategy, Colle Santo has the potential to provide significant, reliable and low carbon energy into the Italian market, improving European energy security whilst contributing to an efficient energy transition.” Read the RNS here: https://bit.ly/3QoimLd

Cavendish reiterates its 1.2p target price for Reabold. “The West Newton partners are now planning a simpler, lower-cost development well this year to generate early production and cash flow.” Read the full note here: https://bit.ly/42SNcAF

	Dec '13	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
account payables	7K -	29K 314.29%	4K 86.21%	4K 0%		442K -	902K 104.07%	192K 78.71%	314K 63.54%	164K 47.77%
accumulated other comprehensive income loss			400K -	200K 50%	759K 279.50%						2.18M -
cash and cash equivalents	16K -	196K 1,125%	481K 145.41%	340K 29.31%	5.31M 1,460.88%	7.11M 34.01%	6.72M 5.55%	1.14M 83.04%	4.88M 328.71%	5.51M 12.86%	5.44M 1.32%
cash and short term investments	16K -	196K 1,125%	481K 145.41%	340K 29.31%	5.31M 1,460.88%	7.11M 34.01%	6.72M 5.55%	1.14M 83.04%	4.88M 328.71%	14.24M 191.60%	9.80M 31.15%
common stock	285K -	355K 24.56%	395K 11.27%	435K 10.13%	1.65M 280.23%	3.82M 131.02%	6.73M 76.16%	7.10M 5.44%	9.04M 27.43%	8.93M 1.26%	10.59M 18.58%
deferred revenue
deferred revenue non current
deferrred tax liabilities non current						329K -	329K 0%	329K 0%	329K 0%
goodwill						329K -	329K 0%	329K 0%	329K 0%
goodwill and intangible assets						329K -	329K 0%	329K 0%	329K 0%
intangible assets
inventory			-1K -	-1K 0%		32K -	19K 40.63%	34K 78.95%	20K 41.18%
long term debt
long term investments			200K -	200K 0%	550K 175%					17.03M -	26.11M 53.34%
net debt	-16K -	-189K 1,081.25%	-474K 150.79%	-340K 28.27%	-5.31M 1,460.88%	-7.11M 34.01%	-6.72M 5.55%	-1.14M 83.04%	-4.88M 328.71%	-5.51M 12.86%	-5.44M 1.32%
net receivables			1K -	1K 0%	30K 2,900%						126K -
other assets											43.16M -
other current assets	5K -	1K 80%	1K 0%	1K 0%	-5.34M 533,800%						-9.93M -
other current liabilities	43K -	34K 20.93%	47K 38.24%	28K 40.43%		263K -	429K 63.12%	65K 84.85%	83K 27.69%	145K 74.70%
other liabilities	-7K -	-36K 414.29%	-11K 69.44%	-4K 63.64%	-187K 4,575%						983K -
other non current assets		200K -				7.57M -	25.63M 238.55%	25.35M 1.08%	28.29M 11.58%	8.73M 69.14%	-26.11M 399.15%
other non current liabilities	7K -	36K 414.29%	11K 69.44%	4K 63.64%			67K -	173K 158.21%	188K 8.67%	367K 95.21%	983K 167.85%
othertotal stockholders equity	7.93M -	8.33M 5.11%	8.29M 0.48%	8.45M 1.93%	13.05M 54.40%	27.24M 108.74%	21.75M 20.16%	22.84M 5.04%	31.14M 36.34%	31.27M 0.41%	840K 97.31%
preferred stock
property plant equipment net						4.67M -	7.91M 69.31%	12.15M 53.72%	13.43M 10.46%	6.82M 49.24%
retained earnings	-8.24M -	-8.36M 1.43%	-8.46M 1.24%	-8.58M 1.36%	-9.73M 13.43%	-11.74M 20.72%	11.65M 199.20%	8.98M 22.90%	6.31M 29.78%	6.26M 0.71%	28.57M 356.14%
short term debt		7K -	7K 0%
short term investments										8.73M -	4.37M 49.99%
tax assets
tax payables	1K -
total assets	21K -	398K 1,795.24%	682K 71.36%	541K 20.67%	5.92M 994.09%	20.35M 243.76%	41.85M 105.70%	39.68M 5.20%	47.41M 19.47%	47.14M 0.57%	43.16M 8.44%
total current assets	21K -	198K 842.86%	482K 143.43%	341K 29.25%	5.37M 1,474.49%	7.78M 44.87%	7.99M 2.73%	1.84M 76.91%	5.37M 190.79%	14.56M 171.48%
total current liabilities	50K -	70K 40%	58K 17.14%	32K 44.83%	187K 484.38%	705K 277.01%	1.33M 88.79%	257K 80.69%	397K 54.47%	309K 22.17%
total debt		7K -	7K 0%
total investments		200K -	200K 0%	200K 0%	550K 175%	7.57M 1,276.36%	25.63M 238.55%	25.35M 1.08%	28.29M 11.58%	25.76M 8.94%	30.48M 18.32%
total liabilities	50K -	70K 40%	58K 17.14%	32K 44.83%	187K 484.38%	1.03M 452.94%	1.73M 67.02%	759K 56.05%	914K 20.42%	676K 26.04%	983K 45.41%
total liabilities and stockholders equity	21K -	398K 1,795.24%	682K 71.36%	541K 20.67%	5.92M 994.09%	20.35M 243.76%	41.85M 105.70%	39.68M 5.20%	47.41M 19.47%	47.14M 0.57%	43.16M 8.44%
total non current assets		200K -	200K 0%	200K 0%	550K 175%	12.57M 2,185.27%	33.86M 169.42%	37.83M 11.72%	42.04M 11.12%	32.57M 22.53%	33.23M 2.02%
total non current liabilities	7K -	36K 414.29%	11K 69.44%	4K 63.64%	187K 4,575%	329K 75.94%	396K 20.36%	502K 26.77%	517K 2.99%	367K 29.01%	983K 167.85%
total stockholders equity	-29K -	328K 1,231.03%	624K 90.24%	509K 18.43%	5.73M 1,026.13%	19.31M 236.93%	40.13M 107.77%	38.92M 3.01%	46.49M 19.46%	46.46M 0.07%	42.17M 9.23%

RBD

COM:REABOLD

Reabold Resources PLC

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25/11 08:10

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