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
net income	-190K -	-118K 37.89%	-104K 11.86%	-115K 10.58%	-1.15M 901.74%	-2.02M 75%	-4.20M 108.28%	-2.67M 36.46%	-2.67M 0.26%	-45K 98.32%	-7.19M 15,886.67%
depreciation and amortization						32K -	237K 640.63%	326K 37.55%	358K 9.82%	318K 11.17%	15K 95.28%
deferred income tax						159K -	3.11M 1,857.23%	1.12M 64.11%	747K 33.12%
stock based compensation					559K -	995K 78.00%	192K 80.70%	100K 47.92%	152K 52%	22K 85.53%	57K 159.09%
change in working capital	-35K -	23K 165.71%	-11K 147.83%	-26K 136.36%	-7K 73.08%	43K 714.29%	250K 481.40%	-534K 313.60%	367K 168.73%	70K 80.93%	322K 360%
accounts receivables			1K -		-29K -	-395K 1,262.07%	-430K 8.86%	478K 211.16%	207K 56.69%
inventory						-32K -	13K 140.63%	-15K 215.38%	14K 193.33%	-24K 271.43%
accounts payables			-12K -	-26K 116.67%	54K 307.69%	387K 616.67%	512K 32.30%	-776K 251.56%	140K 118.04%
other working capital					-32K -	83K 359.38%	155K 86.75%	-221K 242.58%	6K 102.71%	94K 1,466.67%	322K 242.55%
other non cash items	-6K -	9K 250%			245K -	55K 77.55%	192K 249.09%	7K 96.35%	13K 85.71%	-2.15M 16,630.77%	4.76M 321.64%
net cash provided by operating activities	-231K -	-86K 62.77%	-115K 33.72%	-141K 22.61%	-355K 151.77%	-732K 106.20%	-216K 70.49%	-1.65M 664.81%	-1.04M 37.17%	-1.78M 71.87%	-2.12M 19.06%
investments in property plant and equipment						-1.94M -	-3.83M 96.96%	-3.53M 7.74%	-1.54M 56.45%	-717K 53.35%	-2.87M 299.72%
acquisitions net						120K -	-21.00M 17,595.83%	-600K 97.14%	-16K 97.33%	3.16M 19,843.75%	2.69M 14.81%
purchases of investments		-660K -			-795K -	-7.06M 787.92%	-21.00M 197.42%	-600K 97.14%	-1M 66.67%	-3.17M 217.50%
sales maturities of investments		599K -			302K -	-120K 139.74%	21.00M 17,595.83%	600K 97.14%	500K 16.67%	3.17M 535%	5.16M 62.49%
other investing activites		2K -			-1K -	-347K 34,600%	-165K 52.45%	133K 180.61%		-27K -
net cash used for investing activites		-59K -			-494K -	-9.35M 1,792.31%	-24.98M 167.28%	-4.00M 84.01%	-2.05M 48.62%	2.42M 217.63%	2.29M 5.05%
debt repayment		-416K -
common stock issued		325K -	400K 23.08%		5.82M -	11.91M 104.76%	24.87M 108.86%		6.88M -
common stock repurchased											-263K -
dividends paid
other financing activites	58K -	416K 617.24%
net cash used provided by financing activities	58K -	325K 460.34%	400K 23.08%		5.82M -	11.91M 104.76%	24.87M 108.86%	1K 100.00%	6.88M 688,000%		-263K -
effect of forex changes on cash						-24K -	-67K 179.17%	69K 202.99%	-46K 166.67%	-3K 93.48%	-4K 33.33%
net change in cash	-173K -	180K 204.05%	285K 58.33%	-141K 149.47%	4.97M 3,622.70%	1.80M 63.66%	-395K 121.88%	-5.58M 1,312.15%	3.74M 167.12%	628K 83.23%	-98K 115.61%
cash at beginning of period	189K -	16K 91.53%	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%	5.54M 13.37%
cash at end of period	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%
operating cash flow	-231K -	-86K 62.77%	-115K 33.72%	-141K 22.61%	-355K 151.77%	-732K 106.20%	-216K 70.49%	-1.65M 664.81%	-1.04M 37.17%	-1.78M 71.87%	-2.12M 19.06%
capital expenditure						-1.94M -	-3.83M 96.96%	-3.53M 7.74%	-1.54M 56.45%	-717K 53.35%	-2.87M 299.72%
free cash flow	-231K -	-86K 62.77%	-115K 33.72%	-141K 22.61%	-355K 151.77%	-2.67M 653.24%	-4.04M 51.12%	-5.18M 28.21%	-2.58M 50.30%	-2.50M 2.87%	-4.99M 99.52%

RBD

COM:REABOLD

Reabold Resources PLC

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25/11 08:10

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