Shell named as buyer of West of Shetland operator Corallian from Reabold
It has been revealed that Shell (LON: Shel) is the previously unknown “oil and gas major” behind the purchase of Corallian Energy.
Reabold Resources
Reabold to buy SNS-focused Simwell for £1m
Reabold Resources has announced a conditional offer to acquire Simwell Resources, a privately held explorer with several licences across the southern North Sea.
Reabold agreed £32m deal with anonymous ‘oil and gas major’ for stake in Corallian
An unnamed “oil and gas major” has struck a £32 million deal to acquire the controlling stake in West of Shetland operator Corallian Energy.
North Sea boss appeals to Truss to incentivise spending to ‘reinvigorate’ sector
North Sea companies have hailed the new prime minister’s decision to side with the oil and gas industry.
Reabold still in discussions with buyer over 49.99% stake in Corallian
Reabold Resources (LON: RBD) has confirmed it is still in negotiations with a potential buyer for its major stake in Corallian Energy.
Corallian reaches key milestone on road to Victory
Corallian Energy has submitted an environmental statement for its proposed development of the Victory field, a subsea tieback due to come online in 2024.
EnQuest accountancy boss makes jump to Reabold Resources
London-listed Reabold Resources (LON: RBD) has announced the appointment of a new chief financial officer.
Reabold receives offer for 49.99% stake in Corallian, including Victory project
Oil and gas company Reabold Resources has received a conditional, non-binding offer from a “credible party” for its major share in Corallian Energy.
Victory: Plans submitted for West of Shetland gas discovery
Plans have been submitted to the UK Government to develop the Victory gas discovery in the West of Shetland.
Victory: Corallian west of Shetland discovery gets £50million valuation boost
The Victory discovery in the west of Shetland has been given a £47million boost to its value after finding more recoverable gas.
Reabold confirms completion of environment baseline survey at Victory project
Reabold Resources has announced the completion of an environment baseline survey (EBS) at the Victory project, West of Shetland.
Progress shows we were right to fend off hostile bids, Deltic bosses say
Deltic Energy said the progress made on its portfolio justified the decision to fight off hostile takeover attempts from two other London-listed energy firms last year.
E&P firms that ‘get it right’ can still access equity capital markets
Investors are being increasingly influenced by environmental, social and governance (ESG) themes, but the “hunt for value” still takes centre stage.
Fresh loan from Reabold gives Corallian a shot at Victory
London-listed upstream investor Reabold Resources has agreed to loan North Sea oil firm Corallian Energy £1 million, subject to shareholder approvals.
New well ‘suggests’ West Newton is biggest UK onshore discovery since 1973
London-listed Reabold Resources said today that new drilling operations “further suggested” the West Newton field in east Yorkshire is the largest UK onshore oil and gas discovery since the 1970s.
Updated: Independent Oil and Gas abandons pursuit of Deltic Energy
Independent Oil and Gas (IOG) said today it won’t be making an official offer to acquire fellow southern-North-Sea-focused firm Deltic Energy.
Reabold eyes big payoff west of Shetland via position in Corallian
Upstream investment firm Reabold Resources has hailed a significant boost to its footprint west of Shetland through its stake in Corallian Energy.
Deltic Energy faces another potential takeover bid, this time from IOG
Deltic Energy is facing yet another potential acquisition bid, this time from Independent Oil and Gas (IOG).
Reabold abandons takeover bid for Deltic Energy
Reabold Resources has abandoned its takeover bid for Deltic Energy, formerly known as Cluff Natural Resources.
Deltic’s largest shareholder backs board’s attempt to ward off hostile takeover
Deltic Energy’s largest shareholder has backed the company’s efforts to stave off a hostile takeover bid from London-listed energy investment firm Reabold Resources.
Reabold ‘disappointed’ and ‘surprised’ by takeover target Deltic
Energy investment firm Reabold said today it was “disappointed” and “surprised” by takeover target Deltic Energy’s assessment of its portfolio.
Updated: Deltic Energy ‘unequivocally rejects’ £12.3m takeover bid from Reabold Resources
Deltic Energy, formerly Cluff Natural Resources, has “unequivocally rejected” a £12.3million bid from Reabold Resources to acquire a controlling stake in the business.
Corallian adds 10million North Sea barrels with new deal, Reabold ups stake
Corallian Energy has added another 10million barrels of oil equivalent to its North Sea portfolio thanks to a new deal.
New onshore gas discovery ‘potentially UK’s largest’
A new onshore gas discovery is "potentially the UK's largest", according to preliminary data.
Exploration disappointment for Corallian and partners at Wick
Partners in the Wick prospect in the Moray Firth said today that the exploration well was a failure.