Reabold Resources shareholders have voted against a second attempt to oust the company’s management and board.
Reabold's co-CEOs warned of 'very significant' conflicts of interest in their proposed replacements, while dissenting shareholders said 'certain disaster' awaits the company without a change of strategy.
The group in question also hit back, in turn accusing the company’s leadership of being “untrustworthy” over its decision to invest in an Italian gas project.
NSTA is expected to greenlight the Shell Victory project in the West of Shetland ‘within the coming months’
Reabold Resources has hit back at a shareholder group’s latest attempt to oust its leadership, pointing to a series of ‘material deficiencies’ in due process.
A minority shareholder group has launched a fresh attempt to oust the leadership of North Sea oil firm Reabold Resources (AIM: RBD).
Baron Oil says it intends to seek further partners to fund drilling off East Timor and will "re-engage" next year with potential new partners for the Dunrobin prospect in the North Sea.
Environmental regulator OPRED has opened up a public consultation on the new project which sits 29 miles off Shetland.
Shell (LON: SHEL) has given up on a Southern North Sea prospect, despite it being located directly next to the region’s largest find in a decade.
The unrest that has dogged North Sea firm Reabold Resources (LON: RBD) for several months now appears to be showing little sign of letting up.
A new report on Reabold Resources’ northern North Sea resources illustrates potential development plans - including FPSO redeployments and tiebacks to the Dunbar and Ninian platforms.
Reabold Resources has announced a share buyback drive and a new audit of its reserves ahead of plans to farm out stakes in its portfolio.
As it stands, Reabold says the offer “significantly undervalues” its investment portfolio, the company as a whole, and its future prospects.
Operator Reabold Resources (LON: RBD) has added 201 million barrels of oil equivalent (MMboe) of prospective resources to its portfolio.
Reabold Resources has confirmed the completion of its acquisition of Simwell Resources, a privately held explorer with several southern North Sea licences.
Shareholders in Reabold Resources have put their faith in the North Sea firm’s board to deliver on their promises, snubbing an attempt to replace them.
One of the individuals hoping to takeover control of oil and gas firm Reabold Resources (LON: RBD) say they plan to “stop the knee jerk” decision making.
Watch: Boxing legend Amir Khan urges shareholders to deliver knockout blow to board of North Sea firm
A rebel investor group - that is hoping to oust the board of a North Sea oil and gas company - has secured backing from an unlikely supporter.
Bosses at Reabold Resources (LON: RBD) have pleaded with shareholders to “stick with” them ahead of a crunch vote next week.
Supermajor Shell (LON: SHEL) has formally completed the acquisition of West of Shetland operator Corallian Energy.
Reabold Resources (LON: RBD) has announced plans to farm-in to a Shell North Sea licence near the hotly-tipped Pensacola prospect to be drilled next month.
Bosses at Reabold Resources are fighting their corner ahead of an upcoming showdown with a minor shareholder group aiming to replace them.
Confident it will prevail, North Sea oil investor Reabold Resources (LON: RBD) will proceed with a meeting called by minority shareholder Pershing, which seeks to oust the company’s board.