Reabold Requisition group pledges to stop โknee jerkโ decision making
One of the individuals hoping to takeover control of oil and gas firm Reabold Resources (LON: RBD) say they plan to โstop the knee jerkโ decision making.
One of the individuals hoping to takeover control of oil and gas firm Reabold Resources (LON: RBD) say they plan to โstop the knee jerkโ decision making.
London-listed Reabold Resources said today that new drilling operations โfurther suggestedโ the West Newton field in east Yorkshire is the largest UK onshore oil and gas discovery since the 1970s.
This week, BP projected that global demand for oil may have peaked in 2019 and that we shouldnโt ever expect demand to recover to pre-COVID-19 levels. On the face of it, BPโs analysis is stark, with global demand for oil reducing in all three of its scenarios over the next thirty years.
Deltic Energy, formerly Cluff Natural Resources, has โunequivocally rejectedโ a ยฃ12.3million bid from Reabold Resources to acquire a controlling stake in the business.
Our client Humber Oil & Gasโ divestment of its interest in one of the largest UK onshore hydrocarbon discoveries may have been our second oil and gas deal of 2020, but it was the first we conducted wholly remotely, thanks to UK lockdown rules.
The resources of a major onshore oil find have been upgraded, with analysts saying it could become the โlargestโ of its kind in the UK.
Reabold Resources will invest ยฃ3 million Rathlin Energy in exchange for a 37.08% equity interest in the firm.