REG - Reabold Resources - Operations Update at Iecea Mica-1, Romania

Reabold ResourcesAnnouncement

18/06/2019 07:06

RNS Number : 5813C
Reabold Resources PLC
18 June 2019
 


18 June 2019
 
Reabold Resources Plc
("Reabold" or the "Company")
 
Operations Update at Iecea Mica-1, Romania
 
Reabold, the investor in pre-cash flow upstream oil and gas projects, notes the Operations Update announced by ADX Energy Ltd ("ADX") in relation to the Iecea Mica-1 well, part of the Parta appraisal programme in Romania. Reabold has a 37.5 per cent. interest via its shareholding in Danube Petroleum Limited.
 
The Operations Update, including photos of the construction of the well access road at the Iecea Mica-1 well, can be found via ADX's announcement dated 18 June 2019 here:
http://adx-energy.com/documents/iecea-mica-1-well-update---construction-commenced.pdf
 
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
 
 
ENDS
For further information please contact:
 




Reabold Resources plc
Stephen Williams
Sachin Oza
 


c/o Camarco
+44 (0) 20 3781 8331




Strand Hanson Limited (Nominated and Financial Adviser)
Rory Murphy
James Spinney
James Dance
 


 +44 (0)20 7409 3494
 
 




Camarco
James Crothers
Ollie Head
Billy Clegg
 


+44 (0) 20 3781 8331




Whitman Howard Limited - Joint Broker
Nick Lovering
Grant Barker
 


+44 (0) 20 7659 1234 




Turner Pope Investments (TPI) Ltd - Joint Broker
Andy Thacker


+44 (0) 20 3621 4120




 
 
Notes to Editors


Reabold Resources plc is an investing company investing in the exploration and production ("E&P") sector. The Company's investing policy is to acquire direct and indirect interests in exploration and producing projects and assets in the natural resources sector, and consideration is currently given to investment opportunities anywhere in the world. 
As an investor in upstream oil & gas projects, Reabold aims to create value from each project by investing in undervalued, low-risk, near-term upstream oil & gas projects and by identifying a clear exit plan prior to investment.
Reabold's long term strategy is to re-invest capital made through its investments into larger projects in order to grow the Company. Reabold aims to gain exposure to assets with limited downside and high potential upside, capitalising on the value created between the entry stage and exit point of its projects. The Company invests in projects that have limited correlation to the oil price.
Reabold has a highly-experienced management team, who possess the necessary background, knowledge and contacts to carry out the Company's strategy.




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DRLEASKPFLDNEEF