Reabold: ‘Opportunistic’ takeover group ‘cannot be trusted’
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.
Corallian Energy
Shell eyes 2025 start up for Victory gas field west of Shetland
Environmental regulator OPRED has opened up a public consultation on the new project which sits 29 miles off Shetland.
Reabold bosses pledge to ‘start addressing’ low share price ahead of crunch vote
Bosses at Reabold Resources (LON: RBD) have pleaded with shareholders to “stick with” them ahead of a crunch vote next week.
Shell on road to Victory as it completes takeover of Corallian from Reabold
Supermajor Shell (LON: SHEL) has formally completed the acquisition of West of Shetland operator Corallian Energy.
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 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.
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.
Baron Oil says outlook ‘transformed’ for Dunrobin project in UK North Sea
Baron Oil (AIM: BOIL) has said economics on its Dunrobin project in the North Sea have been “transformed” with the surge in commodity prices and new UK Government policies.
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.
Corallian fails to entice Shell with Jackdaw South
Corallian Energy attempted and failed to sell Shell and One-Dyas the “Jackdaw South” prospect ahead of the main development being sanctioned later this year.
Corallian can market Dunrobin prospect again as exclusivity period ends
Corallian Energy can start marketing its 174 million barrel Dunrobin prospect again after an exclusivity period with a “large European E&P company” ended.
Corallian gives prospective farm-in partner more time to consider Moray Firth play
Corallian Energy and partners will give a “large European E&P company” more time to decide whether it wants to farm into a licence in the inner Moray Firth.
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.
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 targets 2020 IPO and plans farm-out of North Sea prospects
Corallian Energy has announced plans for an initial public offering (IPO) next year and that it will begin a farm-out process for two North Sea prospects.
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.
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.
Wick well spudded in Moray Firth
Drilling has started on an exploration well in the Moray Firth, believed to hold up to 26million barrels of oil equivalent.
Reabold completes investment in Corallian
Reabold Resources has invested a further £1 million in Corallian Energy, the operator of the Wick prospect in the outer Moray Firth.
Corallian applies for consent to drill Wick
Corallian Energy has applied to the UK Government for permission to drill the Wick well in the Outer Moray Firth.
Fraser Well Management to oversee drilling of Wick prospect
UK firm Fraser Well Management (FWM) has been hired to manage the drilling of a well in the Moray Firth.