Business
Operations Update at Iecea Mica-1, Romania
Operations Update at Iecea Mica-1, Romania.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \nRNS Number : 5813C Reabold Resources PLC 18 June 2019 \n\n18 June 2019\n \nReabold Resources Plc\n(\"Reabold\" or the \"Company\")\n \nOperations Update at Iecea Mica-1, Romania\n \nReabold, 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. \n \nThe 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: \nhttp://adx-energy.com/documents/iecea-mica-1-well-update---construction-commenced.pdf \n \nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n \n \nENDS\nFor further information please contact:\n \n\n\n\n\nReabold Resources plc\nStephen Williams\nSachin Oza\n \n\n\nc/o Camarco\n+44 (0) 20 3781 8331\n\n\n\n\nStrand Hanson Limited (Nominated and Financial Adviser)\nRory Murphy\nJames Spinney\nJames Dance\n \n\n\n +44 (0)20 7409 3494\n \n \n\n\n\n\nCamarco\nJames Crothers\nOllie Head\nBilly Clegg\n \n\n\n+44 (0) 20 3781 8331\n\n\n\n\nWhitman Howard Limited - Joint Broker\nNick Lovering\nGrant Barker\n \n\n\n+44 (0) 20 7659 1234 \n\n\n\n\nTurner Pope Investments (TPI) Ltd - Joint Broker\nAndy Thacker\n\n\n+44 (0) 20 3621 4120\n\n\n\n\n \n \nNotes to Editors\n\nReabold 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. \nAs 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.\nReabold'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...