Reabold Resources ( (GB:RBD) ) has shared an update.
Reabold Resources plc has announced the appointment of Paul Harris as an independent non-executive director to the Board of Rathlin Energy. Harris brings 35 years of experience in the energy sector, having held significant roles such as CEO and COO at NEO Energy. His expertise is expected to be invaluable in progressing the West Newton gas development, the largest undeveloped onshore gas field in the UK. This appointment is seen as a strategic move to strengthen Reabold’s position in the UK gas market, with the West Newton project having a pre-tax NPV(10) of $224 million net to Reabold, reflecting its increased economic interest.
More about Reabold Resources
Reabold Resources plc is an investing company focused on developing strategic gas projects to enhance European energy security. The company holds a diversified portfolio of exploration, appraisal, and development oil and gas projects, aiming to invest in low-risk, near-term opportunities with significant valuation uplift potential. Reabold’s strategy includes a clear monetization plan, with proceeds returned to shareholders and reinvested into further growth projects.
YTD Price Performance: 6.38%
Average Trading Volume: 20,951,385
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.1M
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