New Risk • Apr 28
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (UK£15.1m market cap, or US$20.4m). Recent Insider Transactions • Apr 26
Co-CEO & Executive Director recently bought UK£75k worth of stock On the 23rd of April, Sachin Oza bought around 75m shares on-market at roughly UK£0.001 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Sachin has been a buyer over the last 12 months, purchasing a net total of UK£124k worth in shares. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (UK£10.4m market cap, or US$14.1m). New Risk • Mar 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -UK£2.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-UK£2.6m free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (UK£11.4m market cap, or US$15.2m). Ankündigung • Feb 17
Reabold Resources plc Provides West Newton Update Reabold Resources plc confirmed the following update on the West Newton gas field, located within PEDL183 (the "Licence"), onshore UK in East Yorkshire. England's environmental regulator, the Environment Agency ("EA"), has issued Rathlin Energy (UK) Limited ("Rathlin"), operator of the Licence, the variation to the permit for the West Newton 'A' Well Site allowing for the recompletion works to be carried out at the West Newton A-2 ("WNA-2") well subject to certain pre-operational conditions. This is a key regulatory milestone on the path toward development and eventual production of the West Newton gas field. The Company believes that the planned recompletion of the WNA-2 well is a low risk and low cost activity that will further derisk the project and provide important information in optimising future production wells. The Company is confident that West Newton will prove to be an important strategic asset to the UK as the country looks to secure domestic energy supply and affordable energy. Reabold holds a c.69.9% economic interest in West Newton and PEDL 183 via its c.79.8% shareholding in Rathlin, which, in turn, has a 66.67% interest in PEDL 183. In addition, Reabold has a 16.665% direct licence interest in PEDL 183. New Risk • Jan 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 9.0% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£6.12m market cap, or US$8.27m). Ankündigung • Jun 16
Reabold Resources Plc, Annual General Meeting, Jul 11, 2025 Reabold Resources Plc, Annual General Meeting, Jul 11, 2025. Location: the offices of hill dickinson llp, the broadgate tower, 20 primrose street, ec2a 2ew, london United Kingdom New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 6.5% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (UK£4.28m market cap, or US$5.61m). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (10% average weekly change). Ankündigung • Dec 13
Reabold Resources Plc (AIM:RBD) agreed to acquire an additional 20.40% stake in Rathlin Energy (UK) Limited from Connaught Oil & Gas Ltd. for £0.70 million. Reabold Resources Plc (AIM:RBD) agreed to acquire an additional 20.40% stake in Rathlin Energy (UK) Limited from Connaught Oil & Gas Ltd. for £0.70 million on December 12, 2024. A cash consideration of £0.7 million will be paid by Reabold Resources Plc. As part of consideration, £0.7 million is paid towards common equity of Rathlin Energy (UK) Limited. Upon completion, Reabold Resources Plc will own 79.80% stake in Rathlin Energy (UK) Limited. In the 12 months ended 31 December 2023, Rathlin reported a net loss of £0.85 million.
The transaction is subject to approval of offer by Connaught shareholders.
Neil McDonald of Cavendish Capital Markets Limited acted as financial advisor for Reabold Resources Plc. Recent Insider Transactions • Jun 16
Co-CEO & Executive Director recently bought UK£112k worth of stock On the 13th of June, Sachin Oza bought around 161m shares on-market at roughly UK£0.00069 per share. This transaction increased Sachin's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Sachin has been a buyer over the last 12 months, purchasing a net total of UK£102k worth in shares. Ankündigung • Jun 06
Reabold Resources Plc, Annual General Meeting, Jun 28, 2024 Reabold Resources Plc, Annual General Meeting, Jun 28, 2024. Location: the offices of hill dickinson llp, the broadgate tower, 20 primrose street, ec2a 2ew, london United Kingdom New Risk • Apr 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Revenue is less than US$1m. Market cap is less than US$10m (UK£7.85m market cap, or US$9.78m). Minor Risks Currently unprofitable and not forecast to become profitable next year (UK£4.3m net loss next year). Share price has been volatile over the past 3 months (7.7% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). New Risk • Feb 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£7.90m (US$9.97m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 20% per year for the foreseeable future. Revenue is less than US$1m. Market cap is less than US$10m (UK£7.90m market cap, or US$9.97m). Minor Risks Currently unprofitable and not forecast to become profitable next year (UK£3.7m net loss next year). Shareholders have been diluted in the past year (11% increase in shares outstanding). Ankündigung • Dec 16
Reabold Resources plc received a Requisition Notice from Pershing Nominees Limited On December 13, 2023, Reabold Resources plc announced that on November 22, 2023, it has received a requisition letter from Pershing Nominees Limited on behalf of Kamran Sattar, Stephen Pycroft, Napsbury Holdings Ltd, Lagan Holdings Ltd, Brendan Kerr, Michael Lagan, Kevin Lagan, John Patrick Keehan, Keltbray Ltd, Majithia S, Sheikh B, Asim Sarwar and Roman Teslya, under section 303 of the Companies Act, requesting the Board to convene a general meeting of Shareholders to consider resolutions to remove the entire current board of directors and replace them with 4 new directors of own choice. The board recommended shareholders to vote against all the resolutions at the General Meeting on January 10, 2023. New Risk • Dec 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (UK£3.6m net loss next year). Share price has been volatile over the past 3 months (7.5% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (UK£11.1m market cap, or US$14.0m). New Risk • Oct 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: UK£8.15m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Revenue is less than US$1m. Market cap is less than US$10m (UK£8.15m market cap, or US$9.98m). Minor Risks Currently unprofitable and not forecast to become profitable next year (UK£3.6m net loss next year). Shareholders have been diluted in the past year (11% increase in shares outstanding). Ankündigung • Sep 05
Reabold Resources plc Announces Colle Santo Project Enters Operational Phase Reabold Resources plc provided a further update on developments in the approvals process for the onshore Colle Santo gas field in Abruzzo, Italy. Following a review with the heads of Environment, Energy, and Mining of the Abruzzo Region, the Abruzzo regional government confirmed its agreement with, and intention to approve, by decree, the Early Production Programme for the Colle Santo gas field, allowing early revenue generation from the Colle Santo project. The Early Production Programme includes the following: Production of gas for a period of 24 months; Conversion of gas to power for sale to the electricity grid; and Renewal of the Abruzzo Region's earlier 24-month test approval permit. It is anticipated that the formal decree from the Abruzzo Region will be provided over the coming months and accordingly, LNEnergy, has entered the operational phase of development at the Colle Santo gas Field. Once on stream, the generation of electricity during the Early Production Programme will be from the use of gas turbines, and the electricity will be tied into a nearby distribution connection point enabling revenue generation. Much of the equipment that is needed for the electricity generation is available locally and can be provided on a rental basis, minimising the capital required. In addition to providing valuable accelerated cash flow, the Early Production Programme and associated monitoring will facilitate completion of the work required by the VIA Commission for the granting of the full development concession for the Colle Santo Gas field. As announced on 9 May 2023 and 12 June 2023, Reabold acquired a 16.2% equity interest in LNEnergy, whose primary asset is an exclusive option over a 90% interest in the Colle Santo gasfield. The Colle Santo gas field is a highly material gas resource with an estimated 65Bcf of 2P reserves, with two production wells already drilled and the field is development ready. LNEnergy believes that the field has the potential to generate an estimated EUR 11 million to EUR 12 million of post-tax free cash flow per annum. New Risk • Jul 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 94% per year for the foreseeable future. Revenue is less than US$1m (UK£560k revenue, or US$718k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (UK£2.2m net loss in 2 years). Share price has been volatile over the past 3 months (7.0% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (UK£10.9m market cap, or US$13.9m). New Risk • Jun 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 94% per year for the foreseeable future. Revenue is less than US$1m (UK£560k revenue, or US$712k). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (UK£2.2m net loss in 2 years). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (UK£13.1m market cap, or US$16.6m). Price Target Changed • Jun 16
Price target increased by 13% to UK£0.011 Up from UK£0.0097, the current price target is an average from 3 analysts. New target price is 672% above last closing price of UK£0.0014. Stock is down 57% over the past year. The company is forecast to post earnings per share of UK£0 next year compared to a net loss per share of UK£0.000005 last year. Ankündigung • Jun 14
Reabold Resources Plc (AIM:RBD) agreed to acquire additional 13.2% stake in LNEnergy Limited for £1.7 million. Reabold Resources Plc (AIM:RBD) agreed to acquire additional 13.2% stake in LNEnergy Limited for £1.7 million on June 12, 2023. The cash consideration of £500,000, to be satisfied through existing cash resources (the First Option), and £1,500,000 through the issue of 810,810,811 new ordinary shares to certain LNEnergy shareholders (the Shareholder Option). As a result, Reabold will own a 16.2% equity interest in LNEnergy. Furthermore, Reabold retains the Second Option, expiring November 30, 2023, to acquire, at its sole discretion, a further 10.5% in new shares in LNEnergy for an aggregate cash consideration of £1,800,000, which would be satisfied through either cash or shares, at the option of LNEnergy. James Spinney, James Dance, and Rob Patrick of Strand Hanson Limited acted as financial advisor to Reabold Resources. Reported Earnings • Jun 01
Full year 2022 earnings: Revenues miss analyst expectations Full year 2022 results: Net loss: UK£45.0k (loss narrowed 98% from FY 2021). Revenue missed analyst estimates by 2.3%. Revenue is forecast to grow 55% p.a. on average during the next 3 years, compared to a 2.1% decline forecast for the Oil and Gas industry in the United Kingdom. Ankündigung • May 31
Reabold Resources Plc, Annual General Meeting, Jun 29, 2023 Reabold Resources Plc, Annual General Meeting, Jun 29, 2023. Price Target Changed • Jan 17
Price target increased to UK£0.016 Up from UK£0.014, the current price target is an average from 2 analysts. New target price is 598% above last closing price of UK£0.0024. Stock is up 4.4% over the past year. The company is forecast to post a net loss per share of UK£0.0002 next year compared to a net loss per share of UK£0.00031 last year. Ankündigung • Jan 04
Reabold Resources Plc (AIM:RBD) completed the acquisition of Simwell Resources Ltd. Reabold Resources Plc (AIM:RBD) entered into a Sale and Purchase Agreement to acquire Simwell Resources Ltd for £1.2 million on September 28, 2022. The transaction is conditional on customary conditions including approval by the North Sea Transition Authority ("NSTA"). As per the SPA the Simwell will be subject to a lock-in undertaking (save for customary exceptions) in respect of (i) the Initial Consideration Shares for a period of 6 months following completion of the SPA and (ii) the Deferred Consideration Shares for a period of 6 months following the date of issue of the Deferred Consideration Shares. James Spinney, Rory Murphy and James Dance of Strand Hanson Limited acted as financial advisor to Reabold Resources Plc (AIM:RBD).
Reabold Resources Plc (AIM:RBD) completed the acquisition of Simwell Resources Ltd on January 3, 2023. Major Estimate Revision • Nov 25
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from UK£2.90m to UK£2.18m. EPS estimate unchanged from UK£0 per share at last update. Oil and Gas industry in the United Kingdom expected to see average net income growth of 6.0% next year. Consensus price target of UK£0.014 unchanged from last update. Share price rose 4.1% to UK£0.0026 over the past week. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Mike Felton was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 30
First half 2022 earnings released: EPS: UK£0 (vs UK£0 in 1H 2021) First half 2022 results: EPS: UK£0 (in line with 1H 2021). Net loss: UK£2.72m (loss widened 96% from 1H 2021). Revenue is expected to fall by 70% p.a. on average during the next 3 years compared to a 5.9% decline forecast for the Oil and Gas industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Major Estimate Revision • Sep 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from UK£2.00m to UK£2.90m. EPS estimate unchanged from -UK£0.0001 at last update. Oil and Gas industry in the United Kingdom expected to see average net income growth of 4.4% next year. Consensus price target of UK£0.013 unchanged from last update. Share price fell 36% to UK£0.0031 over the past week. Major Estimate Revision • Jun 03
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from UK£3.03m to UK£2.32m. EPS estimate unchanged from UK£0 per share at last update. Oil and Gas industry in the United Kingdom expected to see average net income growth of 50% next year. Consensus price target down from UK£0.013 to UK£0.013. Share price was steady at UK£0.0034 over the past week. Reported Earnings • May 28
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: UK£0 (vs UK£0 in FY 2020). Net loss: UK£2.68m (flat on FY 2020). Revenue missed analyst estimates by 55%. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 161%, compared to a 24% growth forecast for the oil industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 27
Price target increased to UK£0.012 Up from UK£0.011, the current price target is an average from 3 analysts. New target price is 270% above last closing price of UK£0.0032. Stock is down 53% over the past year. The company is forecast to post a net loss per share of UK£0.0001 next year compared to a net loss per share of UK£0.00039 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Mike Felton was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Oct 13
Price target decreased to UK£0.014 Down from UK£0.017, the current price target is an average from 2 analysts. New target price is 700% above last closing price of UK£0.0018. Stock is down 75% over the past year. Price Target Changed • Mar 24
Price target decreased to UK£0.017 Down from UK£0.02, the current price target is provided by 1 analyst. New target price is 170% above last closing price of UK£0.0064. Stock is up 91% over the past year. Price Target Changed • Jan 28
Price target raised to UK£0.02 Up from UK£0.018, the current price target is an average from 2 analysts. The new target price is 245% above the current share price of UK£0.0058. As of last close, the stock is down 16% over the past year. Reported Earnings • Sep 25
First half earnings released Over the last 12 months the company has reported total losses of UK£3.01m, with losses widening by 1.1% from the prior year. Ankündigung • Sep 23
Reabold Announces West Newton B-1 - Rig Mobilisation Reabold noted that Rathlin Energy (UK) Limited, operator of the West Newton B-1 (WNB-1) well, onshore UK, has announced that the main drilling rig has been mobilised to site. Reabold has a ca. 56%. economic interest in the West Newton project. The WNB-1 well is targeting the same conventional reservoirs in the Kirkham Abbey and Cadeby carbonate formations that were encountered in the recently drilled West Newton A-2 (WNA-2) well and in the West Newton A-1 (WNA-1) well, drilled by Rathlin in 2014. In November 2019, Rathlin, provided updated hydrocarbon initially in-place volumetric estimates in respect of the Kirkham Abbey formation post drilling of the WNA-2 well: Base Case: Liquids: 146.4 million barrels of oil initially in-place; Gas: 211.5 bcf of gas initially in-place. Upside Case: Liquids: 283 mmbbl OIIP; Gas: 265.9 bcf GIIP. The WNA-1 well recovered oil saturated core and the WNA-2 well encountered oil shows in the Cadeby formation, which is expected to have better reservoir development at the WNB-1 location. Ankündigung • Jul 31
Reabold Resources Plc (AIM:RBD) completed the acquisition of an additional 16.7% stake in Onshore UK Licence PEDL 183 from Humber Oil & Gas Limited. Reabold Resources Plc (AIM:RBD) entered into a conditional sale and purchase agreement to acquire an additional 16.7% stake in Onshore UK Licence PEDL 183 from Humber Oil & Gas Limited for £3.5 million on May 26, 2020. The purchase includes an acquisition of Humber's 16.67% interest in West Newton field. Acquisition will funded by cash consideration of £1.4 million, subject to adjustment, and issuance of 350 million Reabold Resources Plc shares. Humber has agreed to a lock up over 66.67% of the consideration shares for a period of three months from the date of admission to trading on AIM. As a result of transaction, Reabold Resources’ stake in West Newton field will increase from approximately 39% to 56%. Reabold Resources has sufficient financial resources to fund the transaction. The transaction is conditional upon Oil and Gas Authority’s approval. James Dance, Rory Murphy, and James Spinney of Strand Hanson Limited acted as financial advisors for Reabold Resources. Jaspal Sekhon of Hill Dickinson LLP acted as legal advisor to Reabold Resources Plc.
Reabold Resources Plc (AIM:RBD) completed the acquisition of an additional 16.7% stake in Onshore UK Licence PEDL 183 from Humber Oil & Gas Limited on July 29, 2020. 
