Source - SMW
Reabold Resources has welcomed an announcement by United Oil and Gas that it has farmed into three licences operated by Corallian Energy.

Reabold has an agreement to acquire a 35.4% stake in Corallian Energy.  

"We are delighted that since our investment into Corallian Energy less than three months ago, we have seen two subsequent transactions on Corallian's assets that provide both industry validation as to the quality of the assets, and positive valuation markers relative to our investment price," co-chief executives Stephen Williams and Sachin Oza said.

At 1:28pm: (LON:RBD) Reabold Resources Plc share price was +0.03p at 0.78p