Reabold Resources Shares Jump on £1.9 Million Strategic Investment

Shares in Reabold Resources (LON: RBD) jumped to around 0.13p on Friday morning following the announcement of a conditional £1.9 million equity subscription from a group of US-based strategic investors.

The investor group, led by Rohan Oza, has committed to purchasing 1,900,000,000 new ordinary shares at a price of 0.1 pence per share, matching the closing mid-market price on March 12, 2026.

The Subscription is conditional upon shareholder approval at a General Meeting and the successful raising of an additional £1.1 million by May 12, 2026. This investment is designed to form the foundation for a broader fundraising initiative mirroring the terms of the initial subscription.

Participants in both the Subscription and Fundraising will also receive 1.25 warrants for each new ordinary share, exercisable at 0.11 pence per share, potentially providing Reabold with further capital upon successful completion of the A-2 well.

The net proceeds from the Subscription and Fundraising are earmarked primarily for advancing the West Newton project, specifically funding Reabold and Rathlin’s shares of the A-2 well recompletion, slated for the coming months.

The investor group’s interest is driven by the perceived strategic value of high-quality upstream natural gas projects in the UK and Europe, particularly in the context of energy security. They also recognize the disparity between the fundamental asset value and market valuation of UK-listed oil and gas companies compared to their North American counterparts.

Sachin Oza, Co-CEO of Reabold, stated, “We are delighted to receive the commitment from this group of high quality and high profile strategic investors into Reabold at what is an extremely exciting time for the company.” He further emphasized the critical role of European gas assets in providing reliable, domestically sourced energy.