RNS VIDEO: Reabold Resources #RBD raise £6 million and take stake in Danube Petroleum

Reabold Resources Co-Chief Executives Stephen Williams and Sachin Oza have just successfully raised ‘approximately six million pounds’ to invest in their innovative strategy. #RBD have also today announced an £1.5M investment stake in unlisted Danube Resources, who have a 50% interest in the onshore Romanian Parta gas field.

#RBD have previously taken a stake in the privately owned Corallian Energy for £1.5M, who have a 60% stake in Colter, the offshore Dorset oil field appraisal opportunity.

Reabold specialise in buying stakes in unlisted later-stage European oil and gas assets, in the hope of achieving a reasonably fast return.

The company have an investor evening at 5 pm tonight.