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Reabold Resources books loss amid well impairment charge

By BFN News | 02:37 PM | Friday 27 September, 2019


Reabold Resources booked a first-half loss, partly owing to the write down of an unsuccessful well. The company is also looking to help develop oil discoveries in the U.K. and California. Pre-tax losses for the six months through June amounted £1.70m, compared to a loss of £0.75m on-year. Revenue was £0.39m, compared to zero revenue on-year, as the company increased production from its Californian assets. At 2:37pm: (LON:RBD) Reabold Resources Plc share price was 0p at 1.2p Story provided by StockMarketWire.com

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