StockMarketWire.com - Reabold Resources said it had fully exercised an option to further invest in Danube Petroleum, taking its ownership in that company to about 51%.

The shares were acquired for £1.20 each, for a total investment of £1.71m.

Danube was now funded for a high-impact 2020 work programme, including testing the IM-1 well, drilling of the IM-2 well and acquiring significant seismic data to identify subsequent targets.


At 8:20am: [LON:RBD] Reabold Resources Plc share price was 0p at 0.83p



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