Reabold aims for project conveyor belt

The firm hopes to take advantage of a shift in UKCS M&A dynamics

AIM-listed Reabold Resources has ambitions to repeat its success at the UK’s Victory gas discovery—where it has received an offer for operator Corallian Energy, in which it holds a 49.9pc stake—with the remainder of Corallian’s portfolio, which it has agreed to buy. And it feels a dwindling supply of in-production assets available for sale on the UK continental shelf (UKCS) may have both aided the Victory deal and could drive interest in its new licences. “What we look to do is find projects that are not quite ready to attract the interest of the larger buyer who is the right developer—developing Victory would have been difficult for us just in terms of scale,” says Reabold co-CEO Stephen Wi