Rathlin Energy (UK) Ltd has been granted permission for drilling and production as well as more time for further exploratory drilling at the West Newton joint venture in East Yorkshire.
DEVELOPMENT
The operator can undertake drilling and production at the West Newton A site and exploratory drilling at the West Newton B.
Partner Reabold Resources plc today said that East Riding of Yorkshire Council had approved both applications.
“These approvals pave the way for the next phase of activity at West Newton as the partnership continues to move the project forward towards development,” added the company.
Reabold holds a 56% economic interest in West Newton via its 59% shareholding in Rathlin, which has a 66.67% interest in PEDL183.
In addition, Reabold has a 16.665% direct interest in PEDL183 while Union Jack Oil plc owns a 16.665% economic interest.