Extractive Industries

Reabold completes acquisition of non-Victory licences

Reabold Resources plc has completed its acquisition of Corallian Energy Ltd’s working interest in all the non-Victory (P2596) licences in the North Sea.

LICENCES

The licences all at 100% working interest comprise:

P2396 Central Graben containing the Shell 1977 Curlew-A Tertiary oil discovery

P2464 Viking Graben with the Unst gas prospect

P2493 West of Shetland – North contains the Sandvoe prospect

P2504 contains the Oulton oil discovery

P2605 contains the Laxford gas discovery

P2478 Inner Moray Firth holding the Dunrobin prospect, is at a 36% working interest.

Completion of the acquisition of the licences follows Reabold’s conditional sale of its stake in Corallian to an oil and gas major.

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