News Oil & Gas

Reabold CPR bolsters farm-out plans for licences

Posted on Author editorial Comments Off on Reabold CPR bolsters farm-out plans for licences

Reabold Resources plc said its aim to farm-out its North Sea assets has been bolstered by a new competent person’s report (CPR).

Opportunities: comprise a number of play types of both gas and oil (Reabold Resources)

POTENTIAL

RPS Group’s report covers licences P2464, P2504 and P2605, in which Reabold has a 100% working interest, and licence P2478 containing the Dunrobin complex (36%).

Reabold acquired the licences in May 2022 from Corallian Energy for £250,000.

The company added that the CPR highlighted the potential of its key central and northern North Sea assets in the Inner Moray Firth, East Shetland Basin and the North West of Shetland.

The opportunities comprise a number of play types of both gas and oil with proven potential from analogue fields.

Reabold noted mean estimate aggregate of unrisked net prospective oil resources of 148.5 mmbbls, and mean estimate aggregate of unrisked net prospective gas resources of 211.6 bcf, or ca. 36.5 mmboe.

Related Articles
Finance News Oil & Gas

Scirocco sets date for vote to cancel trading

Posted on Author editorial

Scirocco Energy plc shareholders will vote on 7 May on how the company should return cash to them and on cancellation of trading on AIM. Scirocco’s investors will also vote on re-registration as a private company and adoption of new articles of association. The company expects the final day of trading for existing ordinary shares […]
Equipment & Logistics Metals & Minerals News

Gold-in-soil anomalies support 8km Tati gold trend

Posted on Author editorial

Two new “significant” gold-in-soil anomalies support the previously identified 8km gold trend at the Tati project in Botswana, said project owner-operator Power Metal Resources. CHERISHED HOPE The company collected 280 infill geochemical soil samples at 40cm spacing within the northwest and southern grids in the southeastern quadrant of the licence. Sampling and independent analysis for […]
Metals & Minerals News

Red Rock to own 50% of Tin Hill lithium subsidiary

Posted on Author editorial

Red Rock Resources plc said it expected to own 50% of its Zimbabwe lithium subsidiary which is preparing for small scale trial production at the Tin Hill project in the southeast of the country. TIN HILL The property lies 29km northwest of Bikita which is one of two lithium mining centres along with Arcturus. African […]