Reabold Resources plc has increased its share in Corallian Energy Ltd to 2,780,049 after investing £600,000. The hydrocarbon investment company exercised 272,727 warrants over shares in Corallian Energy Limited at £2.20 per share, equating to approximately £600,000. Reabold now holds 36.9% of Corallian’s then issued share capital. In the 32nd Licensing Round, the Oil and […]
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West Newton joint venture reports mixed drill results
Onshore hydrocarbon exploration operator Rathlin Energy reported mixed results from drilling the onshore WNB-1 well in West Newton, East Yorkshire. The company began drilling in October and reached a depth of 2,295 metres, aiming to encounter the primary and secondary objectives of the Kirkham Abbey and Cadeby formations. Rathlin said that the Kirkham Abbey formation […]
Rathlin starts West Newton B-1 main borehole drilling
Rathlin Energy (UK) Ltd has started drilling at the onshore West Newton B-1 (WNB-1) well, following the West Newton A-2 (WNA-2) appraisal well (PEDL183), in East Yorkshire. The site operator will use a Drillmec HH 220 drilling rig to drill a borehole to an approximate depth of 2,000 metres and take six to ten weeks […]
West Newton JV to drill following positive test results
The West Newton joint venture will in the next few weeks start onshore drilling operations following positive test results at the site in the East Riding of Yorkshire. JOINT VENTURE The operator is Rathlin Energy UK Ltd who in 2008 applied for a licence to explore for oil and gas in east Yorkshire. The JV […]