Investment company Reabold Resources plc said that an initial analysis of an extended well test (EWT) showed potential for “significant hydrocarbon” production at the West Newton joint venture project in East Yorkshire. EWT Operator Rathlin Energy Ltd conducted the EWT in Q4 2021 and commissioned RPS Group to produce a review assessing the potential of […]
Tag: Reabold Resources plc
Corallian submits draft FDP for Victory gas discovery
Reabold Resources plc said that its investee Corallian Energy Ltd had submitted a draft field development plan (FDP) to the Oil and Gas Authority (OGA) for the Victory gas discovery northwest of Shetland. BUSINESS STRUCTURE Reabold has a 49.99% interest in Corallian which has a 100% interest in Victory and is the operator. SCHEDULE Reabold […]
Reabold directors buy 43.3m ordinary shares
Reabold Resources plc announced purchases of ordinary shares of 0.1 pence each in the company in the market by certain directors of the company. DIRECTORS The directors’ dealings are: Director Date of purchase No. of Ordinary Shares Purchased Price of Ordinary Shares purchased (pence) No. of Ordinary Shares of beneficial interest following purchase Percentage of […]
Reabold signs equity exchange deal with Daybreak
Reabold Resources plc has signed a conditional equity exchange agreement with American OTC traded oil and gas operator, Daybreak Oil and Gas Inc, with assets in California. TRANSACTION The transaction will see the investment company become a major shareholder of Daybreak through the issue of new Daybreak shares to Reabold. In exchange, Daybreak will acquire […]
West Newton-A plans refused for six further wells
The West Newton joint venture (JV) has today had its plans for six more wells refused by East Riding of Yorkshire Council. RECOMMENDATION The partners had hoped to treble the site from two existing wells, WN-A and WN-A2, to drill and produce oil over a period of 25 years. A public consultation was held earlier […]
Test at Kirkham Abbey encourages West Newton JV
The joint venture partners at West Newton PEDL183 perforated an initial interval of 25 metres of the 62 metre Kirkham Abbey hydrocarbon column. On 7 June, site operator Rathlin Energy (UK) Ltd began well testing at the West Newton B1-Z (WNB-1Z) sidetrack, initially focusing on the lower portion of the Kirkham Abbey. Partners Reabold Resources […]