Reabold Resources plc has conditionally acquired six exploration and appraisal licences for £250,000 from Corallian Energy Ltd, which is itself under offer for a potential sale. CORALLIAN ENERGY LTD Private UK oil and gas company Corallian has interests in the West of Shetland, Central Graben, Inner Moray Firth and Viking Graben basins Upstream oil & […]
Tag: Reabold Resources plc
West Newton JV granted more time to drill
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 […]
Reabold-Daybreak extend date for equity exchange
Reabold Resources plc announced an extension by mutual consent to 29 April 2022 of the longstop date of the equity exchange agreement with Daybreak Oil and Gas Inc. CALIFORNIA Daybreak is a United States’ OTC traded oil and gas operator with assets in California. The transaction will result in Reabold becoming a major shareholder of […]
West Newton analysis shows potential ‘significant’ hydrocarbons
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 […]
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 […]