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 […]
Tag: Reabold Resources plc
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 […]
Reabold notes completion of EBS at Victory
Reabold Resources plc announced that a key milestone had been reached with the completion of the environment baseline survey (EBS) at the Victory gas discovery, northwest of the Shetland Islands. The upstream oil and gas investor holds a 49.99% interest in operator Corallian Energy Ltd which in turn owns a 100% interest in Victory. Corallian […]
Reabold notes extended gas licence for Parta
Reabold Resources plc said that an 18-month extension had been granted to its project interest in the Ex-10 Parta gas exploration licence in Romania. The investment company holds a 51% interest in Danube Petroleum Ltd, which holds a 100% interest in Parta (including 100% interest in the Parta sole risk area) and a 100% interest […]
Rathlin mobilises equipment for tests at West Newton B-1Z
Rathlin Energy (UK) Ltd said it had mobilised equipment to complete and test the West Newton B-1Z (WNB-1Z) sidetrack well in East Yorkshire. The site operator added that a workover rig, well test package, Certified Ultra-Low Emission Burners, a wireline unit and other related materials will be set up during the first week of operations. […]