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 […]
Tag: Reabold Resources plc
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. […]
West Newton JV orders CPR for oil and gas wells
The joint venture (JV) partners at the West Newton oil and gas discoveries have ordered a competent person’s report (CPR) for WNA-1, WNA-2 and WNB-1Z wells in the East Riding of Yorkshire. Gaffney, Cline & Associates Limited will carry out the CPR following completion of the imminent well testing programme of the WNB-1Z and WNA-2 […]
Reabold completes offer for additional Victory interest
Reabold Resources plc said it had completed its offer for additional Corallian Energy Ltd shares, which could increase its interest from 36.87% to 49.99% in the Victory gas discovery, West of Shetland. The deal involves the acquisition of shares from existing Corallian shareholders in exchange for Reabold shares at a ratio of 474 Reabold shares […]
Reabold targets stronger hold in Victory discovery
Investment company Reabold Resources plc has offered to acquire additional shares in Corallian Energy Ltd, which could increase its interest from 36.87% to 49.99% in the Victory gas discovery, West of Shetland. The offer will see the acquisition of up to 13.12% of Corallian shares from existing Corallian shareholders, in exchange for Reabold shares, at […]