The West Newton joint venture (JV) said its conceptual development plan is focused mainly on gas with eight phased wells targeting 35 million barrels of oil equivalent with 203 billion cubic feet (bcf) sales at the project in East Yorkshire. JOINT VENTURE The JV comprises Reabold Resources plc with 56% economic interest via its 59% share in […]
Tag: Reabold Resources plc
Reabold approved equity exchange with Daybreak
Reabold Resources plc said that shareholders had backed the equity exchange agreement over its California assets with Daybreak Oil and Gas Inc. TERMS The company’s subsidiary Reabold California LLC comprises two licence areas of Monroe Swell and West Brentwood. The deal will see the subsidiary become a wholly owned subsidiary of Daybreak whose shareholders approved […]
Reabold appoints Chris Connolly as CFO
Reabold Resources plc has appointed Chris Connolly as chief financial officer. Mr Connolly has more than 16 years’ experience in the resource industry and joins the company from EnQuest plc, where he was group financial controller. He has worked across the resources industry having initially trained at Ernst & Young LLP before moving to Canamens […]
Reabold to acquire six North Sea licences from Corallian
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 & […]
Drilling, production and more time granted for West Newton JV
Rathlin Energy (UK) Ltd has been granted permission for drilling, production and more time for further exploratory drilling at its West Newton oil and gas joint venture in East Yorkshire. APPLICATIONS The operator can conduct drilling and production at the West Newton A site for 20 and have a further three years for further exploratory […]
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 […]