Union Jack Oil plc has sold for an undisclosed sum its 2.5% interest in the royalty agreement for the Claymore area in the central North Sea. COMPLEX In March 2021, the company signed the £93,730 deal for part of the royalty unit over 20% of the revenues from a complex comprising three fields of Claymore, […]
Tag: West Newton
West Newton concept plan focuses on eight gas wells
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 […]
Rathlin to store up to 490t of crude oil at West Newton
Rathlin Energy (UK) Ltd announced it expected to store up to 490 tonnes of crude at its West Newton PEDL183 joint venture hydrocarbon site near Hull, East Riding. PHASES The company is due to begin a public consultation over the coming months after the East Riding of Yorkshire Council’s screening opinion earlier this month considered […]
West Newton B-1Z oil drill surpasses expectations
The West Newton joint venture reported drill results exceeding expectations, suggesting the site could be the largest UK onshore hydrocarbon discovery since the 1970s. JOINT VENTURE Rathlin Energy UK (Ltd) has a 66.67% interest in PEDL183, and Reabold Resources plc investment company has a 59% share in Rathlin and a 16.665% direct licence share. Union […]
Rathlin continues plan for new wells at West Newton
Rathlin Energy (UK) Ltd said its proposals were moving forward for up to four new oil wells which would extend its hydrocarbon operations in West Newton, East Riding. The exploration and production company holds a 66 2/3% interest in PEDL 183 covering approximately 176,000 acres, with Union Jack Oil and Reabold Resources also holding interests. […]
Rathlin’s main oil drill rig arrives at West Newton-B
Rathlin Energy (UK) Ltd announced that the main drilling rig and associated equipment began mobilisation today at West Newton-B site in East Yorkshire. The equipment will be rigged up within two weeks before a borehole is drilled, 24 hours a day, to an approximate depth of 2,000 metres. The operation is expected to be completed […]