Reabold Resources Plc (RBD.L) Announced the conditional acquisition of an additional 16.665 per cent. interest in the onshore UK licence PEDL 183 (the "Licence") (the "Acquisition"), which contains the West Newton field, from Humber Oil & Gas Ltd ("Humber"). #RBD
£5 million Discretionary Cash Facility. Reabold, the AIM investing company which focuses on investments in upstream oil and gas projects, is pleased to announce the conditional acquisition of an additional 16.665 per cent. interest in the onshore UK licence PEDL 183, which contains the West Newton field, from Humber Oil& Gas Ltd.. ·Acquisition funded by cash...
RNS Number: 6827 M Reabold Resources PLC 12 May 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 7038 L Reabold Resources PLC 04 May 2020 4 May 2020. Positive Decision for Extended Well Test at West Newton. Reabold, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, notes that Rathlin Energy Limited, the operator of PEDL183, communicated the following to local residents as part of its...
RNS Number: 3656 L Reabold Resources PLC 29 April 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3656 L Reabold Resources PLC 29 April 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Reabold #RBD /Union Jack #UJO - Slipped by yesterday after all the calls etc was that Rathlin Energy, as operator for the West Newton EWT has received a positive decision from the EA with regard to the well test. The ‘variation’ to the permit from the EA will allow Rathlin to use mechanical methods such as pumpjack/nodding donkey for wellbore fluids and for utilisation of a smaller incineration unit during the testing of the WNA-2 well. This test is aimed at optimising evaluation of the famous oil column discovered at West Newton but is waiting on the virus to go ahead. For me this is a modest piece of good news from WNA which it the long run will pay out and both companies are very well placed in a market where it is difficult to shine.
Reabold Resources 0.4p £26.9m (RBD.L) Positive decision document in respect of the testing of the West Newton A-2 well ("WNA-2") on PEDL183 has been received from the Environment Agency by Rathlin Energy (UK) Limited , the Operator. This variation will allow Rathlin to use mechanical methods (pumpjack/nodding donkey) for lifting wellbore fluids and for the utilisation of a smaller incineration unit during the testing of the WNA-2 well. Testing operations at West Newton will recommence once government guidance pertaining to COVID-19 permits, the required personnel and equipment become available, and the continued health and safety of Rathlin employees, contract personnel and the community can be ensured. #RBD
Reabold Resources Plc #RBD announced that a positive decision document in respect of the testing of the West Newton A-2 well ("WNA-2") on PEDL183 has been received from the Environment Agency ("EA") by Rathlin Energy (UK) Limited ("Rathlin"), the Operator. Rathlin, on April 24, 2020, received a decision document from the EA, granting a variation to the permit for the West Newton "A" Site and associated WNA-2 testing operations. This variation will allow Rathlin to use mechanical methods (pumpjack/nodding donkey) for lifting wellbore fluids and for the utilisation of a smaller incineration unit during the testing of the WNA2 well. During drilling and early testing operations of the WNA-2 well, additional information was gathered that improved the understanding of the targeted Kirkham Abbey (KA) reservoir leading to the identification of a potential oil leg overlain by an associated gas cap within the reservoir interval pursuant to the RNS issued on 29 August 2019. Accordingly, this redesigned test programme has been optimised to evaluate the identified oil column.
RNS Number: 8802 K Reabold Resources PLC 27 April 2020 27 April 2020. Positive Decision for Extended Well Test at West Newton. Reabold, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, is pleased to announce that a positive decision document in respect of the testing of the West Newton A-2 well on PEDL183 has...
RNS Number: 0165 K Reabold Resources PLC 17 April 2020 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Reabold Resources Plc #RBD announced that site preparation with local contractors for the IMIC-2 well have already commenced in preparation for future drilling operations planned in Q3 2020. The IMIC-2 well has a planned total depth of 2,200 metres with approximately 23 days to drill and evaluate. Danube has deferred the testing of the successful IMIC-1 well given that some of the required services need to be imported from neighbouring Hungary. Since late March, Romania has closed its borders restricting access to essential personnel and imported goods. At this stage, Danube expects that Romanian borders will remain closed until mid-May and currently anticipates the testing programme to take place in June 2020. Once the borders re-open and testing can take place, it is expected that IMIC-1 will be completed as a future production well to minimise cost to commercial production and better preserve reservoir integrity. Testing will concentrate on the Pannonian IV sand, which is a proven reservoir and has the greatest reserves potential. The 3D seismic acquisition is expected to commence in July 2020 (subject to COVID-19 border closures being lifted) when all environmental and regulatory approvals have been secured, with 90% of permits having been obtained. The Parta 3D programme is likely to generate high quality appraisal and exploration targets and the acquisition is expected to be completed within 40 days from the commencement date.
Reabold Resources 0.44p £29.6m (RBD.L) Update on the 2020 Work Programme on the Parta Licence Area, onshore Romania. The Work Programme is planned by Danube Petroleum Limited , which has a 100 per cent. interest in the Parta Sole Risk Area and will have a 50 per cent. interest in the Parta Exploration Licence. Reabold holds a 50.8 per cent equity interest in Danube. Site preparations have commenced at the IMIC-2 drill site with drilling on track for Q3 2020. Testing of IMIC-1 now expected to commence in June 2020 due to COVID-19 border closures. 3D seismic acquisition expected to commence in July 2020. Danube is fully funded for testing and appraisal drilling activities and 3D seismic acquisition will be funded by Parta Energy Ltd. #RBD
RNS Number: 8064 J Reabold Resources PLC 16 April 2020 16 April 2020. Reabold, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, is pleased to provide an update on the 2020 Work Programme on the Parta Licence Area, onshore Romania. The Work Programme is planned by Danube Petroleum Limited, which has a 100 per cent....
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Reabold Resources is an investor in near-term, high growth upstream oil & gas projects where its injection of capital will facilitate near term activity. Each investment the Company makes must have low drilling risk and a clear exit strategy. Reabold invests in operating companies whose main value driver is the oil & gas asset of interest. Reabold can thereby run a low-cost, non-operator business model where the monetisation versus the entry price of the oil & gas projects it invests in will be the key determinant of value.

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