RNS Number: 0734 D Reabold Resources PLC 21 June 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0724 D Reabold Resources PLC 21 June 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Reabold Resources Plc (RBD.L) Announced, in an update on the initial drilling results of the West Newton A-2 appraisal well, that the West Newton A-2 well was designed to appraise the discovery identified by the West Newton A-1 well, drilled in 2013/2014 within the onshore UK licence PEDL183, which is expected to be further tested with an extended well test during 3Q19. A Competent Person's Report prepared by Deloitte LLP Calgary, as at 1 June 2017, for Connaught Oil and Gas Limited confirmed Connaught's resource assessment for the licence following the drilling of the discovery well, in accordance with the Petroleum Resource Management System 2007. The initial assessment of the West Newton discovery was summarised at the time of the company’s investment in Rathlin, on 5 November 2018.
Reabold Resources (RBD.L) 1.02p £40.14m Reabold, the investing company which focusses on investments in pre-cash flow upstream oil and gas projects, provided further information in relation to the initial drilling results of the West Newton A-2 appraisal well, announced on 17 June 2019. The West Newton A-2 well was designed to appraise the discovery identified by the West Newton A-1 well, drilled in 2013/2014 within the onshore UK licence PEDL183, which is expected to be further tested with an extended well test during Q3 2019. A Competent Person's Report prepared by Deloitte LLP Calgary, as at 1 June 2017, for Connaught Oil and Gas Limited, confirmed Connaught's resource assessment for the licence following the drilling of the discovery well, in accordance with the Petroleum Resource Management System 2007. The initial assessment of the West Newton discovery was summarised at the time of Reabold's investment in Rathlin, on 5 Nov 2018.
RNS Number: 6792 C Reabold Resources PLC 19 June 2019 19 June 2019. Further information in relation to the West Newton A-2 appraisal well. The West Newton A-2 well was designed to appraise the discovery identified by the West Newton A-1 well, drilled in 2013/ 2014 within the onshore UK licence PEDL183, which is expected to be further tested with an extended well test...
Reabold Resources (RBD.L) 1p £38.2m Marlowe, the specialist services group focused on developing companies which assure safety and regulatory compliance, announced its audited results for the year ended 31 March 2019. Group revenue up 59% to £128.5m. Current 12 month run-rate revenues of approximately £175m Adjusted EBITDA up 53% to £11m Adjusted PBT up 53% to £8.9m Adjusted EPS up 34% to 18.8p Adjusted EBITDA for Risk Management & Compliance and Water Treatment & Air Quality up 37% and 75% respectively Underlying cash conversion 83% Pro forma net debt now <1x EBITDA following oversubscribed placing to raise £20m as announced on 22 May 2019
Reabold Resources Plc (RBD.L) Announced operations update in relation to the Iecea Mica-1 well, Romania. The company has a 37.5% interest via its shareholding in Danube Petroleum Limited. IM-1 will evaluate multiple gas zones mapped on 3D seismic including a flow tested gas zone and an uncontrolled gas flow in the historic discovery well. Construction works on the 1.6 km access road has been initiated. The drill site was partially flooded up till the 12th of June and hence not accessible with earthmoving machinery. Favourable weather conditions are expected to enable well site construction to commence on the 19th of June and completion on 19th of July.
Reabold Resources Plc (RBD.L) Announced operations update in relation to the Iecea Mica-1 well, Romania. The company has a 37.5% interest via its shareholding in Danube Petroleum Limited. IM-1 will evaluate multiple gas zones mapped on 3D seismic including a flow tested gas zone and an uncontrolled gas flow in the historic discovery well. Construction works on the 1.6 km access road has been initiated. The drill site was
RNS Number: 5813 C Reabold Resources PLC 18 June 2019 18 June 2019. Operations Update at Iecea Mica-1, Romania. Reabold, the investor in pre-cash flow upstream oil and gas projects, notes the Operations Update announced by ADX Energy Ltd in relation to the Iecea Mica-1 well, part of the Parta appraisal programme in Romania.
Reabold Resources (RBD.L) 1p £38.2m Reabold Resources an investing company investing in the exploration and production sector, announced a discovery at West Newton. Successful appraisal of onshore UK discovery, with both gas and liquid hydrocarbon volumes encountered Preliminary data suggests West Newton 2C Contingent Resources* is at least the pre-drill estimate of 189 Bcf (Billion Cubic Feet of Gas), the equivalent of 31.3mmbo (million barrels of oil) West Newton is potentially the largest UK onshore gas field and potentially the largest hydrocarbon discovery onshore UK since 1973, subject to further testing West Newton is near Hull where there is an abundance of production infrastructure Permitting in place for Extended Well Test planned for Q3 2019 Existing pre-Drill NPV for West Newton of $247m Deeper exploration target in the Cade by formation encountered hydrocarbon shows with an oil saturated core
Reabold Resources/Union Jack Oil Reabold with a 24% interest through its 36% stake in Rathlin Energy and Union Jack with its 16.665% stake have announced that the West Newton well is a discovery with both gas and liquids encountered which are ‘at least’ as big as the pre-drill estimate of 189 BCF of gas, equivalent to 31.3 mmbo. If proved this would make it potentially the largest UK onshore gas field and should the liquids prove to be oil rather than condensate then it would be the largest hydrocarbon since 1973. The net 65-metre hydrocarbon saturated interval that was encountered in the Kirkham Abbey formation indicates a substantial hydrocarbon accumulation including a significant liquids component as above which has significantly exceeded expectations. These expectations were based on the CPR done after the West Newton A-1 well which the initial petrophysical data set so far achieved from the A-2 well ‘correlates positively’ with, indeed as I understand it every single data point is better. I would assume that if such things as porosity, pay zones, and the absence of any water are good and if the core data shows good gas leakage then the previous CPR numbers could easily be surpassed, possibly by a good deal. The liquids component is also more than important to the economics of the field as they can be brought on stream more quickly than the gas and therefore bring in welcome revenue. Also it is worth bearing in mind that the well encountered hydrocarbon shows from the secondary Cadeby formation’with an oil saturated core’. Whilst I understand that this hasn’t been tested at this well there are two wells planned for the ‘B’ site where the company says that ‘optimal reservoir development is expected’, this may be code for testing of the Cadeby formation then. This well has clearly exceeded expectations on a number of levels and will give the participants multiple opportunities as to where to go from here. I would expect serious industry interest that would give an opportunity to farm-down should any of them wish to do so, having said that who would want to sell the goose that has just laid the golden egg? As I write Reabold shares are up 33% and Union Jack up 50% which is understandable given the need for profit taking after such a run but no way takes into account what value has been generated by this find for both these companies, transformational, I should say so…
RNS Number: 5058 C Reabold Resources PLC 17 June 2019. A second and final Price Monitoring Extension has been activated in this security. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 5047 C Reabold Resources PLC 17 June 2019. The auction call period has been extended in this security by 5 minutes. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Reabold Resources Plc TPI are pleased to provide its latest research note on Reabold Resources Plc (RBD.L) Preliminary data from the West Newton appraisal well suggests that the discovery is at least as big as the pre-drill estimate of 189 BCF of gas. This implies that West Newton could be the largest onshore UK gas field discovered since 1973, assuming that subsequent testing confirms the scale of the resource. Reabold holds an indirect interest of 24.7% through its 37.08% interest in the operator, Rathlin Energy (UK) Limited.
Reabold Resources Plc (RBD.L) Announced that the successful appraisal of onshore UK discovery, with both gas and liquid hydrocarbon volumes encountered and preliminary data suggests West Newton 2C Contingent Resources is at least the pre-drill estimate of 189 Bcf (Billion Cubic Feet of Gas), the equivalent of 31.3mmbo (million barrels of oil). The company added that West Newton is potentially the largest UK onshore gas field and potentially the largest hydrocarbon discovery onshore UK since 1973, subject to further testing and West Newton is near Hull where there is an abundance of production infrastructure as well as permitting in place for Extended Well Test planned for Q3 2019. Moreover, Existing Pre-Drill NPV (Net present value) for West Newton of $247 million and deeper exploration target in the Cadeby formation encountered hydrocarbon shows with an oil saturated core.
WestNewton is potentially the largest UK onshore gas field and potentially the largest hydrocarbon discovery onshore UK since 1973, subject to further testing
Preliminary data suggests West Newton 2C Contingent Resources is at least the pre-drill estimate of 189 Bcf (Billion Cubic Feet of Gas), the equivalent of 31.3mmbo (million barrels of oil) #UKgas
ReaboldPLC is pleased to announce positive results at the #WestNewton A-2 appraisal well, discovering potentially the largest UK onshore gas field
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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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