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Reabold’s (LON:RBD) partner Rathlin Energy discusses development insights with West Newton Community Liaison Group

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Highlights

  • Reabold Resources’ (LON:RBD) partner Rathlin Energy interacted with the West Newton Community Liaison Group (CLG) regarding the development of the West Newton project.
  • Rathlin's ongoing plans are based on the analysis and interpretation by CoreLab, Applied Petroleum Technology (“APT”) and RPS (engineering firm).
  • As per tests, oil-based drilling fluid is more appropriate for the Kirkham Abbey reservoir.

 

UK-based upstream oil and gas investment firm Reabold Resources (LON:RBD) recently updated the market about a meeting between Rathlin Energy (UK) Limited ("Rathlin") and West Newton Community Liaison Group (CLG). The meeting took place at West Newton B ("WNB") site, where CLG members were given an update on Rathlin's work.

Reabold holds a 59% stake in Rathlin, the operator of PEDL183 and the West Newton Field, and 16.665% direct interest in the PEDL183 project, taking its total economic interest to ~56%.


 

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