Upstream oil and gas investment company Reabold Resources updated the market on the start of preparatory activity ahead of drilling at the West Newton B site in PEDL 183, onshore UK on Wednesday.
The AIM-traded firm said that, following the oil and gas discovery made at the West Newton A-2 in 2019, the focus of activity on the license would be on appraising the “potentially significant” resources that had been discovered, as well as testing further potential in the identified exploration targets.
Reabold Resources plc (LON:RBD) is an investor in near-term, high growth upstream oil & gas projects where an injection of its capital facilitates near-term activity. Reabold’s assets include Monroe Swell, West Brentwood & Grizzly Island, in California, US and West Newton in the UK.