Reabold Resources Site construction works will commence at West Newton B drilling site

Reabold Resources Plc (LON:RBD), the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, today noted that Rathlin Energy (UK) Limited, the operator of PEDL183, communicated the following to local residents as part of its participation in the West Newton Community Liaison Group.  Reabold has an effective 39 per cent. economic interest in PEDL183 and West Newton, via its 59 per cent. equity interest in Rathlin:

“We hope you and your families are safe, healthy and managing under the current circumstances.

This update is to let you know that we are moving our programme of works forward, in line with the latest government and public health guidance on Covid-19. We continue to follow the advice closely.

West Newton A

We secured a permit variation from the Environment Agency on Friday 24th April 2020. This enables us to recommence our well test using a pumpjack (nodding donkey) and a smaller incinerator unit. Once the required personnel and equipment are available the testing operations will recommence.

West Newton B


Pre-construction works started during the week commencing 6 April 2020. To date, additional land drainage has been installed in the affected fields. Two water monitoring boreholes, which are a condition associated with our West Newton B Environment Agency permit, have also been installed and baseline sampling will be undertaken.

On 4 May 2020, work commenced on the construction of the West Newton B access track. This activity is the subject of an archeological watching brief and is expected to take five to six weeks. Road closures, agreed by East Riding of Yorkshire Council, have been instated for safety reasons on Pasture Lane. Our traffic management plan for the construction phase of operations is now in effect and works are restricted to Monday to Saturday between the hours of 07:00 and 18:00.

In due course, site construction works will commence on the West Newton B drilling site. This work will include a full archeological strip, map and record study, following which, site construction will begin. The site construction works are anticipated to take between five and six weeks.

Drilling of the West Newton B-1 well will commence following the completion of the access track and site construction activities and the conductor setting operations.

During the course of these operations, we will keep our community neighbours informed of our activities through website updates, the West Newton Liaison Committee and other periodic notices. We are, of course, available to address any questions or concerns.”

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Facebook
    Twitter
    LinkedIn
    Reabold Resources plc

    More articles like this

    Reabold Resources plc

    Oil Extends Rally

    Oil rose toward $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month. Brent futures added as much as 2.6% and are heading for their longest

    Reabold Resources plc

    Oil Prices Rise Today

    Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week. Brent crude futures rose

    Reabold Resources plc

    Oil Prices Rise As Supply Shrinks

    Oil prices rose early on Tuesday as market participants believed that improving demand and more supply coming off would ease the glut faster than expected. As of 10:37 a.m. EDT on Tuesday, WTI Crude was up 2.44 percent

    Reabold Resources plc

    Reabold Resources acquires a further 16.665% in West Newton

    Reabold Resources PLC (LON:RBD), the AIM investing company which focuses on investments in upstream oil and gas projects, has today announced the conditional acquisition of an additional 16.665 per cent. interest in the onshore UK licence

    Reabold Resources plc

    US oil futures settle higher

    U.S. benchmark oil futures settled higher on Tuesday, getting a lift from global supply cuts and signs of improving demand, following a volatile trading session that ended with the expiration of the June contract. West Texas

    Reabold Resources plc

    Oil Prices Jump On Surprise Crude Inventory Draw

    Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 700,000 barrels for the week to May 8. This compared with a build of 4.6 million barrels for the previous week. The American

    Reabold Resources plc

    Oil futures rise on Tuesday

    Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June in a bid to help drain the glut in the global market that has built up as

    Reabold Resources plc

    US oil jumps 30%

    US crude prices shot higher in another day of volatile trading on Wednesday, as traders bet that the gradual reopening of some western economies would ease the most dramatic collapse in oil demand in history. West

    Reabold Resources plc

    Reabold Resources outlines upcoming plans

    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,

    Reabold Resources plc

    Oil prices climb before OPEC+ talks

    Oil prices climbed on Thursday, hours before the world’s largest oil producers are scheduled to meet to discuss output cuts as the coronavirus pandemic ravages demand. Brent crude futures rose 2.5 percent or 81 cents to

    Reabold Resources plc

    Oil rises 3% on hopes for output cut

    Oil prices gained on Tuesday as hopes rose that the world’s biggest producers of crude will agree to cut output as the coronavirus pandemic crushes demand, even as analysts warn a global recession may be deeper