West Newton Operations Update
Reabold, the investor in upstream oil and gas projects, is pleased to announce an operations update in respect of the West Newton B-1Z ( WNB-1Z ) conventional appraisal well, operated by Rathlin Energy (UK) Limited ( Rathlin ).
Reabold holds a ca. 56 per cent. economic interest in West Newton via its ca. 59 per cent. shareholding in Rathlin, which, in turn, has a 66.67 per cent. interest in PEDL183. In addition, Reabold has a 16.665 per cent. direct licence interest in PEDL183. The licence contains the conventional West Newton A-1 ( WNA-1 ) discovery well and the successful West Newton A-2 ( WNA-2 ) appraisal well, along with the recently drilled West Newton B-1Z ( WNB-1Z ) discovery.
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