Reabold Resources Share Discussion Threads

[tunley] 02/6/2024 20:25

I wish. Somewhere in the small print it says Rathlin are talking to NSTA re an extension. I tell you, this share is a master class in jam tomorrow, whilst being diluted to weak ribera... Still holding like the idiot optimist I am.

[archie222] 02/6/2024 17:17

"The joint venture has a commitment to the North Sea Transition Authority ("NSTA") to drill and test a new Kirkham Abbey deviated or horizontal well by June 2024 and to recomplete or sidetrack and test one of the existing wells in that same timeframe."

June already? As it's later rather than sooner with RBD am expecting some sort of WN update towards the end of the month.

[tnt99] 02/6/2024 06:45

It will be drilled in the fourth quarter according to Union Jack oil

[markfrankie] 01/6/2024 23:50

13471 Jun '24 - 07:41 - 22994 of 22995
0 2 0
If Raithlin as the operator can't or won't fund the agreed development then the NSTA may well re-assign their licence as the agreement has been breached. Can't pay, we'll take it away basis.

[squiresquire] 31/5/2024 07:39

Just dropped in to see if reults showed any promise to buy back in....no, not yet, At least teh two boys are still being paid which is nice to see, and despite not getting anywhere so far Rathlin are still trying to raise the money to go ahead and drill, so thats nice. Morning Uggy hows the Carehome plan going?

[steelwatch] 31/5/2024 07:22

The joint venture has a commitment to the North Sea Transition Authority (“NSTA”) to drill and test a new Kirkham Abbey deviated or horizontal well by June 2024 and to recomplete or sidetrack and test one of the existing wells in that same timeframe. As mentioned above, drilling of the first development well is subject to Rathlin securing funding. There is an active process underway to assess options to source funding for Rathlin’s share of the cost, including through a farmout, or through further investment from Reabold, which, following the receipt of the proceeds from Shell, the Company could potentially provide, in addition to funding its own share. As a result of Rathlin’s funding shortfall, drilling of the first development well will not be completed prior to June 2024. Rathlin, as operator, has initiated discussions with the NSTA to defer the deadlines for these commitments.

[steelwatch] 31/5/2024 07:10

Annual Results are in for chewing over folks

[uggy100] 30/5/2024 19:24

So do we think WN will ever be drilled ?

[aslamqadri] 30/5/2024 07:52

West Newton or bust The way things are going not looking good long run

[uggy100] 29/5/2024 23:34

So very quiet on here.

[dan de lion] 25/5/2024 09:39

Mimimum share price proposed for stocks to remain in the market:-

[uggy100] 24/5/2024 12:14

Yes a pointless RNS from 2 pointless ceo's.
They are the lowest of the low.

[greypanther2] 24/5/2024 10:21

I reckon this is a pretty pointless RNS. Why was a carbon intensity study undertaken for a gas discovery that has never yet tested at anything like a commercial rate, which Rathlin (the operator) apparently can't afford to appraise, and for which the controlling shareholder (Reabold) doesn't seem to know what they are doing?

[32campomar] 24/5/2024 08:44

I've said it before & I'll say it againWest Newton will never get drilled when Labour win power. There will be a ban on any new oil & gas drilling, and they have made that very clear. The 2 incompetent fools who run this company have messed around for so many years, they have only themselves to blame.

[markfrankie] 24/5/2024 08:17

WN's AA 'or for sale sign is up'

[currypasty] 24/5/2024 08:15

dont even mention actually drilling it

[tnt99] 24/5/2024 08:11

All very well but when are they going to start drilling the well!!!!

[currypasty] 24/5/2024 07:59

still waiting for 'Rathlin have secured funding'

[giantpeach2] 24/5/2024 07:33

24 May 2024



Reabold Resources plc



("Reabold" or the "Company")



West Newton awarded AA rating for Carbon Intensity



Reabold Resources plc, the investing company focussed on developing strategic gas projects for European energy security, is pleased to publish the positive conclusions of a Carbon Intensity Study on the West Newton gas development, located within PEDL183 onshore UK in East Yorkshire, undertaken on behalf of Reabold and Union Jack Oil plc by GaffneyCline & Associates Limited ("GaffneyCline"), an international petroleum and energy consultancy. The report on the Carbon Intensity of the West Newton Field can be found at the following link: hxxps://reabold.com/investors/reports-presentations/

Reabold holds a ca. 56% economic interest in West Newton and PEDL183 via its 16.665% licence interest in PEDL183 and a 59% shareholding in Rathlin Energy (UK) Limited ("Rathlin"), the operator of the Joint Venture, which, in turn, has a 66.67% interest in PEDL183.

The GaffneyCline study highlighted the following:

· The West Newton project has an AA rating for Carbon Intensity for its potential upstream gas and condensate production, the lowest possible carbon intensity rating category on GaffneyCline's scale

· The West Newton field has a Carbon Intensity significantly lower than the UK average and onshore and offshore analogues. It is also significantly lower than the average imported liquified natural gas (LNG), based on the NSTA Natural Carbon Footprint Analysis published in July 2023

· Based on the study, GaffneyCline estimates that West Newton could produce the equivalent of just 2.87 grams of CO2 per megajoule of energy developed (gCO2eq./MJ)

· As the development proceeds and project knowledge increases, there is potential to improve the Carbon Intensity by further reducing fugitive, flaring and venting emissions and by gas-to-grid development, reducing on site gas and condensate processing, and using the shortest possible route to the National Grid

Carbon Intensity Rating for West Newton Gas Development Concept

A graph of energy efficiency Description automatically generated

Source: GaffneyCline

[simon_64] 23/5/2024 16:36

Well lets hope we hear something decent for us long suffering shareholders in the results and have many more blue days.

A.T.B boys and girls.

[wotts] 23/5/2024 11:22

Thanks Steel, correct page? Don't think we need a tanker or ocean survey, yet.