Business
Completion of Rathlin Cash Investment
Completion of Rathlin Cash Investment.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2339S Reabold Resources PLC 05 November 2019 \n\n5 November 2019 \n \nReabold Resources Plc\n(\"Reabold\" or the \"Company\")\nCompletion of Rathlin Cash Investment\n \nReabold, the AIM investing company which focuses on investments in pre-cash flow upstream oil and gas projects, is pleased to announce that it has completed the Rathlin Cash Investment. Following the completion of the Rathlin Cash Investment, Reabold holds approximately 59 per cent. of Rathlin's issued share capital. \nUnless defined in this announcement, defined terms used in this announcement have the same meaning as set out in the Circular issued by the Company on 10 October 2019.\nStephen Williams, Co-CEO of Reabold, commented:\n\"We are pleased to have completed the Rathlin Investment, increasing Reabold's look through interest in West Newton to ca 39 per cent. Furthermore, Rathlin is now fully funded for an exciting 2 well programme at the West Newton B site planned to commence in Q1 of 2020. The first of these wells will further appraise the Kirkham Abbey formation, but also test the deeper Cadeby formation at a location prognosed to have good reservoir development. We look forward to the results of this near term drilling campaign.\" \n \n \n \n \nFor further information please contact:\n\n\n\nReabold Resources plc\nStephen Williams\nSachin Oza\n\n\nc/o Camarco\n+44 (0) 20 3757 4980\n\n\n\n\nStrand Hanson Limited (Nominated and Financial Adviser)\nJames Spinney\nRory Murphy\nJames Dance\n\n\n \n+44 (0)20 7409 3494\n \n\n\n\n\nStifel Nicolaus Europe Limited - Joint Broker\n \nCallum Stewart \n \nNicholas Rhodes\n \nAshton Clanfield\n \nCamarco\nJames Crothers\nOllie Head\nBilly Clegg\n\n\n+44 (0) 20 7710 7600\n \n \n \n \n \n+44 (0) 20 3757 4980\n \n\n\n\n\nWhitman Howard Limited - Joint Broker\nNick Lovering\nGrant Barker\n \n\n\n+44 (0) 20 7659 1234 \n\n\n\n\nTurner Pope Investments (TPI) Ltd - Joint Broker\nAndy Thacker\nZoe Alexander\n\n\n+44 (0) 20 3657 0050\n \n\n\n\n \nNotes to Editors\nReabold Resources plc is an investing company investing in the exploration and production (\"E&P\") sector. The Company's investing policy is to acquire direct and indirect int...