Business
Corallian Energy - Award of Five Licences
Corallian Energy - Award of Five Licences.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1462B Reabold Resources PLC 05 June 2019 \n\n5 June 2019\n \nReabold Resources Plc\n(\"Reabold\" or \"the Company\")\n \nCorallian Energy - Award of Five Licences\n \nReabold, the investor in pre-cash flow upstream oil and gas projects, is delighted to announce that Corallian Energy Limited (\"Corallian\"), in which the Company owns a 32.9 per cent. interest, has been offered five new licences by the Oil and Gas Authority as part of the UK 31st Offshore Licensing Round. \n \nThree of these new licences have been awarded with joint venture partners, while the other two have been offered on a 100 per cent. interest basis. \n \nThe five licences comprise 22 blocks and part blocks, including one in the English Channel (49 per cent. interest), two in the Inner Moray Firth (40 per cent. interest each), one in the Viking Graben (100 per cent. interest) and one in the West of Shetland basin (100 per cent. interest). \n \nSachin Oza, Co-CEO of Reabold, commented: \n\"The fact that Corallian has been awarded 22 new blocks and part blocks out of a total of just 144 demonstrates the significant capability and experience of its management team in identifying opportunities. In particular, the award of blocks around the Colter discovery is a highly important step for Corallian in realising further potential in the area and ultimately generating value for Reabold shareholders.\"\n \nThis announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.\n \nENDS\n \n \nFor further information please contact:\n \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\n \nStrand Hanson Limited (Nominated and Financial Advisor)\nJames Spinney\nRory Murphy\nJames Dance\n \n \n\n\n \n+44 (0)20 7409 3494\n \n \n \n\n\n\n\nCamarco\nJames Crothers\nOllie Head\nBilly Clegg\n \n\n\n+44 (0) 20 3757 4980\n\n\n\n \n\n\n\nWhitman Howard Limited - Joint Broker\nNick Lovering\nGrant Barker\n \n \n\n\n+44 (0) 20 7659 1234 \n\n\n\n\nTurner Pope Investments (TPI) Ltd - Joint Broker\nAndy Thacker\n\n\n+44 (0) 20 3621 4120\n\n\n\n \nNotes to Editors\n \nReabold Resources plc is an investing company investing in the explora...