Business
Operational Update
Operational Update.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \nRNS Number : 9461G Reabold Resources PLC 29 July 2019 \n\n29 July 2019\n \nReabold Resources Plc\n \n(\"Reabold\" or the \"Company\")\n \nOperational Update\n \n \nReabold, the AIM investing company which focusses on investments in pre-cash flow upstream oil and gas projects, is pleased to provide the following update across its portfolio: \n \nHighlights:\n \n· Rig mobilisation and drilling for Parta well expected to begin imminently\n· Both VG-4 and VG-3 now in permanent production \n· Permits secured for up to three additional wells at West Brentwood\n· Rig site survey commenced for Curlew-A\n \n \nDanube Petroleum\n \nAs announced on 30 May 2019, activities have commenced for drilling the Iecea Mare 1 (\"IM-1\") well. Since then, the access road construction has been completed and the drill pad site works have commenced with completion planned to be concurrent with the rig mobilisation. Additionally, all major equipment items have been delivered. The well conductor pipe has been pre-installed in preparation for drilling. Rig mobilisation is expected to commence imminently, with well spud approximately 8 days later following the completion of rig assembly, testing and commissioning. \n \n \nCalifornia\n \nWest Brentwood\n \nAt West Brentwood, the VG-4 well was put onto permanent production on 26 July 2019, following a successful 'hot tap' to tie into an existing gas pipeline in the vicinity of the field. As announced on 28 January 2019, initial production testing at VG-4 saw the well produce at a choked level of 480 bopd and 742 thousand cubic feet per day of gas. Both the VG-3 and VG-4 wells at West Brentwood are now in production. \n \nPermits for up to three additional wells at West Brentwood have now been secured. Given the success and prolific production rates seen at West Brentwood, Reabold, along with JV partner Sunset Exploration and contract operator Integrity Management Solutions, (\"IMS\"), is considering whether the next well at West Brentwood should be accelerated within the California drilling schedule. \n \nMonroe Swell\n \nAs announced on 11 March...