Business
Reabold California Update
Reabold California Update.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \nRNS Number : 6747R Reabold Resources PLC 04 March 2019 \n\n4 March 2019\n \nReabold Resources Plc\n(\"Reabold\" or the \"Company\")\n \nReabold California Update\n \n \nReabold is pleased to announce the access road at Monroe Swell has dried out after a prolonged period of severe weather conditions. Drilling equipment was delivered to the well pad throughout last week and the Burnett 2A well was spud on 2 March 2019. \n \nThis is the first of two wells at Monroe Swell that will be funded by Reabold in order for the Company to earn a 50% working interest in the acreage. The well is being operated by Integrity Management Solutions. \n \n \nSachin Oza, Co-CEO of Reabold, commented:\n\"We are delighted that improved weather has now allowed us to commence drilling at Monroe Swell and pursue the significant potential resource at that field. In the meantime, we continue to be impressed by the performance at West Brentwood, and we are actively considering the potential for additional wells to further accelerate the already impressive cashflow.\"\n \n \nThis announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.\n \nENDS\n \n\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 3781 8331\n\n\n\n\n \nStrand Hanson Limited (Nominated and Financial Advisor)\nRory Murphy\nJames Spinney\nJames Dance\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 3781 8331\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\n\n\n+44 (0) 20 3621 4120\n\n\n\n \n \nNotes to Editors\n \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 interests in exploration and producing projects and assets in the natural resources sector, and consideration is currently given to investment opportunities anywhere in the world. \n \nAs an investor in upstream oil &a...