Business
Update on Colter and Wick Projects
Update on Colter and Wick Projects.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \nRNS Number : 7015V Reabold Resources PLC 25 July 2018 \n\n25th July 2018 \n \nReabold Resources Plc\n(\"Reabold\" or \"the Company\")\n \nUpdate on Colter and Wick Projects\n \nReabold is pleased to announce that Authorisation for Expenditures (AFEs) have been signed for both the Wick well in the Inner Moray Firth and the Colter well in the Weald basin. Reabold has significant exposure to each of these wells via its 32.9% holding in operator Corallian Energy.\nSubject to final regulatory approvals, the Wick well will drill in September, with the Colter well following in Q4 this year. \n \nSachin Oza, co-CEO commented:\n\"We are delighted that the JVs for both Colter and Wick have progressed to the AFE stage, and look forward to drilling both of these potentially transformational wells within the next few months.\"\n \nStephen Williams, co-CEO commented:\n\"Colter and Wick form an exciting part of our six well drilling campaign in H2'18. We are very pleased to note that following our initial funding of Corallian late last year, a number of partners have followed into both the Colter and Wick prospects, giving us two fully funded wells at significant equity levels.\"\n \n \nENDS\n \nFor further information please contact:\n \n\n\n\nReabold Resources plc\nStephen Williams\nSachin Oza\n \n\n\nc/o Camarco\n+44 (0) 20 3757 4980\n\n\n\n\nBeaumont Cornish Limited\nRoland Cornish\nJames Biddle\nFelicity Geidt\n \n\n\n+44 (0) 20 7628 3396\n\n\n\n\nCamarco\nJames Crothers\nBilly Clegg\nOllie Head\n \n\n\n+44 (0) 20 3757 4980\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\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END UPDFKPDBOBKKKOB\n ","length":4542,"tagName":"div"}]