Business
West Newton Test Programme Update
West Newton Test Programme Update.
About this update from Reabold Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8751T\n Reabold Resources PLC\n 30 March 2021\n \n \n \n \n 30 March 2021\n \n \n \n \n \n Reabold Resources plc\n \n \n (\"Reabold\" or the \"Company\")\n \n \n \n \n \n West Newton Test Programme Update \n \n \n \n \n \n Reabold, the investor in upstream oil and gas projects, is pleased to provide an update on the planned testing programmes at West Newton. \n \n \n \n \n \n Reabold holds a ca. 56 per cent. economic interest in West Newton via its ca. 59 per cent. shareholding in Rathlin Energy (UK) Limited (\"Rathlin\"), which, in turn, has a 66.67 per cent. interest in PEDL183. In addition, Reabold has a 16.665 per cent. direct licence interest in PEDL 183. The licence contains the conventional West Newton A-1 (\"WNA-1\") discovery well and the successful West Newton A-2 (\"WNA-2\") appraisal well, along with the recently drilled West Newton B-1Z (\"WNB-1Z\") discovery.\n \n \n \n \n \n Highlights: \n \n \n ·\n Draft Environmental Agency permit received for completion, well clean-up and extended well test (\"EWT\") at WNB-1Z and additional well at West Newton B (\"WNB\")\n \n \n ·\n First phase of evaluation, including Cased Hole Logging Programme and Vertical Seismic Profiling, of WNB-1Z to commence in April 2021\n \n \n ·\n Processing and interpretation of data expected to take two weeks and will inform completion, well clean-up and EWT operations for WNB-1Z well\n \n \n ·\n Preparations for updated CPR at West Newton in progress \n \n \n \n \n \n Environmental Agency Permit\n \n \n \n \n \n The Operator of PEDL183, Rathlin, applied to vary the West Newton B Wellsite Permit and has recently received a draft of the varied permit from the Environmental Agency (\"EA\") which will accommodate completion, well clean-up and EWT operations. This permit includes the WNB-1Z well and an additional well planned for the West Newton B site.\n \n \n \n \n \n An EA permit is already in place at the West Newton A site which includes further well clean-up and EWT operations on the WNA-2 well.\n \n \n \n \n \n Cased Hole Logging Programme (\"CHLP\") and Vertical Seismic Profiling (\"VSP\") Survey\n \n \n \n \n \n The first phase of the evaluation programme on the WNB-1Z discovery well is planned to commence in April 2021 and will initially be comprise...