Reabold blames “political instability” for West Newton delays
Reabold Resources has blamed “political instability in the UK” for delays at its West Newton gas development.
West Newton
Reabold Requisition group pledges to stop ‘knee jerk’ decision making
One of the individuals hoping to takeover control of oil and gas firm Reabold Resources (LON: RBD) say they plan to “stop the knee jerk” decision making.
New well ‘suggests’ West Newton is biggest UK onshore discovery since 1973
London-listed Reabold Resources said today that new drilling operations “further suggested” the West Newton field in east Yorkshire is the largest UK onshore oil and gas discovery since the 1970s.
Peak oil and the opportunity for low carbon prospects
This week, BP projected that global demand for oil may have peaked in 2019 and that we shouldn’t ever expect demand to recover to pre-COVID-19 levels. On the face of it, BP’s analysis is stark, with global demand for oil reducing in all three of its scenarios over the next thirty years.
Updated: Deltic Energy ‘unequivocally rejects’ £12.3m takeover bid from Reabold Resources
Deltic Energy, formerly Cluff Natural Resources, has “unequivocally rejected” a £12.3million bid from Reabold Resources to acquire a controlling stake in the business.
Doing deals in lockdown – signs of encouragement in the gloom
Our client Humber Oil & Gas’ divestment of its interest in one of the largest UK onshore hydrocarbon discoveries may have been our second oil and gas deal of 2020, but it was the first we conducted wholly remotely, thanks to UK lockdown rules.
West Newton onshore oil discovery could be ‘largest in UK’
The resources of a major onshore oil find have been upgraded, with analysts saying it could become the “largest” of its kind in the UK.
Reabold to invest £3m in Rathlin Energy
Reabold Resources will invest £3 million Rathlin Energy in exchange for a 37.08% equity interest in the firm.