Reabold has announced this morning that although the Colter appraisal well hasn’t tested the principle Colter North target yet, it has encountered oil in Colter South. The well will now be sidetracked and we should get the results in c2 weeks. Its too early to update our numbers, but whilst a question still remains on volumes for Colter North, this is very encouraging for the area and proves up additional volumes.
25 Feb 2019
Encounters oil at Colter South
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Encounters oil at Colter South
Reabold Resources plc (RBD:LON) | 0.1 0 (-8.3%) | Mkt Cap: 8.41m
- Published:
25 Feb 2019 -
Author:
Jessica Saadat -
Pages:
3
Reabold has announced this morning that although the Colter appraisal well hasn’t tested the principle Colter North target yet, it has encountered oil in Colter South. The well will now be sidetracked and we should get the results in c2 weeks. Its too early to update our numbers, but whilst a question still remains on volumes for Colter North, this is very encouraging for the area and proves up additional volumes.