The update on the West Newton is notable in detailing a potentially material oil discovery, as well as the long-mooted gas discovery. In particular, the operator (Rathlin Energy) has now confirmed that the West Newton project contains an estimated gross 151 feet oil column located below a gross 66 feet gas column within the Kirkham Abbey formation. Deloitte will now be commissioned to prepare a CPR to assess volumetrics at West Newton and to undertake an economic evaluation applicable to a ma
29 Aug 2019
Positive drilling at West Newton
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Positive drilling at West Newton
Reabold Resources plc (RBD:LON) | 0.1 0 0.0% | Mkt Cap: 7.90m
- Published:
29 Aug 2019 -
Author:
Andy Murphy -
Pages:
3
The update on the West Newton is notable in detailing a potentially material oil discovery, as well as the long-mooted gas discovery. In particular, the operator (Rathlin Energy) has now confirmed that the West Newton project contains an estimated gross 151 feet oil column located below a gross 66 feet gas column within the Kirkham Abbey formation. Deloitte will now be commissioned to prepare a CPR to assess volumetrics at West Newton and to undertake an economic evaluation applicable to a ma