RE: Rathlin update13 Jul 2021 15:45
Albino and from their last report and before VG6 was on production, what would the Value be now at least half of the current MCAP for the whole company.
Net to Reabold, the report attributed an NPV(10) value of US$19.31m associated with only the PDPs at the VG-3 and VG-4 locations and the PUDs at the upcoming VG-5 location.
In January 2020, the VG-6 well, the third well on the West Brentwood licence was drilled to a measured depth of approximately 1,455 metres. VG-6 encountered oil and gas shows at the target interval, consistent with pre-drill expectations. The well was tested at 350 mmscf/d and was put on permanent production, with gas produced from VG-6 being sold utilising existing pipeline infrastructure constructed by Reabold and its partners in California.