RE: Extremely encouraging results23 Aug 2021 14:43
It was current at 21st July, so in that respect it's the latest information
Stephen Williams, co-CEO of Reabold, commented:
"We are very encouraged by the indications of permeability within the system, and of course by the initial recovery of hydrocarbons to surface. We look forward to continued clean up of completion fluids from the well, putting us in a position to assess hydrocarbon flow potential. Along with planned testing of additional zones and of the A-2 well, the test will provide key data inputs into the ultimate development plans at West Newton, including the drilling of the deviated well at B-2."
Qualified Person's Statement
Pursuant to the requirements of the AIM Rules - Note for Mining and Oil and Gas Companies, the technical information contained in this announcement has been reviewed by Dr Jeremy Jarvis as a Qualified Person. Jeremy has more than 35 years' experience as a petroleum geologist, holds a BSc in Geology from the University of Dundee and a Ph.D. from Imperial College, University of London. He is a member of the American Association of Petroleum Geologists and the Petroleum Exploration Society of Great Britain.