Reabold Resources Plc22 Aug 2019 08:10
Reabold Resources, the AIM-listed investing company which focusses on investments in pre-cash flow upstream oil and gas projects, is pleased to announce that it has increased its investment in Rathlin Energy (UK) Limited ("Rathlin"), the operator of the West Newton field, through participation in an advanced subscription agreement. Reabold currently holds a 24 per cent. economic interest in West Newton via its 36 per cent. holding in Rathlin and its ultimate economic interest will be confirmed once the next fundraising round is complete.