RE: rbd4 Oct 2021 12:08
Reabold Resources PLC, up 16% at 0.221p, 12-month range 0.15p-0.87p. Extends gains after 19% rally on Friday. Planning permission has been refused to enlarge its oil and gas drilling site in Yorkshire, but operator Rathlin Energy UK Ltd believes there is "strong basis for a successful appeal". The East Riding of Yorkshire Council Planning Committee rejected an application for the West Newton A well site expansion, which was refused by a narrow margin. Reabold holds a majority interest in Rathlin, the operator of the asset and majority shareholder in the project. Union Jack Oil also holds a minority stake. Union Jack shares are down 2.0%, having lost 1.9% on Friday.