RNS out16 Feb 2026 11:31
Reabold Resources PLC West Newton Update
16/02/2026 11:30am
RNS Regulatory News
RNS Number : 1867T
Reabold Resources PLC
16 February 2026
16 February 2026
Reabold Resources plc
("Reabold" or the "Company")
West Newton Update
Reabold Resources plc, the investing company focused on developing strategic gas projects for European energy security, confirms the following update on the West Newton gas field, located within PEDL183 (the "Licence"), onshore UK in East Yorkshire.
England's environmental regulator, the Environment Agency ("EA"), has issued Rathlin Energy (UK) Limited ("Rathlin"), operator of the Licence, the variation to the permit for the West Newton 'A' Well Site allowing for the recompletion works to be carried out at the West Newton A-2 ("WNA-2") well subject to certain pre-operational conditions. This is a key regulatory milestone on the path toward development and eventual production of the West Newton gas field.
The Company believes that the planned recompletion of the WNA-2 well is a low risk and low cost activity that will further derisk the project and provide important information in optimising future production wells.
The Company is confident that West Newton will prove to be an important strategic asset to the UK as the country looks to secure domestic energy supply and affordable energy.
Reabold holds a c.69.9% economic interest in West Newton and PEDL 183 via its c.79.8% shareholding in Rathlin, which, in turn, has a 66.67% interest in PEDL 183. In addition, Reabold has a 16.665% direct licence interest in PEDL 183.
Rathlin's full announcement can be viewed here: https://www.rathlin-energy.co.uk/latest-update/
Sachin Oza, Co-CEO of Reabold commented:
"We are delighted to announce this important regulatory milestone, which represents a major step forward in unlocking the full value of West Newton that we believe is a significant and strategic natural gas resource. The EA's approval underscores the diligent and careful work undertaken for the planned recompletion works. We look forward to providing further updates as the project progresses toward development and production, which would see it contribute meaningfully to the UK's domestic energy security."