Sign up
Oil Capital

Reabold Resources takes sizeable stake in UK offshore drilling project

Stephen Williams and Sachin Oza, co-chief executives of Reabold Resources Plc (LON:RBD), discuss with Proactive's Andrew Scott their investment in an offshore drilling project, off England’s south coast.

The project's expected to see a well drilled in the first half of 2018.

Reabold's to invest £1.5mln into Corallian Energy, to take a 35.4% stake in the privately owned UK oil firm.

Corallian holds five licence interests in the UK, including a 60% in Colter exploration prospect which is located offshore in close proximity to Wytch Farm, Britain’s largest oil field which has so far produced some 450mln barrels of crude.

 

View full RBD profile View Profile
View All

© oil Capital 2019

Oil Capital, a subsidiary of Proactive Investors, acts as the vanguard for listed oil companies to interact with institutional and highly capitalised investors.
Headquartered in London, Oil Capital is led by a team of Europe's leading analysts and journalists, publishing daily content, covering all key movements in the Technology market.