Thursday 20 December 2018

Reabold announced that, as part of Corallian Energy Limited's two well offshore UK drilling campaign, the ENSCO-72 jack-up rig has now been mobilised from Hartlepool to drill the Wick exploration well in UKCS Block 11/24b (Licence P2235).

The Wick exploration well will test a high relief sub-surface structure which Corallian, the operator of the licence, estimates to contain Mean Prospective Resources of 26 million barrels of oil equivalent.

Reabold holds its interest in both the Wick and Colter prospects through its 32.9 per cent. equity interest in Corallian.