25th Jun 2021 13:49
Reabold Resources PLC - London-based investor in upstream oil and gas projects - Confirms completion of environmental baseline survey on the Victory Gas Discovery in the Shetland Isles. The company describes the survey as a key milestone in its submission of a draft field development plan to the UK Oil & Gas Authority. The environmental statement and FDP remain on track to be submitted to the UK authorities by the end of 2021, Reabold states.
"We are pleased with the continued progress at the Victory Gas discovery, which we believe is a simple and low-risk project, as we move closer to the submission of a draft field development plan later this year," comments Co-Chief Executive Stephen Williams.
"Victory is a sizeable asset for Reabold, complements our existing assets and fits with our strategic objective of delivering near-term project activity and value creation."
Current stock price: 0.53 pence, down 4.3% Friday
Year-to-date change: down 20%
By Will Paige; [email protected]
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