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Reabold North Sea Portfolio
Northern area licences
Reabold is Licence Administrator for two licenses in high-impact areas in the UK continental shelf.
- East Shetland Basin (Licence P2504) – 100% working interest.
- West of Shetland (Licence P2605) – 100% working interest.
Both operated licences are located near existing infrastructure or analogue fields. There are significant prospective resources and opportunities to create value. The Company believes that the prospects represent low to moderate geological risk with relatively low drilling costs and are strong candidates for farmout opportunities.
East Shetland Basin (Licence P2504) – 100% Working Interest
a) Jurassic oil play: Oulton oil discovery and Oulton West prospects.
- Oulton Oil Discovery (P2504, Block 3/11a)
- Oulton West Prospect (P2504, Block 3/11a)
b) Eocene Frigg gas play: Oulton West Ecoene prospect exhibits seismic amplitude anomalies analogous to the nearby Nuggets Fields
West of Shetland (Licence P2605) – 100% Working Interest
- Laxford Gas Discovery
- Scourie Prospect
Southern area licences
In January 2023, Reabold completed the acquisition of Simwell Resources Limited.
The work undertaken on the Simwell Southern North Sea licences provided the Company with valuable data and added to our understanding of the Zechstein play, which is fundamental to our West Newton and Crawberry Hill assets onshore.
The Company has retained the P2486 licence from the Simwell acquisition as the operator continues the farm-out process.
