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Drilling companies confirm work underway at West Newton-B

The oil and gas company, Rathlin Energy, has confirmed that it has started work at its second site in East Yorkshire.

DrillOrDrop reported on 8 April 2020 that site work appeared to have started at the West Newton-B site. But Rathlin Energy declined to respond to our questions about operations.

The company posted on its website yesterday (14 April 2020) that it was: “conducting preparatory work … in compliance with landowner and regulatory agreements, and consistent with government guidance on the COVID-19 situation.”

Rathlin’s partners, Reabold Resources and Union Jack Oil, issued statements to shareholders.

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

Reabold Resources plc (LON:RBD) is an investor in near-term, high growth upstream oil & gas projects where an injection of its capital facilitates near-term activity. Reabold’s assets include Monroe Swell, West Brentwood & Grizzly Island, in California, US and West Newton in the UK.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.