- Reabold Resources said a new UK well had been put into production.

The VG-4 well at the West Brentwood field was now flowing at an initially constrained rate, according to operator Integrity Management Solutions.

The significant volume of gas produced, in addition to oil, during a test meant that the well could not be produced at its full rate until a tie-in to a nearby gas pipeline had been completed.

The well was currently producing in a range of 150-250 barrels of oil per day on a gross basis.

'The company expects the oil rate to produce at significantly higher levels once the gas constraint has been removed, from which point Reabold will also benefit from sales revenues associated with the produced gas,' Reabold said.

At 8:15am: [LON:RBD] Reabold Resources Plc share price was +0.01p at 0.63p

Story provided by