- UK Oil & Gas and Reabold Resources both confirmed that drilling operations had commenced at a UK appraisal well operated by Rathlin Energy.

The West Newton A-2 well would be drilled to a total depth of around 2,061 metres and was expected to take about 40 days to complete.

'In a success case, West Newton offers a fast pathway to monetisation through its proximity to existing gas pipelines and infrastructure in the local area,' Reabold said.

At 8:30am: [LON:RBD] Reabold Resources Plc share price was 0p at 0.65p

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