- Reabold Resources and Union Jack Oil said it was too early to release an interpretation of data from the West Newton operation in Yorkshire.

Both companies noted that there had been media speculation about the joint venture project amid a recent rise in their share prices.

Reabold has a 24% share of the related licence area and Union Jack a 17% stake.

Interpretation of the data gathered from the West Newton A-2 operations was ongonig and further updates will be made in due course, Reabold said.

'The company is aware of market speculation in relation to such interpretations, but it is too early for the JV partners to be able to confirm their accuracy or not,' it added.

At 2:42pm:

[LON:RBD] Reabold Resources Plc share price was +0.05p at 0.98p

[LON:UJO] Union Jack Oil Plc share price was +0.02p at 0.25p

Story provided by