Rathlin Energy (UK) Ltd, operator of the West Newton onshore gas field, has appointed Philip Birch as an independent non-executive director to the board, with immediate effect. Mr Birch has more than 40 years’ experience as an oil and gas executive in the energy sector. He has held a range of senior leadership positions including […]
Tag: West Newton – East Yorkshire
Reabold to buy Union Jack for £6.14m
Reabold Resources plc has agreed a £6.14 million takeover of Union Jack Oil plc, which was at risk of losing its main assets. COMPELLING Under the agreement, each Union Jack shareholder will receive 0.051 new Reabold share in exchange for every one Union Jack share. Investment company Reabold said that, following completion, the enlarged group […]
Reabold makes tentative offer for Union Jack
Union Jack Oil plc has received a non-binding, indicative and undisclosed all-share offer from investor Reabold Resources plc. DEBT Following receipt of the offer by letter on 1 June 2026, Union Jack said it had provided due diligence access to Reabold. “Discussions with Reabold are ongoing and there can be no certainty that any offer will be forthcoming […]
Reabold completes share consolidation
Reabold Resources plc has completed its share consolidation, of one new ordinary share for every 1,000 existing ordinary shares, following shareholder approval. TVRs The company’s issued share capital as at 10 April 2026 was an estimated 13,614,413,490 ordinary shares. Reabold said it had issued 793 additional existing ordinary shares to its registrar immediately prior to […]
Reabold clarifies Bitcoin plan for West Newton
Reabold Resources plc is continuing to investigate the possibility of mining Bitcoin to finance gas production at the West Newton joint venture in East Yorkshire. SCALE The company first raised the idea in August 2025 when the JV also signed a non-binding letter of intent with Texas-based 360 Energy for potential Bitcoin mining. Operations at […]
Reabold raises £687,000
Reabold Resources plc has raised £686,800 via a conditional subscription for 686,800,000 new ordinary shares of 0.1 pence each in the company, at 0.1 pence per share. DIRECTORS The company has also proposed a share consolidation, subject to shareholder approval. The subscription adds to the £1.51 million and £1.9m raised during March 2026, and takes […]