Operational Update on Wick

RNS Announcement

RNS Number : 8930A

Reabold Resources PLC

17 September 2018

Reabold Resources Plc

("Reabold" or the "Company")

Operational Update on Wick

Reabold is pleased to note the successful completion of the rig site survey over the proposed location for the forthcoming Wick well.

Corallian Energy is expecting drilling of the Wick well to commence in Q4 2018 following receipt of the outstanding necessary regulatory approvals and consents.

The Wick prospect is in the license P2235 offshore UK in the inner Moray Firth.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.

For further information please contact:

Reabold Resources Plc

Sachin Oza / Stephen Williams

c/o Camarco

Tel. +44 (0)20 3757 4980

Strand Hanson Limited (Nominated and Financial Advisor)

Rory Murphy / James Spinney / James Dance

Tel. +44 (0)20 7409 3494

Camarco (PR)

James Crothers / Oliver Head / Billy Cleg

Tel. +44 (0)20 3757 4980

Whitman Howard Limited (Joint Broker)

Hugh Rich / Grant Barker

Tel. +44 (0)20 7659 1234

Turner Pope Investment (TPI) Ltd (Joint Broker)

Andy Thacker

Tel. +44 (0)20 3621 4120

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RNS metadata

Title: Operational Update on Wick
Time: 08:01:03
Date: 17 Sept 2018
Category: Corporate updates
ID: 8930A