REG - Reabold Resources - West Newton Update

Reabold ResourcesAnnouncement

16/02/2026 11:30

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RNS Number : 1867T  Reabold Resources PLC  16 February 2026

16 February 2026

Reabold Resources plc

("Reabold" or the "Company")

 

West Newton Update

 

Reabold Resources plc, the investing company focused on developing strategic
gas projects for European energy security, confirms the following update on
the West Newton gas field, located within PEDL183 (the "Licence"), onshore UK
in East Yorkshire.

England's environmental regulator, the Environment Agency ("EA"), has issued
Rathlin Energy (UK) Limited ("Rathlin"), operator of the Licence, the
variation to the permit for the West Newton 'A' Well Site allowing for the
recompletion works to be carried out at the West Newton A-2 ("WNA-2") well
subject to certain pre-operational conditions. This is a key regulatory
milestone on the path toward development and eventual production of the West
Newton gas field.

The Company believes that the planned recompletion of the WNA-2 well is a low
risk and low cost activity that will further derisk the project and provide
important information in optimising future production wells.

The Company is confident that West Newton will prove to be an important
strategic asset to the UK as the country looks to secure domestic energy
supply and affordable energy.

Reabold holds a c.69.9% economic interest in West Newton and PEDL 183 via its
c.79.8% shareholding in Rathlin, which, in turn, has a 66.67% interest in PEDL
183. In addition, Reabold has a 16.665% direct licence interest in PEDL 183.

Rathlin's full announcement can be viewed here:
https://www.rathlin-energy.co.uk/latest-update/
(https://www.rathlin-energy.co.uk/latest-update/)

Sachin Oza, Co-CEO of Reabold commented:

"We are delighted to announce this important regulatory milestone, which
represents a major step forward in unlocking the full value of West Newton
that we believe is a significant and strategic natural gas resource. The EA's
approval underscores the diligent and careful work undertaken for the planned
recompletion works. We look forward to providing further updates as the
project progresses toward development and production, which would see it
contribute meaningfully to the UK's domestic energy security."

 

Engage with the Reabold management team directly by asking questions, watching
video
summaries and seeing what other shareholders have to say. Navigate to
our Interactive Investor
hub here: https://reabold.com/s/2b4e66
(https://reabold.com/s/2b4e66)

 

For further information, please contact:

 

 Investor questions on this announcement                   https://reabold.com/link/eY2gYr (https://reabold.com/link/eY2gYr)

 We encourage all investors to share questions

 on this announcement via our investor hub
 Reabold Resources Plc                                     Via our Investor Hub

 Stephen Williams                                          https://reabold.com/ (https://reabold.com/)

 Sachin Oza
 Cavendish - Nominated & Financial Adviser and Broker      +44 (0) 20 7220 0500

 Neil McDonald

 Pearl Kellie
 Camarco                                                   +44 (0) 20 3757 4980

 Billy Clegg

 Rebecca Waterworth

 Sam Morris

 

Subscribe to our news alert service: https://reabold.com/auth/signup
(https://reabold.com/auth/signup)

 

Notes to Editors

Reabold Resources PLC is a UK-based upstream oil and gas investment company
focused on generating returns through investment in low-risk energy projects
with high potential upside. Investment activity is undertaken through
strategic equity stakes in proven undeveloped gas discoveries with significant
resources and near-term production potential, primarily across the UK and
continental Europe. To support its investment strategy, Reabold balances
proceeds from asset sales between shareholder returns and re-investment in new
projects, with a focus on contributing to European energy security while
achieving significant valuation uplift through clear monetisation pathways.

 

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