Reabold announced the results of a carbon intensity study completed by Gaffney, Cline & Associates Ltd. in respect of the West Newton field. The Company currently holds a 39.66% indirect interest in West Newton via its 59.48%. shareholding in Rathlin Energy (UK) Limited, operator of West Newton, which, in turn, holds a 66.67% direct interest in the Licence. As announced on 26 May 2020, Reabold has agreed, conditional on, inter alia, Oil and Gas Authority approval, to acquire a further 16.665 per cent. direct interest in West Newton from Humber Oil and Gas Ltd, on completion of which the Company will own an effective 56 per cent. economic interest in the licence. Highlights: West Newton development plan has been given an AA rating by GaffneyCline for carbon intensity, the best possible grade for low carbon emissions from potential upstream crude oil production; The study states that the West Newton field has carbon intensities "significantly lower than the UK average and also compared to onshore analogues"; Based on the study, GaffneyCline estimates that West Newton could produce the equivalent of just 5 grams of CO2 per megajoule of energy created ("gCO2eq./MJ"); The study did not include the review of any carbon offsetting measures, which could further limit West Newton's net carbon emissions; The study also highlighted that this number could be further reduced to just 3.5 gCO2eq./MJ by applying, inter alia, gas to grid technologies; Reabold concludes from the study that West Newton is a prime example of a low carbon opportunity for meeting increasing UK energy demands. GaffneyCline, an international petroleum and energy consultancy, has given the West Newton field an AA rating for carbon intensity, the best rating possible. This has been calculated using the Oil Production Greenhouse Gas Emissions Estimator (OPGEE), which includes parameters both selected from GaffneyCline's Global field database of 9,000 oil and gas fields and specific to West Newton. The study used specific West Newton reservoir and fluid parameters, notional development plans and analogous field development plans. The result of this study was benchmarked against other field analogues using the Global field database.  Reabold intends that the development at West Newton will seek to utilise the best fit for purpose technologies, including gas to grid technologies, and tight leak-rate specifications to minimise any venting, flaring or fugitive emissions.