Reabold announced an operations update in respect of the West Newton B-1Z ("WNB-1Z") conventional appraisal well, operated by Rathlin Energy (UK) Limited ("Rathlin"). Reabold holds a ca. 56%. economic interest in West Newton via its ca. 59% shareholding in Rathlin, which, in turn, has a 66.67% interest in PEDL183. In addition, Reabold has a 16.665% direct licence interest in PEDL183. The licence contains the conventional West Newton A-1 ("WNA-1") discovery well and the successful West Newton A-2 ("WNA-2") appraisal well, along with the recently drilled West Newton B-1Z ("WNB-1Z") discovery. Cased Hole Logging Programme ("CHLP") and Vertical Seismic Profiling ("VSP") operations on the WNB-1Z well have been completed. CHLP results confirmed the presence of a good cement bond of the production liner and well bore integrity. The VSP data will be used to refine the 3D seismic interpretation, primarily to be used in volumetric calculations towards reserve/resource figures for the West Newton field and for the identification of future well locations. Data from the VSP is currently in Romania being processed. Initial indications are that the data is of good quality. The next phase of operations will be conducted utilising a service rig and will be comprised of perforation and stimulation of the Kirkham Abbey formation and subsequent flow testing of the well. This phase of well testing operations is expected to commence in May 2021 and will take approximately four weeks to complete. Following completion of operations on WNB-1Z, the testing of the WNA-2 well will commence. Thin section images obtained from core plugs taken from the West Newton B-1Z well show porosity throughout the core including samples of between 12% and 15%.