Reabold Resources Expands Stake in Rathlin Energy
Deal News | Mar 13, 2025 | Hill Dickinson
Reabold Resources plc, a company listed on the AIM, has increased its equity interest in Rathlin Energy (UK) Limited to approximately 79.8%. Rathlin Energy is the operator of the PEDL 183 Licence, home to the UK’s largest undeveloped onshore gas field, West Newton. This strategic acquisition involved the purchasing of shares from Connaught Oil & Gas Ltd. The transaction was overseen by the legal advisory team at Hill Dickinson, led by senior associate Amy Grosvenor, and corporate partner Jaspal Sekhon. This move marks a significant enhancement in Reabold's diversified portfolio of oil and gas projects.
Sectors
- Oil & Gas
- Legal Services
Geography
- United Kingdom – The PEDL 183 Licence and West Newton gas field are located in the UK, making the geographical focus pertinent.
Industry
- Oil & Gas – The transaction involves investment in oil and gas projects, specifically regarding the West Newton gas development.
- Legal Services – Hill Dickinson provided legal advisory services for the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Reabold Resources plc | Buyer | Company | An AIM-listed investor focusing on a diversified portfolio of oil and gas projects. |
| Rathlin Energy (UK) Limited | Target | Company | Operator of the PEDL 183 Licence, including the West Newton gas development. |
| Connaught Oil & Gas Ltd | Selling Company | Company | The company selling its shares in Rathlin Energy to Reabold Resources. |
| Hill Dickinson | Legal Advisor | Company | The legal firm advising Reabold Resources on the acquisition. |
| Amy Grosvenor | Senior Associate | Person | Part of Hill Dickinson's advisory team for the acquisition. |
| Jaspal Sekhon | Corporate Partner | Person | Part of Hill Dickinson's advisory team for the acquisition. |