Hill Dickinson has recently advised AIM-listed client, Reabold Resources plc – an investor in a diversified portfolio of oil and gas projects – on its acquisition of shares in Rathlin Energy (UK) Limited from Connaught Oil & Gas Ltd.
Rathlin is the operator of the PEDL 183 Licence which includes the West Newton gas development, the largest undeveloped onshore gas field in the UK. The transaction increases Reabold’s equity interest in Rathlin to approximately 79.8%.
The Hill Dickinson team was led by senior associate, Amy Grosvenor, and corporate partner, Jaspal Sekhon.