Reabold Resources plc has verbally agreed a second extension to the options expiry date regarding its conditional acquisition in the Colle Santo gas field, onshore Italy.
OPTIONS
In May, the company initially bought 32 shares in LNEnergy which holds an option over a 90% interest in the field.
A conditional shareholder option agreement is with certain of LNEnergy’s existing shareholders.
The options’ expiry date was initially extended to 7 June 2023 and both parties have now agreed to extend the date to 11 June 2023.
Reabold said that the formal extension agreement for the options was in the process of being signed.