Beacon Energy plc’s plan to buy a further share in the Colle Santo gas project has halted after the long stop date expired, with seller Reabold Resources plc.
Tag: Beacon Energy plc
Beacon expects start of Colle Santo production tests
Beacon Energy plc expects production testing to begin on two existing wells within the Colle Santo gas field in Abruzzo, Italy.
Beacon chairman increases shareholding
Beacon Energy plc non-executive chairman and director Mark Rollins has increased his stake in the company after buying 343,810 ordinary shares. Mr Rollins acquired the shares, of no par value, on 5 August 2026 at a price of 2.9 pence per share. He now holds 9,423,507 ordinary shares, representing approximately 7.55% of Beacon’s issued share […]
Reabold to buy Union Jack for £6.14m
Reabold Resources plc has agreed a £6.14 million takeover of Union Jack Oil plc, which was at risk of losing its main assets. COMPELLING Under the agreement, each Union Jack shareholder will receive 0.051 new Reabold share in exchange for every one Union Jack share. Investment company Reabold said that, following completion, the enlarged group […]
Beacon welcomes distribution partner for Colle Santo
Beacon Energy plc said that a “leading” Italian energy distribution company has acquired 10% of the Colle Santo gas field owner, which in turn has increased its holding from 90 to 100%. VALIDATION The purchase for €1.4 million of the share in LNEnergy Italy, leaves the remaining 90% held by its parent LNEnergy Ltd. In […]
Beacon CEO joins LNEnergy board
Beacon Energy plc chief executive officer Stewart MacDonald is to join the board of LNEnergy, which is advancing the Colle Santo gas field in the Abruzzo region of Italy. WELL TESTS Beacon also announced that LNE IOM Ltd, of which it owns 49%, had acquired additional shares in LNEnergy through the latter’s rights offering to […]