Beacon Energy plc has proposed a share consolidation of one new ordinary share of nil par value for every 1,000 existing ordinary shares of nil par value. ITALY The company, which posted £18.6 million losses in 2024, became a cash shell in January of this year following the sale of its assets in Germany. Beacon […]
Tag: Colle Santo gas field – Abruzzo – Italy
Reabold increases interest in Colle Santo
Reabold Resources plc has increased its holding to 47.4% in the majority owner of the Colle Santo gas project in Abruzzo, onshore Italy. The investment company purchased a further 1.2% in LNEnergy Ltd, through subscribing for 128 new ordinary shares at £1,200 per share, for a total £153,600. LNEnergy’s local subsidiary, LNEnergy S.r.l, has a […]
Beacon agrees ‘pivotal’ deal over Colle Santo
Beacon Energy plc has reached a binding conditional agreement to buy shares, in a “transformational, value enhancing transaction”, in the Colle Santo gas field in the Abruzzo region, onshore Italy. REABOLD The company, which posted £18.6 million losses in 2024 and is currently a cash shell, signed the share purchase agreement with investor Reabold Resources plc, […]
Reabold welcomes step forward for Colle Santo
Reabold Resources plc’s investment project of the Colle Santo gas field has taken a step forward with a favourable review from the Italian Government. FIRST GAS Located in Abruzzo with two existing drilled and tested production wells, the site holds 65 billion cubic feet of gross 2P reserves, based on a RPS estimate in September […]
Reabold co-CEOs buy 170m shares
Reabold Resources plc’s co-chief executive officers today purchased in total 169,906,363 ordinary shares in the company. OWNERSHIP Sachin Oza purchased 79,000,000 ordinary shares at 0.0625 pence per share for £49,375. Mr Oza, along with persons closely associated with him, now owns 298,720,298 ordinary shares, representing 2.93% of the company’s issued share capital. Stephen Williams bought […]
Reabold nears 50% stake in Colle Santo
Reabold Resources plc now holds 45.1% in the Colle Santo gas field after converting £500,000 of outstanding convertible loan notes into 374 ordinary shares in the project’s majority owner. RESERVES The conversion was at an average price of £1,350 per share in LNEnergy Limited (LNE). LNE manages and owns 100% of Italian company LNE Srl, […]