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: LNEnergy Ltd
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 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 makes initial investment in Colle Santo
Beacon Energy plc has completed its initial investment in the Colle Santo gas field in the Abruzzo region, Italy. REABOLD The company now holds an approximate 24% indirect interest in LNEnergy, whose subsidiary owns the field. Subject to receiving a production concession, Beacon will acquire a further 24% indirect interest, for a total 48%, which is […]
Beacon prepares for vote on Colle Santo deal
Beacon Energy plc said it had published its admission document, dated 17 February, in connection with its proposed purchase of an interest in the Colle Santo gas field in Italy. SHAREHOLDERS The company’s share purchase agreement with Reabold Resources plc will result in an investment in LNEnergy Ltd, which owns 90% of the project. In […]
Beacon to raise £250,000
Beacon Energy plc aims to raise up to £250,000 via a retail offer, through the issue of new ordinary shares of nil par value each in the company, to help fund an interest in the Colle Santo gas field, Italy. TRADING The retail offer, at a price of 3.9 pence per ordinary share, is part […]