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 […]
Tag: LNEnergy Ltd
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 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, […]
Reabold investee acquires Colle Santo owner
Reabold Resources plc’s investee in the Colle Santo onshore gas project has entered into a binding agreement to acquire the outstanding 80% issued share capital of the field’s owner. PRODUCTION LN Energy Ltd (LN) manages and owns a 20% interest in Italian company LNEnergy S.R.L. which holds 90% of the concession, with an estimated 65 […]
LNEnergy targets increased share in Colle Santo
Reabold Resources plc’s investee has secured a two-month extension to acquire additional interest in the Colle Santo gas field in Abruzzo, Italy. OPTION The “low risk, small scale” liquefied natural gas project has two production wells already drilled and flow-tested with first gas targeted for 2025. LNEnergy Ltd manages and owns a 20% interest in […]