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: Reabold Resources plc
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 […]
West Newton JV looks to Bitcoin financing
The West Newton onshore gas project could be financed by installing gas-powered generators and cryptocurrency mining equipment, funded by natural gas produced at the East Yorkshire site. AI DATA The project estimate is gross recoverable 2C gas resources of almost 200 billion cubic feet, based on RPS’ independent assessment in 2022. Operator Rathlin Energy (UK) […]
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 grants 116m share options
Reabold Resources plc has granted a total of 116,060,000 share option awards to certain directors and persons discharging managerial responsibilities under its deferred annual bonus plan. BONUS The awards represent 50% of the total 2024 annual bonus value, which is deferred into nil-cost options over ordinary shares of 0.1p each in the capital of the […]