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 […]
Tag: Reabold Resources plc
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 […]
Reabold increases interest in West Newton
Reabold Resources plc has completed its £700,000 acquisition of further shares in Rathlin Energy (UK) Ltd, operator of the onshore West Newton gas joint venture within PEDL183 in East Yorkshire. The company purchased the shares from Connaught Oil & Gas Ltd, increasing its equity interest in Rathlin to approximately 79.8%. Reabold holds a 69.9% economic […]
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 […]
Reabold increases stake in West Newton
Reabold Resources plc has invested a further 20.4% of shares for £700,000 in the operator of the onshore West Newton development, Rathlin Energy (UK) Ltd. SIDETRACK The acquisition from Rathlin’s owner Calgary-based Connaught Oil & Gas Ltd will result in Reabold holding a 69.9% economic interest in PEDL183 via its 79.8% shareholding in Rathlin. Rathin […]