The Colle Santo gas project could be in line for Italian government financial assistance after it was seen to meet the country’s energy and economic needs. INCENTIVES Project partner Reabold Resources plc holds 26.1% of LNEnergy Ltd which has an option to acquire 90% of the field. Reabold said that the Ministry of Environment and Energy […]
Day: 19 December 2024
United warns of impact of rejected £1m fundraise
United Oil & Gas plc today warned its business could be hindered if shareholders’ opposed yesterday’s £1 million fundraise. The placing to raise the funds is conditional on, among other things, shareholders’ approval at the general meeting on 15 March. “Failure to secure the funds could hamper the company’s business and impact on its exploration […]