Operations are due to start at the Colle Santo onshore gas field after the Abruzzo regional government signalled its intention to approve an early production programme. DE-RISKING Reabold Resources plc holds a 16.2% equity interest in the project, estimated to hold 65bcf of 2P reserves, while operator LNEnergy Ltd has an exclusive option over 90% […]
Tag: Colle Santo gas field – Abruzzo – Italy
Well work and monitoring approved for Colle Santo
Reabold Resources plc’s investee company in the Colle Santo gas field has received permission for well work and to start installation and commissioning of the monitoring network. LNG PROJECT LNEnergy, which has an exclusive option over 90% interest in the Italian onshore field, is now allowed to begin well integrity and well service testing on […]
Reabold increases interest in Colle Santo
Reabold Resources plc has increased its interest for £2 million in the Colle Santo gas field in the Abruzzo region, onshore Italy. TERMS The company’s initial 3.1% interest now stands at 16.2% in LNEnergy which holds a 90% interest in the field. Reabold will pay £500,000 with existing cash and £1,500,000 with 810,810,811 new ordinary […]
Reabold extends options expiry date for Colle Santo
Reabold Resources plc has verbally agreed a second extension to the options expiry date regarding its conditional acquisition in the Colle Santo gas field, onshore Italy. OPTIONS In May, the company initially bought 32 shares in LNEnergy which holds an option over a 90% interest in the field. A conditional shareholder option agreement is with […]
Reabold expands into Italy with Colle Santo deal
Reabold Resources plc has entered into a conditional agreement to acquire an interest in the Colle Santo gas field in the Abruzzo region, onshore Italy. TERMS The investor purchased an initial 32 shares representing a 3.1% interest for £250,000 in LNEnergy Ltd which holds an option over a 90% interest in the field. The subscription […]