Reabold Resources plc plans to increase its interest to 17.6% for £250,000 cash in the operator of the Colle Santo gas field. SECOND OPTION The company will acquire a further 1.6% in LNEnergy Ltd by subscribing for 18 new ordinary shares each at £13,889, funded from existing cash resources. As part of the investment, LNEnergy has […]
Tag: Reabold Resources plc
Colle Santo gas field nears start of early production
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% […]
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 granted more time for Dunrobin-Golspie
Reabold Resources plc has been granted a further two years for the joint venture Innovate licence P2478 containing Dunrobin and Golspie prospects in the northern North Sea. PHASE A The UK North Sea Transition Authority granted the extension to Phase A with a drill decision on or before 14 July 2025. Reabold, with a 36% […]
Reabold to continue share buyback
Reabold Resources plc said it would continue its share buyback programme following shareholder approval at the company’s general meeting today. The aggregate value of Reabold’s ordinary shares each of 0.1 pence repurchased to date is £120,836 of the initial programme’s £750,000. The maximum amount of cash allocated to the programme from today’s date is £629,164. At today’s meeting, 22.09% […]
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 […]