Reabold Resources plc (LSE:RBD) has increased its ownership in LNEnergy Limited by 1.2% through a rights issue, raising its total holding to approximately 47.4%. LNEnergy, through its subsidiary, maintains a significant interest in the Colle Santo gas field in Italy.
In addition to increasing its stake, Reabold has entered into an agreement with Beacon Energy PLC to sell part of its interest in LNEnergy. The first phase of the transaction is expected to close in November 2025. The move aligns with Reabold’s broader strategy to prioritize strategic gas projects that support European energy security.
About Reabold Resources plc
Reabold Resources is an investment-focused company with a diverse portfolio of oil and gas exploration, appraisal, and development projects. Its strategy centers on low-risk, near-term opportunities with strong value growth potential and a defined monetization plan. The company has a track record of returning proceeds to shareholders and reinvesting in growth assets, as seen in its recent sale of the undeveloped Victory gas field to Shell.
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