REG - Reabold Resources - Further Investment into LNEnergy

Reabold ResourcesAnnouncement

10/10/2025 07:00

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RNS Number : 8101C  Reabold Resources PLC  10 October 2025

 

10 October 2025

Reabold Resources plc

 

("Reabold" or the "Company")

 

Further Investment into LNEnergy

 

Reabold Resources plc, the investing company focussed on developing strategic
gas projects for European energy security, is pleased to announce that,
through participation in a rights issue, it has increased its interest in
LNEnergy Limited ("LNEnergy") by a further 1.2% through the subscription for
128 new ordinary shares at a price of £1,200 per share, with total cash
consideration of £153,600. This will take Reabold's total shareholding to
approximately 47.4% of LNEnergy's enlarged share capital.

 

LNEnergy's 100% owned subsidiary, LNEnergy S.r.l, is the Italian company that
has a 90% interest in the Colle Santo gas field in the Abruzzo region of
Italy, a highly material gas resource with an estimated 65Bcf of 2P
reserves(1).

 

As announced on 7 October 2025, Reabold has entered into a binding,
conditional agreement with Beacon Energy PLC ("Beacon"), for Beacon to acquire
all of Reabold's interest in LNEnergy. The first phase of this acquisition, in
which Beacon will initially acquire approximately 49% of Reabold's holding in
LNEnergy, is anticipated to complete in November 2025.

 

 

For further information, contact:

 

 Reabold Resources plc                                     c/o Camarco

 Sachin Oza                                                +44 (0) 20 3757 4980

 Stephen Williams

 Cavendish - Nominated & Financial Adviser and Broker       +44 (0) 20 7220 0500

 Neil McDonald

 Pearl Kellie

 Camarco                                                   +44 (0) 20 3757 4980

 Billy Clegg

 Rebecca Waterworth

 Sam Morris

 

Notes to Editors

 

Reabold Resources plc has a diversified portfolio of exploration, appraisal
and development oil & gas projects. Reabold's strategy is to invest in
low-risk, near-term projects which it considers to have significant valuation
uplift potential, with a clear monetisation plan, where receipt of such
proceeds will be returned to shareholders and re-invested into further growth
projects. This strategy is illustrated by the recent sale of the undeveloped
Victory gas field to Shell, the proceeds of which are being returned to
shareholders and re-invested.

 

 

( 1 ) RPS estimate, September 2022

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