Further Investment into LNEnergy
Summary by AI BETAClose X
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 reserves1.
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:
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Reabold Resources plc Sachin Oza Stephen Williams
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c/o Camarco +44 (0) 20 3757 4980
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Cavendish - Nominated & Financial Adviser and Broker Neil McDonald Pearl Kellie
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+44 (0) 20 7220 0500
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Camarco Billy Clegg Rebecca Waterworth Sam Morris
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+44 (0) 20 3757 4980
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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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