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Reabold Resources ( (GB:RBD) ) has shared an update.
Reabold Resources plc announced a key regulatory milestone for its Colle Santo project in Italy, as LNEnergy Limited’s Small Scale-LNG development plan received a positive opinion from the Italian Ministry’s Independent Environmental Impact Assessment Commission. This approval is crucial for obtaining the final EIA Ministerial Decree and the Natural Gas Production Concession, allowing LNE to operate existing gas wells and produce LNG for transportation, aligning with Italy’s climate and energy security goals. The project, which uses 100% renewable electricity, aims to produce clean LNG with near-zero emissions, supporting local industries and the Adriatic ecosystem. Reabold’s increased stake in LNE to 46.2% highlights its commitment to this strategically significant project, which addresses Europe’s energy security issues and provides a transitional fuel source.
More about Reabold Resources
Reabold Resources plc is an investing company with a diversified portfolio focused on exploration, appraisal, and development of oil and gas projects. The company aims to invest in low-risk, near-term projects with significant valuation uplift potential, and has a strategy to monetize these investments and return proceeds to shareholders while reinvesting in further growth opportunities.
Average Trading Volume: 26,275,397
Technical Sentiment Signal: Strong Sell
Current Market Cap: £5.35M
Learn more about RBD stock on TipRanks’ Stock Analysis page.